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Logan, Malgapo, Hannigan the choices
It takes courage to run for public office, and those seeking to lead Vallejo out of bankruptcy will need more than most. The challenges are great, the return is not without huge uncertainties. And, those who take on the thankless task must be willing
Updated: 11/01/2011 03:04A
Bonds Soar as Risk Worries Return
Prices of US Treasuries soared Monday as stock market losses and the bankruptcy of futures broker MF Global drove a bid for safe-haven US government debt. US stock indexes fell more than 1.5 percent after rallying strongly this month.
Updated: 11/01/2011 03:03A
McCourt may sell Dodgers
One way to maximize value might be if MLB officials allowed a new owner to move the team out of Chavez Ravine -- the picturesque parcel of land that could be developed into a real-estate empire -- and build a new stadium in downtown Los Angeles,
Updated: 11/01/2011 02:57A
Rand weaker versus dollar, pound amid risk aversion
The rand was weaker against the dollar and sterling in early trade on Tuesday after the bankruptcy of a US firm heavily exposed to euro debt and the surprise announcement of a Greek referendum on the country's euro-zone bailout raised concerns over the
Updated: 11/01/2011 02:53A
UK's solar subsidy cuts to force bankruptcies
The government's plan to slash state subsidies for solar projects could force many renewable companies into bankruptcy, the head of the UK's largest independent solar firm told Reuters on Tuesday. Energy Minister Greg Barker on Monday proposed to halve
Updated: 11/01/2011 02:50A
Energy grant, loan guarantee recipient Beacon Power files for bankruptcy
A Massachusetts energy storage company that received a $24 million federal stimulus grant and a $43 million loan guarantee from the Department of Energy has filed for bankruptcy protection. Beacon Power Corp. of Tyngsboro, Mass., filed for Chapter 11
Updated: 11/01/2011 02:32A
Securities firm MF Global seeks bankruptcy protection
Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest quarterly loss. MF Global shares plunged 66 percent last week. Besides the loss of $186.6 million for the fiscal second quarter, investors were spooked when MF Global's
Updated: 11/01/2011 02:31A
Beacon Power: Another energy loan gone bad
The loan program was started by President Bush and expanded under President Obama as part of the stimulus effort. It has backed nearly $40 billion worth of loans so far in areas such as renewable energy, nuclear power and advanced auto technology.
Updated: 11/01/2011 02:31A
Regulators Investigating MF Global for Missing Money
In any case, what led to the unaccounted-for cash could violate a tenet of Wall Street regulation: Customers' funds must be kept separate from company money. One of the basic duties of any brokerage firm is to keep track of customer accounts on a daily
Updated: 11/01/2011 02:27A
European crisis dooms Corzine-led firm
Until he joined, the company was known mainly as a dealer in derivatives, investments based on the value of some underlying asset. Corzine wanted to build it into a major investment bank. One method: Trading for the bank's own profit, a practice known
Updated: 11/01/2011 02:21A
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