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Harrisburg mayor, council meet to discuss last-ditch financial plan to avoid
City council has already filed for bankruptcy protection on behalf of the city. Thompson is challenging the bankruptcy petition along with creditors. City leaders have until November 14 to hammer out a financial recovery plan and avoid a state takeover
Updated: 11/01/2011 05:00A
Oil prices fall $2 as euro crisis fears deepen
Futures brokerage MF Global filed for bankruptcy protection on Monday following bad bets on euro zone debt, making it the biggest US casualty of Europe's debt crisis and the seventh-largest US bankruptcy by assets. The dollar rose more than 1% while
Updated: 11/01/2011 04:59A
MF Global India Unaffected by Parent's Bankruptcy Filing
1 (Bloomberg) -- MF Global Sify Securities India Pvt. said its equities and commodities broking businesses in the South Asian nation are unaffected by its US parent's filing for bankruptcy protection yesterday. “There is a joint venture with Sify and
Updated: 11/01/2011 04:58A
Author: Mark Bolsom, Travelex
Safe haven currencies are in demand and the outlook for a turn around based on good news is fast declining after MF Global, the US investment giant, filed for bankruptcy on Monday. However, the primary concern in markets this morning is the
Updated: 11/01/2011 04:56A
MF Global bankruptcy hits soy co Solbar
The bankruptcy of US commodities trader MF Global Holdings Ltd. (NYSE: MF) has hit soy bean and protein products company Solbar Industries Ltd. (TASE: SLBR): it faces $930000 exposure to MF Global, according to a notice to the TASE today.
Updated: 11/01/2011 04:44A
Probe into missing funds at US company bankrupted by EU debt crisis
MF Global run by former New Jersey governor Jon S Corzine has filed for bankruptcy. It had built up a $6 billion portfolio of debt issued by EU countries including Italy, Spain and Portugal. Last week it reported its biggest quarterly loss to date and
Updated: 11/01/2011 04:43A
Greece to hold referendum on European debt deal - video
Greek prime minister George Papandreou announces plans for a referendum on the EU agreement to save Greece's economy from bankruptcy by cutting their country's debts by 50% in return for austerity measures. A vote against last week's deal by eurozone
Updated: 11/01/2011 04:40A
Judge rejects competing Tribune Co. bankruptcy plans
In rejecting both plans, the judge said neither met requirements under bankruptcy law for acceptance by creditors that would be left with less than what they are owed. Carey said Tribune Co.'s proposed settlement shielding the buyout lenders was fair
Updated: 11/01/2011 04:33A
Tribune bankruptcy plan rejected; so is rival proposal
s plan to emerge from bankruptcy protection, along with a rival plan from dissident creditors. Judge Kevin Carey said he may appoint a trustee to help end the 3-year-old case if the media conglomerate cannot come up with an acceptable plan soon.
Updated: 11/01/2011 04:28A
Barofsky, Egan, Bove Own Words On MF Global Bankruptcy
Sean Egan, president of Egan-Jones Ratings Co., and Richard Bove, an analyst at Rochdale Securities LLC, offer their views on the filing for bankruptcy protection by MF Global Holdings Ltd. This report also contains comments from Dean Maki,
Updated: 11/01/2011 04:21A
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