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US-Funded Energy Storage Provider Beacon Power Files For Bankruptcy
Energy storage company Beacon Power, which received $56 million from the federal program since 2009, has reportedly filed for bankruptcy protection. Beacon Power, makers a flywheel technology to store and supply energy to the grid, will continue to
Updated: 11/01/2011 08:24A
Accounting News Roundup: Treasure Hunt at MF Global; IRS Employees Going Rogue
MF Global Holdings Ltd. collapsed into bankruptcy Monday when a potential buyer bolted over a discrepancy of hundreds of millions of dollars in the beleaguered securities firm's books, people familiar with the matter said.
Updated: 11/01/2011 08:24A
Where's the Money? MF Global Faces New Questions After Filing for Bankruptcy
Trading in shares of MF Global was halted hours after the company filed for Chapter 11 bankruptcy protection Monday in New York. Federal regulators are reported to be investigating major discrepancies in MF Global's books, and the missing money
Updated: 11/01/2011 08:23A
First major victim of European debt crisis
American brokerage company MF Global has filed a bankruptcy petition at the Court of Bankruptcies. All the company's assets worth more than $40 billion have been frozen. This is the first crush of a company dealing with sovereign bonds of European
Updated: 11/01/2011 08:22A
MF Global Not in Compliance With Customer Funds, CME Group's Donohue Says
MF Global Holdings Ltd. (MF), the broker that filed for bankruptcy yesterday and is the subject of regulatory probes over funds missing from client accounts, isn't in compliance with CME Group Inc.
Updated: 11/01/2011 08:21A
JUNCKER - GREECE COULD GO BANKRUPT IF REFERENDUM SAYS NO
(AGI) Rome - Juncker said that bankruptcy is possible if the Greeks vote no in the referendum on the European rescue plan. The president of the Eurogroup added that the proposed referendum has added "great nervousness and uncertainty" to an already
Updated: 11/01/2011 08:20A
Another Solyndra already? Some worry even worse is coming.
Beacon Power Corp., a tiny renewable energy company that was a recipient of a $43 million loan guarantee backed by the Department of Energy, declared bankruptcy on Sunday, leaving taxpayers to cover
Updated: 11/01/2011 08:19A
Corzine-run MF Global is first big US victim of Europe crisis
MF Global Holdings Ltd., which Corzine has led since early last year, filed for bankruptcy protection Monday. Concerns about the company's holdings of European debt caused its business partners to pull back last week, which led to a severe cash crunch,
Updated: 11/01/2011 08:16A
MF Global did not separate customer accounts
CHICAGO - MF Global Holdings Ltd, the futures broker that filed for bankruptcy protection on Monday, did not separate its customers' accounts from the firm's funds as required by law, its main exchange regulator said on Tuesday.
Updated: 11/01/2011 08:15A
State Creation is Very Necessary, Says Senate
"A lot of people have said that a lot of states are not viable and that creating additional states would therefore not be desirable. I am standing here to disagree completely and I believe that there are lots of people who are also talking about what
Updated: 11/01/2011 08:14A
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