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Brokerage Giant MF Global Holdings Files Bankruptcy Following Risky Bets
Jon Corzine's brokerage firm MF Global Holdings filed for bankruptcy protection Monday following risky bets on debt issued by Italy, Portugal and Spain. MF Global becomes the largest US casualty of Europe's debt crisis, and the seventh-largest
Updated: 11/01/2011 09:41A
Referendum 'no' could leave Greece bankrupt, says Juncker
Greece could face bankruptcy if the population ends up voting against the European Union's latest financial aid package in a referendum, the chairman of the Eurogroup countries said on Tuesday. Expressing concern at Prime Minister
Updated: 11/01/2011 09:40A
Failure To Segregate Accounts At MF Global Means Someone Could End Up In Jail
At least as I understand the law, this is the regulatory equivalent of a felony offense. No wonder the buyer bolted. Of course, it's too early to know how much to make of this. There's a basically benign interpretation, which is that MF Global was
Updated: 11/01/2011 09:40A
November 2011
Tonight Pratt Institute entices art and design-loving donors to open their checkbooks and their autograph books for the school's annual Legends scholarship benefit. The 2011 honorees, “distinguished
Updated: 11/01/2011 09:38A
Courant-Fox 61 parent loses bankruptcy round
Tribune Co, owner of Connecticut's Hartford Courant and Fox 61 TV, along with the Los Angeles Times and Chicago Tribune newspapers, suffered a legal defeat after a judge late Monday rejected its plan to end its three-year stay in bankruptcy,
Updated: 11/01/2011 09:37A
“Business as Usual” for Some Parts of MF Global
The broker-dealer may have filed for bankruptcy yesterday, but its economists are still busy at work. The firm continues to issue its Daily US Economics Snapshot. Its Chief Economist, James O'Sullivan, is still fielding calls.
Updated: 11/01/2011 09:37A
MF Global, Tribune, Harrisburg, Beacon, Lehman: Bankruptcy
MF Global Inc., 11-cv-77750, US District Court, Southern District of New York (Manhattan). The liquidation will be transferred to the bankruptcy court and likely assigned to US Bankruptcy Judge Martin Glenn, who was given the holding company's Chapter
Updated: 11/01/2011 09:37A
S.A. area bankruptcy filings climb in October
Bankruptcy filings increased by 10 percent in October from a year ago in South-Central Texas. The increase was driven by more individuals filing for personal reorganization and liquidation. It's only the fourth month this year to show a year-over-year
Updated: 11/01/2011 09:36A
The Morning Leverage: Of Flowers And Ivy
BlackEagle Partners picked up its latest add-on deal for building supplies company US LBM Holdings out of bankruptcy protection. The firm acquired assets from Lyman Lumber, which ran aground following the financial crisis after expanding into the real
Updated: 11/01/2011 09:35A
Investors Stand to Lose Millions on MF Global
WSJ's Ryan Dezember reports on huge losses that investors are likely to suffer as a result of MF Global's decline and bankruptcy declaration. Among them, private-equity investor JC Flowers. Photo: AXEL SCHMIDT/AFP/Getty Images.
Updated: 11/01/2011 09:32A
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