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$700 Million Disappears From Corzine's Bankrupt Firm
According to multiple reports, almost $700 million in customer money has gone “missing” from MF Global, the brokerage firm helmed by former New Jersey Governor Jon Corzine that filed for Chapter 11 bankruptcy protection on Monday.
Updated: 11/01/2011 09:28A
UK city news : Invensys, bwin.party, G4S, Barclays, Legal & General
The market is reeling from the news that recession has taken another financial industry with after New York-based MF Global filing for Bankruptcy, after bets on European debt proved a step to far. Meanwhile, the city seems to have accepted that the
Updated: 11/01/2011 09:27A
Beacon Power files for chapter 11
US-based flywheel power storage developer Beacon Power filed for chapter 11 bankruptcy protection on 30 October. The filing includes its 20MW Stephentown project, which received a loan guarantee from the US Department of Energy, which will increase
Updated: 11/01/2011 09:26A
The Daily Docket: Tribune Exit Plan Rejected
According to WSJ, private equity investor J. Christopher Flowers could lose nearly $48 million on MF Global's bankruptcy. Via DealBook, law professor Stephen Lubben compares MF Global's bankruptcy filing to Lehman “in miniature.
Updated: 11/01/2011 09:25A
CME Group: Questions Persist Around MF Global Recordkeeping
By law, clearing firms like MF Global are required to "segregate" the funds of their customers from the firm's own assets and from one another, among the safeguards built into the futures market to shield brokers and corporate hedgers from the failure
Updated: 11/01/2011 09:24A
MF Global collapse could leave hedge funds exposed
The collapse of American brokerage firm MF Global, which filed for bankruptcy this week after eurozone debt exposures worth $4bn were revealed, could leave some hedge funds at risk after possible deficiencies in client accounts were exposed.
Updated: 11/01/2011 09:24A
Report: McCourt nearing deal with MLB to sell Dodgers
Frank McCourt and Major League Baseball are moving closer to settling their bankruptcy hearing, with McCourt possibly agreeing to sell the Los Angeles Dodgers, the Los Angeles Times reported Monday. A sale of the franchise likely would also include
Updated: 11/01/2011 09:23A
10 Big Investors In MF Global
There are a bunch of investment firms that stand to lose after Jon Corzine's MF Global filed for bankruptcy protection yesterday. A handful of them held fairly large stakes in the beleaguered brokerage firm, according to their latest 13F filings.
Updated: 11/01/2011 09:18A
Judge Rejects Tribune Bankruptcy Exit Plans
The judge in Tribune Co's Chapter 11 case rejected two competing plans for reorganizing the company on Monday, according to the Los Angeles Times, extending the company's three-year stay in bankruptcy.
Updated: 11/01/2011 09:17A
Jon Corzine-run brokerage files for bankruptcy
Jon Corzine, the former governor of New Jersey, is in the spotlight again as his brokerage firm, MF Global, files for bankruptcy. MSNBC.com reports that the Corzine-run company filed fro bankruptcy on Monday after bad bets on euro zone debt.
Updated: 11/01/2011 09:16A
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