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Reportings: MF Global; Yahoo takeover; debit-card fees; Tribune bankruptcy
(WSJ) In the neverending Tribune Co. bankruptcy, the court now looks to be favoring senior creditors over junor creditors who have alleged fraud: "Despite not picking a clear winner, [bankruptcy judge Kevin] Carey effectively chose sides with his
Updated: 11/01/2011 12:02P
MF global collapses amid euro turmoil
01--MF Global, the 228-year-old brokerage led by Jon Corzine, the former New Jersey governor and co-head of Goldman Sachs, has filed for bankruptcy protection after suffering massive losses from wrong way betting on eurozone bonds.
Updated: 11/01/2011 12:02P
When the DOE loans don't help but hurt
1, 2011, 9:52am PT No Comments There's been a similar sentiment from both companies that received loan guarantees from the Department of Energy and then declared bankruptcy: the terms of the loans were too onerous. Flywheel maker Beacon Power said as
Updated: 11/01/2011 12:00P
10 appointed to W.Va. spousal support commission
(AP) - Five family court judges will serve on a new committee studying whether West Virginia needs spousal support guidelines The Charleston Daily Mail (http://bit.ly/tQMyXe) says the other members are: Charleston divorce lawyer Lyne Ranson,
Updated: 11/01/2011 11:57A
Newly-Bankrupt MF Global Owes CNBC $850000
Why would a financial services company owe a TV channel money? Business Insider's Joe Weisenthal says he figured it out: unpaid advertising sales. MF Global was a significant advertiser on CNBC, with ads such as the one below, which is unintentionally
Updated: 11/01/2011 11:56A
Press: Judge Rejects Tribune Co. Bank…
In a 126-page decision, Delaware's chief bankruptcy judge, Kevin Carey, dismissed exit plans from both the Tribune Co. and its noteholders. “Neither the [company plan] nor the noteholder plan is confirmable,” he wrote. “I am uncertain, at this point,
Updated: 11/01/2011 11:56A
Empire Towers auction draws no bidders
The auction comes as Empire CEO Wilfred Azar III of Queenstown is being accused by some former business associates of "embezzlement," "fraud" and engaging in an elaborate "Ponzi scheme," in his and wife Melanie's personal bankruptcy proceedings.
Updated: 11/01/2011 11:53A
Hundreds of millions of dollars missing from securities firm run by former Gov
The situation unfolded after 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,
Updated: 11/01/2011 11:50A
S&P 500 Index Plunges 2.6% on Renewed Euro Zone Volatility
MF Global may face regulatory investigation in bankruptcy. US stocks opened sharply lower and popular indexes dropped more than 2% in the early trading. The declines were rooted in Europe after Greece decided to seek a referendum on the EU bailout deal
Updated: 11/01/2011 11:48A
MF Global Customers Call SIPC Asking for Money After Bankruptcy
The Lehman Brothers Holdings Inc. unit has been in liquidation since 2008 after its parent filed for bankruptcy with $639 billion in assets. “This is like a mini-Lehman,” he said. Claim forms were mailed about 17 days after con man Bernard Madoff's
Updated: 11/01/2011 11:46A
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