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Current Mortgage Rates Plunge – Tuesday, November 1, 2011
Financial firm MF Global filed for bankruptcy and any Greek acceptance of a proposed bailout is going to be tied to a referendum. The news out of Greece is still reverberating today because the proposed bailout is extremely unpopular and seems unlikely
Updated: 11/01/2011 12:17P
MF Global Suspended From LME Trading, CME Clearing on Filing
1 (Bloomberg) -- MF Global Holdings Ltd., the holding company that filed for bankruptcy protection, was suspended from trading on the London Metal Exchange. CME Group Inc., the largest futures market, also suspended the broker-dealer unit MF Global
Updated: 11/01/2011 12:15P
US judge axes Tribune bankruptcy exit plans
(Chicago, USA) - A US judge has rejected a rival pair of plans intended to bring the Tribune Co., owner of the Chicago Tribune, Los Angeles Times and other newspapers, out of bankruptcy. US bankruptcy judge Kevin Carey rejected the plans late Monday
Updated: 11/01/2011 12:15P
Forex News – MF Global bankrupt due to large European debt exposure
MF Global is the biggest US casualty of Europe's debt crisis, and the seventh-largest bankruptcy by assets in US history. The bankruptcy is reminiscent of the collapse of Lehman Brothers in 2008 at the height of the financial crisis.
Updated: 11/01/2011 12:12P
News for Youse: Greece goes rogue, the planet eats one more wafer thin mint
Greece faces a controlled 50% default on its debt with the Eurozone intervention, and bankruptcy without. But at least it's its own bankruptcy—not an insignificant thing. As the BBC's Paul Mason writes, the referendum is “effectively a plebiscite on
Updated: 11/01/2011 12:11P
Strong dollar one of many factors moving grains
Lastly, it should be mentioned that a large clearing firm, MF Global, filed for bankruptcy on Monday, which brought in fear of liquidation from anyone who trades through them. While some liquidation is possible, it is likely that it is being made more
Updated: 11/01/2011 12:11P
Tribune Bankruptcy Plans Rejected By Judge
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 12:11P
Magic Circle Firms In Driver's Seat for Saab Sell Off
Saab filed for bankruptcy in Vnersborg District Court in early September after failing to secure the financing needed to continue operations. An infusion of money had seemed possible over the summer when the struggling automaker signed an agreement
Updated: 11/01/2011 12:09P
Corzine's MF Global files for bankruptcy – how will markets react?
MF Global, a financial firm run by former New Jersey governor Jon Corzine, has filed for bankruptcy. The firm filed for Chapter 11 after bad bets on Europe helped to put the company $39.7 billion in debt. Also, according to government agencies,
Updated: 11/01/2011 12:07P
Another Solar Company Files Bankruptcy
Following the collapse of solar panel maker Solyndra LLC two months ago, another energy company, Beacon Power Corp., goes bankrupt after receiving a $43 million US loan guarantee. The Massachusetts-based energy company had originally used the loan to
Updated: 11/01/2011 12:03P
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