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MF Global says it used clients' money-AP
Nov 1 (Reuters) - MF Global Holdings Ltd ., the futures broker that filed for bankruptcy protection on Monday, has admitted to using its clients' money as its financial troubles mounted, AP reported, citing a US official. An MF Global executive made
Updated: 11/01/2011 01:45P
Judge Rejects Both Sides' Plans To Restructure Tribune
In a hefty, 126-page opinion in which he invoked the parable of the born enemies, a fox and a scorpion, who had to cooperate in order to cross a river, a federal bankruptcy judge on Monday rejected two proposals for reorganizing Tribune Co.,
Updated: 11/01/2011 01:43P
MF Global = Full Tilt Poker?
Something very sketchy took place at futures brokerage MF Global (NYSE: MF) in the weeks and months leading up to the firm's bankruptcy filing. Now $700 million in client money is missing. Bloomberg is reporting that the CME Group
Updated: 11/01/2011 01:43P
York should file for bankruptcy
If the unions will not budge, then the only alternative will be, as Harrisburg just did, file for bankruptcy. Bankruptcy will make all contracts null and void. Wages will be re-negotiated as well as the benefits and pensions.
Updated: 11/01/2011 01:42P
Ruden McClosky files Chapter 11
Ruden McClosky , once among the largest law firms in Florida, filed for Chapter 11 bankruptcy Tuesday, declaring $4.6 million in debt to Wells Fargo bank . In bankruptcy court documents, the firm said it hired a restructuring advisor,
Updated: 11/01/2011 01:35P
Another DOE Loan Guarantee Recipient Goes Bankrupt
In August 2010, the Treasury Department's Federal Financing Bank awarded Beacon Power the loan guarantee to finance a new energy storage plant in Stephentown, New York. But the company claims a run of bad fortune has burdened its financial standing,
Updated: 11/01/2011 01:34P
Bankruptcy of MF Global?
The big story yesterday was the bankruptcy filing of MF Global. The news angles to this story include Corzine's reputation, possible disruptions in trading, other firms with possible counter party risk to MF, the bonds the company floated during the
Updated: 11/01/2011 01:31P
NYSE Euronext : NYSE to Suspend Trading in MF Global Holdings Ltd.; Moves to
This decision was reached in view of the fact that both it and its MF Global Finance USA Inc. subsidiary filed voluntary petitions under Chapter 11 of the US Bankruptcy Code with the US Bankruptcy Court for the Southern District of New York on October
Updated: 11/01/2011 01:31P
Quick Explanation of the Tuition Bubble
Here's my proposal: I think we should return to the days when student loans were dischargeable in bankruptcy, starting five years after graduation. This will allow graduates who are unable to pay to get out from under what is otherwise a potential
Updated: 11/01/2011 01:29P
JPMorgan Seeks Lien on All MF Global Assets to Cover Collateral
MF Global, which filed for bankruptcy with assets of $41 billion, has five operating accounts, all with JPMorgan. The bank may have a lien on the entire balance because of so-called setoff rights related to a credit line to MF Global where it acts and
Updated: 11/01/2011 01:28P
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