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Chapman ups offer to $51.5 million for Crystal Cathedral
Attorneys for the diocese filed an objection in bankruptcy court Friday, stating that the Chapman proposal is not feasible. They said the cathedral, given its revenues and expenses over the past year, will run out of funds by May 2012 and be unable to
Updated: 11/01/2011 04:20P
Weathering a Financial Storm
The stock market is bouncing up and down like a beach ball; people continue to lose their jobs and their homes; bankruptcy is on the rise and people are accumulating more debt. According to a recent study, people who are happy and content live longer.
Updated: 11/01/2011 04:17P
MF Global 2010: Save us from MF Global 2011
Regardless of how a bankruptcy court may ultimately decide this issue, the legal uncertainty raises the likelihood of complex litigation, inevitably delaying or preventing the return of futures customers' funds or the transfer of exchange-traded
Updated: 11/01/2011 04:15P
JPMorgan UBS AG win dismissal in Madoff case
She sent what remains of the cases back to US Bankruptcy Court for further proceedings. Banks have taken the offensive after US District Judge Jed Rakoff in Manhattan, in a case against HSBC Holdings Plc and others in July said Picard exceeded his
Updated: 11/01/2011 04:15P
MF Global Shares to Start Trading Over the Counter Tomorrow
Should the exchange determine a company is below listing criteria, it notifies the company within 10 business days, and the company is required to issue a press release saying it received the notification, according to NYSE Euronext.
Updated: 11/01/2011 04:14P
Chemtura Reports Third Quarter 2011 Financial Results
By Business Wire 11/01/11 - 04:58 PM EDT Chemtura Corporation, (NYSE: CHMT) (the “Company,” “Chemtura,” “We,” “Us” and “Our”) today announced financial results for the third quarter ended September 30, 2011. We also filed our Quarterly Report on Form
Updated: 11/01/2011 04:13P
MF Global says it used clients' money - AP
- 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 the
Updated: 11/01/2011 04:12P
Wall Street Firm Run By Former NJ Gov. Files For Bankruptcy
MF Global had made major investments in the sovereign debt of troubled countries like Italy and Spain. As worries about Europe's debt crisis increased, two credit ratings agencies downgraded MF Global's debt and started the spiral towards bankruptcy.
Updated: 11/01/2011 04:11P
Bankrupt MF Global investigated for use of client funds
A day after the huge futures broker, run by Wall Street star Jon Corzine, filed for bankruptcy protection, CME chief Craig Donohue appeared to confirm media reports saying the company broke rules in tapping hundreds of millions of dollars in private
Updated: 11/01/2011 04:10P
Harrisburg is back in bankruptcy court in order for the judge to clarify some
The mayor hopes this order will give people who work with the city, some confidence about doing business together. “The city can and always had the legal authority to continue to do business in the same manner that they always have,” stated Kenneth Lee
Updated: 11/01/2011 04:09P
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