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Did accounting help sink MF Global?
On Monday morning, MF Global, the global brokerage for commodities and derivatives, filed for bankruptcy. The firm's roots go back over two centuries, but in less than two years under CEO Jon Corzine, whose stellar resume includes
Updated: 11/01/2011 04:35P
Hawaii bankrupties fall in Oct. for 7th straight month
By Star-Advertiser Staff The number of bankruptcy cases filed in Hawaii fell in October for the seventh consecutive month, setting the stage for the first annual decline in filings since 2006. There were 260 bankruptcy cases filed last month,
Updated: 11/01/2011 04:34P
Stocks in the Spotlight Tuesday
The broker filed Chapter 11 bankruptcy after an accounting discrepancy sent a potential buyer packing. Public trading of MF Global shares was suspended. The Wall Street Journal reported that it was the
Updated: 11/01/2011 04:33P
Judge Rejects Tribune Co.'s Plan to Exit Bankruptcy
Mr. Carey, however, said he was bound by bankruptcy law that essentially allowed the supporters of the company plan to torpedo the noteholder plan and vice versa, making both plans unconfirmable. Mr. Carey also found other flaws with both plans.
Updated: 11/01/2011 04:27P
Why the big banks aren't sweating Bank Transfer Day
It's Bank Transfer Day on Saturday, and some unknown number of people are going to transfer their money from their too-big-to-fail bank to a friendly local community bank or credit union. Good for them! Unfortunately, Bank Transfer Day is happening the
Updated: 11/01/2011 04:26P
All MF Global Funds Accounted For, Held by Brokerage
MF Global, under investigation by US regulators after filing for bankruptcy protection, violated requirements that it keep clients' collateral separate from its own accounts, said CME Group Inc. Chief Executive Officer Craig Donohue on a conference
Updated: 11/01/2011 04:26P
/CORRECTION -- Grant Park Funds/
1, 2011 /PRNewswire via COMTEX/ -- In the news release, Grant Park Funds Responds to MF Global's Bankruptcy Announcement, issued 01-Nov-2011 by Grant Park Funds over PR Newswire, we are advised by the company that the text has been updated.
Updated: 11/01/2011 04:26P
FBI Plans to Probe MF Global Over Possible Account Shortfall
WASHINGTON—The Federal Bureau of Investigation plans to investigate MF Global Holdings Ltd. in the wake of its bankruptcy filing and questions about a possible shortfall in client funds, a person familiar with the
Updated: 11/01/2011 04:23P
Ex-NJ Governor's Firm Facing Bankruptcy Over Misuse of Client Funds?
MF Global filed for bankruptcy protection Monday as a result of insufficient cash flow following multibillion-dollar bets on European debt. The meltdown took less than a week to unfold and is to date the biggest US casualty of Europe's ongoing debt
Updated: 11/01/2011 04:22P
MF Global examined for client money use
Check out ninemsn Finance's Tax Time for tips and advice on how to make your 2011/12 tax return work for you. Collapsed US broker MF Global may have used client money on its own behalf as it fought to beat losses on European debt, markets operator CME
Updated: 11/01/2011 04:22P
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