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Steve Nesius / Reuters
By SportsDirect Embattled Los Angeles Dodgers owner Frank McCourt is close to an agreement with Major League Baseball to sell the proud franchise through a bankruptcy settlement, the Los Angeles Times reported Monday night. According to the report,
Updated: 11/01/2011 06:10P
Naples Bay Resort still afloat after court hearing
Negotiations in a federal bankruptcy court in Fort Myers took hours. A hearing was held Monday and began again at 9 am Tuesday, but it was delayed more than five hours as the two sides worked to reach a compromise. By 3 pm, there was an agreement to
Updated: 11/01/2011 06:07P
Follow From the Wires
The fact that he wasn't prosecuted shows that the law isn't being enforced, he said. Officials with US Immigration and Customs Enforcement and the Border Patrol didn't immediately respond to requests for comment Tuesday. The long-term investigation of
Updated: 11/01/2011 06:06P
Questions Being Raise About MF Global Actions
By WNYC Newsroom The Federal Bureau of Investigation is planning to investigate MF Global, the securities firm headed by former New Jersey governor and Goldman Sachs chief Jon Corzine, that filed for bankruptcy protection on Monday.
Updated: 11/01/2011 05:58P
Judge grants $8 million 'lifeline' to MF Global
MF Global CEO Jon Corzine faces objections from JPMorgan Chase about his firm's bankruptcy filing. NEW YORK (CNNMoney) -- MF Global executives pled in bankruptcy court Tuesday for access to enough
Updated: 11/01/2011 05:55P
Dave Sather's Money Matters: Leverage is still a ticking time bomb
Monday's announcement that MF Global filed for bankruptcy came as no surprise to those in the financial world. To those outside of it, this filing is another sad reminder of what happens when smart men do stupid things.
Updated: 11/01/2011 05:54P
MF Global shock leaves clients scrambling
At the US Bankruptcy Court in Manhattan, MF Global's lead attorney Ken Ziman, said all of the funds in the company's broker dealer are accounted for. To management's best knowledge, "there are no shortfalls" in brokerage accounts, said Ziman, of law
Updated: 11/01/2011 05:54P
Carl Icahn to Dynegy Bond Holders: I Dare You.
The skipped bond payment seems to be a shot over the bow of investors who oppose Mr. Icahn's plans but it's unclear how a default, and subsequent bankruptcy filing, would actually work to the activist shareholder's advantage.
Updated: 11/01/2011 05:52P
Developer of Eagle Mountain dump files for Chapter 11 bankruptcy
A developer of the 4654-acre Eagle Mountain landfill project proposed for an area just east of Joshua Tree National Park has filed for bankruptcy. Mine Reclamation LLC filed for Chapter 11 bankruptcy protection this week in federal bankruptcy court in
Updated: 11/01/2011 05:52P
Open Range has "stalking horse" bidder
Greenwood Village-based Open Range has selected totheHome.com as the "stalking horse" bidder, according to bankruptcy court documents filed Thursday. Stalking horse bidders are used to help spur interest in a bankrupt entity and prevent low-ball offers
Updated: 11/01/2011 05:51P
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