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MF Global's Collapse Draws FBI Interest
Another possibility is that the gap reflects bookkeeping or accounting errors, as well as a delay in recording transactions in MF Global's books given the securities firm's far-flung trading and clearing operations. At a bankruptcy-court hearing
Updated: 11/01/2011 06:47P
Shining spotlight on solar panel bankruptcy
A steady stream of government emails released by a House Energy and Commerce subcommittee tells a sordid tale of a company that President Obama turned into an energy showcase for his $40 billion loan program - until it went bankrupt in August,
Updated: 11/01/2011 06:39P
Banks Begin to Shrink As Wall Street Hits Wall
UBS AG said in August it would cut 3500 jobs, and executives there are expected to further scale back its once-high-flying investment bank. Goldman Sachs Group Inc. said in July it expects to cut 1000 positions, but the firm has already exceeded that
Updated: 11/01/2011 06:39P
US wheat falls over two percent
US wheat fell over 2 percent on Monday as the dollar surged against the yen, new concerns arose over Europe's debt crisis and traders grew wary after futures trading giant MF Global filed for bankruptcy. Corn and soyabeans also eased nearly 1 percent
Updated: 11/01/2011 06:38P
Canadian canola futures fall
Further pressure seen from selling related to broker MF Global filing for bankruptcy. ICE Futures Canada said trades by MF customers were limited to liquidation. Nearby November canola registered a 0.1 percent loss in October, and touched its lowest
Updated: 11/01/2011 06:38P
MF Global missing millions
MF Global Chief Executive Jon Corzine blew his chances for a buyout deal with Interactive Brokers because of this firm's "possible deficiences" in accounting. NEW YORK (CNNMoney) -- Money was found
Updated: 11/01/2011 06:36P
Ruden McClosky law firm files for Chapter 11
By TOLUSE OLORUNNIPA The Fort Lauderdale-based law firm Ruden McClosky filed for Chapter 11 bankruptcy Tuesday, and another law firm in the city announced plans to purchase its assets. The firm owed more than $4 million in debt.
Updated: 11/01/2011 06:36P
Despite Beacon's Failure, Energy Storage Is Key
Just two months after the bankruptcy of Solyndra, the California solar panel manufacturer that had received $535 million in US loan guarantees, Beacon's woes extend the string of bad publicity for the program that was meant to jump-start US clean
Updated: 11/01/2011 06:35P
FBI to join probe of Corzine's firm over hundreds of missing dollars in
MF Global filed for bankruptcy on Monday in one of the biggest filings in US history. It has admitted to federal regulators that money was missing from its customer accounts, according to reports. “While we are unable to determine the precise scope of
Updated: 11/01/2011 06:32P
Chapman ups offer 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 06:29P
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