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MF Global Is First Major US Casualty of Europe Crisis
Until he joined, the company was known mainly as a dealer in derivatives, which are investments based on the value of some underlying asset. Corzine wanted to build MF Global into a major investment bank. One method: trading for the bank's own profit,
Updated: 11/02/2011 03:03A
Sticky fingers
Federal agents yesterday joined the hunt to find out if Corzine's MF Global mishandled hundreds of millions in client accounts that went missing -- at least briefly -- just before the broker-dealer filed for bankruptcy.
Updated: 11/02/2011 02:59A
Dodgers and MLB reach sale agreement ... Cain gauging Washington support
Major League Baseball and team owner Frank McCourt have reached an agreement to sell the team, which had filed for bankruptcy protection in June. The Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the
Updated: 11/02/2011 02:48A
Daily Strategic Report
by Gavin Grier-Rees - FX Market Report | View company's profile Disarray in Greek politics a soft ISM report and the scandalous bankruptcy of MF Global sparked another day of risk aversion across financial markets. Greece surprise call for a referendum
Updated: 11/02/2011 02:45A
Dodgers owner McCourt, Major League Baseball agree to 'court supervised
The announcement came as the Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB
Updated: 11/02/2011 02:40A
Frank McCourt's selling the Dodgers? Get outta town!
Dodgers owner Frank McCourt has agreed to seek approval from US Bankruptcy Court to put the team up for sale. (Robert Gauthier / Los Angeles Times / July 1, 2011) By Bill Plaschke Ending the saddest chapter in Dodger history, Frank McCourt has finally
Updated: 11/02/2011 02:39A
PRECIOUS METALS - European Opening View - Gold sees steady start; markest
Bargain hunting and flight-to-safety demand for gold led the yellow metal to recover back to close with a 0.1% gain, the rest of the metals remained in the red however as a result of the negative risk sentiment; silver settled down 3.1%, platinum 0.7%
Updated: 11/02/2011 02:37A
Nigeria: Will the the Nation's Federalism Pass This Test?
The word "bankruptcy" was repeated not be a few contributors to the debate. It was as if the fate of a badly run private enterprise was on the agenda. Now, when fears are expressed about the possibility of sovereign institutions such as a tier of
Updated: 11/02/2011 02:37A
MF Global's collapse exposes regulators as slow learners: Report
Cleaning up Lehman's 2008 collapse slowed significantly when British bankruptcy officials froze Lehman's UK assets, crippling several hedge funds and other creditors. In New York, the bank's cash management system surprisingly delayed paying funds to
Updated: 11/02/2011 02:36A
MF Global 'failed to separate' accounts
MF Global failed to protect customer accounts by keeping them separate from its own funds, said a top US exchange regulator, another shock for commodity markets scrambling to contain fallout from the brokerage's bankruptcy. The revelation yesterday by
Updated: 11/02/2011 02:35A
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