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Bankrupt MF Global missing $600 million in customer money
However, MF Global lawyer Kenneth Ziman told US Bankruptcy Judge Martin Glenn that customer funds are accounted for. Ziman said the bulk of the company's US assets are held at its brokerage unit which is not part of the main bankruptcy case.
Updated: 11/02/2011 05:52A
For sale: The Los Angeles Dodgers
LOS ANGELES (AP) — Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sport's most storied franchises, ending a seven-year run that included four trips to the
Updated: 11/02/2011 05:50A
FBI to probe MF Global collapse
The FBI is now set to investigate claims that client funds were used to keep MF Global going prior to its bankruptcy on Monday. The collapse has also left small trading firms in Chicago struggling. The agency was called in after executives and CME
Updated: 11/02/2011 05:47A
FBI Looking Into MF Global
Bankruptcy may be the least of MF Global's problems: The FBI is one of several federal agencies investigating the bankrupt brokerage firm run by former New Jersey Governor Jon Corzine. According to The New York Times, there is no indication yet that
Updated: 11/02/2011 05:36A
MF Global and Corzine's Folly
In April 2005, then President Bush signed into law the Bankruptcy Abuse Prevention and Consumer Protection Act, which among other things, severely limited a Chapter 11 debtor's ability to make severance and retention payments to insiders.
Updated: 11/02/2011 05:35A
McCourt, MLB agree to process to sell Dodgers By The Associated Press
Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sport's most storied franchises, ending a seven-year tenure that saw the team return to the playoffs regularly but was
Updated: 11/02/2011 05:32A
Los Angeles Dodgers owner Frank McCourt, MLB reach agreement to sell Dodgers
By: AP LOS ANGELES (AP) — Embattled Los Angeles Dodgers owner Frank McCourt and Major League Baseball reached an agreement late Tuesday to sell one of the sport's most storied franchises, ending a seven-year run that included four trips to the
Updated: 11/02/2011 05:32A
MF Global Bankruptcy Exposes Vulnerability of US Banks to Eurozone Debt Crisis
The bankruptcy of MF Global Holdings (NYSE: MF) was a distressing signal to investors that it is possible for US financial institutions to fall victim to the Eurozone debt crisis.
Updated: 11/02/2011 05:28A
Jon Corzine's Revenge on Goldman
The vast $6.3 billion bet on European bonds that went awry and sent Corzine's current firm, MF Global Holdings, scurrying for bankruptcy protection, may be final nail in the coffin of proprietary trading by Wall Street firms.
Updated: 11/02/2011 05:23A
Marie Callender's bankruptcy plan approved
The parent company of Marie Callender's will emerge from Chapter 11 bankruptcy protection later this month, the company reported Tuesday. A bankruptcy judge has approved the company's restructuring plans.
Updated: 11/02/2011 05:22A
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