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Filene's Basement and Syms File for Bankruptcy
Syms and its subsidiary Filene's Basement filed for bankruptcy on Nov. 2, 2011. (Mario Tama/Getty Images ) The women's clothing superstore, which has locations in Union Square and the Upper West Side, and its parent company, Syms, the men's clothing
Updated: 11/02/2011 01:08P
PROFNET EXPERT ALERTS: Electric Vehicles / Liberian Elections / Enron
Because of what was learned during Enron, federal prosecutors now routinely employ obstruction-of-justice statutes as a tool to bring corporations and officers to their knees. And corporate whistle-blowers are now positioned to receive millions of
Updated: 11/02/2011 01:05P
Regulators pushed MF Global on risky bets months ago (Reuters)
(Reuters) – US regulators started raising concerns about MF Global's European sovereign debt exposure as early as June, according to a source familiar with the matter, four months before the company's collapse into bankruptcy.
Updated: 11/02/2011 01:04P
The IRS debunks 5 popular tax myths
Bankruptcy law is quite convoluted at times, but the general condition to have an individual tax debt pardoned via a bankruptcy petition is that the balance has to be at least three years old. Current balances are considered priority debts and are not
Updated: 11/02/2011 01:03P
Exclusive - Regulators pushed MF Global on risky bets months ago
FINRA began conversations with MF Global about whether it was appropriate under Generally Accepted Accounting Principles to consider the exposure to be off balance sheet, according to the source, who was not authorized to speak publicly.
Updated: 11/02/2011 01:02P
Filene's Basement and Syms stores closing for good
The company says that they have been facing increased competition from large department stores that offer the same brands at similar, or lower, prices. From now until the end of January, both stores plan to run going-out-of-business sales.
Updated: 11/02/2011 01:01P
Ally CEO says may not support its mortgage unit
The mortgage crisis has cost Bank of America alone more than $30 billion in loan losses and legal costs by some estimates. Ally owns 100 percent of ResCap, but the struggling mortgage unit has its own board of directors, Carpenter said.
Updated: 11/02/2011 01:01P
For Lenny Dykstra it's autographs, then on to boxing match
Lenny Dykstra — baseball star turned car wash owner turned Wall Street wizard turned magazine publisher turned bankruptcy filer — will be at the Oxford Valley Mall this weekend as part of a sports memorabilia show. Dystrka was released from prison last
Updated: 11/02/2011 01:00P
Solyndra Executive Bonuses Kept Coming in 2011
Dana Hull of the San Jose Mercury News reads 277-pade Solyndra bankruptcy documents so you don't have to. She uncovered that Solyndra bankruptcy law firm Gibson, Dunn & Crutcher earned $616838 this summer. Including $275000 on Aug. 19.
Updated: 11/02/2011 12:57P
Regulators pushed MF Global on risky bets months ago
That, in turn, may have helped cover the fact that MF Global's core business was struggling. It all signals the Wall Street model is broken, according to PIMCO's Gross. "Do we have a better example today than MF Global in terms of the mingling of those
Updated: 11/02/2011 12:56P
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