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Ellison, Broad May Consider Buying Dodgers; Fox Said to Be Weighing Offer
The Dodgers filed for bankruptcy protection four months ago after baseball Commissioner Bud Selig rejected a 17-year broadcast contract with Fox Sports, a deal valued by McCourt at $3 billion. While the notoriety generated by the sale of what former
Updated: 11/02/2011 02:42P
After 3 years, Vallejo emerges from bankruptcy
A federal judge released the historic Northern California town from bankruptcy Tuesday, putting an end to Vallejo's three-year bout as one of the nation's first and largest bankrupt cities. Located about 30 miles northeast of San Francisco,
Updated: 11/02/2011 02:40P
LA Dodgers dispute at the bottom of the ninth
The Dodgers, one of the sport's biggest franchises, was placed in bankruptcy protection this summer and has been the subject of an ugly battle between Mr McCourt and Major League Baseball, which has tried to remove him as owner.
Updated: 11/02/2011 02:40P
Lehman Brokerage Fight Points to MF Global Future
In a Monday filing with the US Bankruptcy Court in Manhattan, LBI Europe called some of the trustee's accounting "not an accurate determination of LBI's books and records," and asked a judge to overturn the trustee's decision approving just $8.3
Updated: 11/02/2011 02:38P
Filene's Basement files for Chapter 11
2 (UPI) -- Discount department store Filene's Basement filed papers in Delaware Wednesday seeking Chapter 11 bankruptcy protection, court papers show. Chief Executive Officer Mary Syms said the stores could not survive the "worst economic downturn in
Updated: 11/02/2011 02:37P
Beacon Power Hits a Speed Bump with Bankruptcy Filing
Flywheel energy storage developer Beacon Power filed for bankruptcy last weekend, prompting immediate comparisons to infamously failed solar manufacturer Solyndra. But while both firms used millions of dollars in federal loan guarantees to expand their
Updated: 11/02/2011 02:33P
McCourt agrees to sell LA Dodgers
Major League Baseball and Los Angeles Dodgers owner Frank McCourt agreed on a deal that will see the embattled businessman sell the legendary club to avoid a showdown in US bankruptcy court. McCourt had tried several moves to keep control of the team
Updated: 11/02/2011 02:30P
MF Customers May Wait Years for Cash If Firm Sued, Grede Says
The money customers had with MF Global to back futures trades as margin and any free cash in the account has been snared in the bankruptcy proceedings, Grede said. MF Global Chief Executive Officer Jon Corzine, 64, increased risk-taking at the firm as
Updated: 11/02/2011 02:28P
Swiss judge rejects Xamax bankruptcy request
Swiss league side Neuchatel Xamax were celebrating Wednesday after a judge refused a creditor's request to force the club into bankruptcy. Swiss lawyer Ralph Isenegger lodged the request on behalf of a player's agent who claims to be owed 400000 Swiss
Updated: 11/02/2011 02:27P
Dubai unit unaffected
Shares of MF Global Holdings Ltd, which had reported $41 billion in assets at the end of September, tumbled in its first day of over the counter trading after the brokerage filed for bankruptcy, prompting the New York Stock Exchange to delist the
Updated: 11/02/2011 02:25P
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