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Fanotech facing financial woes
Creditors with Fanotech Enviro Inc. received notice Oct. 27 from BDO Canada Ltd. that the company, which operates a plant in Bracebridge, has filed an official Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act. The
Updated: 11/02/2011 02:25P
Pacific Ethanol On A String Of Positive News Is Poised To Go Higher
The bankruptcy resulted in the elimination of $290 million of the company's debt and other liabilities while transferring ownership of the ethanol plants to a newly formed holding company, with PEIX continuing to staff, manage and operate the plants
Updated: 11/02/2011 02:20P
Syms, Filene's unit seek bankruptcy protection
Syms and Filene's will be jointly administered during the bankruptcy. The companies are seeking court approval to hire someone to handle the merchandise liquidation and for approval to conduct going out of business sales.
Updated: 11/02/2011 02:17P
Corn, soybean prices end mixed
DES MOINES, Iowa (Agriculture.com)--Uncertainty with the world economies and the bankruptcy of the brokerage firm MF Global, resulted in a light volume and lower closing corn, soybean and wheat markets Wednesday. The Dec. corn futures settled 9 1/4
Updated: 11/02/2011 02:10P
BERNANKE PUSHES THE BLAME ONTO THE REGULATORS FOR MF GLOBAL: "We Are Not the
A reporter inquired about MF Global's inclusion on the New York Federal Reserve's primary dealers list and the possibly effects of the company's bankruptcy. Bernanke said MF Global was added to the NY Fed's list of primary dealers in February of 2010
Updated: 11/02/2011 02:05P
Colleagues Say Corzine Was Instrumental in MF Global's Collapse
In a series of new reports on MF Global's bankruptcy, Jon Corzine's colleagues are attesting to the former New Jersey governor's deep involvement crafting the strategy that lead to the firm's collapse. Former associates say the former CEO of Goldman
Updated: 11/02/2011 02:05P
Should these stories have been in the newspaper?
The newspaper where I worked at the time was told of the second impending bankruptcy hearing and, I suppose since I have banking experience, I was chosen to cover it. The hearing was in Toronto. Unless creditors agree to let you remain, a reporter can
Updated: 11/02/2011 02:03P
Filenes Basement Closing
Syms filed for Chapter 11 bankruptcy protection Wednesday and said it would shut down all of its stores by the end of January 2012. "This has been a challenging time for Syms and Filene's Basement," said Marcy Syms, CEO of Syms Corp, in a prepared
Updated: 11/02/2011 02:02P
Most Businesses Suffer from Unseasonable Storm; Select Few Thrive
In the same way that a bad economy can present a positive climate for some industries (financial planning, bankruptcy law...psycho-pharmaceuticals?), last week's storm was detramental to most local business owners—and hugely
Updated: 11/02/2011 01:56P
Filene's Basement to Close All Stores
Filene's Basement filed for bankruptcy protection Wednesday and plans to close all 46 of its stores. Filene's has two locations in Illinois, both in Chicago, at 830 N. Michigan Avenue and 1 North State Street. Filene's Basement's parent company, Syms,
Updated: 11/02/2011 01:54P
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