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FBI May Probe Corzine Firm
Later, the New York Stock Exchange announced that the company, which filed for Chapter 11 bankruptcy protection on Monday, is "no longer suitable for listing," in part because of bankruptcy and credit-rating downgrades. The company will begin trading
Updated: 11/02/2011 01:52P
MF Global Accounts Leaves Distress Clients Scrambling
MF Global Holdings (NYSE:MF) failed to protect customer accounts by keeping them separate from its own funds, according to a top US exchange regulator, another shock for commodity markets scrambling to contain fallout from the brokerage's bankruptcy.
Updated: 11/02/2011 01:52P
MF Global Customers May Wait Years for Money Back If Firm Sued, Grede Says
(Source: Bloomberg) MF Global Holdings Ltd. (MF) customers may have to wait years to get their money back if the futures broker is sued, according to Frederick Grede, the liquidation trustee overseeing the bankruptcy of Sentinel Management Group Inc.
Updated: 11/02/2011 01:47P
MF Global Trustee Talks With Brokers Over Customer Accounts
The broker-dealer's move to bankruptcy court follows a filing by its parent MF Global Holdings Ltd., which listed assets of $41 billion, making it the eighth-biggest US bankruptcy. Most of the assets are in the brokerage unit, Ziman, the MF Global
Updated: 11/02/2011 01:47P
Filene's packs it in
for bankruptcy here for the third and final time, announcing it will liquidate its stores along with apparel discounter Syms, which bought Filene's out of bankruptcy a little over two years ago in partnership with realty/investment firm Vornado.
Updated: 11/02/2011 01:47P
Milwaukee Archdiocese says pension recipients being paid on time
At the beginning of the year, the Milwaukee Archdiocese filed a petition for a Chapter 11 reorganization of its financial affairs under the US Bankruptcy Code. In a Jan. 4 statement announcing the filing, the archbishop said Chapter 11 reorganization
Updated: 11/02/2011 01:46P
Christie empathetic toward Corzine, MF Global investors
Jon Corzine, and the investors of MF Global, the Corzine-led securities firm that filed for bankruptcy protection Monday. Christie said Wednesday it must be tough for someone as competitive as Corzine to be confronted with a failed business venture.
Updated: 11/02/2011 01:45P
Shaken and stirred: Vitro's bondholder face-off tests Mexico's bankruptcy law
On Tuesday, a group of Vitro's creditors rejected a proposal to restructure almost $1.5bn in debt barely hours after a bankruptcy court-appointed mediator made the offer. The face-off is a tough test of Mexico's new bankruptcy laws,
Updated: 11/02/2011 01:45P
Sorry Brides, Bargain Hunters: Filene's Basement Has Filed for Bankruptcy and
It looks like the world might be ending in 2012 after all: Filene's Basement has filed for bankruptcy, and will be closing all stores early next year. Boston.com's Business Updates reports that Filene's "has filed for bankruptcy protection for the
Updated: 11/02/2011 01:44P
Bargain Basement Goes Under
Filene's Basement and parent Syms Corp. filed for Chapter 11 bankruptcy Wednesday with plans to immediately start holding going-out-of-business at their 46 stores. The liquidation means the death of two companies that for decades have offered designer
Updated: 11/02/2011 01:41P
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