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Filene's Basement seeks bankruptcy protection
AP NEW YORK, NY—Discount retailer Syms Corp. and its subsidiary Filene's Basement have filed for bankruptcy protection and plan to close all 46 of their stores. Syms acquired Filene's Basement out of bankruptcy protection in the spring of 2009 for
Updated: 11/02/2011 03:15P
US regulators have been monitoring MF Global for months
FINRA, which regulates the securities-brokerage arm of MF Global, opened dialogue with the company about whether it was appropriate for it to use Generally Accepted Accounting Principles (GAAP) to park the exposure off balance sheet.
Updated: 11/02/2011 03:12P
Solyndra's best seller: 18 T-shirts
Not many bargains were to be had at Solyndra's bankruptcy auction here Wednesday. The heat guns were $100, about the same as they cost retail. Solyndra T-shirts went for $18 each. Microwave ovens for $90. Continue Reading Text Size - + reset But the
Updated: 11/02/2011 03:11P
Chrysler, Faurecia and 'Superplug' among SPE auto award winners
2, 3:55 pm ET) -- Chrysler Group LLC was just recovering from the double blow of the 2008 recession and its own bankruptcy when it was faced with some hard facts about its future products. The Auburn Hills, Mich.-based automaker knew it needed to
Updated: 11/02/2011 03:11P
MF Global bankruptcy an 'isolated case': Bernanke
MF Global filed for bankruptcy earlier this week after confidence in the company was shattered by a string of losses from European public debt holdings. The firm filed for Chapter 11 bankruptcy protection in a New York bankruptcy court on Monday,
Updated: 11/02/2011 03:09P
Top Manhattan commercial agents in October
In another bankruptcy proceeding, Eastdil Secured brokers Doug Harmon and Adam Spies represented the bankruptcy court in the sale of 1107 Broadway to the Witkoff Group. Meanwhile, Stacom and Shanahan of CBRE represented Barclays Capital Real Estate in
Updated: 11/02/2011 03:08P
Senators' USPS plan cuts staff, refunds FERS overpayments
He said the committee next week would take up the proposal, which also would continue six-day mail delivery for at least two more years, overhaul workers' compensation eligibility rules and allow the Postal Service to negotiate a new health insurance
Updated: 11/02/2011 03:08P
EXCLUSIVE UPDATE: CBS 21 sits down with Harrisburg Bankruptcy Attorney
Aside from Constitutional and Statuette issues with the bankruptcy law, Schwartz also takes issue with the language of the bill. He says it doesn't stop Harrisburg from filing for bankruptcy. All it says is that if the city does, it will lose state
Updated: 11/02/2011 03:08P
Obama campaign may return funds from MF Global's Corzine
"Politicians, like business people, are risk averse," said Jim Kessler, a policy analyst at the Democratic-leaning think tank Third Way. "Until people know more of what is going on they will distance themselves from Jon Corzine.
Updated: 11/02/2011 03:06P
Deutsche Brse Completes Wind-Down of MF Global's U.K. Arm
NEW YORK—The bankruptcy trustee overseeing the liquidation of MF Global Holdings Ltd.'s broker-dealer operations in the US said he has filed an emergency motion with the court to approve the transfer of some customer
Updated: 11/02/2011 03:06P