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$600 million missing at MF Global
This past weekend, executives at MF Global had been scrambling to sell the firm to Interactive Brokers, but the missing money scuttled the deal and forced it into bankruptcy, regulators said this week. On Tuesday, Craig Donohue, CEO of CME Group (CME),
Updated: 11/02/2011 06:17P
MF Global collapse 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 06:17P
Solyndra Bankruptcy: Obama Administration Considered Bailout
House subcommittee is set to vote on a plan to subpoena White House documents related to the defunct solar company, Solyndra Inc. The company received a $528 million federal loan before filing for bankruptcy protection and laying off 1100 workers.
Updated: 11/02/2011 06:16P
Solyndra's Welcome-Obama Banner Auctioned
Assorted computers sit on display to be auctioned off at the Solyndra LLC building in Fremont, California Nov. 2. Solyndra filed for bankruptcy protection on Sept. 6, days after shutting down its
Updated: 11/02/2011 06:15P
Regulators say Corzine's investment firm tried to hide millions in transfers
MF Global filed for bankruptcy protection Monday after a disastrous bet on European debt. It was the eighth-biggest US bankruptcy and the first major Wall Street firm to fail because of bets on European debt. New Jersey Gov.
Updated: 11/02/2011 06:12P
McCourt, MLB agree on process to sell Los Angeles Dodgers
The announcement came as the Dodgers and MLB were headed toward a showdown in US Bankruptcy Court in Delaware at the end of the month as mediation between both sides was ongoing. McCourt and baseball Commissioner Bud Selig have traded barbs since MLB
Updated: 11/02/2011 06:11P
Dodgers headed to bankruptcy court auction
Real estate companies may join in, given the land the Dodgers own in Chavez Ravine that potentially could be developed. Massive amounts of bank financing will have to be arranged. "And you've got plenty of FOBs interested in the Dodgers,'' Ganis said,
Updated: 11/02/2011 05:48P
Judge hears motions in Beacon Power bankruptcy
A Massachusetts company that received a $39 million Department of Energy loan before declaring bankruptcy is asking a Delaware judge for permission to use collateral for the loan to help pay its operating expenses. Beacon Power Corp., which makes
Updated: 11/02/2011 05:37P
Filene's Basement to close all four local stores
(Tannen Maury - Bloomberg) bankruptcy in 2009, but has not been able to revive the chain. The company announced Wednesday that it is filing for bankruptcy and plans to close all 46 of its stores, including four in the Washington area.
Updated: 11/02/2011 05:36P
Filene's Basement files for bankruptcy
The company has 25 Syms stores and 21 Filene's Basement locations. The company plans to conduct going-out-of-business sales before Black Friday, the beginning of the US holiday shopping season, according to court papers. Black Friday, the day after the
Updated: 11/02/2011 05:35P
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