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Corzine's lack of internal controls at MF Global gets exposed with missing money
MF Global Holdings Ltd.'s bankruptcy, the eighth-largest in US history, is exposing a lack of internal controls that may have prevented a last-minute rescue of Jon Corzine's futures broker. The day it filed for Chapter 11 protection, New York-based MF
Updated: 11/02/2011 07:55P
4RD LEAD: Greek aid on stand-by as EU-IMF fume over referendum plan
Cannes, France - Greece's lifeline against bankruptcy was put on stand-by late on Wednesday, as the European Union and the International Monetary Fund (IMF) fumed at Athens' plans to hold a referendum on the
Updated: 11/02/2011 07:45P
MF Global may have moved funds in final days (Reuters)
(Reuters) – In its final days before descending into bankruptcy, Jon Corzine's MF Global Holdings may have transferred customer funds to avoid detection by authorities, the top regulator of the firm said on Wednesday. MF Global, the futures brokerage
Updated: 11/02/2011 07:42P
MF Global trustee to begin transferring customer accounts
NEW YORK: The trustee in charge of liquidating MF Global's brokerage business can begin transferring certain customer accounts to rival brokers, a judge ruled on Wednesday. Judge Martin Glenn gave trustee James Giddens the go-ahead to find willing
Updated: 11/02/2011 07:39P
Dodgers headed to bankruptcy court auction with expected US$1 billion sale price
Just days before the team was expected to miss payroll, the Dodgers filed for bankruptcy protection in late June. The move came after Selig refused to approve a 17-year-old agreement between the Dodgers' and Fox's Prime Ticket subsidiary that would
Updated: 11/02/2011 07:37P
Skadden Steps Up For Liquidation of Syms and Filene's Basement
Both companies, which also cited increased competition from large department store chains, plan to liquidate their assets and inventory under a bankruptcy plan that should allow for some recovery for shareholders. Skadden, Arps, Slate, Meagher & Flom
Updated: 11/02/2011 07:36P
Syms and Filene's Basement File for Bankruptcy Protection
By AP The discount retailer Syms 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, also a discount retailer, out of bankruptcy protection in the spring
Updated: 11/02/2011 07:35P
Syms, Filene's Basement File For Bankruptcy, Plan To Close All 46 Stores
( ERIC FEFERBERG/AFP/Getty Images) NEW YORK (AP/CBSNewYork) - 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
Updated: 11/02/2011 07:35P
Regulators Enter the MF Fray
At a bankruptcy-court hearing Tuesday, a lawyer for the CFTC said there is a $600 million discrepancy in the New York company's books. While the size of the discrepancy is smaller than the roughly $900 million number that emerged just before MF Global
Updated: 11/02/2011 07:34P
Fascism in America
President George W. Bush borrowed money in your name and bailed out the insurance company AIG, General Motors and Chrysler before they went bankrupt, and hundreds of banks. President Obama has received legal authority from Congress to bail out or even
Updated: 11/02/2011 07:32P
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