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KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com | House panel
The Fremont, Calif., company received a $528 million federal loan before filing for bankruptcy protection in September and laying off 1100 workers. A vote on subpoenas for White House Chief of Staff William Daley and Bruce Reed, chief of staff to Vice
Updated: 11/03/2011 09:47A
DERIVATIVES: MF Global shortfall not on deposit with CME
After the bankruptcy of MF Global Holdings and its clearing arm MF Global Finance USA, CME Clearing said the apparent shortfall in MF Global's customer segregated funds was not on deposit with them. The futures commission merchant and broker-dealer is
Updated: 11/03/2011 09:42A
Restaurants with Good Earings on the Menu (RUTH, DENN & RT)
With the recent bankruptcy filing of Friendly Ice Cream Corp. and the shakeout in the restaurant industry due to sluggish economic growth in the US, companies such as Denny's Corporation (NASDAQ: DENN), Ruby Tuesday's Inc (NYSE: RT)
Updated: 11/03/2011 09:41A
Quoted: on the appeal of Solyndra's bankruptcy auction
Mary Mendy, referring to husband John Mendy, of Fremont, as the couple hunted for bankruptcy treasure at the Solyndra auction Wednesday. According to Politico, John Mendy wore a Napster hat as he bought things such as T-shirts with Solyndra's logo on
Updated: 11/03/2011 09:39A
CRAWFORD & COMPANY : The Garden City Group, Inc. (GCG) Acquires Settlement
GCG has been named Best Claims Administrator by the New York Law Journal for two years in a row. The firm has been engaged in many high-profile distribution matters, including the General Motors bankruptcy, the $6.05 billion WorldCom settlement,
Updated: 11/03/2011 09:37A
MF Global short $633 million, says CFTC
SIPC announced today that it is initiating the liquidation of MF Global under the Securities Investor Protection Act (SIPA).” While regulators began structuring the bankruptcy process, 150000 customer accounts were frozen, including 50000 commodities
Updated: 11/03/2011 09:36A
Foreclosures, bankruptcies still battering home sales
In part, rising foreclosures can be attributed to a fading stigma associated with filing for bankruptcy or defaulting on a mortgage, other experts at the forum said. Some of that is a result of borrowers these days typically not knowing their lender
Updated: 11/03/2011 09:23A
AgDay Daily Recap - November3, 2011
The financial industry is still feeling the fall-out from Monday's news that MF Global filed for chapter eleven bankruptcy. MF Global is a major commodities trader. It was revealed Monday that MF Global held large positions in Europe's debt.
Updated: 11/03/2011 09:15A
What Filene's Basement's Closing Means for New York
Yesterday, Filene's Basement announced that it has filed for bankruptcy and will be closing all of its stores. Filene's has been in trouble for a while: This is its third waltz with Chapter 11 in the past decade or so. Back in 2009, Syms tried to
Updated: 11/03/2011 09:14A
The Daily Docket: Lehman Europe Angered By Trustee
Read the Daily Bankruptcy Review article here. According to The Wall Street Journal, the Securities and Exchange Commission started investigating whether MF Global and its chief executive, Jon S. Corzine, made deceptive statements about the bet that
Updated: 11/03/2011 09:14A
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