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Dorman Trading COO Confirms Will Receive Bulk Transfer Of MF Accounts
NEW YORK (Dow Jones)--Chicago-based Dorman Trading will receive a bulk transfer of business from failed broker-dealer MF Global Holdings Ltd. (MF), the company's chief operating officer confirmed Thursday. On Wednesday, a bankruptcy judge approved the
Updated: 11/03/2011 12:41P
Kodak survival depends on patent sale or new debt
Speculation that Kodak was on the verge of filing for bankruptcy flared at the end of September after the company hired restructuring specialist Jones Day. Kodak has denied that it plans to file for bankruptcy, but gave a stark warning on Thursday
Updated: 11/03/2011 12:39P
Syms, Filene's Basement file for bankruptcy, plan to liquidate
Secaucus, NJ -- Syms Corp. and its Filene's Basement subsidiary said Wednesday that they have filed for Chapter 11 bankruptcy and will liquidate all stores and assets over the coming several months. Syms acquired the century-old Filene's out of
Updated: 11/03/2011 12:39P
Morgan Keegan Bidders Said to Cut Offers in Wake of MF Global
Regions has indicated it plans to collect a $250 million dividend from Morgan Keegan prior to any sale, increasing its total proceeds from the business, the people said. --With assistance from Laura Marcinek in New York.
Updated: 11/03/2011 12:36P
Who Do You Trust With Your Money? - MF Global or Bank of America: Poll
PK) bankruptcy on Monday and ensuing questions about missing client money, they may find that too- small- to- survive firms are not such a great alternative either. MF Global's bankruptcy in and of itself has not posed a systemic risk to the market,
Updated: 11/03/2011 12:34P
Homeless crocodiles
3 (UPI) -- The bankruptcy of a Swedish zoo has left three endangered crocodiles homeless and at the center of a desperate effort to find a home for them, officials say. "We can't put them down, they're endangered," said Peter Rimo,
Updated: 11/03/2011 12:32P
Hooters Hotel's owners aim to extend exclusivity period
At a hearing on that date, the current owner will ask a US Bankruptcy Court judge for an extension of its exclusivity period, due to expire at the end of the day. Under bankruptcy law, the only the incumbent ownership of a company in Chapter 11 can
Updated: 11/03/2011 12:31P
Lender aims to liquidate developer of Gloucester retirement communtiy
The owner of a troubled $5 million construction loan has petitioned a bankruptcy court judge to liquidate the development company behind a 25-acre retirement community in Gloucester. An affiliate of Restoration Capital, a Stow-based buyer and manager
Updated: 11/03/2011 12:29P
Reorg. Plan OK'd; Local Firm to Control Perkins
A restructuring plan that just received bankruptcy court approval will give majority control of Perkins & Marie Callender's, Inc., to Wayzata Investment Partners. Perkins & Marie Callender's, Inc.—which operates restaurants of the same names—said
Updated: 11/03/2011 12:28P
Greek PM backs away from referendum plan
Papandreou said the government is willing to ratify and implement a bailout deal aimed at staving off bankruptcy if the opposition is willing to negotiate, according to a BBC translation of his speech. He also said that he would invite opposition
Updated: 11/03/2011 12:27P
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