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Corzine expected to soon leave JC Flowers: source
NEW YORK (Reuters) - MF Global Holdings Ltd Chief Executive Jon Corzine is expected to soon leave from his position at JC Flowers, a source close to the private equity firm said on Thursday. MF Global filed for bankruptcy protection on Monday after
Updated: 11/03/2011 01:01P
Running of the Brides sale officially ends
I was sad to learn that the epic bridal gown sale known as “Running of the Brides” is coming to an end as Filene's Basement and its parent company Syms Corp., file for bankruptcy. Having covered the event for the past two years for the Sun Sentinel,
Updated: 11/03/2011 01:00P
US stocks climb despite Greek insecurity
Shares in Abercrombie & Fitch tumbled by more than 20 per cent in the morning session on Thursday after the clothing store chain reported slowing growth in European same-store sales. Some flagship stores on the continent saw
Updated: 11/03/2011 01:00P
MF Global Ignored Warnings, Couldn't Match Shoes
(Newser) – Those interested in the bankruptcy of MF Global—the biggest Wall Street collapse since Lehman—will be fascinated and maybe a little depressed to read the New York Times' look at what went wrong.
Updated: 11/03/2011 12:59P
Bankruptcy court approves Open Range auction
Open Range, which operates a wireless broadband network, has secured a "stalking horse" agreement in which Minnesota-based Internet service provider totheHome.com will submit the opening bid of $2 million. The deal calls for Open Range to pay a
Updated: 11/03/2011 12:58P
Kodak misses the moment
Facing rumoured bankruptcy, dwindling workforce of US camera-film pioneer fear benefits cuts as cost-saving measure. Though they pioneered the technology in the 1970s, Kodak, one of the most well-known US companies of the 20th century, is now facing
Updated: 11/03/2011 12:57P
Cornered Papandreou ditches referendum plan
Fighting for his political survival, Greek Prime Minister George Papandreou abandoned tonight (3 November) his idea for a referendum on the hard-fought deal by eurozone leaders to save his country from bankruptcy. EurActiv Greece contributed to this
Updated: 11/03/2011 12:57P
Stocks climb on ECB rate cut
Investors fled many retail stocks after many October same-store sales reports came in lower than expected. Abercrombie's stock dropped roughly 21%. Shares of Qualcomm climbed after the chipmaker issued a better-than-expected sales forecast for fiscal
Updated: 11/03/2011 12:55P
PwC faces legal challenge from Cattles
Cattles, the subprime lender that was almost forced into bankruptcy by accounting irregularities, is preparing to claim damages from PwC by alleging failings in the way that it audited Cattles' accounts.
Updated: 11/03/2011 12:46P
Jefferies Defends Against Market Scrutiny Of Euro Debt Holdings
This week's bankruptcy filing of MF Global has sent tremors through the brokerage community this week, and the market appears to be narrowing its focus to Jefferies. Shares of the firm have been under pressure this week — a steep fall Thursday morning
Updated: 11/03/2011 12:42P
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