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Accounting News Roundup: Corzine Is Out; Freddie Mac Comes Back (for More
and whether it had properly segregated customer funds, lobbied against a Commodity Futures Trading Commission proposal that would have placed tighter restrictions on how futures-trading firms can invest cash sitting in customer trading accounts.
Updated: 11/04/2011 08:27A
Jefferies shares decline, analyst cuts price target
PK) bankruptcy. Jefferies shares were down 3.1 percent at $11.64 in trading before the market opened. KBW analyst Lauren Smith cut her price target on Jefferies to $17 from $22, but maintained an "outperform" rating, citing market panic over a recent
Updated: 11/04/2011 08:26A
Corzine reisgns from MF Global
The brokerage led by the ex-Goldman Sachs chief executive and former New Jersey governor, filed for bankruptcy on Monday after making big bets on the European sovereign debt market. “I have voluntarily offered my resignation to the Board of Directors
Updated: 11/04/2011 08:26A
AP says it has financing to emerge from bankruptcy
MONTVALE — The Great Atlantic & Pacific Tea Co., parent of the A&P supermarket chain, said late Thursday it has assembled $490 million in financing that would enable it to emerge from bankruptcy protections as a private company next year.
Updated: 11/04/2011 08:23A
MF Global CEO resigns under fire
Jon Corzine has resigned as MF Global Holdings Ltd's chairman and chief executive officer four days after the futures brokerage filed for bankruptcy protection, culminating a rapid downfall for one of Wall Street's best-known executives.
Updated: 11/04/2011 08:21A
Jon Corzine steps down as CEO of MF Global
MF Global filed for bankruptcy protection on Monday after its bets on European debt spooked investors and trading partners. The company is under investigation by regulators and the FBI because hundreds of millions disappeared from customer accounts as
Updated: 11/04/2011 08:17A
SEC Said to Conduct Review of Possible Inside Trades of MF Global's Bonds
MF Global, the holding company for the futures broker run by former New Jersey Governor and ex-Goldman Sachs Group Inc. (GS) Co-Chairman Jon Corzine, filed for bankruptcy Oct. 31 after concerns that it may lose money on its holdings of European
Updated: 11/04/2011 08:14A
Bankrupt MF Global Chairman And CEO Jon Corzine Resigns
PK: News ), which filed for Chapter 11 bankruptcy protection on Monday, announced Friday that its Chairman and Chief Executive Officer Jon Corzine has resigned from all positions. Corzine has also confirmed that he will not seek severance payments in
Updated: 11/04/2011 08:14A
Jon Corzine Resigns, Won't Take More Millions From Failing Firm
that allowed MF Global in essence to borrow money from its own customers." Corzine personally fought the regulation, and he won. Along with bowing out from the firm, Corzine has now hired Andrew J. Levander, a prominent criminal defense attorney.
Updated: 11/04/2011 08:12A
ATS AUTOMATION : November 04, 2011 PHOTOWATT FRANCE ENGAGES WORKS COUNCIL
Other options in relation to PWF have been exhausted and given the aforementioned conditions, taking steps towards a bankruptcy filing has become necessary. "Having explored all separation avenues, ATS will support PWF and its employees through a
Updated: 11/04/2011 08:09A
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