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The Failure of Another Franchisor - Comments
Friendly's bankruptcy allows Sun Capital to evolve the business model into a pure play franchising company. It's more lucrative to use other people's money in a mature franchise system. Reuters reports: Sun Capital likely
Updated: 11/04/2011 11:51A
One Serious Buyer Identified For MF Global Metals Team -Sources
LONDON (Dow Jones)--The metals trading team of MF Global has a white knight buyer lined up following the bankruptcy filing of its parent, with Macquarie Group Ltd. (MQG.AU) tipped as the possible purchaser, people familiar with the
Updated: 11/04/2011 11:50A
MF Global Trustee Can Probe, Not Share Information, Judge Says
US Bankruptcy court judge Martin Glenn said management's involvement in the comingling of customer accounts should be probed without interference from the parent company. Glenn said the investigators could share information with the Securities and
Updated: 11/04/2011 11:49A
Jon Corzine Quits MF Global -- But Why?
With the company having declared bankruptcy and with scrutiny coming from all angles, we wouldn't want to be at MF's helm either. But why would Corzine actually come out and quit? We've got some thoughts. As a part of resigning, it means he'll forgo
Updated: 11/04/2011 11:49A
Lenny Dykstra and Jose Canseco to Compete in Almost Unbelievable Collision of
In addition, his Wikipedia page also notes that Dykstra "faces up to 80 years in prison if convicted of all charges relating to embezzlement, obstruction of justice, bankruptcy fraud, making false statements to bankruptcy court, and concealing property
Updated: 11/04/2011 11:45A
Trucker YRC Down 14% On Losses; Stifel Upgrades
Losses doubled in the third quarter for YRC Worldwide (YRCW), the trucking company undergoing a restructuring to avoid bankruptcy. The stock closed at 6 cents on Thursday. On Friday, the shares were down 0.0083 cents, or 14%,
Updated: 11/04/2011 11:45A
10-Q: ADELPHIA RECOVERY TRUST
Adelphia and certain of its subsidiaries filed for Chapter 11 bankruptcy protection in June 2002. During the bankruptcy, on July 31, 2006 the assets of Adelphia were sold for a combination of cash and stock in Time Warner Cable, Inc. ("TWC").
Updated: 11/04/2011 11:43A
Las Vegas Mob Experience Developer Vindicated By Court Report
Several months after Bloom's prediction, Ventre did just that, a few weeks ago entering the company into a questionable bankruptcy together with a prepackaged plan that provides creditors in a best case scenario a mere two cents on the dollar on their
Updated: 11/04/2011 11:42A
Trucker YRC Down 14% On Losses; Stifel Upgrade
Losses doubled in the third quarter for YRC Worldwide (YRCW), the trucking company undergoing a restructuring to avoid bankruptcy. The stock closed at 6 cents on Thursday. On Friday, the shares were down 0.0083 cents, or 14%,
Updated: 11/04/2011 11:41A
MERS Mortgage Company Hit with Lawsuit
Many Americans who are faced with foreclosure proceedings turn to Chapter 13 bankruptcy, which may prevent or delay the foreclosure process thanks to the legal protection known as the automatic stay.
Updated: 11/04/2011 11:40A
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