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CME transfers $410 million clearing-held collateral
CME Clearing continues to hold MF Global proprietary and customer collateral that will be distributed upon instructions from the Trustee and the bankruptcy court. CME Group expects transfers for additional accounts at CME and the other exchanges and
Updated: 11/04/2011 11:24A
Corzine Resigns From MF Global; 'Poster Child Of Times?'
As NPR's Zoe Chace has reported, "the company, at Corzine's urging, made big investments in European sovereign debt. Those bets turned out to be losers." After the bankruptcy filing, as The New York Times reported, word emerged that regulators had
Updated: 11/04/2011 11:21A
Bankruptcy – discharge – taxes — credit cards
United States Bankruptcy Court Civil Bankruptcy – discharge – taxes -- credit cards Where a bank paid a corporation's payroll taxes from an account that lacked funds, the sole shareholder of the corporation cannot discharge amounts paid to the
Updated: 11/04/2011 11:20A
The Philadelphia Inquirer PhillyInc column
In my case, word Wednesday that the discount retailer Syms Corp. had filed for bankruptcy -- and intends to close forever -- hit my closet. Half of the dozen suits or sportcoats that I own have come from Syms over the years. Most of the rest came from
Updated: 11/04/2011 11:15A
Dippin' Dots, Futuristic Ice Cream-Maker, Files for Bankruptcy
The Wall Street Journal is reporting that Dippin' Dots, the pelletized ice cream company, has filed for Chapter 11. This summer, I profiled Curt Jones, the founder and chief executive of Dippin' Dots, who founded the company after
Updated: 11/04/2011 11:14A
Hospital president, doc owners sued for keeping $8M to file bankruptcy
FierceHealthcare is the leading source of healthcare management news for healthcare industry executives. Join 50000+ healthcare industry insiders who get FierceHealthcare via daily email. Sign up today! The former operator of Indiana's first
Updated: 11/04/2011 11:12A
Corzine resigns as CEO of MF Global
The news comes after MF Global filed for bankruptcy protection Monday. Federal regulators said this week that $633 million was missing from MF Global's books. Corzine released a statement Friday morning saying his decision to resign was difficult,
Updated: 11/04/2011 11:11A
Solyndra Executive Bonuses Weren't Necessarily Abusive
Yesterday my twitter feed lit up with the information that Solyndra executives had collected sizeable bonuses as the company teetered on the edge of bankruptcy. Conservatives were predictably making hay of the episode,
Updated: 11/04/2011 11:11A
Bulgarian Railways to Fire 2500 Workers to Meet Loan Conditions
The Bulgarian State Railways EAD will lay off 2500 workers this year to meet the requirements of a World Bank loan designed to help stave off bankruptcy. The indebted state railway company needs
Updated: 11/04/2011 11:05A
US Regulators Dig in at MF Global in Money Pursuit
MF Global filed for bankruptcy on Monday [Oct. 31] after risky bets on European debt scared away clients and investors. Mr. Corzine on Friday resigned as MF Global's chairman and chief executive. "We will look at every aspect of how the firm conducted
Updated: 11/04/2011 11:04A
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