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Brokerage head steps down
MF Global chief executive Jon Corzine has stepped down after the brokerage entered Chapter 11 bankruptcy. The company applyed for bankruptcy protection on Monday after revealing £4 billion worth of eurozone debt exposure last week.
Updated: 11/04/2011 02:45P
Rising pro se bankruptcies clog courts, eat staff time
More people are going solo in bankruptcy court these days, and it's gumming up the works. The number of people choosing to file for bankruptcy without an attorney's help almost tripled in the last five years in the US at a time when
Updated: 11/04/2011 02:39P
A&P gets $490 million for reorganization
The agreement is subject to approval of the US Bankruptcy Court for the Southern District of New York. A&P and its subsidiaries filed voluntary Chapter 11 petitions on Dec. 12, 2010. A&P intends to continue to operate its stores normally during the
Updated: 11/04/2011 02:37P
MF Global CEO Jon Corzine quits under fire (Reuters)
(Reuters) – Jon Corzine, one of Wall Street's best-known stars, stepped down as MF Global Holdings Ltd's chairman and chief executive after his bets on European debt drove the futures brokerage into bankruptcy. The departure was announced hours before
Updated: 11/04/2011 02:34P
Dippin' Dots Declares Its Demise
While you never expect the next big chapter of your successful business to be Chapter 7, 11, or 13 bankruptcy, what's happening in these tough times is just that. Unfortunately, on the heels of the demise of Borders Group, Ultimate Electronics and
Updated: 11/04/2011 02:33P
MF Global CEO Jon Corzine quits under fire (NEWS.GNOM.ES)
ES) – Jon Corzine, one of Wall Street's best-known stars, stepped down as MF Global Holdings Ltd's chairman and chief executive after his bets on European debt drove the futures brokerage into bankruptcy. The departure was announced hours before
Updated: 11/04/2011 02:32P
Friday Afternoon Business Brief
The Labor Department says the US economy added 80000 jobs in October. The government also says job growth in the two previous months was much stronger than first thought. The unemployment rate dropped to 9 percent from 9.1 percent, the first decline
Updated: 11/04/2011 02:32P
Insurers' fortunes mixed as Wall Street falls
Wall Street's financial institutions were in the crosshairs this week, as broker-dealer MF Global filed for bankruptcy and Jefferies , the investment bank, suffered heavy selling. Against the backdrop of political chaos in
Updated: 11/04/2011 02:31P
Futures File: A Halloween Trick for Eurocurrency; MF Global files for bankruptcy
The markets were shocked this week by the announced bankruptcy of a major commodities trading firm, MF Global. Under the leadership of former New Jersey governor John Corzine, MF Global purportedly made highly leveraged bets on the debt of European
Updated: 11/04/2011 02:28P
ATS-owned French solar maker plans bankruptcy
TO) said the unit had begun proceedings to file for bankruptcy, blaming a drop in demand and tough competition. Canada's ATS failed to find a buyer for its struggling subsidiary last month against a backdrop of falling prices, squeezed profits and
Updated: 11/04/2011 02:28P
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