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ICE transfers MF Global customers' positions
New York-based MF Global, considered one of the world's top commodities brokers, filed a Chapter 11 petition Monday in the US Bankruptcy Court in its home state, followed Friday by the resignation of the brokerage's CEO, Jon Corzine.
Updated: 11/04/2011 05:31P
Papandreou calls for new coalition government
Greek Prime Minister George Papandreou called on Friday for a new coalition government to approve a bailout deal vital for saving the country from bankruptcy and tackling the euro zone's economic crisis, and signalled he was ready to stand down.
Updated: 11/04/2011 05:29P
Corzine's Downfall
MF Global's bankruptcy has been called, possibly, the first domino in a potential collapse of the European banking system; in this rendering, it's a rough analog to the failure, in the spring of 2008, of Bear Stearns, which presaged the mayhem of
Updated: 11/04/2011 05:28P
Dippin' Dots are Dunzo
The company behind Dippin' Dots -- the gimmicky flash-frozen ice cream mixed with liquid nitrogen and served up as, yup, a bowl filled with ice-cream-like dots -- filed for bankruptcy protection on Thursday. Although the company is headquartered in
Updated: 11/04/2011 05:25P
Measures to protect MF Global Canada Co. customers
4, 2011 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF) announced today that CIPF has obtained a bankruptcy order in Canada for MF Global Canada Co. and that KPMG Inc. has been
Updated: 11/04/2011 05:22P
Syms, Filene's Are Cleared to Use Lenders' Cash Collateral for Bankruptcy
US Bankruptcy Judge Kevin Carey gave the company interim permission to access the cash at a hearing today in Wilmington, Delaware. “Without the use of cash collateral we would have to shut down immediately,” Jay M. Goffman, a lawyer representing the
Updated: 11/04/2011 05:21P
Greek PM calls for coalition, signals he may quit
ATHENS Nov 4 (Reuters) - Greek Prime Minister George Papandreou called on Friday for a new coalition government to approve a bailout deal vital for saving the country from bankruptcy and tackling the euro zone's economic crisis, and signalled he was
Updated: 11/04/2011 05:17P
Never-ending asbestos quagmire
An emerging set of problems relates to the activities of the asbestos bankruptcy trusts established under § 524(g) of the bankruptcy code. These trusts, which have a total capitalization of more than $30 billion, were established by companies forced
Updated: 11/04/2011 05:14P
Bankruptcy order obtained for MF Global Canada
The Canadian Investor Protection Fund has obtained a bankruptcy order for MF Global Canada Co. KPMG Inc. has been appointed trustee in bankruptcy. “The order is designed to ensure the fair and orderly management of customer accounts and the financial
Updated: 11/04/2011 05:13P
Big money still flowed to politically connected donors while Solyndra sunk
(AP Photo/Paul Sakuma) When solar company Solyndra was spiraling into to bankruptcy, the Department of Energy paid a firm with heavy Democratic connections to analyze a potential bail out of the company — all while Solyndra execs continued to receive
Updated: 11/04/2011 05:10P
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