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Papandreou wins confidence vote
Earlier, sources said Finance Minister Evangelos Venizelos had won the backing of leaders of some smaller parties to support a new coalition that he would head. The new government would force the euro zone bailout deal through parliament before calling
Updated: 11/04/2011 06:05P
MF Global CEO Jon Corzine quits as big bet fails (NEWS.GNOM.ES)
“It is inconceivable to me he would do this after Refco,” he added, referring to a brokerage that failed in a 2005 accounting scandal. MF Global's problems this week triggered steep declines in stocks of other financial companies, such as Morgan
Updated: 11/04/2011 06:03P
Osorio's Star Island estate sells for $12.7 million at bankruptcy auction
The one-acre Star Island estate of embattled businessman Claudio Osorio sold for $12.7 million at auction, but his bankruptcy case is still not over. BY JAY WEAVER The Star Island estate of embattled businessman Claudio Osorio sold for $12.7 million,
Updated: 11/04/2011 06:03P
MF Global CEO Jon Corzine quits as big bet fails
"It is inconceivable to me he would do this after Refco," he added, referring to a brokerage that failed in a 2005 accounting scandal. MF Global's problems this week triggered steep declines in stocks of other financial companies, such as Morgan
Updated: 11/04/2011 06:01P
Greek PM calls for coalition, signals may quit
Earlier, sources said Finance Minister Evangelos Venizelos has won the backing of leaders of some smaller parties to support a new coalition that he would head. The new government would force the euro zone bailout deal through parliament before calling
Updated: 11/04/2011 06:01P
MF Global seen struggling to secure bankruptcy loan
In bankruptcy, that funding usually comes in the form of a third-party loan, known as a debtor-in-possession loan, or DIP. An attorney for MF Global, Ken Ziman, told a hearing on Tuesday that the company is trying to negotiate a DIP, that may be easier
Updated: 11/04/2011 05:57P
Syms, Filene's Win Approval to Use Lenders' Cash Collateral
The company will seek court approval of an agreement with a joint venture of Gordon Brothers Retail Partners LLC and Hilco Merchant Resources LLC to conduct going-out-of-business sales at a hearing scheduled for Nov. 15. Syms wants the sales to start
Updated: 11/04/2011 05:56P
Scenes from MF Global's Collapse: Farewell Emails and Stuck Wool Trades
Over the past two days, Marcus said, a steady stream of emails has arrived from MF Global staff, saying farewell and holding out hope that their teams might jump to other firms. “I pray I can get help those guys and gals find jobs elsewhere in the
Updated: 11/04/2011 05:55P
Embattled Greek PM calls for unity
Earlier, sources said finance minister Evangelos Venizelos had won the backing of leaders of some smaller parties to support a new coalition that he would head. The new government would force the eurozone bailout deal through parliament before calling
Updated: 11/04/2011 05:55P
Fears for families left in debt alone
Although the total number of corporate insolvencies has climbed slightly in 2011, it remains low compared with liquidations in 1992, says Frances Coulson, president at the Association of Business Recovery Professionals. Between July and September,
Updated: 11/04/2011 05:51P
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