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You Won't Believe How MF Global Screwed Their Clients In Their Final Days
Image: AP It appears that 10 days ago, with speculation swirling that the Jon Corzine-led firm would soon file for bankruptcy, a good number of customers started to put in requests to pull their money from the New York-based outfit.
Updated: 11/05/2011 09:08P
Editor-in-Chief: Mir Shakil-ur-Rahman
ISLAMABAD: Over 300000 flood-hit people are still residing in 800 camps established in various areas of Sindh. A spokesman for the National Disaster Management Authority (NDMA) said in a statement on Saturday that there was a marked improvement in a
Updated: 11/05/2011 07:39P
Business digest
“It looks like global economic fears and Europe's debt crisis are taking a toll on Canadian business confidence and hiring intentions,” said Sal Guatieri, senior economist at BMO Capital Markets. Breaking with a recent trend, Canada's job report was
Updated: 11/05/2011 07:30P
Dippin' Dots files for Chapter 11 bankruptcy protection
Dippin' Dots, the futuristic ice cream company, signed on the dotted line Friday for Chapter 11 bankruptcy protection in US Bankruptcy Court in Paducah, KY. The manufacturer of the colorful ice cream beads, frozen using liquid nitrogen,
Updated: 11/05/2011 07:08P
Eurozone crisis: how grim would bankruptcy be for Greece?
In Argentina's case, defaulting on $93bn of foreign debt – the largest-ever bankruptcy – resulted in a 60% fall in domestic consumption as households saw their assets wiped out and inflation took hold. All imported goods, whether a BMW or a bag of rice
Updated: 11/05/2011 07:06P
Greek parties ignore appeal for rapid compromise (Reuters)
ATHENS (Reuters) – Greece's ruling socialists and opposition conservatives offered rival plans for saving the nation from bankruptcy and safeguarding its euro zone membership, ignoring an appeal from the president to cooperate now on tackling the mess.
Updated: 11/05/2011 06:57P
Greek parties ignore appeal for rapid compromise
Papandreou's socialist cabinet is due to meet informally also on Sunday, as his PASOK party searches for support among the smaller parties, with Finance Minister Evangelos Venizelos playing a leading role. Only a week ago the bailout deal seemed in the
Updated: 11/05/2011 06:35P
N.J. Devils' bankruptcy risk and NBA lockout are related
The Globe and Mail reports that the Devils can't be pushed into bankruptcy due to a “stand-still” clause placed in their lending agreement by the NHL. The clause forces banks to wait at least 180 days after they declare a team in default before taking
Updated: 11/05/2011 06:13P
Dippin' Dots filed for bankruptcy protection
27.7 million dollars have been earned in sales this year so far; where as last year's sales were 26.7 million dollars. The company started in 1988 and owns $20.2 million of assets. A microbiology graduate of Southern Illinois University in Carbondale,
Updated: 11/05/2011 06:04P
BP's $6.75bn Russian oil gamble spills into dangerous territory
THE BP-TNK SAGA 1999 BP is a victim of a takeover in Russia of its interests in the Chernogorneft business in Siberia, through a highly controversial ordered bankruptcy courtesy of investors in the Tyumen oil group (TNK).
Updated: 11/05/2011 05:30P
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