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MF Global's Europe clients stuck, U.S. breathes easier (Reuters)
NEW YORK/LONDON (Reuters) – European clients of failed brokerage MF Global on Monday grew increasingly frustrated at the slow transfer to new brokers a week after filing for bankruptcy protection, while US traders saw limited disruption from margin
Updated: 11/07/2011 04:36P
Star Island estate goes to secret buyer at auction
The top bidder on Osorio's nine-bedroom home with infinity pool on an acre lot — sold at a bankruptcy auction — was not disclosed in court Friday. The parties agreed to keep his name a secret at the request of the buyer, a wealthy Miami-Dade
Updated: 11/07/2011 04:26P
MF Global's Europe clients stuck, US breathes easier
The CME also asked brokers who have taken over customer accounts from MF Global to not disburse any of the money until at least the close of business on Tuesday as it sought to verify the amounts involved. "One of the accounts has a margin call of
Updated: 11/07/2011 04:25P
Dynegy's Holding Company Preparing to File for Bankruptcy: WSJ
Power producer Dynegy's (DYN) holding company is preparing to file for Chapter 11 bankruptcy, the Wall Street Journal is reporting. Shares fell 11% in late trading after the report was published. The move is complicated — the Journal
Updated: 11/07/2011 04:24P
Dynegy Shares Fall As Company Prepares For Chapter 11
Shares in energy provider Dynegy fell ahead of the bell after reports emerged that the company was preparing to enter Chapter 11 bankruptcy protection as early as Monday night. The preparations come amid a contested debt restructuring plan that
Updated: 11/07/2011 04:22P
Jefferies Halves European Debt Exposure To Prove Liquidity Of Positions
After a week in which European debt exposure set off a series of events that put rival MF Global into bankruptcy court, Jefferies was adamant that its own exposure to sovereign debts was small and manageable. In a move to prove that Monday,
Updated: 11/07/2011 04:20P
Greek government talks drag on as creditor pressure builds
Talks on naming a new Greek prime minister to lead the country out of deadlock and avert bankruptcy dragged into the evening Monday with no breakthrough between the two main political parties heading negotiations. Greek media reported that the man
Updated: 11/07/2011 04:16P
Greek bank officials to be questioned in probe: report
Seven officials of small Greek lender Proton Bank that was rescued from bankruptcy last month are to be questioned under an ongoing embezzlement probe, the semi-state Athens News Agency said on Monday. Among the suspects summoned by a prosecutor is
Updated: 11/07/2011 04:16P
Eurozone wants cross-party commitment in Greece
AP National News Video More>> AP Exclusive: Book gives look at Giffords recovery AP News Minute: Veteran injured at Occupy protest and more BRUSSELS (AP) - The chairman of the Eurogroup says eurozone finance ministers have asked the leaders of Greece's
Updated: 11/07/2011 04:12P
Copper loses ground for second day
With the exception of zinc futures, which managed to eke out a modest $US2 gain, the rest of the base metals fell as volumes slowed to a crawl and further fallout from the MF Global bankruptcy led investors to shy away from risk.
Updated: 11/07/2011 04:10P
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