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Greek debt: cheap but no bargain
Even if Greece avoids default, bankruptcy and ejection from the euro zone, its debt is not yet looking attractive. At first sight maybe the bonds seem alluring, with five and 10-year bonds trading at around 33 cents on the euro, compared with the
Updated: 11/08/2011 11:41A
Alabama county considers municipal bankruptcy
The Jefferson County Commission will consider filing the nation's biggest municipal bankruptcy today, according to a resolution approved by a committee. The Alabama county's leaders also may vote to approve a settlement with holders of $3.14 billion in
Updated: 11/08/2011 11:36A
Debt crisis shakes up Greek, Italian governments
Eurozone finance ministers are working on ways to strengthen their 440 billion bailout fund and give it effective lending power of over 1 trillion through financial leverage and attracting money from private investors. Even that wouldn't be enough to
Updated: 11/08/2011 11:33A
MF Global breakdown dominates Chicago grain market talk
That firm's massive bankruptcy has landed with a thud in Chicago and New York markets. MF Global declared bankruptcy Oct. 31, curiously just after an audit that did not discover the discrepancies that existed deep in the bowels of this
Updated: 11/08/2011 11:32A
Fallout From MF Global: Should Brokers Be Allowed To Speculate?
"While customer positions were successfully moved, 40 per cent of their margin, or the deposit needed to make a transaction, was held back at clearing houses as ordered by a US bankruptcy judge. This raised the risk of widespread margin calls,
Updated: 11/08/2011 11:31A
Borders Resolves Random House Debt With $36.4 Million Claim
Under the agreement, filed in US Bankruptcy Court in Manhattan yesterday, Random House will receive an unsecured, non-priority claim worth about $800000 less than the publisher originally said it was owed for books it supplied to the chain.
Updated: 11/08/2011 11:29A
The Odd Dynegy Bankruptcy… Good for Stockholders (DYN, BX, IEP)
A bankruptcy that is good for shareholders. Dynegy Inc. (NYSE: DYN) is seeing a sharp rise in its common stock after some of the financial units filed for Chapter 11 bankruptcy protection. The move is a after a series of recent debt restructuring
Updated: 11/08/2011 11:27A
Media Mix: Dippin' Dots Files for Bankruptcy; Chicken Pox Lollipops Are a Scam
Dippin' Dots Files Chapter 11: The company behind the “ice cream of the future” filed for bankruptcy last week after defaulting on a $12 million loan. [WSJ] Portion Size May Reflect Social Status: Researchers found that people who choose smaller
Updated: 11/08/2011 11:24A
Alderwoman Marlene Davis Explains Her 2010 Bankruptcy
After a few of months of struggling to meet all her payments, she filed for Chapter 7 bankruptcy. "It was pretty devastating for me," says Davis. "I struggled with that place for more than a year. It didn't get any better. It just got worse.
Updated: 11/08/2011 11:23A
A Jewel [v. Boxer] is a Law Firm Bankruptcy Trustee's Best Friend; Unfinished
Since 1988, when Finley Kumble filed for bankruptcy protection, some 32 major law firms have failed. In each of those cases, liabilities far exceeded assets and in most of these cases, partners of the defunct firm and the new firms they joined wound up
Updated: 11/08/2011 11:20A
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