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Democrats Criticize Romney for Opposing Auto Bailout
Mr. Romney, whose father, George, served as the chief executive of American Motors, opposed the government bailout of Chrysler and General Motors in 2008, instead arguing for a “managed bankruptcy” approach. In a New York Times Op-Ed article that year,
Updated: 11/08/2011 07:26P
Revenooer Rants: Cancellation of debt may mean tax problems
In today's world, as foreclosures, short sales and other forms of loan “workouts” seem to be ubiquitous, folks who may be under water might think their problems have only to do with getting the lender off their back. But even if they are successful in
Updated: 11/08/2011 07:24P
MF Global Commodity Traders Ask Permission to Access Cash
MF Global Inc. customers may have to share some of their cash with other customers unless the money missing from some accounts is found, said Stephen Harbeck, president of the Securities Investor Protection Corp. Giddens has transferred 17000 accounts
Updated: 11/08/2011 07:14P
Greek 'unity' government fights over sharing power
Greece's new power-sharing government stalled before it had started yesterday as the two main parties struggled to agree to written guarantees demanded by the EU in return for loans needed to avoid bankruptcy. Lucas Papademos, the former central banker
Updated: 11/08/2011 07:06P
Phoenix Coyotes Most Likely Sports Team To Collapse
In 2009, the losses were so high that the team declared bankruptcy. Eventually, the NHL ended up buying the team. Despite the fan draw of coach and hockey legend Wayne Gretzky, as well as making the playoffs two years in a row (after missing them six
Updated: 11/08/2011 07:05P
Dealing with the euro's volatility
The turmoil in the eurozone and the threatened bankruptcy of Greece has started to worry ordinary people, not just politicians, economists and commentators. In the past week or so there has been a surge in the number of customers calling us for advice.
Updated: 11/08/2011 07:04P
Lagging economy U.S. postal chief's "biggest fear"
"My biggest fear from a Postal Service standpoint is that the economy continues to lag and just doesn't generate the commercial interest that we need to continue to grow Standard Mail and packages," Postmaster General Patrick Donahoe told the Reuters
Updated: 11/08/2011 07:01P
Harris Bank a start in hunt for missing MF Global cash
Lawyers representing Harris Bank in the MF Global bankruptcy did not return a call or e-mail seeking comment. “The trustee is aware that some MF Global Inc. customer funds went through Harris Bank,” said Kent Jarrell, a spokesman for James Giddens,
Updated: 11/08/2011 06:59P
MF Global clients may need to resort to bankruptcy claims
As of yesterday, 17000 of some 150000 accounts had been transferred, along with $1.5 billion in funds. Some customers may get more than the 60% and others may get less, depending on accounting related to the particular block of accounts transferred,
Updated: 11/08/2011 06:58P
MF Global Settlement Over Losses in Doubt After Bankruptcy
8 (Bloomberg) -- A $90 million settlement of an investor lawsuit against MF Global Holdings Ltd. and its former parent, Man Group Plc, over a 2008 wheat-trading loss was cast into doubt by the futures broker's bankruptcy filing.
Updated: 11/08/2011 06:56P
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