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MF Global fallout revives regulatory calls
Last week's bankruptcy of MF Global, one of the world's largest futures brokers, has left customers staring at a $600m hole in their accounts. The shortfall is an embarrassment for the futures market and the people who police it.
Updated: 11/10/2011 02:29P
Jefferson County bankruptcy largest municipal default
Jefferson County, AL, United States (AHN) – Jefferson County, Alabama, filed for bankruptcy Wednesday in what is the largest municipal bankruptcy in US history. The troubled county owes more than $3 billion on a failed sewer deal.
Updated: 11/10/2011 02:28P
Greece finally appoints new PM Papademos, vows to stick with euro
Greece has appointed senior banker Lucas Papademos prime minister of an interim unity government that will seek to cement a European debt deal and stave off national bankruptcy. Chosen after four tortuous days of
Updated: 11/10/2011 02:28P
Community forum featuring Sen. Piccola to focus on Harrisburg debt crisis
Jeffrey Piccola, R-Dauphin County, will join Dauphin County Commissioner Mike Pries and Mark Schwartz, the attorney Harrisburg City Council hired to file its bankruptcy petition, to discuss the city's fiscal crisis during a forum at 6 pm Dec.
Updated: 11/10/2011 02:26P
Greek Jobless Rate Hits 18.4% as Economy Tanks
ATHENS – As Greece waited on a new coalition government needed to keep international loans coming and prevent the country's bankruptcy, the austerity measures that go along with them have driven the unemployment rate to 18.4%.
Updated: 11/10/2011 02:25P
Bank asks to seize Trinitas golf course
In documents filed this week, the bank argues that Trinitas owners Mike and Michelle Nemee have no reasonable hope of reorganizing the operation and emerging from bankruptcy. Among other things, the bank notes that US Bankruptcy Court Judge Ronald
Updated: 11/10/2011 02:24P
After Jefferson County, a deluge of muni-bond damage control
Jefferson County filed for Chapter 9 bankruptcy protection on Wednesday, the biggest municipal-bond failure ever. The $4 billion-plus debt it can't service is more than twice the size of Orange County, Calif.'s default in 1994, which had been the
Updated: 11/10/2011 02:24P
JOEY KENNEDY: Alabama immigration law much worse than Jefferson County bankruptcy
says the state's immigration law is worse for economic development than Jefferson County's bankruptcy. I was flipping through the newspaper today and came to a story on The News' Business front: "Will Chapter 9 doom development?" by Stan Diel.
Updated: 11/10/2011 02:23P
Stocks steady...Better data...Largest municipal bankruptcy yet
(AP) — Jefferson County Alabama, the state's most populous county has filed what became the largest municipal bankruptcy in US history. It is an effort to retake control of its beleaguered sewer system and wipe away as much of its $4 billion in debt as
Updated: 11/10/2011 02:23P
Major chains reportedly show interest in Moo & Oink
An attorney said major retail chains are showing an interest in the properties of Moo & Oink, the South Side-based grocery operation that closed last month as it entered Chapter 7 bankruptcy. Currently there are no comments. Be the first to comment!
Updated: 11/10/2011 02:21P
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