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Lucas Papademos re-emerges to lead greek crisis coalition govt
ATHENS: Former European Central Bank (ECB) vice-president Lucas Papademos will head Greece's new crisis coalition, the president's office said on Thursday, charged with saving the country from default, bankruptcy and an exit from the euro zone.
Updated: 11/10/2011 05:14P
Jefferson County, Ala., files for Chapter 9 bankruptcy
A failure to negotiate a deal with its creditors has led Jefferson County, Ala., to file for Chapter 9 bankruptcy protection. The county's Chapter 9 filing is the largest municipal bankruptcy case in US history, involving more than $4 billion of debt.
Updated: 11/10/2011 05:11P
Lehman ends mortgage case for 0.5 cent on dollar
Nov 10 (Reuters) - Lehman Brothers Holdings Inc, which hopes next month to win court approval of its bankruptcy reorganization, agreed to a $40 million settlement of investor lawsuits that claimed $7.7 billion of damages from mortgage debt.
Updated: 11/10/2011 05:10P
Latest financial disaster shows little has changed on Wall Street
The bankruptcy filing last week by MF Global Holdings Ltd. didn't freeze lending and panic investors around the world, as Lehman Brothers' did in 2008. But the rapid fall of the firm run by former New Jersey Gov. Jon Corzine shows risky behavior
Updated: 11/10/2011 05:03P
Majestic Star license transfer to bankruptcy creditors
Introducing himself to the commission, Wayzata CEO Patrick J. Halloran said that he and another Wayzata executive will sit on the five-member new Majestic board of directors as it emerges from bankruptcy. “We want to get the company out of bankruptcy
Updated: 11/10/2011 05:01P
Jefferson County Files for Bankruptcy After Talks With Creditors Break Down
Jefferson County, Ala., commissioners, faced with massive sewer-system debt and loss of a major revenue source, filed for bankruptcy Nov. 9, saying efforts to negotiate with creditors had failed and future talks would not be
Updated: 11/10/2011 04:59P
Evergreen Solar Gets Green Light To Sell Assets For $35M
Law360, New York (November 10, 2011, 4:58 PM ET) -- Evergreen Solar Inc. won a Delaware bankruptcy judge's blessing Thursday to sell the bulk of its assets to three separate bidders for a combined $34.5 million, but failed to secure
Updated: 11/10/2011 04:59P
Greece's new leader Lucas Papademos steels nation for tough future
Newly appointed Prime Minister Lucas Papademos leaves the Greek Presidential palace in Athens, saying the crisis-hit country was at a crossroads as bankruptcy loomed. Source: AFP GREECE'S new leader, Lucas Papademos, has steeled his country for tough
Updated: 11/10/2011 04:50P
CFTC to review other brokers
After MF Global filed for bankruptcy, lawyers disclosed a roughly $600m shortfall in customer accounts, or 11 per cent of the $5.45bn it was supposed to hold. Authorities including the CFTC, Securities and Exchange Commission and Federal Bureau of
Updated: 11/10/2011 04:45P
CFTC: MF Global Missing Funds May Be Big Ploy
The $593 million shortfall in client money at MF Global Holdings Ltd., the broker that filed for bankruptcy on Oct. 31, appears to result from a “massive hide-and-seek ploy,” Bart Chilton, a commissioner at the US Commodity Futures Trading Commission,
Updated: 11/10/2011 04:45P
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