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Greece names banker Papademos as new PM
Greece named banker Lucas Papademos as head of a new crisis government on Thursday, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the euro zone. A solemn Papademos called on Greeks to unite
Updated: 11/10/2011 07:04P
MF Global Customers Gain Support From ICE
Some customers with trading positions at MF Global when it filed for bankruptcy on Oct. 31 have had their positions transferred to other firms. But customers who had cash at the firm are, in effect, frozen. Some of these customers have argued the
Updated: 11/10/2011 07:03P
ICE seeks court ruling to unlock customer cash at MF Global
IntercontinentalExchange sought a bankruptcy court ruling yesterday to "immediately" free up customer cash held on deposit with MF Global, after some funds began to be returned to other clients of the collapsed broker-dealer this week.
Updated: 11/10/2011 07:02P
Jefferson County bankruptcy gives municipal bond market jitters
Alabama's Jefferson County, covering the state's largest city of Birmingham, has become the largest municipal bankruptcy in US history after failing to break free of debts incurred in the rebuilding of its sewer system.
Updated: 11/10/2011 07:01P
Biggest civic bankruptcy sows uncertainty in Ala.
9, 2011 to file an estimated $4.1 billion bankruptcy, the largest municipal bankruptcy in US history. The county has been trying for several years to find a way to resolve its sewer debt crisis and fix its fiscal 2012 county general fund budget,
Updated: 11/10/2011 07:00P
Storm victims could be affected by JeffCo bankruptcy
Jefferson County Commissioners continue to work on a plan to trim up to $40 million out of its budget as a part of the ongoing financial crisis. Several county departments are set to be shut down because of the money
Updated: 11/10/2011 06:56P
Clawbacks Face Pushback in Law Firm Bankruptcies
William Brandt, president of Development Specialists, a consulting firm that often advises bankrupt law firms and their estates, predicts that McMahon's ruling will reshape the legal landscape for firms embroiled in clawback suits around the country.
Updated: 11/10/2011 06:56P
Bankruptcy Clerk of Court Is Army Reserve's Highest Ranking African-American Woman
To commemorate Veterans Day 2011, we spotlight Marcia Anderson, the bankruptcy clerk of court for the Western District of Wisconsin and the first African-American woman to attain the rank of major general in the Army Reserve. A clerk of court's life is
Updated: 11/10/2011 06:55P
Daily Star parent declares loss, still hasn't headed off bankruptcy
The company has said it will declare Chapter 11 bankruptcy if it doesn't push back the due date on the remainder of its debt. The Iowa-based newspaper chain reported an $8.8 million loss—20 cent per share—for the quarter ending Sept. 25.
Updated: 11/10/2011 06:55P
Incoming Prime Minister Lucas Papademos. - Source: Reuters
Greece named banker Lucas Papademos as head of a new crisis government today, ending the country's chaotic search for a leader to save it from default, bankruptcy and expulsion from the euro zone. A solemn Papademos called on Greeks to unite behind him
Updated: 11/10/2011 06:55P
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