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New Wall Street rules, same result
MF Global Holdings Ltd., the holding company for the broker-dealer run by ex-Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for bankruptcy protection as it seeks to reorganize after making bets on European sovereign debt.
Updated: 11/11/2011 01:07A
Ordway's assets migrate south
The Chapter 7 trustee overseeing the case is asking US Bankruptcy Court in Albany to permit the sale of two patent applications for cancer drugs to Senex Biotechnology in Columbia, SC, for $30000. Senex has ties to Ordway. Its founder and president is
Updated: 11/11/2011 01:07A
Mitt Romney lacks perspective on auto bailouts
Romney advocated private capital, an option the head of the auto task force, Stephen Rattner, has said was pursued but dropped amid the changeover of administrations and the global financial meltdown, which made bankruptcy financing virtually
Updated: 11/11/2011 01:07A
New Greek PM vows to stick with euro
Papademos "is not the kind of extrovert figure that we've been used to having in Greece," said George Pagoulatos, a professor of politics and economics at the Athens University of Economics and Business. Pagoulatos said Papademos's aversion to
Updated: 11/11/2011 01:07A
Alabama county goes bankrupt
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another
Updated: 11/11/2011 01:06A
PBGC issues proposed regs on benefit determinations for terminating hybrid plans
In addition, the PPA provides that, when an underfunded pension plan terminates during the bankruptcy of the plan sponsor, the date that the sponsor's bankruptcy petition was filed is treated as the plan's termination date for purposes of determining:
Updated: 11/11/2011 01:05A
We should have informed the DGCA: Kingfisher CEO
Kingfisher Airlines is still a viable business and there is no dispute over its survival, its Chief Executive said on Friday, in an effort to dismiss widespread speculation that the cash-strapped airline was staring at bankruptcy.
Updated: 11/11/2011 01:03A
UK Payments Council, Chinese Audits, ECB Moves: Compliance
The Royal Canadian Mounted Police has begun a criminal investigation of Sino-Forest Corp. to determine whether the Chinese timber producer defrauded Canadian investors, the Globe and Mail reported, citing two people it didn't name.
Updated: 11/11/2011 01:02A
Jefferson County Bankruptcy a Blow to Long-Suffering Birmingham
Birmingham is also the seat of Jefferson County, which filed the biggest municipal bankruptcy in US history under the burden of more than $3 billion of sewer-system debt. The so- called Magic City may need a big trick to persuade residents and
Updated: 11/11/2011 01:02A
Future uncertain for bankrupt county
The biggest civic bankruptcy in American history could leave residents of Alabama's most populous county paying astronomical rates for public services performed by a skeleton crew of county workers. Or it could simply mean tightening the belt another
Updated: 11/11/2011 12:57A
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