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House committee seeks details on Open Range loan
By AP | November 11, 2011 DENVER (AP) — A US House committee is asking for a briefing on a $267 million government loan to a Colorado-based company that has filed for bankruptcy protection. Open Range Communications Inc. is a high-speed,
Updated: 11/11/2011 01:01P
MF Global Terminates Its Entire Work Force
(NewsCore) - The bankruptcy trustee for MF Global said Friday that the debt-plagued financial firm has terminated nearly all 1066 employees of its brokerage. Salaries for terminated employees will be paid through Nov. 15, and the company will keep
Updated: 11/11/2011 12:59P
Papademos sworn in to lead party-packed Greek cabinet
ATHENS (Reuters) - Technocrat Prime Minister Lucas Papademos took office on Friday to save Greece from bankruptcy, heading a coalition cabinet filled with many of the same politicians who led the nation into crisis and pushed the euro zone to the brink
Updated: 11/11/2011 12:58P
MF Global Broker-Dealer Fires Entire Workforce of 1066
MF Global Holdings Ltd., which was run by former New Jersey governor and Goldman Sachs Group Inc. co-chairman Jon Corzine, filed for Chapter 11 bankruptcy Oct. 31 after a $6.3 billion bet on the bonds of some of Europe's most indebted nations prompted
Updated: 11/11/2011 12:56P
MF Global Fires All 1066 Brokerage Employees
As many as 200 of the employees may be rehired "to assist in the wind down of the business and processing of bankruptcy claims," High Wire adds. The firm filed for bankruptcy protection on Oct. 31. It had made "big investments in European sovereign
Updated: 11/11/2011 12:56P
Search for MF Global client funds continues
MF Global customers who had liquidated their accounts as the brokerage teetered had no access to their cash as a bankruptcy court ordered only the transfer of funds backing open positions. IntercontinentalExchange, another futures exchange,
Updated: 11/11/2011 12:56P
All 1066 MF Global brokerage workers laid off
MF Global (MFGLQ) has been prohibited from executing trades since filing for bankruptcy protection on Oct. 31. Federal regulators and other authorities are investigating a reported $633 million that is reported to be missing from its clients' accounts.
Updated: 11/11/2011 12:54P
Italian lawmakers back reforms before Berlusconi exit
Italian lawmakers gave initial approval to a reform package aimed at staving off bankruptcy Friday, easing market tensions on the eve of Prime Minister Silvio Berlusconi's expected resignation. The measures -- promised by Berlusconi at a European Union
Updated: 11/11/2011 12:53P
More than 1000 MF Global workers let go in bankruptcy
Between 150 and 200 of the employees will be rehired to help with winding down the business and processing bankruptcy claims, according to the statement. “The termination of employees and closure of operations is a necessary part of the court-ordered
Updated: 11/11/2011 12:52P
Defunct MF Global fires entire work force
The company said today it is dismissing workers in accordance with a bankruptcy court-mandated liquidation. Between 150 and 200 former employees are being hired to assist with the liquidation and court proceedings. MF Global declared bankruptcy after
Updated: 11/11/2011 12:51P
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