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MF Global fires entire workforce (AP)
James W. Giddens, the court-appointed trustee for the liquidation of MF Global, said in a statement that the company is dismissing workers in accordance with a bankruptcy court mandate. Between 150 and 200 former employees are being hired to assist
Updated: 11/11/2011 02:17P
Corzine's Incompetence Hurt A Lot of People
The futures brokerage declared bankruptcy on October 31, and it has subsequently been disclosed that around $633 million in client funds are missing. Shockingly, Bart Chilton, a commissioner at the US Commodity Futures Trading Commission,
Updated: 11/11/2011 02:16P
New Greek PM Lucas Papademos takes office
Technocrat Prime Minister Lucas Papademos took office 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 of collapse.
Updated: 11/11/2011 02:11P
The Broke and the Beautiful: Bankruptcy Beat Edition
From Toni Braxton's revelation that bankruptcy worked out “really great” to boy-band creator Lou Pearlman's settlement with MTV, Bankruptcy Beat was at the forefront of celebankruptcy news. Also this week, the Dodgers are readying for a sale,
Updated: 11/11/2011 02:10P
MF Global lays off entire brokerage staff
Meanwhile, it will rehire 150 to 200 former employees to support the lingering business as the bankruptcy process moves forward. Days after MF filed for Chapter 11, John Corzine stepped down as chairman and CEO. The company is working with FTI
Updated: 11/11/2011 02:10P
Bankrupt MF Global terminates entire workforce
Bankruptcy hearings are underway for MF Global, the 200-year-old trading firm, which collapsed suddenly. NEW YORK - Defunct trading company MF Global Inc. says it is terminating its entire workforce of 1066 employees. The company said Friday it is
Updated: 11/11/2011 02:10P
Swaziland to accept SA conditional bailout
(SABC) Swaziland says it will accept a conditional bailout of R2.4 billion by South Africa to stave off bankruptcy. Earlier the absolute monarchy rebuked South Africa for attaching fiscal and political conditions to the deal.
Updated: 11/11/2011 02:07P
Italian Senate approves reform package to avoid bankruptcy
By RFI Italy's upper house has approved approve a package of reforms aimed at reassuring financial markets over the country's stability and fending off possible bankruptcy. The lower house is expected to adopt them on Saturday in a schedule that has
Updated: 11/11/2011 02:05P
Former Billionaire Declares Personal Bankruptcy
Once Ireland's richest man with a personal fortune worth $6 billion, Sean Quinn applied for voluntary bankruptcy in Belfast this morning. Quinn owed an alleged $3.85 billion to Anglo Irish Bank's successor institution, the Irish Bank Resolution
Updated: 11/11/2011 02:03P
FOX Carolina 21MF Global fires its entire work force
Entertainment News from AP By AP NEW YORK (AP) - Defunct trading company MF Global Inc. says it is terminating its entire workforce of 1066 employees. The company said Friday it is dismissing workers in accordance with a bankruptcy court-mandated
Updated: 11/11/2011 02:01P
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