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MF Global returns to bankruptcy court Wednesday
The New York bankruptcy court cleared the firm, which collapsed into bankruptcy on Oct. 31, to use the cash on an interim basis earlier this month. The cash serves as collateral for the claims of MF Global's lenders, including JP Morgan Chase & Co.
Updated: 11/11/2011 04:27P
Ultra Resources, city officials plan to talk Monday
In June, the property was auctioned as part of an October 2010 bankruptcy by the property's California owners. After being declared the winning bidder for the bulk of the ranch, Ultra said it wanted to drill on the property and submitted several
Updated: 11/11/2011 04:26P
CME pledges $300 mln to help free MF Global cash
Some of those assets began to be freed up this week following a mass transfer of customer business to other clearing firms, but clients that held cash balances at MF Global remain separated from their money, prompting protests that not all customers
Updated: 11/11/2011 04:17P
BlackRock: Remember, Muni Bond Default Is Rare
Despite the big bankruptcy declaration in Jefferson County, Ala. this week, the municipal marketplace remains a vast universe in which government-obligation bond default is still very rare, says BlackRock's top municipal bond
Updated: 11/11/2011 04:14P
Concern growing among municipal bond investors
Lost in all the news last week of the continuing financial turmoil in Europe was an announcement of the largest bankruptcy in US history by a municipal government. The $4 billion filing by Jefferson County,
Updated: 11/11/2011 04:14P
Dynegy distances itself from bankrupt holding company
Monday morning could provide insight into the unusual bankruptcy filing of Houston-based utilities company Dynegy Inc. (NYSE: DYN). By that time, the company's announcement that it is putting its debt-laden subsidiaries — lumped together as Dynegy
Updated: 11/11/2011 04:14P
Diddy, Viacom Must Cough Up $7.5M Over 'Making The Band' Lawsuit
Diddy's Bad Boy Records and media conglomerate Viacom have agreed to fork over $7.5 million dollars to settle a lawsuit over the MTV series “Making The Band, according to a report by The Hollywood Reporter. A bankruptcy judge awarded the hefty sum to
Updated: 11/11/2011 04:08P
CME to tap slush fund to help MF Global clients
Regulators have been unable to find some $600 million in missing customer funds after MF Global filed for bankruptcy late last month. The bankruptcy trustee has refused to release a large chunk of the customer assets that backed MF Global trades,
Updated: 11/11/2011 04:02P
Papademos sworn in to lead party-packed Greek cabinet (NEWS.GNOM.ES)
ES) – 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 of collapse.
Updated: 11/11/2011 04:00P
MF Global insurance coverage led by HCC Holdings
Jon Corzine that is now in bankruptcy. MF Global has $250 million in coverage, and the insurer has posted $25 million in connection with the account, according to a market source. A unit of Willis Group Holdings PLC is the broker, the source said.
Updated: 11/11/2011 03:58P
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