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MF Global fires entire work force
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 07:24P
INSIGHT-MF Global bust erodes trust in brokerages
MF Global revealed to regulators during its Oct. 31 bankruptcy that it was short perhaps $600 million in customer funds - money which the firm was supposed to keep in "segregated" accounts maintained under a raft of laws and regulations.
Updated: 11/11/2011 07:24P
KATV Channel 7 - The Spirit of Arkansas: CME offers $300M to help unfreeze MF
Entertainment News from AP By CHRISTOPHER LEONARD AP Business Writer NEW YORK (AP) - A futures exchange that handled trades by failed broker MF Global said Friday that it will cover as much as $300 million to help speed the release of funds frozen
Updated: 11/11/2011 07:22P
Portland's Noskinny closes its 6 stores, plans bankruptcy filing
The brand will likely file for Chapter 7 bankruptcy next week, president and founder Chris Teeuwen said Friday. Noskinny made its niche in the plus-size young women's clothing market, opening its first store in 2009. Eventually, the brand expanded to
Updated: 11/11/2011 07:20P
Slieve Russell lost 45.4m in 2009
AS SEN Quinn filed for bankruptcy yesterday, accounts filed for the Slieve Russell hotel, which he founded, show it incurred a loss of 45.4 million in 2009, after the company took an impairment charge of 43.3 million on fixed assets.
Updated: 11/11/2011 07:19P
Billionaire Sen Quinn now a man 'of virtually no means'
Mr Gordon said the IBRC was to seek a summary judgment against Mr Quinn in the Dublin courts on Monday morning, in relation to a personal guarantee he gave for a loan of 3 million issued some years ago to Quinn Finance. He said Mr Quinn suspected this
Updated: 11/11/2011 07:18P
Fleming gave assets to creditors
His discharge means he has a clean financial sheet, and creditors such as the Irish banks cannot pursue him further. It also means the National Asset Management Agency (Nama), which took over some of the loans secured against Fleming group assets,
Updated: 11/11/2011 07:18P
Bankrupt Quinn tells Belfast court his assets come to less than £50000
Sources close to the IBRC did not dispute the suggestion that it might have been seeking to have Mr Quinn declared a bankrupt in this jurisdiction. The law in the Republic does not allow a bankrupt to come out of bankruptcy for 12 years,
Updated: 11/11/2011 07:18P
Inside the world of business
As legal music-streaming services such as Spotify and Apple's iTunes help record labels offset the effect of plunging CD sales, investors have begun whistling a new tune on the industry. Album sales – including downloads – are up 3 per cent,
Updated: 11/11/2011 07:15P
State and IBRC no worse off after declaration of bankruptcy
The fact that Quinn, in his statement after the case, referred to his being from, and working in, Co Fermanagh, and that the IBRC, in its short statement, said it was “examining the validity of this application for bankruptcy” in the light of Quinn's
Updated: 11/11/2011 07:15P
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