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Blame Flies in Alabama
Now some officials are blaming Wall Street for driving the county into the largest municipal bankruptcy in US history. County officials said Wednesday's bankruptcy filing by the most populous county in Alabama could have been avoided if holders of
Updated: 11/11/2011 07:10P
Ireland calls time on the Celtic Tiger
It was an apt message yesterday as Ireland's new president called time on the avarice of the Celtic Tiger, while one of the decade-long boom's biggest players filed for bankruptcy. Speaking at his inauguration at Dublin Castle, Michael D Higgins
Updated: 11/11/2011 07:10P
How bankruptcy may affect the Jefferson County housing market
"In the short term, I honestly don't see much happening because honestly we don't know what's going to happen yet," Samford Ast. Finance Professor, Melissa Woodley, said. UAB Finance Professor Andres Rauterkus says the bankruptcy, in general,
Updated: 11/11/2011 07:00P
Better Place Raises Another $200 Million To Roll Out Electric Car Networks
With other green technology companies faltering or filing for bankruptcy, Better Place, the Silicon Valley electric car infrastructure startup, said Friday that it has raised a $200 million round of financing from investors that include General
Updated: 11/11/2011 06:53P
MF Global's Mass Layoff Only First Rumbling of Upcoming Storm
James W. Giddens, the bankruptcy lawyer who has been tasked with defending the interests of certain creditors as MF Global's bankruptcy trustee, made the announcement to employees Friday. Suddenly, 1066 people found themselves out of work,
Updated: 11/11/2011 06:50P
MF Global Workers Said to Learn of Firing From News Reports
The unit's Chicago offices will stay open as the business is wound down. In Chicago, where the offices are one block south of that city's landmark Board of Trade Building, now occupied by the Chicago Mercantile Exchange, individuals were leaving at
Updated: 11/11/2011 06:34P
Jon Corzine Firm, MF Global, Fires Everyone
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 06:30P
New Greek prime minister, unity cabinet sworn in
Greece's new unity government headed by Lucas Papademos took office on Friday to save the debt-stricken nation from bankruptcy after a historic power-sharing deal struck between warring parties. Papademos, 64, a former vice-president of the European
Updated: 11/11/2011 06:27P
FOX5 Vegas - KVVUTalks on Harrisburg recovery plan deadlocked
Entertainment News from AP HARRISBURG, Pa. (AP) - With a Monday deadline looming, Harrisburg's mayor and City Council were deadlocked Friday over a financial recovery plan for Pennsylvania's struggling state capital. Both sides said they are willing to
Updated: 11/11/2011 06:24P
CME Group offers to help unfreeze MF Global customer funds; trustee fires 1066
CME said its “financial guarantee” would kick in if the trustee found it had distributed more money than allowed in a final accounting of the bankruptcy. It would cover the trustee up to $250 million. Another $50 million would go directly to CME
Updated: 11/11/2011 06:19P
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