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MF Global's Costly Mess: 30000+ Accounts Frozen
MF Global's slide into bankruptcy has been a costly snarl for thousands of traders and brokers who did business through the securities firm. More than 30000 accounts remain frozen. Colin Barr has details on The News Hub.
Updated: 11/15/2011 06:01P
David Tepper Bought An 8.64% Stake In MF Global Right After They Filed For
What's interesting is Tepper increased his stake in MF Global two days after the beleaguered broker dealer filed for bankruptcy protection, according to the SEC filing. Tepper prefers credit over equity. What the 13-F did not disclose was Tepper's
Updated: 11/15/2011 05:59P
Reser's to buy rival for $70M
Beaverton-based Reser's Fine Foods Inc. will move closer to its goal of $1 billion in annual revenue now that it received approval to acquire rival Chef Solutions Inc. out of bankruptcy. Reser's Fine Foods Inc. on Tuesday won approval to buy the assets
Updated: 11/15/2011 05:58P
Postal Service near default? Losses mount to $5.1B
Losses will only accelerate in the coming year, Postmaster General Patrick Donahoe warned, citing faster-than-expected declines in first-class mail. He implored Congress to take swift, wide-ranging action to stabilize the ailing agency's finances as it
Updated: 11/15/2011 05:53P
Regulator earmarks $40-million to backstop MF Global clients
The Canadian Investor Protection Fund (CIPF) will temporarily provide up to $40-million for customers of bankrupt brokerage firm MF Global Canada Co. to tide over investors with funds that remain entangled in the bankruptcy proceedings of the firm's US
Updated: 11/15/2011 05:43P
Energy company that got $39M DOE loan says it may have to abandon
_ A Massachusetts company that received a $39 million loan from the Department of Energy before seeking bankruptcy protection says it may have to abandon its reorganization effort and liquidate instead. Beacon Power said in a regulatory filing this
Updated: 11/15/2011 05:32P
Delphi Prepares For New IPO
In that time, the company filed for bankruptcy protection in 2005 -- its stock losing value to the point where it was finally de-listed from the New York Stock Exchange. In 2009, when Delphi emerged as a private company, its old stock was cancelled.
Updated: 11/15/2011 05:29P
CBS 3 Springfield - WSHMBeacon Power says it may have to liquidate
(AP) - A Massachusetts company that received a $39 million loan from the Department of Energy before seeking bankruptcy protection says it may have to abandon its reorganization effort and liquidate instead. Beacon Power said in a regulatory filing
Updated: 11/15/2011 05:28P
Safway Services Acquires Waco Scaffolding & Equipment in Bankruptcy Auction
10 as part of Waco's bankruptcy proceedings. “Purchasing Waco is an excellent fit for Safway,” said Marc Wilson, president and CEO of Safway Services. “The company has a long-standing reputation in the scaffolding business and many loyal customers.
Updated: 11/15/2011 05:26P
MF Global's Final Days Look Even Shadier Now
(Newser) – MF Global's client accounts may have come up hundreds of millions of dollars short a full four days before the company filed for bankruptcy—and before it notified regulators or anyone else of the problem,
Updated: 11/15/2011 05:25P
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