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A Year After IPO, Uncertainty Shades GM's Future
It's been a year since, General Motors (GM), after being mired in bankruptcy, debuted its highly anticipated IPO. General Motors raised a record $23.1 billion with partial funding from US tax payers, a massive effort that helped resuscitate the Goliath
Updated: 11/16/2011 07:27P
MF Global Bankruptcy Trustee Plans to Meet With 'Objectors' Tomorrow
The liquidator of broker-dealer MF Global Inc. said he would meet tomorrow with customers who faulted his plan for handling claims, as he was “anxious” to advance the case. A second distribution of
Updated: 11/16/2011 07:27P
MFGI trustee update
If that bulk transfer is approved, nearly all of the 38000 customer account holders will receive distributions within three weeks of the bankruptcy filing. On Thursday, November 17, 2011 at 11:00 AM, Judge Martin Glenn will hold a hearing to consider
Updated: 11/16/2011 07:26P
Auto Parts Firm Delphi Prices IPO At $22 a Share
Delphi, which emerged from Chapter 11 bankruptcy protection in 2009, makes automobile components ranging from electrical and powertrain to safety and thermal technology products. It estimates that it holds the No. 1 or No.
Updated: 11/16/2011 07:24P
American Airlines Weathers Turbulence
On Wednesday AMR's board met for its final meeting of the year, and since American Airlines is the only legacy airline to avoid bankruptcy it's likely staying solvent was the topic of conversation. Many shareholders of American Airlines'
Updated: 11/16/2011 07:23P
Dodgers: Fox interfering with sale
Blog Dodgers attorneys filed a complaint Wednesday in US Bankruptcy Court in Delaware, alleging lawyers for Fox Sports Net West, which runs the Prime Ticket regional sports network, violated the automatic halt to litigation against a debtor in
Updated: 11/16/2011 07:21P
MF Global may return funds, cuts more jobs
Close to half of MF Global's workers have lost their jobs. Ziman also said talks to obtain financing to keep MF Global operating in bankruptcy have "paused," though the company has won an extension through November 30 to access $8 million of cash
Updated: 11/16/2011 07:13P
FTSE down on UK growth woes, Europe debt crisis
A bankruptcy judge on Thursday will consider a request by James Giddens, the trustee supervising the liquidation of the MF Global Inc broker-dealer unit, to release $520 million to between 15000 and 21000 commodities customers who held only cash in
Updated: 11/16/2011 07:11P
CFTC Backs 'Expedited' Claims Process For MF Global Clients
The Commodity Futures Trading Commission Wednesday said it supports an "expedited" process to allow customers of MF Global Holdings Ltd. (MFGLQ) to file claims for cash that has remained in limbo since the firm's bankruptcy filing.
Updated: 11/16/2011 07:03P
Los Angeles Dodgers Accuse Fox Sports of Trying to Interfere With Team Sale
Dodgers attorneys filed a complaint Wednesday in US Bankruptcy Court in Delaware, alleging that lawyers for Fox Sports Net West, which runs the Prime Ticket regional sports network, sent a "cease and desist" letter to the Dodgers' financial adviser,
Updated: 11/16/2011 07:02P
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