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Italy's new PM ready to rescue nation
Mario Monti has replaced Silvio Berlusconi as Italy's prime minister and appointed himself finance minister at the head of a technocratic cabinet to rescue the eurozone heavyweight from bankruptcy. The former European commissioner said his new team
Updated: 11/16/2011 09:15P
Some of MF Global's funds could be released after court hearing
THE TRUSTEE overseeing the bankruptcy of MF Global has filed for permission to release 60 per cent of the near $900m (£570m) in client cash that has been frozen at the brokerage for more than two weeks. In a measure that will provide some relief to
Updated: 11/16/2011 09:15P
Dodgers sue Fox Sports over alleged interference in team's sale | The Republic
LOS ANGELES — The Dodgers sued Fox Sports on Wednesday, alleging the television company is trying to “interfere with the sale of the Dodgers and their assets in bankruptcy.” The suit was filed in US Bankruptcy Court in
Updated: 11/16/2011 09:06P
With MF Global Money Still Lost, Suspicions Grow
At a bankruptcy hearing on Wednesday, a lawyer for the trustee overseeing the liquidation of the brokerage house would not speculate on the matter, acknowledging simply that the money was still missing. After MF Global filed for bankruptcy in late
Updated: 11/16/2011 09:02P
Dodgers to sue 'meddling' Fox Sports
The lawsuit was filed in US bankruptcy court on Wednesday in the state of Delaware, where Fox has filed a suit of its own against the Dodgers for alleged breach of contract. The Dodgers claim in their suit that Fox is trying to meddle with the sale of
Updated: 11/16/2011 08:50P
JPMorgan Says Lehman Fight Becomes 'Tale of Two Lawsuits'
Citing a ruling in the Anna Nicole Smith case that described limits to the power of bankruptcy judges, JPMorgan said a district judge must decide Lehman's common-law damage claims in its lawsuit, which run to tens of billions of dollars.
Updated: 11/16/2011 08:49P
JPMorgan Says Lehman Fight Over Claims Becomes 'Tale of Two Lawsuits'
JPMorgan is trying to move an $8.6 billion lawsuit by Lehman from bankruptcy court to district court, saying today that a bankruptcy judge can't rule on Lehman's allegation that the lender caused monetary damage to the failing firm in 2008.
Updated: 11/16/2011 08:42P
Steven Chu on offense ahead of Solyndra showdown
Chu will tell the panel in his testimony that “while we are disappointed in the outcome of this particular loan, we support Congress's mandate to finance the deployment of innovative technologies, and believe that our portfolio of loans does so
Updated: 11/16/2011 08:41P
Dodgers sue Fox Sports over alleged interference in team's sale
The lawsuit, filed in US Bankruptcy Court, accuses Fox Sports of trying to interfere with the team's ownership of its broadcast rights. Dodgers owner Frank McCourt is hoping to market the team's television rights in an effort to raise the team's sale
Updated: 11/16/2011 08:40P
Paulson sells $450m of shares in Delphi IPO
Paulson & Co was one of several hedge funds that acquired large stakes in the one-time General Motors subsidiary after it filed for bankruptcy in 2005. But it is the only one that braved difficult market conditions to sell shares on Wednesday.
Updated: 11/16/2011 08:35P
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