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Delphi Slides 3.4% Post-IPO
Delphi, a former division of General Motors Co. 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
Updated: 11/17/2011 10:30A
MF Global Commodity Traders Fault Cash-Only Payment Plan
US Bankruptcy judge Martin Glenn in Manhattan will hold a hearing today on Giddens's plan to transfer about $520 million in collateral to commodity customers whose accounts consisted solely of cash on Oct. 31, when the parent company filed for
Updated: 11/17/2011 10:30A
Westbrook developer's firm files for bankruptcy
Six of the creditors are law firms, which Snyder retained in the past for various legal services, totaling $219000. The remaining creditors are a design firm, a public relations company in Portland, and two other firms. The future of the property,
Updated: 11/17/2011 10:30A
MF Global casts a shadow, 'lessons' seen
The bankruptcy of MF Global has cast a shadow on commodity trading, reports University of Missouri economist Melvin Brees. "This situation may also lead to changes in how risk management strategies and financing of these strategies are viewed.
Updated: 11/17/2011 10:26A
The Daily Docket: General Maritime Plunges Into Bankruptcy
The Los Angeles Dodgers sued Fox Sports in bankruptcy court Wednesday for allegedly interfering with the team's bid to sell its valuable broadcast rights. Read the DBR article via WSJ. According to the New York Times, the Pension Benefit Guarantee
Updated: 11/17/2011 10:26A
Greek government faces anti-austerity protests, news, StarAfrica.com
Thousands of Greek police deployed across Athens on Thursday for a demonstration testing the scale of public defiance against austerity measures demanded by the new government to avert bankruptcy. Students and unionists are expected to turn out in
Updated: 11/17/2011 10:20A
Greeks stage protest rally after new government confirmed
Thousands of Greeks, bitterly opposed to further austerity measures, rallied in Athens on Thursday in the first public test for a new national unity government charged with imposing painful tax rises and spending cuts to avert bankruptcy.
Updated: 11/17/2011 10:19A
New Italian PM Monti aims for growth; students protests, transit walkouts hit
Monti, who also is serving as finance and economy minister, said if Italy fails to grow and does not stay united, "the spontaneous evolution of the financial crisis will subject us all, above all the weakest, to far harsher conditions.
Updated: 11/17/2011 10:18A
Italy hit by protests as PM unveils economic plan
Monti, who also is serving as finance and economy minister, said if Italy fails to grow and does not stay united, "the spontaneous evolution of the financial crisis will subject us all, above all the weakest, to far harsher conditions.
Updated: 11/17/2011 10:16A
General Maritime Files For Chapter 11, Reaches Deal With Lenders
(Genmar) voluntarily filed for Chapter 11 bankruptcy and reached agreements with key senior lenders for a financial restructuring that will allow the oil-tanker company?s operations to continue, according to Dow Jones Newswires.
Updated: 11/17/2011 10:11A
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