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Thousands march in Athens protest
THOUSANDS of protesters are demonstrating in Athens against austerity measures demanded by the new unity government to persuade its creditors to release bankruptcy-saving loans. "We will throw all of them out," promised a banner held aloft by students,
Updated: 11/17/2011 10:07A
Small Businesses and Nonprofit Organizations Are Hit Hard by Employee Fraud
Management and board members need to recognize the red flags and act early to stop fraud, according to an authority on forensic accounting. "Organizations pay a high price for fraud," says Sareena Malik Sawhney, MBA, CFE, CFFA, a forensic accountant
Updated: 11/17/2011 10:02A
MF Global Commodity Traders Fault Liquidator's 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 10:02A
Blogging the Solyndra hearing
(Paul Sakuma/AP) At 10 am today, Energy Secretary Steven Chu will go before the House Energy and Commerce Committee to testify about the Solyndra bankruptcy. We'll be blogging the hearing and weighing in with analysis here and there, so check this post
Updated: 11/17/2011 09:58A
Fox responds to Dodgers' lawsuit
MILWAUKEE -- Hours after the Dodgers filed a lawsuit against Fox for interfering with the sale of the club and future broadcasting rights, Fox countered on Wednesday night by telling the same Delaware
Updated: 11/17/2011 09:51A
Jefferies Group CEO sees turmoil easing
Jefferies came under pressure from short sellers after MF Global's $6.3 billion bet on European debt led to an Oct. 31 bankruptcy and spurred scrutiny of similar stakes at financial firms. Jefferies CEO Richard Handler says turmoil around the company's
Updated: 11/17/2011 09:51A
Economy Post office near default? Losses mount to $5.1B
WASHINGTON (AP) The US Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail
Updated: 11/17/2011 09:50A
Bankrupt Dodgers sue Fox Sports
(AP Photo/Alex Gallardo) The Dodgers sued Fox Sports on Wednesday morning, alleging that the television company is trying to “interfere” with the sale of the team in bankruptcy. In a sharply worded court filing Wednesday night, Fox said it would ask
Updated: 11/17/2011 09:48A
MF Global, Sumo, Dodgers, Giordano's, Lehman: Bankruptcy
(This report contains items about companies both in bankruptcy and not in bankruptcy. Carla Main is substituting for Bill Rochelle today. Updates with Abbott Magnolia and Sumo Development in New Filings, Madoff trustee fees and Stanford receivership in
Updated: 11/17/2011 09:42A
Company in botched I-84 project going bankrupt
By AP A company that supervised the botched Interstate 84 highway widening project in the Waterbury area is seeking bankruptcy protection, listing the state of Connecticut as its largest potential creditor. The Maguire Group's petition, filed Oct. 24
Updated: 11/17/2011 09:39A
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