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Once Hailed For Financial Prowess, Corzine Takes Steep Fall After MF Global
In addition to its bankruptcy filing and lay-offs of more than 1000 employees, MF Global has told investigative authorities that $600 million of customer money is missing. The shortfall was withheld from investigating authorities for five days -- an
Updated: 11/17/2011 05:27P
Legislators support removal of Jefferson County sewer receiver
The resolution specifically supports the Jefferson County Commission's effort to have a federal bankruptcy judge remove Young. Like commissioners, legislators said Young no longer has a role to play, given that the commission last week voted to file
Updated: 11/17/2011 05:24P
Solyndra Has a Cousin in the Poorhouse
At a hearing on Thursday that lasted all of five and half hours, Republicans on the House Energy and Commerce Committee grilled the energy secretary, Steven Chu, on the bankruptcy of the solar manufacturer Solyndra and asked what other loan recipients
Updated: 11/17/2011 05:21P
Thirteen Jones Walker Attorneys Receive "Lawyer of the Year" Honors from The
Jeffrey R. Barber, named the Litigation—Bankruptcy Lawyer of the Year, Jackson, MS Robert B. Bieck, Jr., named the Litigation – Securities Lawyer of the Year, New Orleans, LA George F. Bloss, III, named the Medical Malpractice Law—Defendants Lawyer of
Updated: 11/17/2011 05:19P
Delphi Ends First Day Of Trade Down 3%
(GM) 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: 11/17/2011 05:18P
Probe Points to MF Use of Segregated Customer Funds
Regulators have unearthed more details about MF Global Holdings Inc.'s activities in the days before its bankruptcy filing that suggest the securities firm shifted hundreds of millions of dollars in customer funds to its own
Updated: 11/17/2011 05:17P
Trailer Bridge Announces Stock to Be Delisted
This decision by Nasdaq comes following the Company's announcement on November 16, 2011 that it filed a petition for protection under Chapter 11 of the US Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida.
Updated: 11/17/2011 05:15P
Jefferson County bankruptcy another Alabama "punt"
Jefferson County's bankruptcy filing surprised many, but for Alabama politicians, it was another in a series of incidents in which local officials are unable to solve problems and instead "punt" them to the federal level.
Updated: 11/17/2011 05:10P
Italy's new gov't passes first confidence vote
Against the backdrop of anti-austerity protesters clashing with riot police, Italy's new premier appealed to Italians on Thursday to accept sacrifices to save their country from bankruptcy. (Nov. 17) (/The Associated Press) Correction: Clarification:
Updated: 11/17/2011 05:08P
Economist: Detroit Will Default In 4 Months
By Katy ByronCNN Business Producer The home to America's Big Three automakers has until spring to straighten out its budget problems or the city could face bankruptcy or, worse, potential default on its largest debt obligations.
Updated: 11/17/2011 05:07P
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