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Jefferson County Receiver Says Removal Would Harm Muni Market
The 10th Amendment of the US Constitution, which reserves for the states powers not given the federal government, trumps bankruptcy law, he said. Kenneth Klee, an attorney representing the county, is arguing that Young's powers are limited by the
Updated: 11/17/2011 05:55P
MF Global Customers to Receive $520 Million
MF Global CEO Jon Corzine, whose risky bets on sovereign debt have contributed to the company filling for bankruptcy pro... Read Moretection. The judge overseeing the bankruptcy of collapsed MF Global Inc. has approved the release of about $520 million
Updated: 11/17/2011 05:54P
JeffCo lawmakers: remove sewer receiver
They argue now that the bankruptcy procedure is underway Young is no longer needed on the county payroll. The lawmakers are also concerned Young will raise sewer rates. "The receiver is not necessary. You've got a sewer department that can operate and
Updated: 11/17/2011 05:50P
JeffCo Delegation: remove sewer receiver
They argue now that the bankruptcy procedure is underway Young is no longer needed on the county payroll. The lawmakers are also concerned Young will raise sewer rates. "The receiver is not necessary. You've got a sewer department that can operate and
Updated: 11/17/2011 05:47P
'Green News Report' - November 17, 2011
IN TODAY'S RADIO REPORT: Political kabuki theatre in the US House over the Solyndra bankruptcy; Obama says "climate change", but only in Australia; It's official: the weather is getting weirder; PLUS: Harvesting water from the desert air.
Updated: 11/17/2011 05:45P
Linder's Furniture Closing All Stores
Linder's Furniture, a Southern California furniture, mattress and electronics chain that has operated for 31 years, is closing all 11 stores after filing for a bankruptcy alternative earlier this month. On November 2, Linder's entered into a General
Updated: 11/17/2011 05:42P
MF Global Is Said to Have Used Customer Cash Improperly
At least some of the borrowed customer cash was used to pay off bad bets made by MF Global, regulators suspect, meaning the money is not simply missing. It is gone. MF Global, like other brokers, can borrow customer cash if it puts up sufficient
Updated: 11/17/2011 05:34P
AMR Credit Rating Cut by S&P
For AMR, it was another bad day of trading based on bankruptcy fears, with shares shedding 10 cents, or about 5% of their value, to close at $1.72. During the day, shares sank as low as $1.63, a point last reached in March 2003, when the company was
Updated: 11/17/2011 05:33P
Alabama county bankruptcy was a surprise -receiver
By Chip Barnett NEW YORK Nov 17 (Reuters) - Creditors of Alabama's Jefferson County were "very close" to reaching a deal with the debt-stricken county and were caught off guard when it filed for bankruptcy last week, the court-appointed manager for the
Updated: 11/17/2011 05:32P
Crystal Cathedral board prefers Catholic offer
The announcement came just before a bankruptcy court hearing at which a judge was expected to decide between competing offers from the diocese and Chapman University. The Catholic diocese wants the property for a cathedral of its own,
Updated: 11/17/2011 05:31P
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