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Monti pledges tough reforms
Monti has appealed to Italians to accept sacrifices to save their country from bankruptcy, but pledged economic growth and greater social cohesion in return. Rome - Italy is facing a serious emergency, new Prime Minister Mario Monti said on Thursday as
Updated: 11/17/2011 07:28P
Tear gas fired at Greek protesters
The protest occurred the day after a national unity government took office charged with imposing painful tax rises and spending cuts to avert bankruptcy. At least 50000 marched past shuttered shops in Athens beating drums, waving red flags and chanting
Updated: 11/17/2011 07:27P
MF Pares Its Wind-Down Ranks
In a bankruptcy court proceeding Wednesday, a lawyer representing MF Global noted the firm was reducing the size of its holding-company staff to four people, down from 13. Jon S. Corzine, who was chief executive as the firm collapsed into bankruptcy,
Updated: 11/17/2011 07:22P
Greek government readies budget, awaits EU/IMF inspectors
ATHENS (Reuters) - Greece's new national unity government submits a 2012 austerity budget to parliament on Friday, its first task in meeting the terms of the country's bailout and avoiding bankruptcy. Technocrat Prime Minister Lucas
Updated: 11/17/2011 07:19P
Apocalypto for Bondholders?
This is unbelievable to investors used to operating under US bankruptcy laws, where creditors come first and (except in rare instances such as the government-backed restructuring of Chrysler) the outcome of a bankruptcy proceeding is fairly predictable
Updated: 11/17/2011 07:10P
Safway takes Waco Scaffolding
Wisconsin based Safway acquired the business in an auction held last week as part of Waco's bankruptcy proceedings. The sale was approved in the bankruptcy court on earlier this week and the deal is expected to close by the end of the month.
Updated: 11/17/2011 07:08P
Muni Investors Undeterred by Jefferson Bankruptcy Add to Mutual-Bond Funds
Investors undeterred by the biggest municipal bankruptcy in US history added money to municipal- bond mutual funds for a sixth straight week. They deposited about $500 million in the period ended
Updated: 11/17/2011 07:06P
Steven Chu, Energy CEO
Republicans were particularly interested in plumbing whether undue political influence played a role in the later terms of this loan to Solyndra, whose investors include an Obama donor. But perhaps the greater merit of the testimony was to provide
Updated: 11/17/2011 07:02P
Fund Transfers Are Focus of MF Global Probe
Regulators have unearthed new details indicating MF Global Holdings Ltd. shifted hundreds of millions of dollars in customer funds to its own brokerage accounts in the days before its bankruptcy filing, according to people familiar
Updated: 11/17/2011 07:01P
Mf Global Said to Have Shifted Hundreds of Millions in Funds
17 (Bloomberg) -- MF Global Holdings Ltd. moved hundreds of millions of dollars from its futures client accounts to its own securities brokerage in the days before its Oct. 31 bankruptcy, according to a person familiar with the audit of the company.
Updated: 11/17/2011 06:56P
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