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FrontPoint, UBS, BNY Mellon, Transocean, Fannie in Court News
MF Global Holdings, which was run by former Goldman Sachs co-chief executive officer Jon Corzine, filed for bankruptcy Oct. 31 after making bets on sovereign debt and getting margin calls. The New York-based company listed debt of $39.7 billion and
Updated: 11/21/2011 12:20A
Settlement eyed in Russell 150 case
HARRISONBURG -- A settlement has been proposed between the stalled developer of a 150-acre property in Frederick County and interested parties, according to online US Bankruptcy Court records.
Updated: 11/21/2011 12:15A
Deficit plan stops short of solutions
Municipal finance experts say an emergency manager has to be decisive, experienced and unafraid. "An emergency manager would need the confidence that his/her actions would be controversial (and) would adversely impact whole groups of folks as oxen
Updated: 11/21/2011 12:05A
Hedge fund selling pushes Delphi IPO to low price range Europe's debt crisis looms
The supplier was incorporated in England in 2009 by the investors that brought it out of bankruptcy. Last week's IPO happened at the behest of billionaire hedge fund manager John Paulson, who runs a $28 billion fund under New York-based Paulson & Co.
Updated: 11/21/2011 12:04A
Energy awareness shortage
But in the costly case of solar-energy company Solyndra's bankruptcy, Energy Secretary Steven Chu still seemed in the dark Thursday while testifying before a House committee. Secretary Chu gamely admitted that the "final decisions on Solyndra were mine
Updated: 11/21/2011 12:03A
MF Global clients still seek billions
While authorities have touted the fact that they are returning 60 percent of the collateral and cash that had been frozen in the wake of the broker's Oct. 31 bankruptcy, a closer look shows that in fact only about 40 percent of customers' total funds
Updated: 11/21/2011 12:00A
Magnolia subdivision site in foreclosure
Now, the development firm has filed for bankruptcy, and saying it owes more than $10 million, with assets between $1 and $10 million. And the property, running between Magnolia Avenue and Ryan Road, will head to the foreclosure auction block in January
Updated: 11/20/2011 11:57P
Solyndra roundtable: future renewable energy investment is at risk
Energy Secretary Dr. Stephen Chu appeared before the House Energy and Commerce Oversight and Investigations Subcommittee last Thursday to defend the administration's US $535-million investment in Solyndra. Chu remained unflappable under fierce
Updated: 11/20/2011 11:55P
Southern Montana Electric to have first bankruptcy hearing Monday
Another key player in the bankruptcy will be Prudential Insurance. Because of a cash collateral agreement with Prudential, the company will have input on how SME revenue is used. It's also possible the court could appoint a trustee to oversee the
Updated: 11/20/2011 11:34P
NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com
The cause was brain cancer, according to a statement from sports marketing giant IMG, where Forstmann served as chairman and CEO after acquiring the company in 2004. A pioneer of the leveraged buyout business, celebrity bachelor and free market
Updated: 11/20/2011 11:18P
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