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Former Gov. Corzine might be in trouble over MF Global
A bankruptcy trustee today said that as much as $1.2 billion in customers' funds is missing. Jon Corzine took over as head of MF Global shortly after he stepped down as Governor of New Jersey. During that time, he bet heavily on European sovereign debt
Updated: 11/21/2011 08:16P
Fitch Affirms PPL Montana, LLC at 'BBB'; Revises Outlook to Negative
In addition to the sources of information identified in Fitch's Revenue-Supported Rating Criteria, this action was additionally informed by information from Creditscope. --'Rating Criteria for Infrastructure and Project Finance' dated Aug. 16, 2011.
Updated: 11/21/2011 08:15P
Monkeys from bankrupt San Antonio refuge get new home
As part of a technology change, commenting will not be available on some articles for a number of months. Read more about the change here. By Will Weissert ASSOCIATED PRESS A baboon and 112 macaque monkeys, including one once kept illegally as a pet in
Updated: 11/21/2011 08:12P
The “Vinashin debt”
VietNamNet Bridge – What will happen with Vinashin, which is facing a lawsuit to be raised by foreign creditors? The fact that Vinashin still has not reached any agreement with foreign creditors about the way to deal with the 600 million dollar debt
Updated: 11/21/2011 08:07P
Wristband manufacturer Power Balance files for Chapter 11 bankruptcy
Known for its wristbands that were designed to promote increased athletic performance, Power Balance has filed for bankruptcy. The motion comes after a September court ruling declared that they return more than $57 million to customers on the basis of
Updated: 11/21/2011 08:05P
Senator Roberts Renews Call for MF Global Hearing
WASHINGTON, DC – Senator Pat Roberts on Monday once again called on the Senate Committee on Agriculture, Nutrition and Forestry to hold a special hearing examining the MF Global bankruptcy after it was discovered that the total amount of missing client
Updated: 11/21/2011 08:05P
Weil, Gotshal & Manges | Weil Team Facilitates Sale of Dallas Stars Hockey Team
Benefits partner Michael Kam and associate Adam Mendelowitz; IP Transactions partner Karen Ballack and associate Kwang-chien Ger; Real Estate attorney Leslie Smith; Environmental Transactions partner Annemargaret Connolly; Antitrust counsel John
Updated: 11/21/2011 08:02P
CME grapples with MF Global's missing $1.2B
and within the law to get some accounts restored. CME also said it will pledge $50 million from its charitable trust to make customers whole and provide an additional $250 million guarantee to help get other funds released through bankruptcy court.
Updated: 11/21/2011 08:01P
Bankruptcy won't interrupt power for Southern customers
That's the end result of an initial bankruptcy hearing in a federal courtroom in Billings on Monday. Last month, Southern filed for Chapter 11 bankruptcy due to an "acute cash-flow crisis." Court documents show the company currently owes between $100
Updated: 11/21/2011 07:58P
Missing MF Global Funds Could Top $1.2 Billion
The jump from the original estimate of a $600 million shortfall also cast deeper doubt about the ability of the bankruptcy trustee to make former MF Global customers whole anytime soon—or perhaps ever. The outcome "will all depend on how much more
Updated: 11/21/2011 07:54P
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