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MF Global Looted Customer Accounts
Instead, reckless speculation replaced investing and sound lending policies. Wall Street's ideology is bankrupt, "and it's causing global damage to the economy. For investment banks, the five biggest houses got waivers on leverage rules.
Updated: 11/22/2011 03:52A
Perdue delays facility's move
The high corn prices that have already nudged two Sussex County poultry producers into bankruptcy are causing deep uncertainty in lower Delaware's billion-dollar chicken industry. Salisbury, Md.-based Perdue Inc. is delaying a plan to move a
Updated: 11/22/2011 03:48A
John Smale dies at 84; executive led Procter & Gamble, GM
Smale served as P&G's chief executive officer from 1981 to 1990 in a career that spanned 43 years at the Cincinnati-based company. Under his leadership, Procter & Gamble entered 23 new countries, added 15 business categories and doubled annual sales,
Updated: 11/22/2011 03:33A
$1.2bn shortfall discovered in MF Global's customer funds
Hours after the statement, the bankrupt MF Global parent filed court papers along with JPMorgan Chase & Co, one of its key lenders, seeking the rare appointment of a separate trustee to take over the company's assets in bankruptcy.
Updated: 11/22/2011 03:30A
Kings support arena sponsor despite bankrupt file
SACRAMENTO -- Power Balance, the Southern California wristband company that purchased the naming rights of the Sacramento Kings' arena earlier this year, filed for bankruptcy protection last week, documents show. The company's filing for
Updated: 11/22/2011 03:17A
MF Global trustee: $1.2 billion is missing
AP WASHINGTON — The court-appointed trustee overseeing MF Global's bankruptcy says up to $1.2 billion is missing from customer accounts, double what the firm had reported to regulators last month. The trustee, James Giddens, also said in a statement
Updated: 11/22/2011 03:13A
Power Balance forced into bankruptcy
The manufacturer of rubber hologram wristbands that claim to increase strength and flexibility is about to declare bankruptcy. According to some reports a settlement amount of up to $57 million is on the cards after customers sued Power Balance
Updated: 11/22/2011 03:08A
Firm that gave its name to Kings' arena files for bankruptcy protection
Power Balance, the company whose name is emblazoned on the Sacramento Kings' arena, has filed for bankruptcy protection and could be forced to repay tens of millions of dollars to customers who bought its popular silicone bracelets.
Updated: 11/22/2011 03:01A
In Wednesday's paper
Food editor Juanita Ng talks with the celebrated TV chef Michael Smith about his newest cookbook, upcoming television shows and, of course, food, in Wednesday's Vancouver Sun. A man, named as "Alejandro" by fellow protesters, was arrested by Vancouver
Updated: 11/22/2011 02:57A
Harrisburg could use bankruptcy option
This means that the option to enter bankruptcy must be restored to the city. While the crisis can be solved outside of Chapter 9, every option must be explored before filing and the threat of bankruptcy is a powerful tool that can be used to gain
Updated: 11/22/2011 02:46A
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