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Buyers Show Little Interest In Solyndra
A Fremont-based solar panel manufacturer that received a half-billion dollar loan from the federal government has been unable to attract much interest from potential buyers to take over its operations. Instead, Solyndra is looking at a piecemeal sale
Updated: 11/22/2011 01:40P
Financial ETF Roundup: Ex-U.S. Edition (AXFN, FEFN, KBWX, FGEM, EMFN, BRAF
The portfolio is quite top-heavy; four firms, China Life Insurance, China Construction Bank, Industrial and Commercial Bank of China, and Bank of China, account for close to 40% of total assets. CHIX has an expense ratio of 65 basis points,
Updated: 11/22/2011 01:37P
MF Global's Bad Check
In his words: "...this check had a two business day hold at my Credit Union, then the funds cleared on the third day, but the money was clawed back on the fourth day with the innocuous sounding reason 'Refer to Maker.'" Security accounts are insured by
Updated: 11/22/2011 01:34P
Perfect Storm, European Banks Heading for Chapter 11 Bankruptcy
Before accusing me of lunacy on my idea of a market holiday, it's important to point out that banking holidays are not without precedent. In 1933, President Roosevelt declared a bank holiday that ran for an entire week in March of 1933, during which he
Updated: 11/22/2011 01:34P
Paper Banknotes and the Indebting Of Nations, Banking, War And Bankruptcy
In 1694, a Scottish banker, William Patterson, convinced England's King William III to establish a central bank that would issue debt-based paper money alongside gold and silver coins. The king agreed to do so in return for loans to pay his war debts
Updated: 11/22/2011 01:34P
Up to US$1.2 bil. missing from accounts: MF Global trustee
WASHINGTON -- The court-appointed trustee overseeing MF Global's bankruptcy says up to US$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 01:32P
Bankruptcy judge praises Young's efforts
AP US Bankruptcy Judge Thomas Bennett says court-appointed receiver John S. Young has performed well since taking office last year. During a US Bankruptcy Court hearing this week on Young's fate, Bennett said he thinks Young "has done a great job.
Updated: 11/22/2011 01:27P
Jefferies Should Raise $1 Billion in Equity, Egan-Jones Says
22 (Bloomberg) -- Jefferies Group Inc. should raise $1 billion in equity and reduce leverage as MF Global Holdings Ltd.'s bankruptcy increases scrutiny of the investment bank's balance sheet, Egan-Jones Ratings Co. said. Without a "major deleveraging,"
Updated: 11/22/2011 01:26P
OFF BEAT: Power Balance settles false advertising suit, files for bankruptcy
bogus “performance-enhancing” bracelet that enthralled professional athletes, pop culture icons and millions of other consumers, has filed for bankruptcy after reportedly agreeing to settle a class action false advertising lawsuit for $57 million.
Updated: 11/22/2011 01:14P
Power Balance to file bankruptcy, not leaving Sacramento
I'm not going to tell you that the Power Balance wristbands favored by NBA players and other pro athletes are a scam, I'd say do the research. Don't just ask Lamar Odom, actually do the research. That does not mean that the Kings current arena in
Updated: 11/22/2011 01:11P
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