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Is Collapse of MF Global the Start of the Run on America?
In part because when MF Global entered bankruptcy the judge appointed a Trustee whose law firm has done substantial work for JP Morgan, a deeply interested party.... This whole mess stinks to high heaven.... If the largest commodity broker in America
Updated: 11/22/2011 06:49P
MF Global Customers Missing $1.2 Billion Denied Committee
22 (Bloomberg) -- MF Global Inc. brokerage customers, who may be missing more than $1.2 billion from their accounts, won't be allowed to form a committee to represent their interests in bankruptcy court, a judge ruled. Customer accounts believed to
Updated: 11/22/2011 06:43P
S&P rates Delphi Automotive debt 'BB'
S&P said the offshoot of General Motors Co. would keep debt down and had reduced costs through bankruptcy enough to boost profits over the next two years. It said the company as adequate liquidity and no large debt maturities looming soon.
Updated: 11/22/2011 06:35P
Torre Has Been Approached About Dodgers
It is a tantalizing thought as potential buyers queue up to acquire the team from Frank McCourt out of federal bankruptcy court: a former manager of the team as its part owner and maybe even its president.
Updated: 11/22/2011 06:32P
OVERNIGHT MONEY: Corzine heading to Capitol Hill next month
On Tuesday, the House Financial Services Committee announced that it was calling Jon Corzine, a former Democratic governor and senator from New Jersey, to testify about the demise of MF Global, the hedge fund that he ran before it filed for bankruptcy
Updated: 11/22/2011 06:31P
Solyndra may sell assets piecemeal at auction
So Solyndra is now looking selling its assets piecemeal, with separate auctions for equipment, real estate and intellectual property. Company representatives blame the lack of interest on the economy, not on the political fallout stemming from
Updated: 11/22/2011 06:30P
Brizzi To Repay Nearly $200K In Durham Contributions
According to court documents, the bankruptcy trustee for Durham's failed Fair Finance business said he has already received $170811 from Brizzi for Prosecutor and $15000 from Brizzi personally. Brizzi also agreed to pay another $10000 in monthly
Updated: 11/22/2011 06:23P
Tribune Co. to pay former CEO Randy Michaels $675K in settlement
The company will also cover $50000 in Michaels' legal fees, according to documents filed Tuesday in US Bankruptcy Court in Delaware. Michaels, who resigned under pressure after news reports alleging he created a sexually charged "frat house" atmosphere
Updated: 11/22/2011 06:16P
Caught! Jon Corzine on Film
Corzine hasn't been seen publicly since his firm filed for bankruptcy protection three weeks ago. This video (watch below) is basically a short clip of the back of a man walking into a swanky-looking Manhattan apartment building, but FBN says it's
Updated: 11/22/2011 06:11P
Solyndra eyes fallback plan to sell machinery
The company had a $535 million loan that was guaranteed by the Department of Energy. The company's failure has been an embarrassment for the White House after President Barack Obama visited the company last year. His administration has promoted clean
Updated: 11/22/2011 06:01P
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