Headlines

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Format: 07-26-2014
December 19, 2012
While thousands of former MF Global Holdings Ltd. customers still do not have a chunk of their money more than a year after the brokerage firm's collapse, some of its big clients largely avoided similar losses thanks to arrangements struck with the firm before its demise, the Wall Street Journal...
December 19, 2012
UBS AG, Switzerland’s biggest bank, must pay about 1.4 billion Swiss francs ($1.5 billion) to U.S., U.K. and Swiss regulators for trying to rig global interest rates, triple the penalties levied against Barclays Plc., Bloomberg News reported today. Fines from the U.S. Commodity Futures Trading...
December 19, 2012
Centennial Beverage Group has filed for chapter 11 protection saying that it owes more than $10 million to lenders, the Fort Worth (Texas) Star-Telegram reported today. Debtor attorney Robert D. Albergotti of Haynes and Boone said that Centennial would restructure without the need of traditional...
December 19, 2012
For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts and lower pay, but the 81-company Standard & Poor’s 500 Financial Index is up 27 percent this year, its largest annual increase since 2003, Bloomberg News reported yesterday. Nine banks --...
December 19, 2012
Bankruptcy Judge Mary Walrath on Monday said that LSP Energy can take $13.25 million off of the nearly $300 million purchase price for its Mississippi power plant as the sale is held up by an outage that began in September, Dow Jones DBR Small Cap reported today. LSP last month sought permission to...
December 19, 2012
Securities and Exchange Commission Chairman Elisse Walter may hire as her top lawyer a former enforcement director from the main U.S. derivatives regulator, Bloomberg News reported yesterday. Geoffrey Aronow, a partner at law firm Bingham McCutchen LLP, has been interviewed by Walter and is the...
December 18, 2012
A life insurer that purchased $35 million in notes issued by Dewey & LeBoeuf has sued three of the defunct law firm's former top executives, accusing them of concealing the firm's "serious financial problems" to raise money from potential bondholders, Reuters reported yesterday. U.S. units of...
December 18, 2012
The office of the U.S. Bankruptcy Trustee is asking a judge to either dismiss the chapter 11 petition from Aletheia Research and Management either to reorganize its finances or appoint a trustee to manage the firm, or convert the proceeding into a chapter 7 liquidation, according to Pensions &...
December 18, 2012
LodgeNet Interactive Corp., a provider of cable TV, on-demand movies, Nintendo video games and Internet services to hotels and hospitals, said that it will likely have to file for bankruptcy protection by the end of December, Reuters reported yesterday. LodgeNet said that it was unable to pay $26...
December 18, 2012
Journal Register Co.'s sale plans have elicited protests from parties, including the Pension Benefit Guaranty Corp. (PBGC), which said it is taking aim at the company's "rushed" efforts to auction off its assets, Dow Jones DBR Small Cap reported yesterday. The newspaper publisher is aiming for an...
December 18, 2012
An American company that lost out in its bid for the assets of failed, federally backed battery maker A123 is appealing a judge's decision last week to sell the company to a Chinese competitor, The Washington Times reported yesterday. The sale of A123 Systems to Chinese-based Wanxiang has prompted...
December 18, 2012
While much of Washington is consumed by the debate over tax increases scheduled to take effect next year, big tax hikes already have gone into effect for millions of families and businesses this year, The Associated Press reported yesterday. More than 70 tax breaks enjoyed by individuals and...