Business Failures
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*Freeh has prepared lawsuit vs MF Global former executives. *Corzine puts blame on those outside MF Global. April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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*Freeh has prepared lawsuit vs MF Global former executives. *Corzine puts blame on those outside MF Global. April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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April 4- Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
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*Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.
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The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
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*Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.
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NEW YORK/ DETROIT, March 28- Fisker Automotive, the green-car company that has not built a car since July, has hired law firm Kirkland& Ellis to advise it on a possible bankruptcy filing, a person close to the matter said on Thursday.
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NEW YORK, March 27- U.S. natural gas futures edged higher on Wednesday for a second straight day, with chilly weather forecasts for the next week or more driving the new front-month May contract to its highest mark in more than 18 months.
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*Deposit flight risk puts new urgency on bank capital plans* Tier 2 seen as best tool to boost capital until mid 2013 By Natalie Harrison and Aimee Donnellan. LONDON, March 27- European banks must accelerate plans to boost their capital on fears that senior bondholders will be forced to take losses in a bank failure sooner than many had envisaged.
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March 26- Fitch Ratings has taken rating actions on the three largest Cypriot banks following the agreement the Eurogroup reached with the Cypriot authorities on Monday morning as a precondition to provide EUR10billion in financial assistance to Cyprus.
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BARCELONA, March 26 Fitch Ratings has taken rating actions on the three largest Cypriot banks following the agreement the Eurogroup reached with the Cypriot authorities on Monday morning as a precondition to provide EUR10billion in financial assistance to Cyprus.
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**DELL INC, Friday close $14.14, up 3 percent premarket. **BLACKSTONE GROUP, Friday close $19.71. The PC-maker confirmed it had received alternative buyout offers from Blackstone Group LP and Carl Icahn, following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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*Aurelius says unit's directors shortchanged creditors. Aurelius accused Energy Future Chief Executive John Young and the other directors of showing a "demonstrated indifference" to creditors stemming in part from conflicts of interest, and said these directors should pay the interest owed.
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*Aurelius says unit's directors shortchanged creditors. Aurelius accused Energy Future Chief Executive John Young and the other directors of showing a "demonstrated indifference" to creditors stemming in part from conflicts of interest, and said these directors should pay the interest owed.
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LONDON, March 19 Fitch Ratings has assigned NGG Finance Plc's EUR1.25bn and GBP1bn subordinated hybrid securities a final rating of' BBB-'. The 63 year EUR1.25bn notes have an initial coupon of 4.25% and a seven-year reset period starting on 18 June 2020. The 60 year GBP1bn notes have an initial coupon of 5.625% and a 12 year reset period starting on 18 June 2025.
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Dex One, formerly known as R.H. Donnelley Corp, and SuperMedia agreed last year to combine their businesses, with Dex One shareholders expected to own about 60 percent and SuperMedia shareholders the rest of the combined company.
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NEW YORK, March 15- MF Global Holdings revealed new details about its proposed bankruptcy plan in court papers filed on Friday. The initial members are Andrew Shannahan, of Knighthead Capital LLC; Joe Kronsberg, of Cyrus Capital Partners; and Austin Saypool, of Silver Point Capital, according to one of the filings on Friday.