Business Events Bankruptcy

  • Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., arrives to testify at a House Agriculture Committee hearing.

    The former chief executive of MF Global has put his Hoboken condominium up for sale with Halliburton Homes, which is listing the unit for $2.9 million.

  • Greece

    There are two primary questions: will a default by Greece actually occur? And, if a default occurs, what will happen?

  • European economic commissioner Olli Rehn at the World Economic Forum.

    A deal with private investors to swap Greece's debt to a more manageable burden is close to being concluded and the next three days are crucial, Olli Rehn, the European Union's monetary affairs commissioner, said during a debate hosted by CNBC in Davos.

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    Talks between Greece and creditor banks aimed at avoiding a disorderly default broke down on Friday amid disaster warnings.

  • Lehman Brothers

    Lehman Brothers is now co-owner of real estate firm Archstone-Smith, the same entity that played a major role in bringing down the infamous Wall Street bank. The New York Times reports.

  • MF Global website

    The investigation into MF Global is intensifying as federal authorities unearth new details and confront potential obstacles in their hunt for roughly $1.2 billion in customer money that disappeared. The New York Times reports.

  • Is Your Stock on the Obsolete List?

    Discussing which once cutting edge tech companies could become obsolete in the near future, with the Fast Money traders.

  • American Airlines

    Shares of AMR Corporation—the bankrupt parent company of American Airlines—are soaring today, as the embattled company makes its debut on the over-the-counter market.

  • iPhone Sales Hang-Up Verizon Profit Margins

    WNBC's Jonathan Dienst, reports iPhone sales hurt Verizon Wireless' profit margins; the American car industry had it's best year since 2008; Liz Claiborne is changing its name to Fifth and Pacific; and Eastman Kodak could be on the verge of bankruptcy.

  • The last four months of the year have seen a big jump in U.S. companies declaring bankruptcy.  In fact, four of the 10 largest bankruptcies of 2011, which span across industries including aviation, telecommunications, energy, and banking, were declared just last month.According to ratings agencies Moody's and Standard & Poor's, the rising trend of corporate defaults is expected to continue into 2012, given global growth uncertainties, the debt crisis in Europe, and tightening funding conditions.

    The last four months of the year have seen a big jump in U.S. companies filing for  bankruptcy protection. We’ve ranked the top 10 bankruptcy filings of 2011, using data from banktruptcydata.com.

  • It is the governance of public pension plans that needs to be restructured to assure that pension funds are being appropriately invested and protected.

  • Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., testifies during a House Financial Services Committee.

    MF Global's former chief Jon Corzine denied allegations before senators on Capitol Hill, after a CME group executive said Corzine might have known about a $175 million loan of customer funds to a European affiliate.

  • MF Global Hearing 12.13.2011

    Jon Corzine is once again distancing himself from an estimated $1.2 billion in customer money that vanished when MF Global collapsed this fall. This time, Corzine has company.

  • Supreme Court to Hear Immigration Case

    Scott Budman, KNTV reports the Supreme Court will hear Arizona's controversial immigration case, with NBC's Pete Williams. Also, Canada is pulling out of the Kyoto Protocol; MF Global's former CEO, Jon Corzine, will testify at a Senate subcommittee on Tuesday; and New Jersey Nets owner and Russian billionaire, Mikhail Prokhorov intends to run against Vladmir Putin for president of Russia.

  • George Soros

    About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.

  • Jon Corzine MF Global testimony

    MF Global's former chief Jon Corzine told Congress Thursday that he doesn't know where the failed brokerage firm's missing client money is and that he inherited a firm doomed by the risks his predecessors took.

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    The first priority of the Commodities Futures Trading Commission is to get the money people entrusted to now-bankrupt MF Global, Commissioner Jill Sommers told CNBC Thursday.

  • CTFC Commissioner on MF Global

    Sharing her expectations from the hearing and the investigation on MF Global's bankruptcy, with Jill Sommers, CFTC commissioner.

  • In March 2010, Jon Corzine had been out of his job as New Jersey governor for two months. At the same time, the derivatives brokerage firm MF Global was looking for a candidate with both executive and financial sector experience to become its chief executive. Corzine, who was also the former CEO of Goldman Sachs, seemed like the perfect fit. Apparently, it wasn’t. On Oct. 31, 2011, the company filed for bankruptcy protection, and Corzine resigned.The MF Global CEO left his post on Nov. 4, 2011,

    A global corporation is no less likely to make questionable executive hiring decisions as the average small business, and CEOs of major corporations have the short tenures on their resumes to prove it.

  • The “Fast Money” traders debate with David Hilder, a highly regarded analyst on Wall Street.