More Than 1,000 Mf Global Workers Let Go

More than 1,000 MF Global workers let go

NEW YORK (Reuters) - The brokerage arm of collapsed futures firm MF Global Holdings Ltd has terminated its 1,066-member workforce, according to the trustee in charge of liquidating its assets.

  • Banks Revive Risky Loans and Mortgages
    Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
  • DealBook: Rising Bank Profits Tempt a Push for Tougher Rules
    Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system. More
  • Court OKs Lehman settlements to free up $15 billion for customers
    A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. More
  • Judge denies $20M severance deal for AMR CEOJudge denies $20M severance deal for AMR CEO
    A federal bankruptcy judge has at least temporarily blocked a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways. The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005. More
  • Avon eliminating hundreds of jobs; leaves Ireland
    Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said Monday that the job cuts, which equate to about 1 percent of Avon's 39,100 employees, will occur across all regions and segments. More
  • PwC must face $1 billion lawsuit over MF Global advice - HedgeCo
    ... claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run by...
    08/29/2014 - 11:09 am | View Link
  • UPDATE 1-PwC must face $1 bln lawsuit over MF Global advice - Big News Network
    (Adds lawyer statement, other MF Global litigation, paragraphs 9, 13) By Jonathan Stempel NEW YORK Aug 27 (Reuters) - A federal judge on Wednesday
    08/28/2014 - 8:40 am | View Link
  • MF Global’s $1B suit against PricewaterhouseCoopers to go before ... - Pittsburgh Tribune Review
    ... gives rise to a plausible claim that PwC proximately caused harm to MF Global,” Marrero wrote. MF Global's bankruptcy plan administrator sued...
    08/27/2014 - 12:26 pm | View Link
  • MF Global Inc. Trustee Seeking Authorization for Distributions to ... -
    ... does not apply to any other MF Global entity, including separate insolvency proceedings involving the parent company, MF Global Holdings Ltd...
    08/26/2014 - 8:45 am | View Link
  • MF Global Seeks Permission to Repay Creditors - Wall Street Journal
    MF Global Inc. Trustee Seeking Authorization for Distributions to ... - Yahoo! Finance
    08/26/2014 - 7:38 am | View Link
  • More
  • Sundaram BNP Paribas MF picks up around 2 per cent in 8KMiles
    Early August global fund house DSP Black Rock Mutual Fund had picked 4 per cent in 8KMiles for about Rs 6 crore from the secondary market at a price of Rs 175 apiece. According to BSE data, DSP Black Rock MF had picked up close to 3 lakh shares of 8KMiles ...
    09/17/2014 - 5:53 am | View Link
  • MF Global Investors Seek Class Status
    Law360, New York (September 16, 2014, 1:58 PM ET) -- MF Global investors suing over the broker-dealer's collapse, which wiped out $1.6 billion worth of customer equity, asked a New York federal court Monday for official class status and for the appointment ...
    09/16/2014 - 7:09 am | View Link
  • Research and Markets: Global and Chinese MF Resin Industry Report 2014-2019
    Research and Markets ( has announced the addition of the "Market Research Report on Global and Chinese MF Resin Industry, 2009-2019" report to their offering. Market Research Report on ...
    09/11/2014 - 1:52 pm | View Link
  • MF Global Officers’ Defense Cost Already at $48 Million
    Former officers and directors of MF Global Holdings Ltd. have already spent more than $48 million defending themselves from lawsuits, a sum U.S. Bankruptcy Judge Martin Glenn called “staggering” considering examinations under oath haven’t even begun.
    09/8/2014 - 10:35 am | View Link
  • Judge Allows Corzine and Others to Tap MF Global Insurance
    A bankruptcy judge said he would allow Jon S. Corzine and other former MF Global Holdings Ltd. executives and employees to tap the rest of their insurance money to pay for defense costs, but he is "concerned" with how quickly the money is being spent ...
    09/5/2014 - 9:05 am | View Link
  • More
  • MFGLQ: Stock Quote
    Stock analysis for MF Global Holdings Ltd (MFGLQ:) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
    09/13/2014 - 10:24 pm | View Link
  • MF GLOBAL HOLDINGS LTD., et al. Chapter 11 Website
    MF Global Holdings, Ltd. Chapter 11 Website ... Court Docket. United States Bankruptcy Court Southern District of New York
    09/13/2014 - 9:27 pm | View Link
  • Six Billion Dollar Bet | FRONTLINE | PBS
    FRONTLINE investigates MF Global’s disastrous bet on European debt.
    09/13/2014 - 6:28 pm | View Link
  • MF Global Singapore
    MF Global, the Brokerage division, is one of the world's largest futures and options brokers and commands a global presence with offices that include London, Paris ...
    09/13/2014 - 6:13 pm | View Link
  • Leading Cash and Derivatives Broker-dealer | MF Global
    MF Global delivers trading and hedging solutions across all major markets for futures and options,commodities,fixed income,equities and foreign exchange.
    09/13/2014 - 11:18 am | View Link
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News