Unstructured Finance

M & A wrap: MF Global files for bankruptcy

October 31, 2011

 

MF Global files for bankruptcy, according to a court filing.

Did Corzine’s risk taking cripple MF Global?

Charlie Gasparino sets the stage for MF Global’s current situation.

Australia’s Qantas Airways has seen its share of suitors knocking on the company’s cabin doors before, and with the stock trading at record lows, now may seem to be a good time to welcome a white knight.

Chinese groups Pang Da and Youngman will pump more than half a billion euros ($709 million) into Swedish carmaker Saab, aiming to return the struggling carmaker to profit by 2014.

Every year sees some start-ups that don’t make it from proof-of-concept to maturity. But this year, the situation is particularly bad, entrepreneurs and their potential backers say, simply because there are so many more young companies. And next year they expect it to get worse.

“In their first interview about the crimes of Bernard Madoff, the son and the wife of the man who scammed billions of dollars provide the first inside account from the immediate family,” 60 Minutes reports:

“Groupon Inc. may increase the price range of its initial public offering amid higher-than-expected demand for the shares from investors,” sources tell Bloomberg.

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