Unstructured Finance

MF Global a month later and still a mystery

November 27, 2011

By Matthew Goldstein

It’s been about a month since MF Global began spiraling towards bankruptcy and still there’s no clarity about what happened to the missing customer money that was supposed to be kept in untouchable, segregated accounts. It’s not even clear how much money is missing.

MF Global and the rubber check

November 5, 2011

By Matthew Goldstein

With the mystery of the missing $600 million in customer funds at MF Global Financial still unresolved, a lot of customers of the failed futures firm are starting to complain about getting bounced checks.

Deals wrap: Splitting up ConocoPhillips

July 14, 2011

Integrated energy company ConocoPhillips said it would split its businesses into two stand-alone, publicly traded corporations by spinning off its refining and marketing business.

Deals wrap: Dodgers strike out

June 27, 2011

The Los Angeles Dodgers filed for bankruptcy protection, blaming Major League Baseball for refusing to approve a television deal with News Corp’s Fox Network to give the financially strapped baseball team a quick injection of cash.

Deals wrap: Blavatnik’s Access Industries wins bid for Warner Music

May 6, 2011

The headquarters of Warner Music Group is pictured in Burbank, California August 5, 2008. REUTERS/Fred Prouser

Deals wrap: Can Genzyme play hardball?

August 16, 2010

A sign marks the headquarters of Genzyme in Cambridge, Massachusetts August 3, 2010. REUTERS/Brian Snyder   Genzyme may be holding out for more money from suitor Sanofi-Aventis, but will find it difficult to persuade investors it is better off on its own.  *View article *View Genzyme timeline

Deals wrap: Selling the ex-bankrupts

August 4, 2010

A Chevrolet logo is seen on a car displayed on the exhibition stand of Chevrolet during the first media day of the 80th Geneva Car Show at the Palexpo in Geneva March 2, 2010.      REUTERS/Valentin Flauraud General Motors’ coming initial public offering may be a hard sell. After all, the automaker burnt investors with its Chapter 11 filing a little over a year ago. The IPO of GM and, in time, those of other cleaned up ex-bankrupts like Delphi and Chrysler, deserve cautious investor interest. *View article

General Growth battle intensifies

May 6, 2010

The battle for control of General Growth, owner of shopping centers across America, continues, as it  weighs two rival offers.

Blockbusted – Icahn cuts stake in troubled video chain

March 31, 2010

Blockbuster‘s biggest shareholder, and one of the market’s most prominent activist investors, is heading for the door, heaping another note of gloom to the video chain’s hopes to avoid bankruptcy.