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Borders Card Holders Left With Squat
A judge ruled on Wednesday that customers who hold $210.5 million in gift cards from the defunct Borders chain aren’t eligible for refunds. About 17.7 million gift cards were outstanding when Borders began liquidating its stores in July 2011 after failing to attract offers for...
abcnews.com (2 days ago)
Borders Gift Card Holders Left With Squat
A judge ruled on Wednesday that customers who hold $210.5 million in gift cards from the defunct Borders chain aren’t eligible for refunds. About 17.7 million gift cards were outstanding when Borders began liquidating its stores in July 2011 after failing to attract offers for...
abcnews.com (2 days ago)
XLF Mega Bear Spreads
Halfway through the second quarter, the S&P 500 is up 6.5% YTD and continues to blast through new record highs. In contrast to the first quarter when the leadership came from healthcare, utility, and consumer staple names, financials are the top performers since March. SPDR Financial Fund (XLF) is up more than...
thestreet.com (4 days ago)
Lansing's Capitol Bancorp tries new strategy
Unable for a year to attract a major infusion of outside cash and with three of its community banks seized by regulators in less than a week, Lansing's Capitol Bancorp filed a 'Joint Liquidating Plan' on Thursday in bankruptcy court.
lansingstatejournal.com (6 days ago)
William Conour seeks more time to explain missing assets
Former Indianapolis attorney William F. Conour has asked a federal judge for an extension to explain why he apparently violated conditions of his bond by liquidating tens of thousands of dollars in assets without court approval.
indystar.com (6 days ago)
Paulson Gold Fund Down 27% In April
Curious who the biggest casualty of last month's forced precious metal take down is? It may very well be John Paulson, who has systematically been blown out of all his concentrated positions in the past few years, and who, according to Bloomberg, just lost a record 27% in one month in his gold fund. If anything, it...
zerohedge.com (18 days ago)
Gold And Silver Bullion Coin And Bar Shortages Continue
Today’s AM fix was USD 1,476.50, EUR 1,124.95 and GBP 949.34 per ounce. Yesterday’s AM fix was USD 1,456.00, EUR 1,106.22 and GBP 935.07 per ounce. Cross Currency Table – (Bloomberg) Gold rose $8.10 or 0.56% yesterday to $1,466.80/oz and silver finished + 0.68%. Physical demand for coins and bars internationally...
zerohedge.com (21 days ago)
Russia NGO Checks Not Aimed at Liquidation – Top Prosecutor
Russian Prosecutor General Yury Chaika said on Sunday the recent inspections of Russian non-governmental organizations (NGOs) are aimed at establishing their compliance with the law, not at liquidating them.
rian.ru (26 days ago)
Cyprus Parliament To Vote On Bail-out After All: Fire And Brimstone Threats Begin
When the final "bailout" structure of the Cypriot deposit-confiscatory bail-in was revealed in late March, the implied victory for the Troika (which has since notched up its demands for the insolvent country to now sell its 14 tons of gold) was that instead of the deposit haircut passing as a tax, and thus needing a...
zerohedge.com (1 month and 7 days ago)
Gold Crashes and Asia Sinks
Good Morning Investors Gold is crashing this morning, falling over $90 to $1413 per ounce. This move is looking to be largely based on institutional liquidation in Asia where Japanese bonds are being sold. The Bank of Japan announced a massive $1.2 trillion QE effort on April 6. The move was lunacy given that Japan...
zerohedge.com (1 month and 9 days ago)
In need of cash, Lance sells his $10M Austin home at a discount
Disgraced former cyclist Lance Armstrong is liquidating some assets amid the Texas-sized legal woes that may end up costing him the lion's share of his ill-gotten gains.
nydailynews.com (1 month and 12 days ago)
Disgraced cycling cheat Lance Armstrong sells his $10M Texas mansion — where he told Oprah about...
Armstrong is liquidating some assets amid the Texas-sized legal woes that may end up costing him the lion's share of his ill-gotten gains.
nydailynews.com (1 month and 13 days ago)
In need of cash, Lance sells $10M home at a discount
Disgraced former cyclist Lance Armstrong is liquidating some assets amid the Texas-sized legal woes that may end up costing him the lion's share of his ill-gotten gains.
nydailynews.com (1 month and 13 days ago)
Tough times force Armstrong to sell his $10M home at a major discount
Disgraced former cyclist Lance Armstrong is liquidating some assets amid the Texas-sized legal woes that may end up costing him the lion's share of his ill-gotten gains.
nydailynews.com (1 month and 13 days ago)
When Will Deposit Haircuts Take Place In Other European Countries?
When all is said and done, what happened in Cyprus over the past two weeks, is nothing but the culmination of re-marking the "assets" in the country's financial system (which as noted previously, were a preponderance of worthless Greek bonds and countless other non-performing loans), long priced at assorted "myth"...
zerohedge.com (1 month and 27 days ago)
Meet The "Experienced And Versatile" Ms. Antoniades: The Woman Liquidating Cyprus' Banks
It is perhaps oddly fitting that Andri Antoniades "an experienced and versatile Senior Executive Banker with a proven track record of success (who lists "travelling [sic], cooking and community work" as his interests") i.e., the "special administrator" just announced by the Cyprus Central Bank to implement last...
zerohedge.com (2 months and 2 days ago)
JPMorgan, MF Global trustee reach $546M settlement
JPMorgan Chase & Co. has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage's customers.
chicagotribune.com (2 months and 7 days ago)
JPMorgan, MF Global Inc trustee reach $546 million settlement
(Reuters) - JPMorgan Chase & Co has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage's customers.
reuters.com (2 months and 7 days ago)
JP Morgan Deal Releasing $546M To MF GLobal Clients
J.P. Morgan Chase Co. (NYSE:JPM.N) has reached a settlement of $546 million with the trustee liquidating the failed broker-dealer unit of MF Global Holdings Ltd. (OTC:MFGLC.PK), according to a court filing. The deal brings customers' efforts to recover money from the securities firm's 2011 collapse closer to...
ibtimes.com (2 months and 7 days ago)
JPMorgan, MF Global Trustee Reach Settlement
JPMorgan Chase has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global, a court filing showed, an amount that will help repay the brokerage's customers.
cnbc.com (2 months and 7 days ago)
JPMorgan, MF Global Inc trustee reach settlement
(Reuters) - JPMorgan Chase & Co has agreed to pay $100 million to MF Global Inc as part of a settlement reached with the trustee liquidating the broker-dealer unit of MF Global Holdings , a court filing showed.
reuters.com (2 months and 7 days ago)
Germany Enters With The Grace Of A Bull In An Liquidating Cyprus China Shop
When you have a few good bureaucratic central planners preserving a broke monetary regime, what can possibly go wrong? Perhaps headlines such as these: Senior German Official - No Idea When Or If Cypriot Parliament Will Vote On Proposed Bailout Programme Senior German Official - Situation In Cyprus Is Bad, Reasons...
zerohedge.com (2 months and 8 days ago)
Stanford receivers reach settlement with Antigua in fraud case
(Reuters) - U.S. and Antiguan officials liquidating Allen Stanford's offshore bank said they have reached a settlement that would return a substantial portion of $300 million in frozen assets to the victims of Stanford's fraud, a court filing showed.
reuters.com (2 months and 14 days ago)
Two private equity firms to buy Twinkies, other Hostess brands
Twinkies, the cult favorite snack brand orphaned by its liquidating parent company, Hostess Brands Inc., may have a new home.
latimes.com (2 months and 14 days ago)
Guggenheim Exits Leveraged and Inverse ETF Business
NEW YORK (TheStreet) -- Guggenheim Investments recently announced the closure of nine exchange-traded funds. The last day of trading will be this Friday, March 15. Liquidation values will be determined on March 21 and will reflect expenses encountered in the closing of the ETFs. It is therefore imperative that...
thestreet.com (2 months and 14 days ago)
Creditors claim bankrupt John L. Smith dumped $2M
LITTLE ROCK, Ark. — Creditors are trying to block former Arkansas coach John L. Smith from liquidating $40.7 million in debt, saying he moved several properties and more than $2 million from his holdings prior to filing for Chapter 7 bankruptcy protection.Federal bankruptcy court filings by Smith’s creditors say he...
standard.net (2 months and 18 days ago)
Creditors claim bankrupt Smith dumped $2M
LITTLE ROCK, Ark. (AP) -- Creditors are trying to block former Arkansas coach John L. Smith from liquidating $40.7 million in debt, saying he moved several properties and more than $2 million from his holdings prior to filing for Chapter 7 bankruptcy protection....
ap.org (2 months and 18 days ago)
Merrill Of America Cuts JCP Price Target To $13 On Pending Revolver Draw
When we reported on JCPenney's horrendous quarterly results, we made the comments that when "speaking of [the] credit facility, JCP had no borrowings under its 2012 Revolver, and about $1.3 billion available net of L/Cs. Expect these numbers to change." The reason we pointed this out, is that the second a retailer...
zerohedge.com (2 months and 22 days ago)
Hostess gives $17.9 million in claims to end retiree benefits
Hostess Brands Inc., the liquidating baker of Wonder bread, settled with unions, allowing the termination of post-retirement health and life insurance benefits for almost 1500 former workers.
northjersey.com (2 months and 29 days ago)
State Avenue IGA closing
After running the South Side IGA grocery store for almost three years, Shayne and Dani Meskimen are liquidating the inventory and will focus on their Lockwood IGA store.
billingsgazette.com (2 months and 30 days ago)
