TODAY'S TOP HEADLINES
An Ill-Fated Firm Is Ready to Move On Bedeviled in the past by a clutch of troubled owners, including MF Global, the Washington Research Group, whose 20 employees were fired last Friday, has been on a desperate search for a 10th owner.
It looks as if it has found one. The firm is in talks to be acquired by Guggenheim Partners, the fast-growing financial services firm, said two people with knowledge of the talks who requested anonymity. There are several other interested parties, including Royal Bank of Canada and Macquarie of Australia. A deal could be announced as soon as Friday, though it might still fall apart.
Day 2: Inside MF Global's Bankruptcy Hearing A proposal to make cash distributions to MF Global customers was the focus of a hearing on Thursday at the federal bankruptcy court in Manhattan. DealBook provided live coverage of the proceedings.