YOURSAY | Part of our prized assets is sold to China, wouldn’t your pride be dented? Najib: As promised, 1MDB’s winter is over Saya Pun Nak Cari Makan: On the contrary, PM Najib Abdul Razak. Your nightmare has just begun. In the first place, where has the billions in cold cash disappear to? Selling an…
On Thursday afternoon, EMC announced in a filing with the SEC that it was going to do another round of layoffs. It did not say how many people it will be cutting. It did say that the cuts would cost it about $250 million and said that this was part of its previously announced plans…
If one of your New Year’s resolutions is to get out of debt, good for you! But no matter how big or small your balances might be, you’re probably a bit flummoxed when it comes to how and where to begin. Don’t worry, you’re not alone! Cameron Huddleston, Life + Money columnist for GOBankingRates.com, offers…
Anglo American, the FTSE listed commodities giant, is in serious trouble, and is being forced to undertake what it calls a radical restructuring of its business to try and weather the commodity crash storm. The company unveiled a whole raft of changes to its business on Tuesday morning, and isnt lying when it says they…
December 31, 2015 16:00 ET | Source: BPZ Resources Houston, Texas, Dec. 31, 2015 (GLOBE NEWSWIRE) — As previously announced, on November 12, 2015, the Bankruptcy Court entered an order confirming the Companys Second Amended Plan of Liquidation and Seco… Read the full article at: http://globenewswire.com/news-release/2015/12/31/798886/0/en/BPZ-Resources-Inc-Announces-Effectiveness-of-Plan-of-Liquidation.html
The Alberta Securities Commission. Grant Black / Calgary Herald Share Adjust Comment Print An Edmonton-area man who raised $10.8 million from about 125 investors with a promise of 18 per cent annual returns has been fined $1 million and permanently banned from trading securities or acting as an officer of an issuing company. Wade Robert…
Dutch V&D department store business goes bust 31 December 2015 From the section Business Image copyright AFP Vroom & Dreesman, the largest Dutch department store chain, has declared itself insolvent. The company employs about 10,000 staff at 67 stores and hopes to remain open after a reorganisation of the business. “Together with the curators and…
Department store group V&D was declared bankrupt Thursday afternoon although the stores and La Place restaurants will remain open pending a potential relaunch. The bankruptcy was granted to make it easier to sell off or relaunch parts of the company, a spokesman for the receivers said. A number of potential buyers have come forward and…
Dec 31 Vroom & Dreesman, the largest Dutch department store chain, has been declared bankrupt, it said in a statement published on its website on Thursday. V&D, with 10,000 workers at 67 stores, has suffered in recent years as the Dutch economy stagnated and on-line stores won away customers. After weak sales in the Dutch…
Victims of poor financial advice like Naomi Halpern have concerns about bankruptcy reforms. Wayne Taylor Reforms put forward by the Turnbull government to make it easier for people to get out of bankruptcy may not help many people expected to benefit from the scheme, experts say. Yet for some investors caught up in the collapse…