By Jon Chesto Globe Staff January 05, 2016 The tumultuous times continued for the staff at Boston magazine Tuesday as they watched three colleagues lose their jobs amid a corporate restructuring led by owner Metro Corp. The job cuts, leaving the magazine with a staff of 52, follow the surprise departure of editor…
Video will begin in 5 seconds. More video Recommended Replay video Dick Smith can survive, says founder Entrepreneur Dick Smith explains why he doesn’t own shares in the company that bears his name. PT1M11S 620 349 Australia’s oldest electronics retailer Dick Smith has conceded its desperate pre-Christmas sale has failed to save it from the clutches of nervous…
V.Ö. Travel, the tour operator launched two years ago by veteran Turkey tourism entrepreneur Vural Öger, has declared insolvency and stopped trading. The loss-making company remained behind its targets this year and bookings for 2016 have also started badly, owner Vural Öger told fvw. In addition, Öger was impacted by 16 million worth of debts…
06 January 2016 Lara Bullock View Comments Adelaide-based commercial law firm Cowell Clarke has announced internal promotions of three lawyers, effective 1 January 2016. Jonathon McRostie (pictured) has been promoted to senior associate. Mr McRostie has been with Cowell Clarke for almost seven years and has practised across a range of areas including commercial…
RIGA, Jan. 5 (Xinhua) — A court in the southwestern Latvian city of Liepaja on Tuesday threw out a request to declare KVV Liepajas Metalurgs steelmaker insolvent over an outstanding six-figure debt. The insolvency lawsuit had been filed by Elme Messer Metalurgs, an Estonian-owned producer of industrial gases which has been supplying oxygen to KVV…
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Businessman Kevin McConnon, joint owner with his wife, Yvonne, of McConnon Meats has been granted a 40-day extension to a High Court order protecting him from any action by creditors pending negotiation of a Personal Insolvency Arrangement. Barrister Keith Farry, counsel for Mr McConnon, joint owner with his wife, Yvonne, of McConnon Meats, told Mr…
Medium-sized businesses were the most likely to be exposed to other firms’ insolvencies in 2015, according to new research from insolvency professionals trade body R3. The research, which was based on R3’s Business Distress Index which surveyed 500 UK businesses, found that 14 per cent of medium-sized firms (which employ 51 to 250 staff) were…
2016-01-05T15:36+02:00 15:36 05.01.2016 The Individuals’ Deposit Guarantee Fund in 2015 sold the assets of insolvent banks for UAH 1.2 billion, according to the website of the fund. According to the report, in the last week of last year insolvent banks’ assets that were sold amounted to UAH 120 million. As reported, the Individuals’ Deposit Guarantee…