SunEdison, a solar manufacturing company, fell 35% on Thursday after the company announced that it intends to raise money and restructure its debt in order to pay back $738 million worth of debt. Now, you may be thinking, debt reduction, thats a good thing. Well, like many things in life, the devil is in the…
Image: AAP/Mick Tsikas Those looking for the detail on insolvency changes announced in the Federal Governments long awaited innovation statement wont find it on the government website. But the Productivity Commissions report, Business set-up, Transfer and Closure, also released yesterday, acts as a companion piece to explain the Federal Governments intention to introduce significant changes to Australias…
United Kingdom Financial institutions – Secured recoveries 07-01-2016 In this update: Secured recoveries litigation Sales in possession Case law update Our case law update includes coverage of the following key cases on secured recoveries, title rectification and sales in possession. Download the update. Does an LPA Receiver owe any duties to a bankrupt borrower? Rajinder…
Credit Card Debt Consolidation might be a strategy for you Debt consolidation is a repayment strategy involving a NEW loan to combine and cover your other loans or debts. So instead of paying several minimum monthly payments on several bills, you can repay all of your debts with one monthly payment. Debt consolidation is one…
(Reuters) – Detroit’s public school district is drowning under $3.5 billion of debt and needs to be rescued by the state of Michigan, according to a report by a nonprofit public affairs group released on Wednesday. The Citizens Research Council of Michigan said debt payments by the Detroit Public Schools (DPS) are consuming revenue required…
PKC Group Plc Company Announcement 7 January 2016 8.00 am PKC’s tax appeal for the business restructuring carried out in 2009 rejected by Finlands Board of Adjustment PKC Group Plc has received a decision from the Board of Adjustment of the Finnish Tax Authorities, according to which PKC Group Plc would be obliged to pay EUR 8.3…
Yes, Chanticleer (“Dick Smith receivership gets the drums beating on risk“, January 8), Dick Smith is indeed a lesson to all. And yes, there are actually plenty of convenient targets too. Not just investors who swallowed the bait hook, line and sinker. What about private equity managers who dress up companies with slick financial engineering and often…
James Packer’s $4 billion gamble on growth returning to Macau’s embattled casino sector has been rewarded with Studio City helping to boost its market share. Photo: Bloomberg James Packer’s $4 billion gamble on growth returning to Macau’s embattled casino sector has paid its first dividends with Melco Crown Entertainment boosting its market share above 16…
The retailer announced Wednesday the locations of 36 stores closing across the U.S. See the list below. Shoppers carry bags as they cross a pedestrian walkway near Macy’s in Herald Square, Nov. 27, 2015, in New York. After a disappointing 2015, Macy’s plans to restructure its business and eliminate more than 4,500 positions.(Photo: AP) Capping…
Comments Print /License AA United States Steel Corp., which cut its ties with its Canadian unit last fall, says a liquidation of the business should be considered. The Canadian company, now independent, but operating in creditor protection under the umbrella of the Companies Creditors Arrangement Act as U.S. Steel Canada Inc. (USSC), is seeking court…