Republican presidential candidate and New Jersey Gov. Chris Christie took some time away from the campaign trail Tuesday to announce a new plan to rescue the beleaguered gambling town of Atlantic City, which was expected to face bankruptcy by April should no action be taken. Christies plan, made with state and municipal lawmakers at his…
Xtra-vision: Company placed into liquidation and ceases trading By John Campbell BBC News NI Economics & Business Editor 27 January 2016 From the section Northern Ireland The Xtra-vision DVD rental chain has been placed into liquidation and will cease trading on Wednesday. According to its website, it has 11 branches in Northern Ireland though some…
A group of nine investors — mostly foreign private equity players which together hold about 20 per cent stake in the National Stock Exchange of India (NSE) — have written to the Securities and Exchange Board of India (Sebi) to apprise it about the shareholders’ opposition to the exchange’s restructuring plan. This follows…
KVV Liepajas Metalurgs metallurgical company has rejected as untrue the critical remarks by Latvian Economics Minister Dana Reizniece-Ozola (Greens/Farmers), who said that the business approach of the company’s owners was styled after Soviet rather than EU traditions, reports LETA. The steel company said in a press release that its management in 2015 had indeed repeatedly…
New Jersey Governor Chris Christie on Tuesday called for a revised plan to rescue Atlantic City, including proposals for a takeover and new revenue sources. The plan, which Christie introduced with state Senate President Steve Sweeney and Atlantic City Mayor Don Guardian by his side, combines elements of previous plans to save the distressed gambling…
China Cinda Asset Management Co., a Chinese state-owned asset-management company, has conducted due diligence on possible participation in restructuring the debt of Yingli Green Energy Holding Co., once the worlds biggest solar-panel maker. Cinda is interested in participating in the debt reorganization because it sees potential in Yinglis solar business, according to two people familiar with the…
Last Monday may have been Blue Monday, but debt counsellors working in Londonderry are urging people not to be terrified of post-Christmas bills and seek help immediately if they are concerned or are in difficulty. Debt Advisors Sean McCallion, Tom Henry and Sean Doran have…
Nearly two years ago, in one of the most complex copyright lawsuits of all time, MP3Tunes founder Michael Robertson was found liable at trial for infringing the works of Capitol Records, EMI and other record labels and music publishers. After some modifications by the judge, Robertson was ordered to fork over some $15.8 million. The…
RACHAEL KELLY/FAIRFAX NZ Gore building firm Price Bros Builders Ltd has gone into liquidation. A Gore building firm has gone into liquidation, owing more than $300,000 to secured and unsecured creditors. Price Bros Builders Ltd ceased trading several days before it was placed into liquidation by shareholder resolution on November 17, 2015. A liquidation report…
RACHAEL KELLY/FAIRFAX NZ Gore building firm Price Bros Builders Ltd has gone into liquidation. A Gore building firm has gone into liquidation, owing more than $300,000 to secured and unsecured creditors. Price Bros Builders Ltd ceased trading several days before it was placed into liquidation by shareholder resolution on November 17, 2015. A liquidation report…