Disgraced ex-Bayern Munich president Uli Hoeness is due to be released from prison on Monday as he contemplates a return to the club he built into a European powerhouse. The 64-year-old has served 21 months of his three-and-a-half year sentence after being convicted in March 2014 of having evaded paying at least 28.5 million euros…
In the early days, Raymond Ackley, like so many others, believed he could count on receiving his severance payment. That was back in 2010 when he got swept up in one of the many rounds of layoffs instituted by Nortel Networks, his employer for 27 years. Today the 62-year-old Cary resident is among legions of…
RIO DE JANEIRO: A Chinese loan of up to $10 billion to Brazil’s Petrobras could pay nearly all its $12 billion in maturing obligations in 2016, easing pressure on the oil company as it struggles to fix its troubled finances by selling assets and slashing spending. The credit line to Petroleo Brasileiro SA, as state-run…
The Supreme Court is the latest entrant into the banking crisis, with a demand for names of defaulters. This is suo moto action by the Supreme Court, prompted by the public outrage about the costs to the public imposed by the Indian banking system. But solutions to India’s banking crisis lie in legislative…
A DUNDEE firm has filed for insolvency, less than four months after it was fined £50,000 following the death of one of its workers. Diamond Wheels (Dundee) Ltd is owned and operated by Paul Marr. The firm, which specialised in restoring alloy wheels for cars, admitted a catalogue of serious health and safety failings over…
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Wall stPhoto Credit: shutterstock For twenty four years the Clintons have orchestrated a conjugal relationship with Wall Street, to the immense financial benefit of both parties. They have accepted from the New York banks $68.72 million in campaign contributions for their six political races, and $8.85 million more in speaking fees. The banks have earned…
The Brazil’s state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. Reuters/Sergio Moraes China’s loan to Brazil’s Petrobras announced Friday is for $5 billion to $10 billion and can be paid in cash or oil at China’s request, and may help pay the bulk of the $12 billion in…