By Benjamin Hulac, E&E reporter The coal mining company Alpha Natural Resources Inc. is moving to sell off chunks of its business and has provided limited details about its future operations, based on plans the company submitted in court papers, the Justice Department said. In an objection filed Tuesday, attorneys for the U.S. Trustee Program…
Comments (0) A charity is marking five years of rescuing local people from the misery of personal debt and helping to save lives. In 2011, members of St John’s Church in Yeovil partnered with UK debt counselling charity Christians Against Poverty (CAP) and received training to open a local centre. On Saturday, May 14, the team,…
The government is targeting a company claiming to help borrowers access Obama student loan bailout programs. The Department of Education sent a cease and desist letter to Student Loan Consultants of America last week, asking the company to stop using the agencys logo. The letter is one of several the Department has sent to so-called…
Hexi Pharma Co. SRL, a Romanian pharmaceutical company involved in a recent scandal of faulty hospital disinfectants, has filed for insolvency with the Bucharest Tribunal. 2016-05-12 15:55:12 According to the courts web portal, the application was filed on Tuesday and it regards bankruptcy upon debtor request under Article 66 of Law 85/2004 on insolvency prevention…
May 12 Shenzhen Tempus Global Business Service Holding Ltd * Says it scraps asset restructuring Source text in Chinese: bit.ly/1OpcSqu Further company coverage: (Reporting by Hong Kong newsroom) Read the full article at: http://www.reuters.com/article/idUSL3N1894NM
Group boss Dieter Manz. Manufacturing equipment supplier Manz, which regards solar and energy storage as two of its three key strategic business segments, claims recent restructuring is starting to pay off, reporting some positive developments in its latest financial reports. Volume of orders received by the end of March stood at 96.3 million (US$109.6 million),…
Make sure you get your shares right before making that VC transaction. (Image via Indianexpress.com/ C R Sasikumar) The number and type of shares a founder owns in a startup is a crucial point to think about in the context of venture capital transactions. Joint stock companies (JSC), which are the most common form of…
Rajeev Dubey, Managing Editor, Business Today In the fracas of whether Vijay Mallya is a defaulter, a wilful defaulter, or – to be charitable – a victim of circumstances, lenders and politicians have upped the ante against the UB Group chairman who fled the country with nearly Rs 9,000 crore in unpaid dues but who…
In a chat with ET Now, Kiran Mazumdar Shaw, CMD, Biocon, says the devil is in details of implementation and it is not an easy thing to implement the law. Edited excerpts ET Now: The Bankruptcy Code is a game changing move, no doubt. How important do you think it is in terms of a…