Baby sling brand Hug-a-Bub collapses into voluntary administration – SmartCompany.com.au

The company behind the popular baby sling brand, Hug-a-Bub, has collapsed into voluntary administration. Hug-a-bub Australia Pty Ltd, which was incorporated in 2001, has temporarily ceased trading and is not currently taking orders, after appointing Brendan Nixon of Stanley Morgan Accountants as voluntary administrator on June 13. The New South Wales-based company, which was founded…

French Nuclear Power Company Areva (AREVA) Announces Restructuring Plan, To Raise $9 Billion – International Business Times

Areva SA, Frances state-controlled nuclear energy company, announced its restructuring plans Wednesday, which will see it split into three smaller companies and raise about 8 billion euros (about $9 billion) in fresh capital. The company, which has made losses for the last five years, will also sell its non-core businesses to raise some of the…

James Packer responds to critics with a $4.5 billion turbo-charger for Crown Resorts – The Australian Financial Review

David Rowe Gaming billionaire James Packer plans to unlock up to $4.5 billion in shareholder value and turbo-charge the Crown Resorts dividend yield with a blockbuster restructuring package that will blow away his critics. In one fell swoop, Packer will put an end to suggestions that he has lost interest in his Australian gaming business,…