Murray Energy Corp [MUYEY.UL], one of the largest privately held U.S. coal miners, is working with investment banks to renegotiate terms of its credit agreements in a bid to stave off bankruptcy, people familiar with the talks said on Monday. The talks underscore the industry’s challenges as governments have curbed the use of coal at…
Updated July 20, 2016 9:59 a.m. ET The Justice Department filed civil-forfeiture complaints against more than $1 billion of assets allegedly acquired using funds misappropriated from a Malaysian economic development fund, according to court filings made public Wednesday. The assets, which were purchased by the stepson of Malaysias prime minister and people connected to the…
Murray Wilson/ FAIRFAX NZ Hospo Bros, which once managed Palmerston North bars Shooters and Victory, has left more than $1 million in unpaid bills after its liquidation. The liquidators of a Palmerston North-based bar management company have found the coffers empty, with more than $1 million in unpaid bills. Hospo Bros has been in liquidation…
The Miss America pageant was dreamed up in the 1920s to bring money to Atlantic City. In 2016, thats what New Jersey considers as economic development for the beleaguered seaside resort. The beauty contest will return Sept. 11 — thanks in no small part to public dollars. With Atlantic City on the financial brink, the…
Written by Leela Prasad | Updated: July 20, 2016 12:36 pm Pokemon addiction: Like a flash mob, gamers, who possibly havent seen daylight in a long time, were seen congregating at public parks to catch that elusive, rare Pokemon. Adult gamers are so hooked to playing Pokemon Go that it wouldnt be surprising to hear…
A big question mark hangs over Korea’s top conglomerate, the Samsung Group. With its chairman Lee Kun-hee ill and bedridden for the past two years, succession looms large at the colossal corporate empire, which alone accounts for roughly a fifth of the nation’s economy. The market knows who the successor is — Lee’s only son…