Online celebrities with selfie sticks at Wanda Plaza in Jinnan, capital of East China’s Shandong province, July 16, 2016. [Photo/VCG] Wanda Group Co shelved a $5.6 billion reorganization of its entertainment assets, but analysts on Tuesday said the company is still on the right track of restructuring its business to be an “asset-light” model. Wanda…
New Jersey’s fiscally distressed gambling hub Atlantic City has made its scheduled $3.475 million debt service payments, Mayor Don Guardian said on Tuesday, avoiding what could have been the first default in the state since the Great Depression. The payments were made on their Monday due date, Guardian said in a statement, even though the…
The recent news that Eagle Boys Pizza has gone into voluntary administration, owing millions of dollars to creditors, is enough to make any business owner nervous. In business, were always in the position where others owe us money so what would you do if one of these people or businesses suddenly went bust? Would you…
INNOVATIVE: Changes to insolvency laws could make way for “turnaround management” of companies in distress, impacting the rate of corporate failure. IT seems the government is serious about trying to transform our economy with its National Innovation and Science Agenda. Innovation is an important element of any business, and can be a key differentiator between market leaders and…
(Adds mayor comment, details of loan) By Hilary Russ Aug 2 New Jersey’s fiscally distressed gambling hub Atlantic City has made its scheduled $3.475 million debt service payments, Mayor Don Guardian said on Tuesday, avoiding what could have been the first default in the state since the Great Depression. The payments were made on their…
Graham Crombie. A deal designed to help Delta recover a $13.4million bad debt from a stalled Christchurch subdivision is expected to take years to realise and comes with no guarantees, it has been revealed. Dunedin City Holdings Ltd chairman Graham Crombie outlined details of the deal in a media statement yesterday, following a marathon discussion…
Atlantic City is crafting a recovery plan to prevent New Jersey from taking over the distressed seaside gambling hub. Bondholders are betting it wont entail default. Local officials have tapped three firms for a financial blueprint that must be approved in November or the state can assume unprecedented control over the citys finances. Mayor Don…
HIGHLANDS RANCH, Colo., Aug. 01, 2016 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ:ADES) (the “Company” or “ADES”) today announced that it has executed the next step of its previously announced cost containment strategy. Specifically, the Company has executed a workforce reduction plan affecting approximately 38% of the Companys employees, many of which were servicing…
Malcolm Turnbull’s most contentious investment, a failed sports media company that lost almost $100 million and sparked a conflict-of-interest row over online gambling, has come back to life. PlayUP, the sports startup Mr Turnbull helped bankroll in 2012, went into liquidation in February. It is to be re-launched this year. Luckier than some … Malcom…
Over 100,000 people in Wales received help and support from Citizens Advice Cymru in the last year – 2% more people than the previous year. Of those, 26,400 people were helped with debt-specific problems, the most popular topics reported by the organisation. Their figures also show that between April 2015 and March 2016, £68.65 million…