Related Story: Virgin Australia taps shareholders for $852 million, jobs shed in restructure Virgin Australia has plunged to a $225 million full-year loss, having bitten the bullet on restructuring its business and fleet. The vast bulk of the loss comes from $440.5 million in restructuring charges as the airline has sought…
Imagine a world in which the standard benefit package at work includes health insurance, 401(k) contributions, and a few thousand dollars to pay off your student debt. More companies than ever are offering that last perk, but it’s still a fringe benefit. Congress has even considered giving companies a tax incentive to do just that.…
JURORS in the Kleenmaid fraud trial have begun deliberations. Former Kleenmaid director Bradley Wendell Young, 44, pleaded not guilty in Brisbane District Court in April to defrauding Westpac through a $13-million loan and operating the Sunshine Coast based whitegoods company while it was insolvent. At 12.06pm today, the jury began working through the one fraud…
Federal prosecutors in the Southern District of New York on Thursday unsealed an indictment charging 46 defendants for alleged crimes as part of a massive, multi-state organized crime network. Prosecutors say the network stretches from Springfield, MA to southern Florida. Individuals named in the indictment are alleged to be involved with the Genovese, Gambino, Luchese, Bonanno,…
A company has gone into liquidation leaving behind tens of thousands of tonnes of hazardous material, raising questions about who is responsible for it. Tiwai Point smelter Photo: Wiki Commons The material, Ouvea Premix – a type of fertiliser – comes from dross from Tiwai Point Aluminium Smelter. Aluminium dross is a hazardous material which…
WASHINGTON, D.C. — Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut. It’s not as if their union pension plan has turned around financially, however. If anything, new projections show the Iron Workers Local 17 fund — the retirement fund for the men and women who erected…
CHESAPEAKE, Va.–(BUSINESS WIRE)–Dollar Tree, Inc. (NASDAQ: DLTR), North Americas leading operator of discount variety stores, today announced that, as part of its ongoing efforts to integrate its support functions through a shared services model, the Company will eliminate 370 positions, including 100 vacant positions, at its Family Dollar store support center in Matthews, NC. This…
LAS VEGAS, Aug. 04, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of Security and Defense Technologies, announces the completion of debt restructuring and consolidation in preparations to move towards production. On August 01, 2016, the Company closed agreements to buy-out and restructure the third convertible note holder (St. Georges of…
05 August 2016 Lara Bullock View Comments Hunt & Hunt Tasmania has closed its doors, with its lawyers being snapped up by two national firms both establishing Hobart offices. …
Technology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and just because they could. Bond buyers fleeing negative yields on government…