CALGARY, Aug. 30, 2016 (Canada NewsWire via COMTEX) — Twin Butte Energy Ltd. (TBE) (“Twin Butte” or the “Company”) announces that following the results of its meeting of securityholders held on August 29, 2016, whereby (among other things) the debentureholders of Twin Butte did not approve a proposed plan of arrangement in respect of Twin…
Australians have stolen more than $100 million over the past five years to feed gambling habits, according to a new study whose author thinks the scale of theft he uncovered is just the tip of an iceberg. Warfield & Associates accountant Brett Warfield identified 265 criminal convictions involving 267 offenders from 2011 to July this…
Woolworths’ deal to sell off Masters stores and sites has been complicated by legal action by Lowe’s. Wayne Taylor Woolworths and its home improvement partner Lowe’s Companies will face off in court on Wednesday over a $835 million deal to sell Masters stores and sites to a consortium of property developers. After seven months of negotiations, Lowe’s took Woolworths by surprise…
Aug. 30, 2016 7:15 p.m. ET Even as Aubrey McClendon grappled with collapsing crude prices in the months before his unexpected death in March, the energy titan mortgaged his familys marquee asseta stake in the Oklahoma City Thunder basketball teamto make one more deal. Now, that investment has paid off, with a small energy producer…
A LEADING proponent of the personal property security register (PPSR) and purchase money security interests (PMSIs) as means of managing counterparty risk in the grains industry has defended the products from claims they are not worth the effort. Chris Heinjus, director with South Australian-based agribusiness Rural Directions, said using the government-backed mechanism would at very…
“See you for your next project!” says the big sign on the way out of the cavernous – and empty – Masters hardware barn. This seems unlikely. The entire chain is shutting down across Australia before Christmas and their much-vaunted fire sale feels a bit wet. Across the country Masters stores are near-deserted, with those shopping for bargains in the…
Jennifer Paterson | August 30, 2016 As the Northern Transportation Co. Ltd. seeks protection from its creditors amid financial difficulties, the Public Service Alliance of Canada and the Union of Canadian Transportation employees have retained a law firm to represent the pension interests of its employee members and retirees as insolvency proceedings move forward. The company, which…
Debt woes ‘weigh heavily’ on young people, survey finds By Chris Johnston Business reporter 30 August 2016 From the section Business Image copyright Reuters More than a third of young people have debts of almost £3,000 and experience significant concerns about money. A survey of 2,042 people aged 18 to 24 conducted for the Money…
NEW DELHI: RBI today said everything is not hunky-dory about public sector banks‘ retail lending and underlined the need for improving credit appraisal and monitoring. “If you look at the credit growth you do see that there is more growth in private sector as opposed to the public sector banks and then you have problem…
The Communist Party of India (Marxist)-led Left Democratic Front (LDF) government’s move to review the previous government’s phased prohibition policy in Kerala has not created big ripples across political circles in the state. Barring Kerala Pradesh Congress Committee (KPCC) president VM Sudheeran, who incidentally imposed the policy on the United Democratic Front (UDF) government by…