Abterra’s controlling shareholder under liquidation by Hong Kong court – THE BUSINESS TIMES

IRON-ORE product trader Abterra said on Wednesday its controlling shareholder, General Nice Resources (Hong Kong), has been put under liquidation by the High Court of Hong Kong. General Nice Resources has a direct interest of 34.96 per cent in Abterra. “The board is assessing the impact on the company including whether the company is able…

Company secretary who witnessed Tunisia terror attack stole £90000 from her employer – Daily Mail

Donna Smith took £90,000 from her employer’s accounts over two years A court heard she later witnessed the 2015 terror attack and suffered PTSD She was spared jail on a suspended sentence after judge heard of her plight By Richard Spillett, Crime Correspondent For Mailonline Published: 03:39 +11:00, 7 December 2016 | Updated: 07:00 +11:00,…

SeaWorld cutting 320 jobs in restructuring | U.S. Business | stltoday … – STLtoday.com

ORLANDO, Fla. (AP) SeaWorld Entertainment Inc. is eliminating 320 jobs across its 12-park company. Company officials said Tuesday in a statement that the goal of the restructuring is to eliminate costs and improve the company’s operations. The job eliminations involve both salaried and hourly workers. The company says it will offer severance packages and job-placement…

Greece just got more help from Europe — but it still isn’t getting the one thing it needs most – Business Insider UK

Greece just received some short-term relief from the eurozone. In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment schedule for EFSF debt and waiving an interest rate increase that was scheduled for 2017. We agreed the primary surplus…

IBA Northeast: Health insurance firm faces possible liquidation – Insurance Business America

A non-profit co-op health insurance company that was suspended in July by the Connecticut Insurance Department (CID) due to hazardous financial standing will likely face liquidation by the end of the year, it has been reported. In a Superior Court filing, CID commissioner Katharine Wade stated that further attempts to rehabilitate HealthyCT would be futile…

A.M. Best Special Report: Penn Treaty Liquidation Presents Potential Shock to the Health Marketplace – Business Wire (press release)

OLDWICK, N.J.–(BUSINESS WIRE)–The U.S. health industry is bracing for what further action in the possible Penn Treaty liquidation could hold for the sector, as managed care providers have argued that they should not be liable for the failure of a long-term care insurer. According to a new A.M. Best special report, any action in the…