BANNOCKBURN, Ill.–(BUSINESS WIRE)–Today, UCI International, LLC (UCI or the Company) announced it has completed its financial restructuring and has officially completed its Chapter 11 reorganization. The Company is now owned by its former creditors led by funds and accounts under the management of Blackrock Financial Management, Inc., Credit Suisse Asset Management, LLC, and J.P. Morgan…
DETROIT, MI Brian Benderoff, a professional gambler from Southfield who racked up six-figure gambling debts, was part of a scheme with two others to scam investors out of hundreds to thousands of dollars to finance gambling trips to Las Vegas, the federal government alleges in a civil forfeiture court case unfolding in U.S. District Court…
Welcome back to the saddest corner of the internet. If youre anything like me, youre still hungover from a long weekend of consuming nothing but sugar, butter and alcohol. If you ask me its a pretty good diet when you sprinkle a little bit of gambling in there. Builds a strong heart. Anyway, theres finally…
As part of its simplification initiative, the Financial Accounting Standards Board last March issued new stock-based compensation guidance. The update provides private companies, when granting stock to employees, with a one-time election to switch from measuring all liability-classified awards at fair value to measuring them at intrinsic value. In contemplating whether to make such an…
Pacific WebWorks Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 28, 2016. BankruptcyDatas Plan Summary notes, General Unsecured Claims will receive 80% of the amount of their Allowed General Unsecured Claims, in cash, on the Initial Distribution Date; and…
By Marton Dunai BUDAPEST, Dec 30 Hungarian markets far outperformed regional peers in 2016 as ratings agencies restored the country’s investment grade status and its improving economic outlook lifted shares and the forint, while regional peers battled waning market confidence and political problems. Against a jittery international backdrop that included the surprise vote by Britain…
SET-listed Srisawad Power 1979 (SAWAD), a leading retail lender, will spend up to 2.01 billion baht to acquire those shares of Bangkok First Investment and Trust (BFIT) which it does not already own. The company will enter into an agreement with Narissara Kitpipit to acquire 53 million shares or a 26.5% stake in BFIT at…
Vehicle distribution giant Inchcape is restructuring its Singapore operations, a move that will result in one of the biggest downsizing exercises the local motor industry has ever witnessed. The Straits Times understands that some 120 employees across Toyota agent Borneo Motors and Suzuki agent Champion Motors will be retrenched within the next several weeks. The…