The axe finally fell on South Korea’s once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt. Hanjin filed for bankruptcy protection in August owing $5.37 billion as creditors refused to bail it out, with dozens of its vessels stranded…
SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on eleven series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest…
When Ekhlas Ahmed, a refugee from Darfur, Sudan, first came to the United States, she didnt speak a word of English. After getting off at the wrong bus stop on her first day of school and wandering around lost for eight hours, the young girl promised herself that she would master her new language. … Read…
Ricardo Nissen, expert in corporate law and former head of the Inspección General de Justicia (IGJ). Friday, February 17, 2017 Ricardo Nissen is one of the most respected specialists in company law and asset concealment. Talking to the Herald, he agrees with his colleagues that this is…
Advisors often like their clients, but don’t like what their clients do. Take spending habits. If you’re advising a spendthrift buried in credit-card debt, the relationship can sour if the client refuses to stick to a budget. As debt mounts, the situation can grow unmanageable. “Most people already know the things they should do, so…
By Jonathan Beck News and Opinion Editor Emeritus This is how things were yesterday; this is how they are today; and therefore, this is how they ought always to be. I was disappointed in President John Hurleys letter to the Canisius community this past week, which I read as relying on the fallacy above. In…
SUBCONTRACTORS are banking on negotiations now under way to protect them from the worst of another major collapse in the Queensland construction industry. Bloomer Constructions Pty Ltd closed a number of building sites across Brisbane last week, ahead of what was expected to be an announcement Tuesday morning about the company’s fate. Instead, Wayne Bloomer,…
Former Atlanta Falcons wideout Roddy White spent Super Bowl weekend partying and gambling with Charles Barkley. Similar to the Falcons defense in overtime, they got smoked. In this weeks We Never Played The Game podcast, White chronicled a star-crossed weekend at Mandalay Bay in which he wound up in Falcons red, losing $100,000. White dropped…
Michael Lee at the Austinmer pools as the storm hit on Friday afternoon. More than two years after he folded his firm, the pool restoration job is not complete. Picture: Sylvia Liber Council designs for the Austinmer pool renovation were flawed and not realistically able to be completed, claims the contractor whose company went into liquidation on…
Hanjin Shipping, once the largest shipping company in South Korea and the seventh-largest in the world, has been declared bankrupt. The Seoul Central District Court declared the bankruptcy on Friday as the two-week period for appeal expired. The court will now appoint a bankruptcy administrator to lead the liquidation procedure to pay off debt. Creditors have until…