The sign greeting visitors to hhgreggs website told them all they needed to know about how the retailers search for a new owner went. Going out of business. Get up to 30 percent off everything. Shop now before we sell out. The company, which has been struggling to stay afloat, was not able to reach…
Shane Heal has been charged with three counts of fraud. Photo: Getty Images Australian basketball champion and former Minnesota Timberwolves and San Antonio Spurs player Shane Heal has been charged with three count of fraud relating to an alleged $750,000 scam. Shane Heal represented Australia at four Olympic Games. Photo: Tim Clayton Mr Heal, famed…
Cloud DCs chief financial officer, Desmond Robinson, remains hopeful that the company, which entered liquidation on 28 March, will find a buyer for its remaining assets and intellectual property. The Queensland-based hosted desktop provider, which counted Amazon Web Services (AWS), Microsoft, Citrix and Trend Micro among its vendor partners, entered voluntary administration on 22 February,…
Cyprus Semiconductor and Its Cypress 3.0 Model: Earnings Driver? PART 4 OF 16 By Paige Tanner | Apr 10, 2017 1:14 pm EDT Cypress restructures business segments In the previous part of this series, we saw that Cypress Semiconductor (CY) is restructuring its business to align with its renewed focus and strengthen its go-to-market strategy.…
In July last year Centrelink rolled out a new automated income matching system for detecting and recovering debts. It became known as “Robodebt” and was designed to help the Department of Human Services collect $4.5 million in debt every day. In that sense, it was super efficient. Too efficient, even. The “online compliance intervention” is…
ZAGREB (Croatia), April 10 (SeeNews) – Croatia’s government has named financial and economic expert Ante Ramljak as receiver of troubled food and retail concern Agrokor, the prime minister said on Monday. “This is a political decision that will stabilise the current economic situation in Croatia”, Andrej Plenkovic said during an extraordinary session of the government…
SALESFORCES IRISH ARM SEES PROFITS SURGE 1,200% – The Irish Times reports turnover and profit at the Irish arm of Salesforce.com, SFDC Ireland, rose significantly in its fiscal year 2016. Latest company accounts show pre-tax profit rose more than 1,200% to just over $12m (11.3m), from a $1.07m (1.01m) loss in 2015. The company said…
Bhushan Steel rose 5.05% to Rs 63.40 at 10:30 IST on BSE on media report that the company submitted final proposal for corporate debt restructuring programme. Meanwhile, the S&P BSE Sensex was up 21.89 points, or 0.07% to 29,728.50. On the BSE, 1.86 lakh shares were traded in the counter so far, compared with…
The Commonwealth Ombudsman has called on Centrelink to lift its game and make its automatic debt recovery system more user-friendly and transparent. A report released on Monday called on the Department of Human Services to improve the clarity of letters sent to welfare recipients and provide more help to vulnerable people. “We found there were…
Reuters * Tsipras says tough decisions in Malta open way for debt relief * Calls on party lawmakers to support measures (Adds quotes, background) By Renee Maltezou and George GeorgiopoulosATHENS, April 9 (Reuters) – Greece will implement additional austerity measures agreed with its official creditors on condition of further debt relief that will…