Cavalier Corp sank back into the red after the overhaul of the wool carpet maker’s operations proved more expensive and more prolonged than expected, raising flags over the company’s ability to keep operating as a going concern. The Auckland-based company posted a loss of $2.1 million, or 3.1 cents per share, in the 12 months…
What insight into the future of Arrium in Whyalla can be drawn from looking at Liberty Steel’s operations in Scotland? The British company, run by billionaire entrepreneur Sanjeev Gupta, is revitalising the South Australian steelworks after they went into voluntary administration. ABC Radio Adelaide‘s Sonya Feldhoff was recently given the opportunity to tour one…
Cavalier Corp sank back into the red after the overhaul of the wool carpet maker’s operations proved more expensive and more prolonged than expected, raising flags over the company’s ability to keep operating as a going concern. The Auckland-based company posted a loss of $2.1 million, or 3.1 cents per share, in the 12 months…
FIVE extra fields, lighting, a new clubhouse and seating are all part of a 10-year master plan for Magpies Sporting Club as it prepares for rapid expansion due to the changing demographic of Mackay’s sporting community and the impending start of a new state team. The Magpies Crusaders United are preparing to debut in the…
Macys, Inc. announced several changes intended to improve the companys performance, including the hiring of Hal Lawton as president, the creation of a single simplified merchandising organization and an enhanced focus on the companys data analytics capabilities. Hal Lawton Named President of Macys Hal Lawton has been named president of Macys, effective Sept. 8. As president, Lawton will be…
NEW DELHI: Homebuyers in Jaypee Infratech projects, except for a few towers in its Aman project, will have to fill up forms to register their claims for the corporate insolvency resolution process against the company. In a meeting on Monday between Jaypee Infratech MD Manoj Gaur, the insolvency resolution professional (IRP) Anuj Jain, officials from…
On Tuesday, shares of department store Macy’s Inc. M are gaining, up over 4% in late-morning trading after the company announced a major restructuring plan that could be exactly what the struggling retailer needs. Macy’s said it will be cutting 100 jobs as part of a consolidation plan to unite its merchandising, planning, and private…
NEW DELHI: After Jaypee Infratech, the process of corporate insolvency resolution under the insolvency and bankruptcy code is likely to be initiated against three Amrapali group companies -Noida’s Silicon City and Greater Noida-based Ultra Home Construction and Amrapali Infrastructure -on the plea of Bank of Baroda. A bank official said the National Company Law Tribunal‘s…
Ten has defended its market disclosures in the lead up to its appointment of administrators. Ten Network says it did not tell shareholders that James Packer was pulling the plug on his financial support for the troubled broadcaster because his backing was not a factor in its share price. Ten administrator Kordamentha said on Tuesday…
By Associated Press Published: 00:17 +10:00, 23 August 2017 | Updated: 00:22 +10:00, 23 August 2017 e-mail “Ask Brianna” is a column from NerdWallet for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans – all the real-world stuff no one taught…