The US is reeling from its deadliest mass shooting in modern history. At least 59 were killed and more than 500 wounded when Stephen Paddock opened fire into a crowd watching a country music concert from his hotel room in Las Vegas. Hundreds of investigators, led by the FBI, are now trying to work out…
By Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…
Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors meeting on Saturday, more than two months after the yard went under receivership. The local media reported that more than 700 people attended the meeting, including creditors and their representatives, management and staff of the shipyard, the legal and audit…
U.K. leisure carrier Monarch filed for insolvency in Britains biggest-ever airline collapse, leaving the government to arrange the return of 110,000 tourists and marking the third failure of a major European operator in five months. The airline and Monarch Travel Group were placed in administration, leading to the suspension of the Luton, England-based companys operating license,…
(Adds background, information from governors liaison Sobrino) By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Ricos government with offers surrounding the U.S. territorys bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. Any offer well review…
A photo of Stephen Paddock in 2002, provided by his brother Eric Paddock. (Family photo) Before he opened fire late Sunday, killing at least 58 people at a country music festival on the Las Vegas Strip, gunman Stephen Paddock was living out his retirement as a high-stakes gambler in a quiet town outside Las Vegas.…
Giving the largest creditor untramelled rights is neither in line with the IBC nor should it be the legislative intent. (Image: Reuters) Abir Roy The Insolvency and Bankruptcy Code (IBC) has been dubbed a game-changer in corporate circles, and the intent of the legislationto see whether corporate debtors can be put back on their feet…
Reuters By Stephanie Kelly NEW YORK, Oct 2 (Reuters) – Creditors approached Puerto Rico’s government with offers surrounding the U.S. territory’s bankruptcy after Hurricane Maria tore through the island last month, but federal aid remains the top priority, a Puerto Rico official said on Monday. “Any offer we’ll review it, and we’ll discuss…
SEATTLE–(BUSINESS WIRE)–Due to reduced expectations for single family loan origination volume in the Mortgage Banking segment, HomeStreet, Inc. (Nasdaq:HMST), parent company of HomeStreet Bank, today announced a restructuring of that segment, including: A reduction in force of 60 full time equivalent employees HomeStreet Banks second reduction in force this year in its Mortgage Banking segment,…
NEWARK — U.S. Sen. Robert Menendez held two contentious discussions with Medicare representatives – including one that included former Senate Majority Leader Harry Reid and former Health and Human Services Secretary Kathleen Sebelius – to press for a reimbursement policy change that would benefit his friend, a wealthy Florida ophthalmologist, a former top Medicare official testified…