FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the third quarter of fiscal year 2017 ended September 30, 2017. Financial Results For the third quarter of fiscal year 2017, Citrix achieved revenue from continuing operations of $691 million, compared to $669 million in the third quarter of fiscal year 2016, representing 3…
At least $95 million was deceptively obtained from American consumers by scam-artist student loan debt relief groups over the past couple years, according to crackdown results revealed by the Federal Trade Commission. Zephyr Picture, Getty Images In the first-ever coordinated federal-state initiative targeting deceptive practices aimed toward those struggling to repay college loans, 36 actions…
NEW DELHI: Providing clarity, the government today said resolution plans under the Insolvency and Bankruptcy Code does not require approval of the shareholders. The clarification comes against the backdrop of concerns in certain quarters about the possibility of promoters of a company blocking insolvency resolution process under the existing provisions of the Code. Provisions of…
Private banker Nathalie Dauriac has told the high court she became scared of her former mentor and business partner John Caudwell, accusing the Phones4U billionaire of bullying her during an investigation into her expenses. Speaking in court on Wednesday, Dauriac said Caudwell sought to intimidate her by making claims about wrongdoing as a pretext to…
One of Vice President Mike Pences closest allies advised a cadre of student debt relief companies some of which are facing an unprecedented nationwide crackdown for preying on vulnerable borrowers on how to lobby Washington and fend off regulators. Marty Obst, a longtime adviser to Pence and operative closely aligned with Trumps outside political operation,…
The Greek government has moved to have the countrys largest shipyard Hellenic Shipyards declared bankrupt. The insolvency proceedings were filed under the countrys revised bankruptcy code, which foresees the rapid sale of assets and the withdrawal of old shares. The governments petition has brought a strong reaction from the yards owner, Privinvest Group of Lebanon…
Connecticut cities seeking state assistance with debt payments would be prohibited from filing for bankruptcy. Under the latest state budget proposal, municipal leaders can apply to have the state pick up a portion of their annual debt payments, a move that is being considered in the cash-strapped capital city. In a new draft of legislation…
(CN) In a ruling Wednesday that makes it easier for EU businesses to relocate their registered offices to different member states, the European Court of Justice called out a law in Poland that mandates liquidation as part of such moves. Liquidation is a useful way, the Luxembourg-based court found, at ensuring that a number of…
Some companies keep trading and operating their business, even when it is clear to them that they are bankrupt and are unable to continue. When this happens to a business or company, that business or company is said to be insolvent. This can put the business owner or company director into a lot of trouble.…
Athenahealth, the Massachusetts-based electronic medical records company with a substantial operation in metro Atlanta, plans to cut an estimated 61 jobs in metro Atlanta as part of a broader business restructuring, according to a state agency notice. Last week, the company announced plans to cut its workforce by 9 percent as part of a cost…