By Reuters Published: 13:25 AEDT, 28 October 2017 | Updated: 13:25 AEDT, 28 October 2017 e-mail By Adriana Brasileiro MIAMI, Oct 28 (Thomson Reuters Foundation) – A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated…
Written by Surbhi Prasad | New Delhi | Published:October 28, 2017 3:25 am Under Section 25 of the Insolvency and Bankruptcy Code, it is the duty of a resolution professional to invite prospective lenders, investors and any other persons to put forward resolution plans once the information memorandum is ready. The National Company Law Tribunal…
What drove Las Vegas gunman Stephen Paddock to shoot up a country music concert remained a mystery Tuesday, as a vexing array of possible clues did little to bring into focus a motive for the biggest mass shooting in modern American history. … Read the full article at: http://www.foxnews.com/us/2017/10/03/las-vegas-shooting-from-isis-to-gambling-debts-theories-abound-for-shooters-motive.html
J.C. Penney Co. spooked investors ahead of the holiday season, after the struggling department-store chain slashed its profit goals for the year and warned of weakening sales. Penney said its decision to discount and clear out slow-moving inventory in women’s apparel and other clothing departments increased revenue in September and October but significantly hurt earnings.…
The Trump administration and Congress have been mulling a reduction in the 401(k) tax-free contribution limits as they work on a tax plan. Currently, the employer-based plans allow most employees to put away up to $18,000, deferring taxes until a withdrawal is made upon retirement. The 401(k) may be changed because the Trump administration is…
Nearly 25,500 people went bust over the summer, figures have revealed. The figure – equivalent to 276 a day between July and September – was 10.6% up on the previous three months and 7.7% more than a year ago. The big rise comes amid growing concerns about a debt time bomb. Households now owe more…
J.C. Penney Co. lost up to a quarter of its market value Friday after the struggling retailer drastically cut its outlook for the year and warned about weakening sales. Penney said its decision to discount and clear out slow-moving inventory in women’s apparel and other clothing departments increased revenue in September and October but significantly…
News Jessica Fino 27 Oct 2017 03:33pm Personal and underlying company bankruptcies in England and Wales have risen in the last quarter … Read the full article at: http://economia.icaew.com/en/news/october-2017/personal-insolvencies-rise-thanks-to-voluntary-arrangements
LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britains consumer economy. The governments Insolvency Service said 27,807 people in England and Wales registered as insolvent between July and…
By Andy Bruce LONDON, Oct 27 (Reuters) – The number of people registering as insolvent in England and Wales hit a five-year high in the third quarter, according to figures on Friday that hinted at trouble brewing in Britain’s consumer economy. The government’s Insolvency Service said 27,807 people in England and Wales registered as insolvent…