Ten’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles. 1964 – Launched as ATV-0 and owned by the Ansett transport and media group 1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0 1980 – The…
You think the tracker mortgage scandal is bad? Wander down to the Four Courts in Dublin some Monday and pop up to Court 11 to witness banks not facing up to reality on a near weekly basis. The list of personal insolvency cases coming before Ms Justice Marie Baker is as good a place as…
Edinburgh (AFP) – Scotland coach Gregor Townsend has told his side to prepare for a typically proud Samoa at Murrayfield on Saturday regardless of the financial meltdown that has engulfed the Pacific islanders. Townsend expects stern test despite Samoa cash crisis This week saw the Samoa Rugby Union declared bankrupt by chairman Tuilaepa Sailele Malielegao,…
Program buys and forgives $1 million in debt for $10,000 Debt forgiven for 500 families Nurses are involved in contract negotiations Michigan nurses announced today they have worked with a nonprofit charity to pay down the medical debt for 500 families, raising $10,000 to clear away more than $1 million in debt in the first…
SUBSCRIBE TO beIN SPORTS TO WATCH A FEAST OF INTERNATIONAL RUGBY IN NOVEMBER DON’T WANT TO FIGHT THE ALARM? CATCH UP VIA beIN SPORTS CONNECT World Rugby has increased its funding in Pacific Islands teams after the Samoa Rugby Union (SRU) was declared bankrupt. Samoan prime minister Tuilaepa Lupesoliai Sailele Malielegaoi, the SRU chairman, issued a fundraising…
A former gambler owed, at his lowest point, a sum of $60,000 to 18 licensed moneylenders in 2012. Enticed by the thrill of online football betting and casinos, the sales manager, who wanted to be known only as Mr Ang, borrowed from multiple registered moneylenders to feed his gambling habit as well as to cover…
CHESTERBROOK, Pa.–(BUSINESS WIRE)–The J.G. Wentworth Company (together with its consolidated subsidiaries, the Company) (OTCQX: JGWE) today announced an agreement, with lenders (the Lenders) holding over 87% of the aggregate principal amount outstanding under the Companys $449.5 million senior secured credit facility (the Credit Facility), to significantly deleverage the Company. The agreement, under which current Lenders…
Coimbatore: Companies with salary dues of more than Rs 1 lakh better watch out. In perhaps the first such ruling under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT), New Delhi bench, has initiated corporate insolvency resolution proceedings (CIRP) against Noida-based Applied Electro Magnetic for failing to pay employee’s salary dues…
Gadens has appointed James Roland as partner in Sydney. Roland returns to the national firm from TurksLegal, where he has been a partner since 2014. Before TurksLegal, he was a senior legal counsel at National Australia Bank, where he moved to after a brief stint as senior associate in Gadens in 2009. Roland, who has…
Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never been closer to an official default after Reuters reported that…