In a statement to the ASX on Friday, John McGrath has denied the existence of a $100 million lending facility that allegedly is funding his expensive gambling habit. Over the weekend it was reported that real estate mogul John McGrath is $16.2 million in debt to gambling. Fairfax Media reported that McGrath…
Arts Illuminated, the publisher of classical music magazine Limelight, is searching for a buyer for its masthead as the company teeters towards liquidation. I couldnt weather the monthly highs and lows anymore, publisher Andrew Batt-Rawden told Mumbrella yesterday. I started the company in debt, and as a starving artist I had no assets to borrow against.…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…
Help Jesse Jones eliminate medical debt in western Washington Jesse Jones and KIRO 7 are working to help eliminate medical debt. After our original story aired, many viewers reached out to see how they could help. So we created a website where you can donate and help in the effort to get rid of medical…
Drugstore chain CVS will be able to pay back the money borrowed for its $69 billion takeover of health-insurer Aetna sooner than expected, thanks to a GOP tax break that’s yielding an extra $1.2 billion in cash for the pharmacy chain this year. At least half that money, or about $600 million, will be used…
When I ended up in the hospital two years ago, I worried about getting better, not about medical bills. I had great insurance and thought my stay would be covered. So when I finally got home, I was shocked to get a bill for over $20,000. The amount I owed was way more than I…
Sponsored Links General Motors International President Barry Engle sat down with the mayor of Incheon, South Korea, amid the automakers restructuring effort, Reuters reported on Thursday. The meeting came after a GM earnings call put CFO Chuck Stevens and CEO Mary Barra on the record calling for the restructuring of its South Korean operations. GM Korea…
Staff at embattled Perth building company Cooper & Oxley have been told their employer has a 50-50 chance of surviving after the company was yesterday placed in administration. As the move was being announced, dozens of the companys employees gathered at its Jolimont headquarters to be briefed by representatives from insolvency firm Hall Chadwick, which…
… Read the full article at: https://www.expressnews.com/business/eagle-ford-energy/article/San-Antonio-based-NuStar-Energy-restructures-12561313.php
Turnaround firms are circling the stricken Toys R Us chain as the retailers precarious financial position puts more than 3,000 high street jobs at risk. Last year the UK subsidiary of the bankrupt US chain won a stay of execution after landlords took back the keys to 26 shops and accepted less rent for those…