ARLINGTON, Va.–(BUSINESS WIRE)–Graham Holdings Company (NYSE:GHC) today reported net income attributable to common shares of $302.0 million ($53.89 per share) for the year ended December 31, 2017, compared to $168.6 million ($29.80 per share) for the year ended December 31, 2016. For the fourth quarter of 2017, the Company reported net income attributable to common shares of…
Cathal and Cathy Dunne, like tens of thousands of others during the recession, fell into dire money problems and struggled to repay their mortgage. To find a solution, they decided to engage with their bank, Permanent TSB. The couple, now in their early 40s, have five children, four of whom are still in school. Cathal…
VICTORIA The island nation of Seychelles designated some of its fragile coastal areas for protection from commercial fishing, oil exploration and development this week, in return for a novel deal relieving it of part of its sovereign debt. The Indian Ocean nation, rich in underwater reefs and postcard-perfect beaches, defaulted on its debt in 2008…
Michael Philipps | South Western Times Saturday, 24 February 2018 7:24AM Recent data shows Bunbury had the highest rate of personal insolvency in regional WA for the December 2017 quarter. However, figures show the number of people who declared personal insolvency in the region has declined since September 2017. The Australian Financial Security Authority recently…
Toys R Us is expected to tumble into administration next week after last ditch talks to find a buyer faltered. The move will put 3,200 jobs at risk and follows the recent decision by its bankrupt American parent to try to sell the loss-making UK business as well its other European stores. Members of the…
The Seychelles is building two gigantic marine conservation areas to help save turtles, dolphins, and other sea animals. It has done so in exchange for a large chunk of its national debt being paid off. The deal is the first debt swap agreement of its kind. The Seychelles is stepping up its efforts to protect…
The cost of a significant internal restructuring project contributed to Gildan Activewear Inc. reporting Thursday a 26.1 percent decline in fourth-quarter net income to $54.9 million. The Montreal apparel manufacturer took $11 million in restructuring and acquisition charges in the quarter. Chief among the restricting initiatives was combining its printwear and branded apparel businesses into…
NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) has sought comments on contents of Request for Proposal (RFP) document for applicants to bid for business insolvency resolution process. RFP, here means an invitation for resolution plans from prospective resolution applicants who wish to bid for business of a corporate debtor going through Corporate…
dRMMs 2017 Stirling Prize Winner Hastings Pier Seeks New Owner After Charity Folds Courtesy of dRMM Just four months after winning the 2017 Stirling Prize, the UKs top honor for architecture, dRMMs Hastings Pier is now up for sale, as the charity that owned and operated the structure was declared insolvent for failing to reach self-funding…
By Jarrett Renshaw NEW YORK (Reuters) – U.S. President Donald Trump has called a meeting early next week with key senators and Cabinet officials to discuss potential changes to biofuels policy, which is coming under increasing pressure after a Pennsylvania refiner blamed the regulation for its bankruptcy, according to four sources familiar with the matter.The…