Marketing startup Unlockd has dropped its legal case against Google as the company faces winding-up moves from its liquidator. The company, which pushed advertising on users phones in return for rewards, went into administration in June after Google moved to block the service from its Android operating system, triggering a legal dispute over what founder…
Chennai, Oct 31 (PTI) The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters.Justice R Mahadevan also impleaded the Reserve Bank of India as a respondent. The court observed…
KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib Razak, who set up the…
By Associated Press, KUALA LUMPUR, Malaysia U.S. authorities have charged a fugitive Malaysian financier and two former Goldman Sachs bankers in a money laundering and bribery scheme that allegedly pilfered billions from Malaysian state investment fund 1MDB. The corruption scandal involving the fund had already upended politics in the country. Prime Minister Najib…
Beyond Vision Media Ltd (BVM), becomes the fourth of a group of connected companies to be shut down in the public interest. BVM, a Manchester-based company and its sister companies, all sold customers services to improve their online business profiles, all, to little or no commercial benefit. All four companies have been wound up following…
The Dutch Safety Board is launching an investigation into the way in which patient safety was handled after MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were declared bankrupt last week. The Safety Board wants to examine how the interests of the patients were weighed before and during the bankruptcy…
Up to 800 retail jobs are at risk as butchery chain Crawshaw Group collapses into administration and Mothercare cuts head office job amid tough times on the UK high street. Up to 54 stores employing 600 people could close if a buyer for Crawshaw Group cannot be found. The Yorkshire-based company, which was founded in…
The restructuring work atBT has started to deliver early gains after the UK telecoms company said that full-year profit would be at the higher end of its forecast range. Shares in the company surged 10 per cent to 265.35p, their highest level in almost six months, as investors welcomed a better operational performance and a…
MOORESTOWN, N.J.–(BUSINESS WIRE)–Destination Maternity Corporation (NASDAQ:DEST) (the Company) announced today a restructuring of the Companys corporate product and sourcing teams as part of its efforts to reduce costs following ongoing rationalization of the Companys overall product mix and improvements in inventory efficiency. These efforts are expected to yield net cost savings of approximately $1.2 million…
TWO linked Warrington companies that claimed to be able to recover funds for people who had lost money in alternative investments have been ordered into liquidation by the High Court.Asset Recovery Associates Limited (ARA) was incorporated as a private company in July 2011. The linked company, Asset Recovery Resources (ARR) Limited was incorporated as a…