Muscat: Residents and citizens of Oman who are short on assets and finding it difficult to fund themselves and their families can claim bankruptcy legally under the law. In a series of articles about Omans rules and regulations, entitled Know Oman, experts guide readers on their rights and responsibilities while working and living in Oman.…
A mother of triplets in eastern China offered her sons for adoption on a live-streaming social media platform after her gambling debt-laden husband abandoned her when the children were barely four weeks old. Her husband, surnamed Zhao, returned after the incident was covered by local media, Zhejiang-based news site Thehour.cn reported on Monday. The mothers…
Lloyds Banking Group is planning a major restructuring of its workforce, adding 2,000 jobs as it refocuses its operations on digital technology. Britains biggest high street lender will cut 6,000 jobs but create another 8,000 as part of a 3bn reorganisation over the course of the next two years. The job losses will be spread…
Verizon Communications Inc.s new chief executive is restructuring the carriers business lines, including its massive wireless business, in one of the first major organizational changes under his leadership. Hans Vestberg is reorganizing the companys divisions by the types of consumers served, rather than by the type of service provided, the company said Monday. The customers…
Dear Sir / Madam, We would like to inform you that meeting of the 07th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 06th November 2018 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
US-based department store chain Sears Holdings has sought court approval to sell its Sears Home Improvement business (SHIP) through a stalking horse asset purchase agreement with Service.com for approximately$60m in cash. The sale process will be conducted under Section 363 of the US Bankruptcy Code and has received approval from the companys restructuring committee featuring…