TransAlta Corp. is cutting debt, speeding up its shift from coal-fired power and rewarding hard-hit shareholders with its $750-million deal with Brookfield Renewable Partners LP, chief executive officer Dawn Farrell says. Thats why Ms. Farrell is bewildered by U.S.-based activist investors who are threatening to launch a proxy fight and force the company to renegotiate…
Sports Direct offered to give Debenhams a 150m cash injection over the weekend as Mike Ashley made a last-ditch attempt to take control of the embattled retailer and prevent it from entering a pre-pack administration. On Friday night the retail tycoon sent a letter to the board of Debenhams offering to underwrite 150m of new…
BERLIN (Reuters) – Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europes most valuable technology company reshapes its operations. FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski Robert Enslin, who joined SAP in 1992…
Education Secretary Betsy DeVos was having a bad week when trying to defend the administrations proposed cut of $17.6 million from Special Olympics. We had to make some difficult decisions with this budget, DeVos responded when asked how many children would be affected. I think Special Olympics is an awesome organization that is well-supported by…
BERLIN (Reuters) – Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europes most valuable technology company reshapes its operations. FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski Robert Enslin, who joined SAP in 1992…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…
The first Debt Relief Order (DRO) was approved 10 years ago in April 2009 with the aim of assisting people with small levels of assets and little surplus income deal with their debts*. Since then, the Insolvency Service has approved more than 254,000 DROs to people with debts worth an average of 9,400. People apply…
In continuation of our earlier letter dated October 8, 2018, this is to inform you that Honorable National Company Law Tribunal (NCLT), Kolkata vide order dated 5th April, 2019 (Copy enclosed) has admitted the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) in respect of…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…
The corporate insolvency rules in Scotland change on 6 April, with two new sets of rules replacing the current regime for companies. They do not apply to limited liability partnerships (LLPs). The introduction of The Insolvency (Scotland) (Company Voluntary Arrangements and Administration) Rules 2018 and The Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (together…