AUSTIN, Texas, May 06, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTC Pink: JONEQ) (Jones Energy or the Company) today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the Court), confirmed the prepackaged Joint Chapter 11 Plan of Reorganization of Jones Energy, Inc. and its Debtor Affiliates (the…
A casino player was found beaten to death at a guest house in Macau. The investigators have confirmed that it all happened over unpaid gambling debts and the perpetrators were loan sharks. The victim, aged 40, was confined in a guest house by three loan sharks after he had allegedly…
One of the leading car manufacturers, PSA Group, has chosen Turkey as its pilot country for restructuring. The French automaker has recently merged its Peugeot, Citroen, DS and Opel brands under a single roof for the first time in Turkey. The operation, which started in September 2018, was completed on April 1, 2019, with Opel…
The groups reported net profit came to $3.1 billion while cash earnings came to $3.2 billion, down 22 per cent from the prior corresponding period. Excluding the major remediation costs of $617 million and wealth restructuring expenses of $136 million, cash earnings were down 5 per cent. The banks statutory net profit was down 24…
One killer confesses A gambler has been found beaten to death in a Macau guesthouse, allegedly over unpaid casino debts, reports the Macau Times. The unnamed victim, aged 40, had been held captive at the boarding house by three loan sharks, who had loaned him HKD50,000 ($6,373; 4,863). When the man lost all the cash…
May 06, 2019 Newsdesk Latest News, Macau, Top of the deck   A mainland Chinese gambler was found dead in what was described as a guest house in downtown Macau peninsula on Friday. He is thought to have been severely beaten by suspected loan sharks over a purported gambling debt of HKD50,000 (US$6,373), according…
CTI Foods (CTI or the Company), a leading custom foodservice manufacturer supplying top U.S. restaurant chains and branded food companies, today announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Through the expedited eight-week process, CTI has reduced its debt by more than $400 million and is moving forward with…
The Supreme Court recently struck down the Reserve Bank of India Circular dated 12 February 2018 (RBI circular), which directed banks to mandatorily initiate corporate insolvency resolution process (CIRP) for defaulting companies with loan exposure of more than 20 billion (US$290 million) where restructuring efforts failed. The lenders were directed to file applications singly or…
May 06, 2019 Newsdesk Latest News, Macau, Top of the deck   A mainland Chinese gambler was found dead in what was described as a guest house in downtown Macau peninsula on Friday. He is thought to have been severely beaten by suspected loan sharks over a purported gambling debt of HKD50,000 (US$6,373), according…
Toy retailer Build-A-Bear Workshop Australia has been saved from collapse, following a creditors meeting on the future of the business. In a brief statement, the retailers CEO, Gavin Port, said that a Deed of Company Arrangement had been approved by creditors, which will see Build-A-Bear Workshop continue to trade and will save 200 local jobs…