Australian LGBTIQ publication Star Observer has announced the company has entered voluntary administration and is up for sale. The publication announced on Thursday the board of directors of the company, Gay & Lesbian Community Publishing Limited, had appointed Trent McMillen from MaC Insolvency as administrator on Friday, May 10. Advertisements Cash flow is the lifeblood…
Doug Ford had a private plan to surprise Ontarians. His first budget would recast him as a kinder, gentler premier. Not too tough, not too soft just right. It didnt go according to plan. By holding back the bad news under the guise of a good-news budget Fords Tories are belatedly paying a heavy price.…
DETROIT – Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10 percent of its global salaried workforce. The major revamp, which had been underway since last year, will save about $600 million per year…
Ford Motor is laying off 7,000 salaried employees as part of CEO Jim Hacketts restructuring plan to reduce bureaucracy, cut costs and turn the automaker into a more agile company prepared for a future that extends beyond its traditional business of producing and selling cars and trucks. The cuts represent about 10% of the automakers…
Robert Smith, a private equity executive worth an estimated $4.47 billion, is donating approximately $40 million of his fortune to pay off the student loan debt of the graduating class of Morehouse College. Morehouse, an elite, all-male historically black college in Atlanta, had a graduating class of 396 this year. Graduates of historically black colleges…
(Adds details, context) CARACAS, May 20 (Reuters) – Venezuelas opposition has hired veteran debt lawyer Lee Buchheit to help restructure the countrys more than $150 billion debt burden, suggesting it could take a tough approach to dealing with investors holding defaulted bonds. Buchheit, a former Cleary Gottlieb attorney who has represented several governments in debt…
NEW YORK–(BUSINESS WIRE)–Global law firm Goodwin announced today that Howard Steel has joined its Financial Restructuring practice as a partner in the New York office. Steels arrival comes on the heels of the firms West Coast expansion of the practice with the recent addition of partner Nathan Schultz in San Francisco. Steel represents creditors committees,…
Despite Japans reputation for being one of the most welcoming nations for fintech, online crypto gambling has struggled to take off in light of the countrys strict regulation. In late March, the blockchain-based, decentralized application (DApp) platform Tron announced that it would block gambling DApps in Japan, bringing the issue of regulating crypto gambling back…
CARACAS, May 20 (Reuters) – Venezuelas opposition has hired veteran debt lawyer Lee Buchheit to help restructure the countrys more than $150 billion debt burden, suggesting it could take a tough approach to dealing with investors holding defaulted bonds. Buchheit, a former Cleary Gottlieb attorney who has represented several governments in debt talks with bond…
Press release content from ACCESSWIRE. The AP news staff was not involved in its creation. Click to copyhttps://apnews.com/ACCESSWIRE/1b315f748b33fa4f4fae846ab7de9924 BOCA RATON, FL / ACCESSWIRE / May 19, 2019 / Resolvly is a seasoned and reputable debt solutions company. Started by Gregory Fishman in Boca Raton in 2014, the company continues to protect families and individuals from…