CHICAGO (WBBM NEWSRADIO) —A 79-year-old man allegedly shot and killed someone he knew for decades over a gambling debt, then called 911 after firing the shots. Willie Dunmore is charged with first-degree murder, Chicago police said. He wasordered held without bail Saturday, according to Cook County prosecutors. James Kelley, 72, who went to demand money…
Under Armour Inc. UAA, -3.28% UA, -3.90% stock fell nearly 3% in Wednesday trading after the athletic company announced an updated restructuring plan that includes higher charges. After further review, the Company has identified further opportunities and on September 2, 2020, the Companys Board of Directors approved a $75 million increase to the restructuring plan,…
Seven West Media is restructuring itscorporate affairs and publicity function, bringing in consultants and cutting from the top. The first to go isJulia Lefort, the director of corporate affairs and publicity. Shoebridge Knowles Media Group, founded byNeil Shoebridge, a formerdirector of corporate and public communications at Network Ten, has been appointed as a consultant. The…
London In Kenya, the coronavirus pandemic has dried up ecotourism, cutting off sources of funding that help protect wildlife and pay an income to communities working to preserve nature. But forgiving a share of Kenyas hefty foreign debt, in exchange for the government devoting those resources to fighting climate change threats and biodiversity loss, could…
Hedge funds and private-equity firms financing JC Penneys bankruptcy, meanwhile, would take ownership of some stores and distribution centres after forgiving portions of the companys $US5 billion debt load, one of the people said. The lenders, led by H/2 Capital Partners, would own those assets in two separate real estate investment trusts. Loading The iconic…
William D. Cohan: What exactly is Donald Trumps deal? At the same time, financial experts involved in those bankruptcies say that lenders to your companies lost billions of dollars, Wallace replied. With that record, why should we trust you to run the nations business? I have used the laws of this country just like the…
NAB has today launched the NAB StraightUp Card, Australias first no interest credit card, in response to Australians wanting more control over their finances. For a flat monthly charge, customers can get access to credit of up to $3,000. Customers dont pay the monthly fee if the card is not used1 and there are no…
Big Four accountancy firm Deloitte has reportedly begun early talks about the potential sale of its restructuring business. According to Sky News, Deloitte has told executives running its restructuring arm to sound out and approach prospective backers of a management buyout. The decision comes in the face of a potential surge in its restructuring arms…
Aussie fashion brand Colette by Colette Hayman has been officially sold out of voluntary administration, with a new owner announced today but the businesss bricks-and-mortar presence has been cut by a third. The new major shareholder and executive chairman, revealed in an announcement this morning, is ex-Myer and Edcon CEO Bernie Brookes, while John Skellern…
A federal government initiative to save thousands of businesses from sinking into insolvency during the pandemic was full of good intentions. But a new analysis suggests all it’s doing is creating a new breed of “zombie” companies and paving the way for a tsunami of insolvencies when the support measures end at the end of…