Photo: Keith Birmingham/MediaNews Group/Pasadena Star-News via Getty Images When news broke that Shohei Ohtani’s interpreter, Ippei Mizuhara, had been accused of stealing $4.5 million from the baseball superstar to pay down gambling debts with a California bookie, it was already one of the more consequential sports stories of the year, rapidly overshadowing March Madness and…
In Oakland, California, the Roman Catholic Cathedral of Christ the Light is difficult to miss. Towering over Lake Merritt in the heart of the city, its modernist glass dome reflects the East Bay sun in all directions. The building, which was completed in 2008 and financed by the Roman Catholic diocese of Oakland, cost $175m.…
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Net debt trimmed through surplus land disposals Continued slump in home repair market Judging by Marshall’s (MSLH) half-year results, the trading period through to 30 June might best be described as a “holding operation”. The manufacturer of sustainable building products still faces the dual challenge of a fall-away in new housing starts and the slump in…
99 Cents Only Stores LLC has filed for bankruptcy after announcing plans in April to wind down its business operations. The California-based discount retailer listed assets of $1 billion to $10 billion and liabilities of a similar range in a Chapter 11 petition filed in Delaware. Filing Chapter 11 will give 99 Cents Only time…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Creditors of one of the main companies in René Benko’s Signa Group have alleged it fell into insolvency because of “illicit” financial transactions, not a downturn in the European property market. Their claim contradicts earlier…
Bruno Mars isn’t in the red with MGM, that is, according to the hospitality and casino giant. In a statement given to the Las Vegas Review-Journal on Monday, MGM Resorts shut down rumors the “24K Magic” singer had racked up a $50 million gambling debt, and that he was paying his balance via multiple business…
Award-winning ACT and NSW-based construction company – Project Coordination (Australia) Pty Ltd – today entered voluntary administration. Company Directors – father and son, Paul and Gavin Murphy – today appointed RSM Australia Partners Jonathon Colbran, Frank Lo Pilato and Brett Lord as joint and several Administrators of the company. The long-standing family-run company,…
A caravan company has suddenly collapsed, leaving dozens of customers out of pocket and a handful without homes. On Wednesday afternoon, Victorian-based Tango Caravans Pty Ltd plunged into liquidation. The business manufactured customised caravans and was headquartered in Somerton, Melbourne. Tyler Edmunds, a father-of-two, had been fearing the worst for months after being promised his…
A landmark program created to help eliminate medical debt for those struggling to pay their hospital bills in North Carolina now has uniform support from state hospitals. On Monday, Gov. Roy Cooper announced that all of the state’s 99 acute care hospitals will participate in an innovative new medical debt forgiveness program for low-and-middle income…