Cimpress NV (NASDAQ: CMPR) announced fiscal second-quarter 2017 results Wednesday after the market closed, along with plans to “decentralize its organizational structure.” Shares are down more than 8% in after-hours trading, as Wall Street frowns upon continued profitability headwinds for the mass customization specialist. To be fair, going into this report Cimpress shares had all…
(Adds company comments, analyst quote) By Mark Weinraub CHICAGO, Jan 26 (Reuters) – Caterpillar Inc, the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a…
I became aware that Centrelink were trying to pin a cooked-up robo-debt of $5558 on me through a text message from the aptly named Probe group debt collection agency. There resources about how to dispute a Centrelink debt letter, including GetUp! which has a page that sends a bunch of letters to key places in…
Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…
EBR Motorcycles To Liquidate Product Equipment and Parts Less than a year after an EBR Launch Party that featured the 2016 EBR 1190SX and 1190RX, and just months after the debut of the new Black Lightning (shown above), EBR will begin a wind down of production operations commencing next week, it announced. The East Troy,…
Unimpressed: Carpendeit dairy farmer Donna Edge is among local suppliers unimpressed with the offer by National Dairy Products to creditors. The owner of embattled milk broking company, National Dairy Products (NDP), Tony Esposito, has defended his business practices, saying he was only trying to support farmers. Mr Esposito said he wanted to keep NDP afloat and…
Former senator Rod Culleton’s appeal against his bankruptcy declaration is set to return to a Perth court on Friday for a full hearing before three judges. The former One Nation member-turned independent was declared an undischarged bankrupt on December 23 but denies he is insolvent and secured a one-week extension to a 21-day stay on…
Keith Flynn was the principal of Keith Flynn & Co, which had offices in Cork and Dublin. Another solicitor who worked for the firm, former Fine Gael local election candidate Lyndsey Clarke, also had her practising certificate suspended before Christmas. They were simultaneously suspended last month by the court’s president, Mr Justice Peter Kelly, pending…
The first insolvency case under the new bankruptcy code was filed last month, more than two years after the idea of the code was floated in the first budget of the National Democratic Alliance government led by Prime Minister Narendra Modi in 2014. The case under the new Insolvency and Bankruptcy Code, 2016, was filed…
The National Company Law Tribunal (NCLT) at Hyderabad has accepted the insolvency petition of Synergies Dooray Automotive Ltd, from which Ford used to source automobile components. This was the first such case filed at any of the NCLT benches under the new insolvency code. Also, one of the earliest cases accepted from the…