On Tuesday Justice Lindsay Foster put on hold Lowe’s application for a court-ordered winding up until the parties go to arbitration. Wayne Taylor Woolworths’ $1.5 million Masters exit plan is back on track after the Federal Court ordered the company and its US joint venture partner, Lowe’s, to arbitrate their fallout behind closed doors. On Tuesday, Justice Lindsay Foster…
Its plausible to believe that, deep inside Donald Trumps many years of tax returns, which he has declined to make public, a surprise lurks. Heck, we already know him to be a serial exaggerator, at minimum, a person who has testified that his feelings influence his calculation of his net worth. More than one commentator…
Donald Trump h but his companies have. While the distinction is important, the fact that Trump’s companies have declared bankruptcy six times raises doubts about Trump’s business success. And it has hurt him financially. When the Trump Taj Mahal filed for bankruptcy in 1991 a year after it opened Trump had to sell off his yacht and…
I believe Workhorse (NASDAQ:WKHS) is now teetering on the edge of insolvency after indisputably failing its unviable USPS bid attempt. Since my initial report, WKHS fundamentals have deteriorated faster and to a greater degree than even I expected, causing WKHS to lose nearly half of its value. Recently however, investors have become confused again about…
Former Blue Chip boss Mark Bryers. Photo / NZME The director of a group of companies that former Blue Chip boss Mark Bryers helped run in Australia has been declared bankrupt owing A$12.8 million ($13.2m). Stephen Peter Lacy filed a debtor’s petition earlier this month with the Australian Financial Security Authority. Four banks were the…
[embedded content] How do we top this? That was the question Alexandra Blossom Festival organisers were pondering after a massively successful 60th birthday celebration over the weekend. Fine weather, a bumper crowd, great atmosphere and masses of activities combined to make a memorable occasion, organisers and patrons said. “What on earth do we do next…
Related Story: Hundreds of jobs axed as electrical firm folds A Tasmanian communications and electrical company has racked-up more than a million dollars in debt and owes workers hundreds of thousands of dollars in entitlements after forming two years ago, according to the union representing its workers. Russell Smith, which describes…
Related Story: Hundreds of jobs axed as electrical firm folds A Tasmanian communications and electrical company has racked-up more than a million dollars in debt and owes workers hundreds of thousands of dollars in entitlements after forming two years ago, according to the union representing its workers. Russell Smith, which describes…
Related Story: Hundreds of jobs axed as electrical firm folds A Tasmanian communications and electrical company has racked-up more than a million dollars in debt and owes workers hundreds of thousands of dollars in entitlements after forming two years ago, according to the union representing its workers. Russell Smith, which describes…
So, who was running Australia’s largest independent stockbroking firm BBY in the four years leading up to its spectacular demise? The ‘tyrant’ chairman, the legendary tennis player, the consultant psychic, and the chief executive have mostly been pointing at each other during the past two weeks in the witness box leaving only one clear impression – that…