Ailing Wirecard set to exit DAX index – The Star Online

FRANKFURT: Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly review following the collapse of the payments company amid allegations of accounting fraud. The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favoured immediate removal of bankrupt companies…

Government agencies abandoning company wind-ups could cause insolvency tsunami – DynamicBusiness

Fri 14 August 2020 – 6:27 am News By Guest Author Government measures to prop up zombie businesses through the pandemic could actually be harming Australian small businesses, with new data showing company wind-ups have all but ceased in the past quarter. Prushka Fast Debt Recovery revealed through data sourced from court records that the…

Wirecard to Exit DAX Index With Delivery Hero Standing By – Yahoo Canada Finance

(Bloomberg) — Deutsche Boerse AG will remove Wirecard AG from its benchmark DAX index ahead of a regular quarterly reviewfollowing the collapse of the payments company amid allegations of accounting fraud. The decision was taken following consultations with market participants conducted after Wirecard declared insolvency in June. The results favored immediate removal of bankrupt companies…

Bankrupt Alaska airline seeks bonus for its chief executive – The Associated Press

ANCHORAGE, Alaska (AP) The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court, arguing that the bonuses are justified because of long…

Ravn is bankrupt and selling off assets, but still wants to give chief executive a bonus – Alaska Public Media News

A RavnAir Group Dash-8 plane sits on the tarmac at Anchorages international airport. (Ravn Alaska) Alaskas largest rural airline has declared bankruptcy, laid off more than 1,000 workers and is selling off its assets. But the company still wants to split $250,000 in bonuses between its highly-paid chief executive and other employees. In a filing…