Total buybacks and dividends in the S&P 500 equal about 128 per cent of annual earnings this year, the most on record outside the financial crisis, according to an August report by Barclays Capital. Dennis Brack by Oliver Renick Little by little, the corporate cushion is shrinking. Pressured by a year-and-a-half of weakening profits and…
Its hard to come up with a better example of just how topsy-turvy the global corporate tax situation is than Irelands effort to prevent Apple Inc. from paying it more than $14 billion in back taxes. The country, which only a few years ago was digging out of insolvency, doesnt want the money. Instead the…
In the next few weeks, an election event will take place that I believe could trigger major volatility ending in the market crash. I believe it is too late to reverse the tidal wave of our financial systems failure that has been brewing for three decades now. It will soon end in a speculator implosion…
Law firm Howes Percival has expanded its insolvency and corporate recovery team with the recruitment of Fiona Stuart who joins as an associate. Previously with Isadore Goldman, she will support Howes Percivals corporate team in Cambridge. Stuart specialises in all aspects of personal and corporate insolvency and advises business owners, creditors, insolvency practitioners and other…
Despite VPB, through its proprietor Anthony Siwawa, putting up a fight to save the business from final liquidation, Leburu pronounced it just and equitable for the operation to be wound up considering that its franchise agreement has been terminated while it has also failed to service a P41 million FNBB loan among other creditors. FNBB,…
KEITH WHITTEN/FAIRFAX NZ The Inland Revenue Department is applying to liquidate the Mad Butcher store in Silverdale. Another Mad Butcher store is facing liquidation, in what could be the seventh franchisee of the discount butcher chain to go under in the past 18 months. The Inland Revenue Department (IRD) has made an application to liquidate the…
Sacked workers have slammed a double glazing boss after he spent thousands on his daughter’s wedding as his business crumbled around him. Dozens of people were left jobless when TFD (Scotland) and sister firm Dalmatian Windows went out of business on August 25. And many are furious after they found out Gary Fieldman, whose company…
The Canberra Raiders and Hockey ACT have said their current sponsorships with a security company were not linked to a failed entity which had previously used the brand. Both sporting organisations said their late 2015 sponsorship deals to advertise the name TTM were with the National Corporate Group Pty Ltd, as a liquidator continues to…
Ina seminal 2015 article (goo.gl/a78kA9) on the culture of entrepreneurship in Silicon Valley, Newsweek highlighted the rarity of enormously successful tech startups unicorns that were valued at over $1billion. It likened the chances of creating a unicorn to those of a frog laying 20,000 eggs to produce a few viable tadpoles, and went on to…
In the context of US capitalism, corporate bankruptcy has become less an admission of failure or a final chapter than a kind of R&R, a chance to shed some flab and come back stronger. As anyone who has followed Donald Trumps career knows, a big company declaring Chapter 11 bankruptcy is like Lindsay Lohan checking…