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ELKINS, W.Va (WDTV) – Davis & Elkins College has smashed its fundraising record for the second consecutive year.
The college raised more than $18.5 million within the last year.
A significant portion of those donations are going towards the school’s Creating Home campaign.
The $25 million project’s goal is building a freshman village.
President Chris Wood says the new Glory Residence Hall will be opening debt-free because of these donations.
“They believe in the mission of this institution and they see the lives that are being changed by the students coming here, recognizing what they want to do with their lives, and developing the skills to make them successful,” said Wood.
A dedication ceremony for Glory Residence Hall will be held…
Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday.
No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing the company’s insolvency case in Wilmington, Delaware. A limited number of offers came in for pieces of the Delta business, not enough to save the operations, Johnson added.
(Bloomberg) — Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday.
No bidders were willing to take on all of the Delta side of the company, attorney Jeremy R. Johnson told the judge overseeing the company’s insolvency case in Wilmington, Delaware. A limited number of offers came in for pieces of the Delta business, not enough to save the operations, Johnson added.
“The good news is we’re not going to be canceling the auction,” Johnson said in court. “The bad news, we don’t have bidders for everybody.”
The parent of both sides of the business, Delta Apparel Inc., was in court…
The Town of North Rustico is trying to get a loan of up to $3.5 million from the P.E.I. government to help pay off some of the debt associated with its rink, which was built to help host the Canada Games.
The centre was supposed to cost $10 million but that price tag has more than doubled to about $23 million.
During a special meeting Thursday morning, town councillors agreed to apply for the loan to service various debts, pay legal bills in a case a creditor brought against the town, and fund the rest of the construction needed to complete work on the Eliyahu Wellness Centre at Canada Games Place.
“I’m really sorry that this happened, but it did happen, and we’re trying to deal with it, find a solution to it,” said Mayor Heather…
China’s emergence as a major lender has been transformative for global development finance. As of 2017, China had become the world’s largest official lender, surpassing the World Bank, IMF, and Paris Club combined. The China Overseas Development Finance Database details 1,099 Chinese development finance commitments abroad, amounting to $498 billion between 2008 and 2021. This volume of lending equaled 83 percent of the World Bank’s sovereign lending during that time frame, making China’s direct foreign investments some of the most active worldwide. In China’s $80 billion annual development portfolio, the vast majority of loans are targeted toward low-income countries, with significant concentrations in Southeast…
Debt forgiveness could help you erase your credit card debt this fall, but you should know a few things first.
Getty Images/iStockphoto
In today’s tough economic landscape, an increasing number of Americans are finding it tough to tackle their mounting debts. With credit card interest rates sitting at record highs and inflation eating into household budgets, there has been an uptick in the number of maxed-out credit cards and payment delinquencies nationwide. As a result, it makes sense for many of these cardholders to explore methods for managing their credit card obligations.
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