Insolvency Guardian Media Centre
Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring thats meant to help the company refocus on its cloud infrastructure operations.
IEE Spectrum reportedFriday that the total number of staff cut could exceed thousands worldwide, with up to 10 percent of Oracles staff affected, though lower estimates suggest a figure of 500 at a minimum. The cuts came despite no formal announcement of the restructuring plans from the company.
Oracle did at least confirm the layoffs in a statement to Business Insider, saying the idea was to shift resources to its cloud computing business.
As our cloud business grows, we will continually balance our resources and restructure our developmen…
Read the full article at: https://siliconangle.com/2019/03/24/oracle-reportedly-axed-hundreds-staff-engineering-teams-last-week/
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.smh.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html
Three Pennsylvania state senate Democrats are launching a plan to help people with student loan debt.
Sen. Vincent Hughes, who represents parts of Philadelphia and Montgomery counties, is working with Sen.Katie Muth, who represents parts of Montgomery and Chester counties, and Lindsey Williams, who represents Allegheny County, to co-sponsor thePA Student Higher Education Lending Protection Act. The proposalwould allow people to refinance high-interest student loan debt and claim a tax credit on student loans.
Pennsylvanians carry more student loan debt per person than in any other state, Hughes said. About 1.8 million Pennsylvanians have any amount of st…
Read the full article at: https://whyy.org/articles/democratic-pa-state-senators-propose-student-loan-debt-relief/
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality.
Chinas Belt and Road Infrastructure program is a $US1 trillion ($1.4 trillion) initiative to build hundreds of major infrastructure projects such as ports and rail in 70 or more countries.
It has been dubbed a new silk road, as it creates more overland and maritime trade routes to strengthen Chinas economy and help it develop a wider sphere of influence.
The program has drawn criticism that it targets poorer nations, offering countries loans that are difficul…
Read the full article at: https://www.smh.com.au/business/the-economy/bhp-ceo-andrew-mackenzie-downplays-risks-of-china-s-new-silk-road-20190324-p5170w.html?ref=rss&utm_medium=rss&utm_source=rss_feed
to think that a college degree will help with credit score computation is just plain myth
PHILADELPHIA (PRWEB)
March 24, 2019
There are a number of credit score myths out there that is why National Debt Relief aims to educate consumers about it. The article titled 5 Credit Score Myths That You Shouldnt Believe (and 3 Truths You Should) released March 8, 2019, explains some of these credit score myths and explains them better for people to know fact from myth.
The article starts off by highlighting the importance of financial knowledge. There are times when Ignorance may be bliss, but not whe…
Read the full article at: https://virtual-strategy.com/2019/03/22/credit-score-myths-and-facts-explained-by-national-debt-relief/
to think that a college degree will help with credit score computation is just plain myth
PHILADELPHIA (PRWEB)
March 24, 2019
There are a number of credit score myths out there that is why National Debt Relief aims to educate consumers about it. The article titled 5 Credit Score Myths That You Shouldnt Believe (and 3 Truths You Should) released March 8, 2019, explains some of these credit score myths and explains them better for people to know fact from myth.
The article starts off by highlighting the importance of financial knowledge. There are times when Ignorance may be bliss, but not whe…
Read the full article at: http://virtual-strategy.com/2019/03/22/credit-score-myths-and-facts-explained-by-national-debt-relief/
The Mexican government plans to use money from a public income stabilization fund to help reduce the sizeable debt pile that state energy major Pemex has accumulated.
Reuters reports, quoting the countrys deputy finance minister, that the fund is worth US$15.4 billion and the government plans to make it counter cyclical.
Wed like to design it as a counter cyclical fund, like the copper funds in Chile are designed, where the resources are used not when the government wants to, but when the economy makes them necessary… In times of abundance, you put money into these resources, Arturo Herrera said, adding As a second part of the fund, wed like to use it to pay some of the debt obligations that Pemex has.
The state company has aro…
Read the full article at: https://oilprice.com/Latest-Energy-News/World-News/Mexico-to-Use-Stabilization-Fund-to-Pay-Down-Pemex-Debt.html
Sen. Vincent Hughes, D-Philadelphia, makes a point as they discuss pension legislation in the Rules Committee ahead of floor debate at the state Capitol in Harrisburg, Pa., Tuesday, June 30, 2015. (AP Photo/Chris Knight)
Three senate Democrats are launching a plan to help people who have student loan debt.
Senator Vincent Hughes of Philadelphia and Montgomery counties, Katie Muth of Montgomery and Chester counties and Lindsey Williams of Allegheny County said they plan to co-sponsor a plan, PA Student Higher Education Lending Protection Act, that allows people to refinance high-interest student loan debt and claim a tax credit on student loans.
Pennsylvanians have more student loan debt per person than …
Read the full article at: https://www.witf.org/news/2019/03/democratic-senators-propose-student-loan-debt-relief.php
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
SAN ANTONIO–(BUSINESS WIRE)–Mar 22, 2019–iHeartMedia, Inc. (PINK:IHRTQ) (the Company) today announced that it is evaluating potential paths to achieve its listing following emergence from its restructuring process in the second quarter of this year.
As previously announced, pursuant to its Plan of Reorganization iHeartMedia is required to use reasonable best efforts to obtain listing of the Companys Class A common stock on a recognized U.S. stock exchange following the completion of its restructuring process. Potentia…
Read the full article at: https://www.apnews.com/Business Wire/b5a45a48d06b432a98d220bec02d67b2
The Federal Court of Australia has made orders to wind up Linchpin Capital, the parent company of Beacon Financial Group, after it found that Linchpin had contravened multiple provisions of the Corporations Act.
The Federal Court of Australia has found that Endeavour Securities (Australia) Ltd (Endeavour) and Linchpin Capital Group Ltd contravened multiple provisions of the Corporations Act and has made orders to place both companies in liquidation.
The court also ordered that a registered scheme operated by Endeavour and an unregistered scheme operated by Linchpin, both called Investport Income Opportunity Fund, also be placed into liquidation.
Linchpin Capital is the parent comp…
Read the full article at: https://www.smsfadviser.com/news/17463-federal-court-winds-up-parent-company-of-smsf-firm
LONDON (Reuters) – Struggling British department store group Debenhams said on Friday its shareholders could be wiped out as a result of some of the restructuring options it is considering and rebuffed a bid by Sports Direct to buy its Danish business.
FILE PHOTO: A new Debenhams department store in a shopping centre in Watford, Britain, September 24, 2018. REUTERS/Peter Nicholls/File Photo
Debenhams has issued a string of profit warnings and lost 90 percent of its market value in the past year. The company is trying to fend off an attempt by its largest shareholder, Mike Ashleys Sports Direct, to take control of the business.
On Friday, Debenhams said it was seeking 200 million pounds ($262 million) of additional funds from lenders, all…
Read the full article at: https://www.reuters.com/article/us-debenhams-restructuring/debenhams-shareholders-may-face-wipeout-in-restructuring-idUSKCN1R30YQ
On 8 January 2019, a seminar titled Corporate Insolvency Law and Practice Basic Principles and Updates was held by the Association of Corporate Counsel (ACC) Hong Kong at the offices of ONC Lawyers.
ONC senior partner, Ludwig Ng, also the author of the Hong Kong Corporate Insolvency Manual, provided an insightful overview of Hong Kong corporate insolvency law and practice.
Ng highlighted some areas of insolvency law that are of particular concern to commercial lawyers, such as the impact of winding-up on prior transactions and the personal liabilities of directors and employees in insolvency.
The seminar was well received and attended by m…
Read the full article at: https://www.vantageasia.com/acchk-rings-2019-insolvency-seminar/