…

Read the full article at: https://www.independent.ie/business/personal-finance/switching-saturday/change-cards-to-help-relieve-your-festive-spending-hangover-37702583.html

Tianjin Quanjians fate has brought the issue of club ownership in Chinese football back to the fore. Following the arrest of pharmaceutical giant Quanjian Group chairman Shu Yuhui and 17 other members of the company the fall of their football club has been swift.

The signs at the stadium have been dragged down and the name has been changed as the club looks to airbrush its history.

Tianjin Quanjian is no more, long live Tianjin Tianhai. The renamed club is under the control of the local sports bureau for the foreseeable future.

While Shu and his fellow purveyors of magic insoles await their fate under the Chinese legal system, sport has moved swiftly with the Tianjin Quanjian table tennis team the first to drop the name.

Alexandre Pato …

Read the full article at: https://www.scmp.com/sport/china/article/2181799/alexandre-pato-leaving-stadium-signs-dragged-down-club-name-changed

When you take the time to prepare a meal, you probably expect your food to nourish you instead of making you sick. But foodborne illness due to harmful bacteria, viruses, parasites, toxins, and chemicals is astoundingly common. The Centers for Disease Control and Prevention (CDC) estimates that about 48 million people experience a foodborne illness every year in the United States. Thats a lot of wear and tear on toilets around the nation.

Its not just restaurants or supermarket produce causing the trouble. Cooking at home is a major source of foodborne illness as well, Philip M. Tierno, Ph.D., clinical professor of microbiology and pathology at NYU Langone Health and author of the book The Secret Life of Germs, tells SELF.
Some of the basi…

Read the full article at: https://www.self.com/story/food-safety-mistakes

Jaypee Infratech, which is undergoing insolvency proceedings, will have to display the identity of all the 24,000 home buyers of its Noida housing project on its website, irrespective of the posts they hold, so that the interest of the genuine buyers is protected.

The National Company Law Tribunal (NCLT), Allahabad, in its order of December 10, 2018, said there is no need to protect the privacy of individual investors in Jaypee Infratechs housing projects after the resolution professional appealed for secrecy of the investors, particularly when they hold special post. It would rather improve transparency and voting rights of the investors, the court said.

Even if the investor in the Noida housing project is a Member of Legislative …

Read the full article at: https://www.dnaindia.com/business/report-genuine-jaypee-infratech-told-to-disclose-names-of-homebuyers-2697313

Lenders to Amtek Auto on Wednesday asked the National Company Law Tribunal (NCLT) to restart the resolution process for the company as the lone bidder Liberty House failed to make any payment.

The lenders have also asked for exclusion of the period Liberty House spent in considering the bid while taking into account the 270-day resolution period as mandated under the bankruptcy code for debt resolution.

Liberty House was declared the highest bidder for Amtek Auto in July last year after it made a Rs 4,200 crore bid for the company but failed to pay any amount to the banks, leading to banks filing a prosecution application in the NCLT against the firm. The Section 74 (3) of the I…

Read the full article at: https://www.business-standard.com/article/companies/lenders-seek-nclt-nod-for-restarting-resolution-process-for-amtek-auto-119010901402_1.html

NEW HYDE PARK, N.Y.–(BUSINESS WIRE)–Kimco Realty Corp. (NYSE:KIM) announced today transaction activity for
the fourth quarter and full year 2018.

2018 Activity:

During the fourth quarter of 2018, Kimco sold 16 properties and two land
parcels totaling 1.9 million square feet for $357.1 million. Kimcos
share of the sales price was $228.4 million. For the full year 2018, the
company sold 68 properties and eight land parcels totaling 8.2 million
square feet, for $1.1 billion. Kimcos share of the sales price was
$913.9 million. The blended cap rate for 2018 property sales was in line
with the companys expected range of 7.50% to 8.00%.

…

Read the full article at: https://www.businesswire.com/news/home/20190107006028/en/Kimco-Realty-Reports-Fourth-Quarter-Full-Year

By Paul Kibuuka

When a company borrows money from a bank, the financial institution typically takes security over assets of the firm to guarantee payment.

And regardless of the macroeconomic landscape in Tanzania, if the company fails to honour the terms of the loan or experiences financial difficulties, the bank with the security of a debenture (floating charge) over the whole or substantially the whole of the companys assets may find it necessary to appoint an administrative receiver.

It should be noted at the outset that claims of unsecured creditors are not dealt with in a receivership, but are normally dealt with in the consequent liquidation of the company. Administrative receivers have similar powers to the administrators described i…

Read the full article at: https://www.thecitizen.co.tz/oped/Of-business-rescue-and-role-of-receivers-in-Tanzania-19/1840568-4906278-etygh3/index.html

WESTPORK has positioned itself as the biggest player in the WA pork market for years to come after taking over GD Pork operations in West Pinjarra and Kojonup.

The company will hold a 45 per cent share of the market producing about 7000 pigs per week or 364,000 per year.

The Danish-owned GD Pork was WAs third biggest producer supplying 5pc of the market until it was placed into voluntary administration in November last year.

GD Pork started its operation in 2007 and invested millions of dollars into its facilities but was hit by the dramatic fall in pork prices nationally in the past few years and the high grain prices and oversupply of pork in the local market.

GD Porks managing director, as well as an internal consultant/technical expert …

Read the full article at: http://www.farmweekly.com.au/story/5843105/westpork-increases-market-share-to-45pc/

Torrent Pharmaceuticals Limited issued a voluntary recall for Losartan potassium tablets USP due to an unexpected impurity.

They are now expanding that recall to a total of 10 lots.

The recall says “Torrent is only recalling lots of losartan-containing products that contain N-nitrosodiethylamine (NDEA) above the acceptable daily intake levels released by the FDA.”

NDEA is classified as a probable human carcinogen, per the International Agency for Research on Cancer (IARC) classification.

Read the full recall here:

Torrent Pharmaceuticals Limited is expanding its voluntary recall from 2 lots of Losartan potassium tablets USP to a total of 10 lots, to the consumer level due to the detection of trace amounts of an unexpected impurity found in a…

Read the full article at: http://wsbt.com/news/local/torrent-pharmaceuticals-limited-expands-voluntary-recall-for-hypertension-drug

To the outside world, Lewis Keogh seemed to have it all.

Good looks, charm and an easy smile. A well-paid job, a company BMW and a smart flat. And, most importantly, friends and family who thought he was a diamond, one in a million.

But, away from work and his busy social scene, when he locked his door and, alone at home, fired up his laptop, Lewis was in turmoil he had become addicted to gambling.

He kept his habit a secret from everyone who knew him until, in 2013, he suddenly and shockingly took his own life at the age of 34.

Heartbreakingly, his suicide note included the words addiction is cruel.

Now, with players at his old amateur football club in Leeds …

Read the full article at: https://www.yorkshireeveningpost.co.uk/news/bereaved-couple-s-moving-message-on-gambling-addiction-as-leeds-football-club-remembers-their-son-1-9533224

Douglas Fraser
Business/economy editor, Scotland

• 4 January 2019

• Health Environmental Services has stopped trading, unable to access its remaining funds, with workers fired.
• Scots law on company insolvency has led to an impasse, where it may prove impossible for creditors to place the firm in administration.
• The company boss battles on, trying to find a buyer for his firm, and at war with Whitehall.

…

Read the full article at: https://www.bbc.co.uk/news/uk-scotland-scotland-business-46763795

MUMBAI: Bharti Airtel has accused bankrupt Aircel, which is trying to recover its dues from Indias No. 2 telco, of working towards benefitting its financial lenders at the cost of operational creditors.

Aircel entities or their resolution professional are seeking to enlarge the scope of their legal appeal, possibly with a view to take illegal and unfair advantage of a moratorium under Section 14 of the Insolvency & Bankruptcy Code and to maximise recovery for financial creditors at the cost of operational creditors such as Airtel entities, the Sunil Mittal-owned company said in an affidavit filed in the Supreme Court on Friday.

The affidavit was submitted as Aircel considered filing a contempt of court petition after Airtel paid the Maxi…

Read the full article at: https://economictimes.indiatimes.com/industry/telecom/airtel-claims-aircel-putting-lenders-over-operational-creditors/articleshow/67496933.cms