The new Western Force will recruit high-profile players for both their national rugby and Indo Pacific championship teams.
A hit list of signings has been drawn up as mining billionaire Andrew Forrests IPRC management team moves into Perths Rugby HQ on Monday.
The NRC side will change its name from Perth Spirit to Western Force after the name was sold back to RugbyWA by Rugby Australia when it cleared voluntary administration.
A number of ex-Force Super Rugby players including former internationals, prop Pek Cowan and fly-half Peter Grant, along with back-rower Brynard Stander, scrum-half R…
State Bank of India (SBI) has initiated Corporate Insolvency Resolution Process against infrastructure developer IVRCL Ltd.
The Bank has initiated the process under the Insolvency and Bankruptcy Code 2016 and filed an application under Regulation 7 of the Code with the National Company Law Tribunal (NCLT). The hearing on the application was held on January 8 and the orders were reserved, IVRCL said in a regulatory filing on Thursday.
According to the financial results for the quarter ended September, announced in November, the company had incurred net loss of Rs. 280.58 crore for the quarter. The accumulated losses stood at Rs. 2,708.74 crore resulting in erosion of its networth. In the notes accompanying the results, the company said it…
OUTDOOR adventure gear company Mountain Designs has made the difficult decision to close one in three stores in 2018.
Shops at Joondalup, Wagga Wagga, Toowong and Dubbo closed on January 7 followed by branches at Cannington, Bendigo, Toowoomba and Wollongong on January 10, according to a statement from the company.
Stores at Pacific Fair, Ashmore, Bunbury, Moorabbin and Warringah will also close, although a date is yet to be confirmed.
Like many Australian retail businesses at present, Mountain Designs is adapting to changing pressures within the retail sector that are influencing customer buying practices, the statement read.
Some of these include increased competition, price discount fatigue, a decline in national consumer foot traffic, an…
Read the full article at: http://www.news.com.au/finance/business/retail/mountain-designs-will-close-one-in-three-stores-as-aussie-retailers-embrace-downsizing-trend/news-story/4ce74adbb93a60c19fc6aa74470c681d
A liquidation company will be auctioning off assets from the former Saskatchewan Transportation Company starting next month.
Everything from power tools to file cabinets will be sold through an online auction run by Hilco Industrial out of Ontario. The province sold the assets to the international liquidation company in December, saying it was the most-affordable option.
The auction opens Feb. 1.
Read the full article at: https://regina.ctvnews.ca/liquidation-company-selling-off-stc-assets-1.3757441
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Walmart is reportedly cutting 3,500 co-manager positions and adding 1,700 lower-paid assistant store managers.
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The restructuring comes the day after Walmart announced it will raise its starting hourly wages to $US11.
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Walmart also announced Thursday that it would close 63 Sams Club stores in a move that would impact roughly 9,400 employees.
Walmart is reportedly cutting thousands of store manager positions and adding new lower-paid positions, Bloomberg reports.
The retailer is removing 3,500 salaried co-managers and adding 1,700 assistant store managers, according to the report.
The managers whose jobs are cut will be able to apply for other positions.
The restructuring comes t…
Read the full article at: http://www.businessinsider.com/walmart-firing-managers-report-2018-1
Tortured. Anguished. Frustrated.
This describes the dark, twisted title character at the heart of Phantom of the Opera, the longest-running musical in Broadway history and a production seen by over 130 million people worldwide.
But it also describes playwright/composer Andrew Lloyd Webber during the turbulent process of revising and remounting that shows sequel Love Never Dies, which opened to poor reviews in Londons West End, was revisited before an engagement in Melbourne, Australia and further fine-tuned in Hamburg, Germany before beginning its 25-city U.S. tour this past October.
The new musical, like the original love aff…
Read the full article at: https://www.clevelandjewishnews.com/columnists/touring-love-never-dies-puts-the-see-in-sequel/article_768532ae-f7d3-11e7-998b-ab89c80b12ce.html
By
Press Association
Published:
23:02 AEDT, 12 January 2018
|
Updated:
05:32 AEDT, 13 January 2018
The crisis at Carillion looks set to deepen after it emerged that lenders to the construction giant effectively rejected a rescue plan proposed by the debt-laden group.
The Press Association understands that a business plan tabled by the group on Wednesday was knocked back because it failed to present a solid proposition for restructuring the business.
Sources also suggested that the prop…
Read the full article at: http://www.dailymail.co.uk/wires/pa/article-5262591/Carillion-knocked-business-plan-crunch-meeting-looms.html
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–Woodbridge Group of Companies, LLC and certain of its affiliates and
subsidiaries (together the Company or Woodbridge), today announced
that the Company has taken decisive steps to transition the real estate
development business away from an individual investor model to
institutional financing sources in support of the restructuring of the
business.
Specifically, the Company is reducing and restructuring its sales and
marketing team. The Company issued notices pursuant to the Worker
Adjustment and Retraining Notification (“WARN”) Act to approximately 84
sales and marketing employees in its Los Angeles, Florida…
Read the full article at: https://www.businesswire.com/news/home/20180112005542/en/Woodbridge-Group-Companies-Continues-Restructuring-Business-Maximize
State Bank of India (SBI) has initiated Corporate Insolvency Resolution Process against infrastructure developer IVRCL Ltd.
The Bank has initiated the process under the Insolvency and Bankruptcy Code 2016 and filed an application under Regulation 7 of the Code with the National Company Law Tribunal (NCLT). The hearing on the application was held on January 8 and the orders were reserved, IVRCL said in a regulatory filing on Thursday.
According to the financial results for the quarter ended September, announced in November, the company had incurred net loss of 280.58 crore for the quarter. The accumulated losses stood at 2,708.74 crore resulting in erosion of its networth. In the notes accompanying the results, the company said it has o…
Read the full article at: http://www.thehindu.com/news/cities/Hyderabad/sbi-initiates-insolvency-process-against-ivrcl/article22432117.ece
GKN is splitting its aerospace and automotive businesses in an effort to resist an unwelcome takeover approach from turnround specialist Melrose Industries that values the company at £8bn including debt.
Shares in the FTSE 100 group soared on the back of the approach from Melrose, which has proposed an offer made up of 80 per cent equity and 20 per cent cash. The proposal values GKN at 405p a share, based on Melroses closing price on January 5. GKN shares jumped 26 per cent to 419p, while shares in Melrose closed 5 per cent higher at 226.5p.
GKNs board dismissed the proposal as entirely opportunistic and said the terms fundamentally undervalue the company and its prospects.
However Melrose said that under its ownership, GKN…
Read the full article at: https://www.ft.com/content/3504a984-f77b-11e7-88f7-5465a6ce1a00
Rare Asset Reconstruction Pvt Ltd.s resolution plan got approval of 14.31 percent of the financial creditors against the minimum requirement of 75 percent.
The employees of the company, who feared liquidation and loss of livelihood, sought to repay the secured lenders and address issues of all other stakeholders, the order said. Chief Commercial Officer Pawan Kumar noted that the company had 1,178 employees and workers and it had started making profits.
The resolution plan, however, was submitted on Dec. 30, just two days before the 270-day deadline, and couldnt be considered by the committee of creditors.
Not having approved any resolution plan, the law triggers liquidation. Granting no extension, NCLT too ordered liquidation of the …
Read the full article at: https://www.bloombergquint.com/law-and-policy/2018/01/12/nclt-orders-liquidation-of-gujarat-nre-coke-via-slump-sale
