BISMARCK, N.D. (AP) Sears Holdings Corp. is closing more than 100 stores around the country, including the Sears in Bismarck and the Kmart in Devils Lake.
The company says employees at 64 Kmart stores and 39 Sears stores were notified Thursday that it was closing the stores between early March and early April. Company officials say liquidation sales could start as early as late next week.
The company says it’s closing unprofitable stores as it transforms its business model. Affected employees will be given severance and the opportunity to apply for open positions at other stores.
…
Read the full article at: http://www.heraldcourier.com/news/company-closing-sears-in-bismarck-kmart-in-devils-lake/article_c4c8e3bf-146d-5140-ad29-1bbebecc45f5.html
The Institute of International Finance has warned of heavy emerging market redemptions noting that over $1.5 trillion of bonds and syndicated loans would be maturing through to the end of 2018.
China, Russia, Korea and Brazil have a heavy dollar-debt repayment schedule this year with the Asian superpowers debt becoming an increasing concern for other members of the global economic family.
China, which has accounted for the lions share of new debt in emerging markets, saw the pace of debt accumulation slow slightly; the deficit rose by two percentage points last year to 294 per cent of GDP, compared to an average annual increase of 17 percentage points in the 2012-2016 period.
However, despite the growing debt mountain, the IIF said on Thur…
Read the full article at: https://www.express.co.uk/finance/city/900580/Made-In-China-World-debt-levels-hit-233-trillion-sparking-fears-of-global-crisis
Next year, luxury fashion group Oroton is due to turn 80.
One needs only to think back to the days when mum or granny carried those Oroton silver or gold Glomesh bags on a big night out to get a sense of brand nostalgia. Whether it survives to mark the occasion now rests with the success of negotiations between a corporate doctor and a group of retail landlords.
The placement of Oroton into the hands of voluntary administrators looks like a worrying omen – not just for other retailers – but for the retail landlords that have been likened more to overlords by many in the retail community.
Fund manag…
Read the full article at: http://www.smh.com.au/business/retail/oroton-battles-retail-landlords-for-its-future-20180105-p4yy9k.html
Michael Farmers Red Kite, which once dominated global copper markets, is being overhauled, according to filings at Companies House.
RK Capital Management LLP, the management company that runs the Red Kite funds, is in the process of a restructuring review which may impact its activity in future years, the January filing said.
The process is still ongoing and its not clear what its conclusions will be, according to a person close to the fund. Red Kite co-founder David Lilley is also setting up his own fund, called Drakewood Capital Management, filings show.
In the past year Red Kite has moved away from trading physical copper towards mine finance and mi…
Read the full article at: https://www.ft.com/content/ee59187e-3c53-3c7a-a291-cb4a6512d76f
Gaming operators are responsible for protecting and ensuring the safety of millions of paying customers. While online gaming can be fun and enjoyable, all too often it leads to addiction and debt. As the online gaming industry grows, so too does the social problems related to it.
Sports betting is now one of the most popular ways for young people to identify with professional sports, and its essential that online sportsbooks and casinos provide their clients with valuable resources and advice to prevent gambling addiction.
In recent years, many gaming operators, sportsbooks and online casinos have instituted policies to tackle gambling addiction. All reputable online casinos are partnered with independent third-parties, such as G…
Read the full article at: https://minutehack.com/guides/how-gaming-operators-work-with-responsible-gaming
FILE
PHOTO: A man opens the shutter of a shop painted with an
advertisement of Reliance Communications in
Mumbai
Thomson
Reuters
MUMBAI (Reuters) – China Development Bank (CDB), the biggest
foreign lender to India’s Reliance Communications Ltd (RCom) , on
Friday withdrew a petition seeking to drag the indebted telecoms
carrier into insolvency.
A lawyer for CDB told the National Company Law Tribunal that the
Chinese bank had filed to withdraw the petition. The tribunal
allowed CDB’s plea to go forward.
CDB, which is owed around $2 billion along with two other Chinese
banks, had filed the petition in November seeking insolvency
proceedin…
Read the full article at: http://www.businessinsider.com/r-chinas-cdb-withdraws-insolvency-petition-against-indias-rcom-2018-1
By late Friday night, the optimism of the new year mightve taken hold.
Maybe the Southern Kings wouldve pulled off a massive coup last night in their first Pro14 game of 2018 by beating Edinburgh on their home turf.
If that has happens, they wouldve finally snapped a 10-match losing streak.
But it probably wont because the unfortunate Kings are poster boys for some of the biggest ills plaguing South African rugby.
And by all accounts that means that Deon Davids charges wont be winning anything meaningful anytime soon.
Ironically, much of the franchises troubles isnt their fault at all.
In fact, most of the blame should be laid at administrators doors.
The Eastern Province Rugby Union (EPRU) started the rot …
Read the full article at: https://citizen.co.za/sport/south-africa-sport/sa-rugby-sport/1773702/unfortunate-kings-the-poster-boys-of-sa-rugbys-ills/
A man who threw packages of drugs over the wall into Lincoln Prison has been jailed for two years.
Charles Smith was caught on CCTV security cameras as he threw two packages containing cocaine, ecstasy and synthetic cannabis.
Andrew Scott, prosecuting, told Lincoln Crown Court that one of the packages was found by a member of staff and the other was handed to staff by a prisoner.
Mr Scott said: The police had set up cameras around the prison to capture this type of activity.
Smith was filmed walking down the access road at the side of the prison. He stepped back and threw a package over the wall. 20 seconds later he threw another package over the wall.
The court was told that cocaine and ecstasy had a value inside prison of ten ti…
Read the full article at: http://thelincolnite.co.uk/2018/01/man-jailed-throwing-drugs-walls-lincoln-prison/
Most of the counties in Kansas are offering to pay off up to 20 percent (or up to $15,000 over five years) of the student debt of new residents who hold college degrees, according to CNBC. To qualify for the recruitment perk, which the Kansas Department of Commerce is administering to help give a boost to rural areas, applicants must have an employer or county “sponsor” that agrees to match half of the repayment. So far 58 employers are participating. The state has received 3,400 applications, CNBC reports, with one-third coming from out of state.
Read the full article at: https://www.insidehighered.com/quicktakes/2018/01/05/kansas-counties-help-new-residents-pay-student-debt
ADVISORS at Wiltshire Citizens Advice expect January 31 to be the years busiest day for debt advice.
They say that people seeking help with their debts generally call for help on the last day of January.
Locally, Wiltshire Citizens Advice is expecting 300 people to seek advice on debt this month.
Suzanne Wigmore, Chief Officer of Wiltshire Citizens Advice, said: There is a surge in demand for our debt advice towards the second half of January.
Christmas in particular can take a heavy toll on people already struggling to make their money last and leave them with a debt burden in the New Year.
But this neednt become a crisis – problems can be taken care of if you seek advice early.
The New …
Read the full article at: http://www.wiltshiretimes.co.uk/NEWS/15807595.January_is_busiest_month_for_debt_advice/