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BOONVILLE, Ind. — Touched by a YouTube video about a boy bringing extra food to a school friend who had none, Melinda Mitchell resolved to pay Warrick County students’ meal debts.
Mitchell on Friday launched Warrick County School Lunch Buddies, a small group of alumni that has already collected $1,200 in donations to defray unpaid school meal balances. The money …
CESC Ltd, the RP-Sanjiv Goenka group flagship, has got its shareholders approval for the companys proposed corporate restructuring by way of a demerger scheme of its multiple businesses. (Image: Reuters)
CESC Ltd, the RP-Sanjiv Goenka group flagship, has got its shareholders approval for the companys proposed corporate restructuring by way of a demerger scheme of its multiple businesses. In a stock exchange filing on Saturday, the company said the resolution for the approval of the scheme was passed by the shareholders with the requisite majority. According to the filing, the voting on Friday saw 100% of the votes being cast in favour of the proposed corporate restructuring of CESC. Following an order of the Kolkata bench o…
Sears’ sales are down 45% since early 2013, its debt
load has spiked to over $4 billion, and the company is losing
well over $1 billion annually.
To meet its obligations, Sears has been selling off
valuable brands and properties.
Now its pool of assets is dwindling, increasing the
risk of a bankruptcy, analysts say.
Kmart, in particular, is at risk of shutting down, as
it loses market share fast.
Wall Street analysts have made the same prediction every year for
nearly the last decade: Sears is imminently going bankrupt. But
the retailer has managed to stay afl…
Indias new insolvency and bankruptcy regime has been functioning for a year without any disclosure norms or mandatory transparency regulations. In the first year of its application, the regime is already dealing with more than 450 cases that add up to thousands of crores of rupees of unsettled debts. Neither the details of the cases being dealt with nor the deliberations over the case by creditors behind closed doors nor the final decision of either resolution or liquidation are being put out in public.
This has led to rumours and controversies about the decisions being taken by the tribunals set up under the regime, as well as the deep discounts banks and other financial lenders have had to take to settle their debts.
DALLAS, Dec. 15, 2017 /PRNewswire/ — Top 10 Jungle, a leading provider of slick digital content and online reviews, released its 2018 Debt Consolidation Reviews earlier this week.
Aerion Corp. plans to sell as much as $200 million in debt as it teams up with Lockheed Martin Corp. to build a private jet that flies faster than the speed of sound.
Its the first time Aerion, backed by Texas billionaire Robert Bass, has sought outside financing for its AS2 supersonic jet, a project the company has been working on since 2003. The aspiring planemaker hired Goldman Sachs Group Inc. to help with a debt sale that could take place within a month, said Brian Barents, executive chairman of Aerion.
Initially were going to be looking at somewhere around $150 million to $200 million that would get us through to the preliminary design phase, which would be about two years out, Barents said in a telephone interview ahea…
London (AFP) – Ryanair has invited pilot unions across Europe for talks on their recognition, the Irish no-frills airline said Friday as it faced strike action in Italy ahead of planned walkouts elsewhere.
Strike-hit Ryanair calls talks on union recognition
“Christmas flights are very important to our customers and we wish to remove any worry or concern that they may be disrupted by pilot industrial action,” Ryanair chief executive Michael O’Leary said in a statement announcing the conditional offer to pilot unions in Britain, Germany, Italy, Spain and Portugal.
The Dublin-based airline said it would recognise the unions “as long as they establish committees of…
Jonathan Yates, Iowa View contributor
Published 3:19 p.m. CT Dec. 15, 2017
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NJ Gov. Chris Christie says that if the Supreme Court rules in his state’s favor in a major sports betting case, then sports betting would quickly become available in the state. The GOP governor was in Washington to hear arguments in the case. (Dec. 4) AP
If ever there was an elephant in the hearing room of the Supreme Court, it was the FBI investigation into college basketball recruiting when Christie v NC…
It was dismissed because the allegations of Palma being insolvent or bankrupt was not made out in the petition.
Petitioner Francis Kikin Siune filed the petition on two grounds. The first was on errors and omission on the part of Electoral officials in accepting the nomination of Palma to stand for public office at the time he was declared bankrupt.
The second ground in the petition is that, after he was declared bankrupt by the National Court and elected as a member, he was not qualified to remain an MP.
Palma was declared insolvent, or bankrupt, by the Waigani National Court on June 1 after failing to pay legal costs from 2012 General Elections.
20 days after that decision, the Supreme Court stayed his status pending the outcome o…
Swiss regional carrier Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed.
The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July 2017. The new owners also own Slovenias national carrier Adria Airways. Darwin was to be rebranded as Adria Airways Switzerland for marketing purposes, although the Darwin name would remain legally alive.
On Nov. 27, Darwin filed for voluntary insolvency, the Swiss equivalent of Chapter 11, after a series of externa…
Swiss regional carrier Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed.
The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July 2017. The new owners also own Slovenias national carrier Adria Airways. Darwin was to be rebranded as Adria Airways Switzerland for marketing purposes, although the Darwin name would remain legally alive.
On Nov. 27, Darwin filed for voluntary insolvency, the Swiss equivalent of Chapter 11, after a series of externa…
It is ironical that while the 2017 Forbes India List says that the combined net worth of Indias 100 wealthiest stood at a whopping $479 billion, top corporate borrower groups in India are unable to repay loans and make timely interest payments.
Tackling NPAs
The government has taken the high moral ground to deal with the menace of non-performing assets or NPAs that have brought many public sector banks on the verge of bankruptcy. It sounded the bugle for errant promoters with its ordinance of November 23 amending the Insolvency and Bankruptcy Code (IBC) 2016. Many are of the view that if the errant promoter is disqualified from the bidding process it will lead to further losses for banks.
However, the ordinance is not likely to either eli…
CESC Ltd, the RP-Sanjiv Goenka group flagship, has got its shareholders approval for the companys proposed corporate restructuring by way of a demerger scheme of its multiple businesses. (Image: Reuters)
