Insolvency Guardian Media Centre
FORMER patients of two financially struggling medical centres are paying the price after receiving healthcare at the businesses.
Explaining the $77 fee lumped with patients seeking medical records, the administrators of Calliope and Gladstone Valley Medical Centres said the money would “partially recoup” what was being spent the winding up the non-profitable centres.
EARLIER
REVEALED: Administrators explain $77 fee for medical records
Worrells Solvency and Forensic Accountants director Dave Hammond said the fee would contribute to the time involved in accessing the records from the company’s computer servers, downloading and sending files.
Mr Hammond said there was a “lack of funds” between the two businesse…
Read the full article at: https://www.gladstoneobserver.com.au/news/mind-boggling-anger-at-administrators-money-grab-f/3231450/
Czech CSG to buy insolvent Serbian machinery maker IMK 14. Oktobar
Jaroslav Strnad, owner of CSG; Source: Jaroslav Strnad’s Twitter profile
BELGRADE (Serbia), October 5 (SeeNews) – Czech industrial group CSG has said it plans to acquire Serbian insolvent construction and agricultural machinery manufacturer IMK 14. Oktobar for an undisclosed sum.
The creditors’ committee of IMK 14. Oktobar approved the sale of the company to MSM Group, the Slovak subsidiary of CSG, the Czech group said in a statement earlier this week.
The contract for the sale of IMK 14. Oktobar was signed by the Serbian B…
Read the full article at: https://seenews.com/news/czech-csg-to-buy-insolvent-serbian-machinery-maker-imk-14-oktobar-585859
MANILA – Finance Secretary Carlos Dominguez is calling on the Land Bank of the Philippines and the Government Service Insurance System to come up with a refinancing program for public school teachers who are saddled with debt, his office said Thursday.
The “easy to pay, low interest” scheme is needed after a recent report by the GSIS showed that the Department of Education had the highest default rate on loans from the pension fund at 40 percent, the Department of Finance said in a statement.
The teachers can’t pay their GSIS loans because they are also paying high interest on borrowings from private institutions, the DOF said.
Low interest on refinancing will also help wean the teachers off private lenders, who charge hig…
Read the full article at: http://news.abs-cbn.com/business/10/05/17/finance-chief-seeks-debt-relief-for-public-school-teachers
Qantas shares have soared to a record high after US investment bank Goldman Sachs upgraded its rating on the airlines improved earnings growth prospects.
Qantas shares gained as much as 3.7 per cent to hit an intraday high of $6.15 on Thursday after Goldman Sachs upgraded its rating on the stock from neutral to buy, and reset the airlines target price at $6.86 more than 15 per cent higher than its most recent close.
The stock later closed at $6.12, up 3.2 per cent.
Goldman Sachs analyst Owen Birrell said Qantas remains well placed to capitalise on a forecast recovery in the Australian domestic travel market led by solid emerging business and international leisure …
Read the full article at: https://thewest.com.au/business/aviation/goldman-thumbs-up-sends-qantas-shares-sky-high-ng-b88620247z
SAN DIEGO, Oct. 04, 2017 (GLOBE NEWSWIRE) — Organovo Holdings, Inc. (NASDAQ:ONVO) (Organovo) today reported preliminary unaudited total revenue for the fiscal second quarter of 2018. The Company expects to release full fiscal second-quarter financial results on November 9, 2017. The Company also announced a restructuring plan to improve operational efficiency.
Selected Organovo Financial Highlights
- Preliminary fiscal second quarter total revenue is expected to be between $1.3 million and $1.4 million, consisting largely of product and service revenue. At the midpoint, this result reflects a 2 percent decrease in total revenue versus the comparable period of fiscal 2017 and a 36 percent increase versus the fiscal first quarter …
Read the full article at: https://globenewswire.com/news-release/2017/10/04/1140947/0/en/Organovo-Announces-Preliminary-Fiscal-Second-Quarter-Total-Revenue-Company-Restructures-to-Improve-Operational-Efficiency.html
GLADSTONE Valley and Calliope Medical Centre patients are coughing up cash for the administration of two recently closed general practice services.
In a statement provided to The Observer, administrators Worrells Solvency and Forensic Accountants explained why it is charging patients $77 to have their medical records transferred to new healthcare providers following the closures of the two long-term centres.
RELATED |
Gladstone patients charged $77 to access own medical records
Worrells’ director Dane Hammond said there was a lack of funds available in the administration, due to both centres struggling financially.
The company said, “for the administration to receive a partial recoupment of the significant cost…
Read the full article at: https://www.gladstoneobserver.com.au/news/revealed-administrators-explain-77-fee-for-medical/3231185/
00:00:02
>> It’s been two weeks since Hurricane Maria dealt a massive blow to Puerto Rico’s electrical grid, and most of the island is still in the dark. The storm was devastating, but Puerto Rico’s Electrical Power Authority, or PREPA, was already limping along before Maria. A fact the island’s Governor, Ricardo Rossello, admitted when he spoke with Reuters correspondent, Nick Brown.
00:00:26
>> What made Maria’s impact in Puerto Rico so severe was years of lack of maintenance to a grid that the governor told us was hopelessly outdated. While PREPA did have a plan to mitigate damage at the grid’s weakest areas, the Governor admitted to us, when we spoke to him, that there was nothing that was going to stop a storm like Maria from dec…
Read the full article at: http://www.reuters.tv/v/awT/2017/10/04/bankrupt-utility-behind-puerto-rico-s-power-crisis
The son of a Sheffield man who was jailed over his gambling debts has backed calls for tighter advertising laws.
Adam Bradford, whose father David was sent to prison for fraud after stealing more than £50,000 to fund his habit, said the Local Government Association, or LGA, was right to target a ‘huge rise’ in betting adverts.
Mr Bradford wants tighter restrictions on gambling firms such as William Hill.
The group, which represents councils across the UK, said it was time for the Government to tighten restrictions on adverts for gambling firms in order to prevent children developing problems as they grow older.
It said it was concerned the volume of gambling advertising, including ‘live bet’ TV adverts durin…
Read the full article at: http://www.thestar.co.uk/business/sheffield-man-backs-call-for-action-on-hugely-destructive-gambling-ads-1-8787833
THOUSAND OAKS, Calif., Oct. 4, 2017 /PRNewswire/ — In what has been a record-setting month, LoanGifting welcomes over 100,000 new student loan debtors to its crowdfunding website in September alone. What appears to be: “The Future of Student Debt Relief,” LoanGifting has combined the power of crowdfunding and employee sponsored Student LoanBenefitsTM. LoanGifting could easily attract millions to its first-of-a-kind solution to help repay student debt. “There is currently over 45 million Americans with student loan debt and the default rate is increasing every year. It’s clear millions need help with student loan repayment. LoanGifting was created for that purpose,” says Ravi K. Sawhney, LoanGifting’s founder and CEO.
Loa…
Read the full article at: http://markets.businessinsider.com/news/stocks/Over-100-000-users-join-LoanGifting-to-fight-student-debt-in-just-one-month-1003004084
A former oil and gas drilling company has resumed trading on the Australian share market under a new name and purpose: selling Australian products to Chinese tourists and “daigou”.
AuMake International sells Australian cosmetics, vitamins, long-life milk, baby products, and wool and leather products through its wholesale warehouses and retail stores.
The company wants to become the leading retail brand for “daigou” and Chinese tourists buying “clean and green” Australian products, and consolidate the highly fragmented number of daigou stores through acquisition.
Daigou means “to purchase on behalf of” in Chinese.
The daigou, who may be Australia residents or visiting Chinese, buy goods on behalf of people in China and …
Read the full article at: http://www.sbs.com.au/news/article/2017/10/05/daigou-retailer-lists-asx
Hillgrove’s conviction three years ago came after his business Hillgrove PR failed to pay nearly £90,000 in VAT and PAYE payments between 2011 and 2012. He was given a suspended sentence.
Over the past five years, he has been served with a number of demands for unpaid personal taxes, settling these with HM Revenue & Customs through part payment.
In August, he was prominently featured in Channel 4 show Catching The Tax Dodgers. Two days after the show, HMRC presented a bankruptcy petition to the London County Court, which asked Hillgrove to appear on 3 October.
Having told PRWeek he would struggle to meet HMRC’s demand, Hillgrove was declared bankrupt by the court yesterday morning.
In a press release sent to PRWeek in which he …
Read the full article at: https://www.prweek.com/article/1446392/tax-fraud-pr-man-richard-hillgrove-declared-bankrupt
(Updates with liquidation deadline, context throughout)
By Nichola Saminather
TORONTO, Oct 4 (Reuters) – Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov. 7, but its creditors set a deadline of this week to liquidate the retailers assets, leaving the company with mere days to decide its fate.
While the extension of creditor protection will keep its lenders at bay a bit longer, the new liquidation deadline means a deal with Executive Chairman Brandon Stranzl that would allow it to remain in business would still need to be reached by Saturday, Oct. 7.
Stranzl, who stepped away from Sears Canadas day-to-day operations to keep the 65-year-old company running, made a revised bid on Tuesday, his legal …
Read the full article at: https://www.reuters.com/article/sears-canada-hearing/update-1-sears-canada-lenders-seek-liquidation-despite-extended-protection-idUSL2N1MF22C
