BLOOMINGTON State Farm plans to let some local employees go, but will continue to have the same number of workers in Bloomington-Normal while restructuring its information technology department over the next year.
“Job reductions will begin by offering a severance payment to certain employees who voluntarily elect to leave the company. We are uncertain how many employees will take this offer,” the company said in a statement released Tuesday afternoon.
The Bloomington-based insurer is not releasing how many workers are expected to leave overall or what the severance packages will entail, said a spokespe…
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US President Donald Trump has told struggling Puerto Ricans to be very proud of the relatively low death toll, while suggesting its recovery after devastating Hurricane Maria has put his budget a little out of whack.
One of the first people Mr Trump met when he and his wife, Melania, touched down in San Juan on Tuesday was the citys mayor, Carmen Yulin Cruz, who has repeatedly blasted the president as showing insufficient concern about Puerto Ricos plight.
Mr Trump, who has grappled with hurricanes Harvey, Irma and Maria in the past six weeks, praised the federal assistance so far in the US territory but not without a remark about the cost of the relief effort.
I hate to tell you, Puerto Rico, but youve thrown our budget a little out of wha…
Read the full article at: http://thenewdaily.com.au/news/world/2017/10/04/donald-trump-puerto-rico-debt-budget/
APPLETON, Wis., Oct. 3, 2017 /PRNewswire/ — Appvion, Inc. (the “Company”) today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware of all of the first day motions related to its Chapter 11 filing. Collectively, the orders issued by the Bankruptcy Court will help ensure that the Company continues operating its business in the ordinary course during its restructuring process.
“We remain focused on operating our business as usual and serving our customers’ needs as we continue constructive discussions with our lenders on an expedited restructuring and emergence,” said Kevin Gilligan, Chief Executive Officer of Appvion. “The approval of our first day motions transit…
Read the full article at: http://markets.businessinsider.com/news/stocks/Appvion-Receives-Court-Approval-of-First-Day-Motions-to-Support-Ongoing-Operations-1002954593
Canadian debt issuance climbed 12 per cent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc (AAPL.O), bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking.
Debt deal volumes rose to $140.5 billion in the period, while M&A and equity deals dropped more than a fifth, according to Thomson Reuters data released on Tuesday. High valuations and uncertainty surrounding U.S. regulations and trade policies held back Canadian buyers from acquiring overseas assets, bankers said.
But the maple bond market, in which foreign companies sell Canadian dollar-denominated debt, attracted a slew of blue-chip companies…
Read the full article at: http://www.bnn.ca/maple-bonds-help-canadian-debt-issues-set-record-1.874542
“We remain focused on operating our business as usual and serving our customers’ needs as we continue constructive discussions with our lenders on an expedited restructuring and emergence,” said Kevin Gilligan, Chief Executive Officer of Appvion. “The approval of our first day motions transitions us smoothly into our restructuring process, from which we expect to emerge with a sustainable capital structure, well positioned to compete, and primed to further invest in the innovation that has made Appvion a market leader in coated paper.”
Appvion received approval to access $65 million of the $85 million of new debtor-in-possession (“DIP”) fi…
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NEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded.
A bench headed by Chief Justice Dipak Misra said this while hearing a plea by over 40 homebuyers of Jaypee Wish Town project at Noida in Uttar Pradesh who have challenged certain provisions of the Insolvency and Bankruptcy Code, 2016.
The apex court, however, said it does not want to have more litigations in such matters.
“We want to help the homebuyers but not litigation,” the bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said.
“We want that homebuyers must get their…
Read the full article at: http://economictimes.indiatimes.com/wealth/personal-finance-news/homebuyers-of-jaypee-wish-town-project-must-get-their-flats-or-their-money-supreme-court/articleshow/60926350.cms
Oct 01, 2017, 11.40 PM IST
MUMBAI: Banks will meet this week to explore the possibility of convincing other dominant industry players to step in to bail out RCom after its proposed merger with Aircel lapsed on Sunday, said bankers familiar with the devel…
Read the full article at: http://economictimes.indiatimes.com/news/company/corporate-trends/banks-to-meet-next-week-to-help-rcom-cut-debt/articleshow/60904985.cms