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Insolvency Guardian Media Centre
Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Closing weak stores doesn’t solve all of a retailer’s problems. J.C. Penney Co. posted a wider quarterly loss, as liquidation sales at stores it closed during the period weighed on the company’s results.
Penney shares tumbled more than 15% in Friday morning trading as investors responded to weaker-than-expected profit margins.
Penney closed 127 stores in the latest quarter. Penney CEO Marvin Ellison said the retailer had never liquidated that many stores at one time, which made forecasting difficult. But he added: “We walked away from the liquidation event a stronger company.”
Penney said in February it would close as many as 140 of its roughly 1,000 stores, joining rivals such as Macy’s Inc….
Read the full article at: http://www.marketwatch.com/story/jcpenney-stock-slides-on-wider-quarterly-loss-2017-08-11
London, August 11
Moneycontrol News
Vandana Ramnani
In a big setback to homebuyers of Jaypee group, the Allahabad bench of the National Company Law Tribunal on Wednesday declared Jaypee Infratech as an insolvent company. Homebuyers are unsure whether they will get their homes for which they have been waiting for years and have invested their life-long earnings.
What has happened? The NCLT has appointed insolvency professional Anuj Jain as CEO of Jaypee Infratech. As of now the board of directors of the company has been suspended. Jain will now sit with Jaypees creditors to see if a resolution of the companys debt is possible. He will be given six months to revive the company. This period can be extendable by another three months.
Homebuyers …
Read the full article at: http://www.moneycontrol.com/news/business/real-estate/nclt-declares-jaypee-infratech-insolvent-heres-what-homebuyers-should-do-2357269.html
Debt repayment is a tough task for a lot of Americans that is why National Debt Relief shared some valuable strategies to look into. The article titled “Debt Repayment Strategies for Struggling Families” released August 2, 2017 aims to help consumers especially struggling families with tips to pay down their debt.
Saint Paul, MN (PRWEB) August 11, 2017
Debt repayment is a tough task for a lot of Americans that is why National Debt Relief shared some valuable strategies to look into. The article titled “Debt Repayment Strategies for Struggling Families” released August 2, 2017 aims to help consumers especially struggling fam…
Read the full article at: https://www.benzinga.com/pressreleases/17/08/p9915551/debt-repayment-strategies-shared-by-national-debt-relief
DELIGHT: Brendan O’Carroll as Agnes Brown. For The Love of Mrs Brown is coming to Newcastle in January.
SUCCESS is not something Brendan OCarroll takes for granted.
Nor did it come quickly for the delightfully down-to-earth Irish comedian with a razor-sharp wit.
It took him a long time to work up the courage to be himself and follow a dream. Then he put on a dress and a wig, became foul-mouthed matriarch Agnes Brown and went on to star in one of the most popular comedy series in the world, Mrs Browns Boys.
Dont be fooled by the make-up, though. Mrs Brown is OCarroll. And he is in great spirits when Weekender calls.
If I was any better Id be embarrassed, he says with a laugh.
God bless this widow, shes been good to me.
OCarrolls husky laugh is…
Read the full article at: http://www.theherald.com.au/story/4819216/mammy-knows-better/
National Australia Bank’s mortgage rate hikes have helped the lender lift third- quarter cash profit five per cent to $1.7 billion.
NAB on Friday said revenue for the three months to June 30 rose two per cent, helped by a higher net interest margin resulting from loan repricing and what it said were more favourable funding conditions.
