People walk along the Boardwalk in Atlantic City November 17, 2015. Reuters/Carlo Allegri Atlantic City, the distressed New Jersey gambling hub, should consider privatizing its fire-fighting services and convention center and find ways to make more money off its drinking water utility, the city’s emergency manager said in an updated fiscal rescue plan. The report…
Updated Jan. 15, 2016 2:04 p.m. ET A federal appeals court in Philadelphia Friday upheld a decision that allowed the Trump Taj Mahal casino in Atlantic City, N.J., to escape its union contracts in bankruptcy. The decision is a victory for Carl Icahn, the billionaire who controls the last remaining Atlantic Casino to bear the…
Portugal’s central bank on Friday relaunched the sale of Novo Banco, created as part of the rescue of Banco Espirito Santo (BES bank), after a first attempt last year was halted due to unsatisfactory bids. The Bank of Portugal’s Board of Governors said it had “decided to renew the sale process” of Novo Banco with…
A recent brouhaha at our citys Gucun Park in Baoshan District, famous for its springtime cherry blossoms, is providing food for thought on the issue of public spaces, and what responsibilities our city and we as local citizens have for supporting these places. The case revolves around the parks decision to rent out a large…
Erik Buell Racing, circa 2014. Photo by David Swarts, copyright Roadracing World Publishing, Inc. The Walworth County (Wisconsin) Circuit Court has approved the sale of Erik Buell Racing (EBR) to Liquid Asset Partners–the same liquidation company that dismantled and sold off Buell assets in 2009-2010–for $2 million, according to a report published today by…
WINONA, Minn. (AP) The state’s Office of Higher Education has announced a new refinancing program to cut interest rates for Minnesotans who face large debt from student loans. Hundreds of thousands of Minnesota residents could be eligible. The SELF Refi program was announced Thursday in Winona. Officials say students with debt between $10,000 and $70,000…
In the third week of January bank balances are often running low just as bills start arriving for Christmas borrowing. Its no wonder that debt charities report that it is one of their busiest times of year. We are running a live advice clinic on Monday 18 January to answer readers questions about debt and…
The state’s Office of Higher Education has announced a new refinancing program to cut interest rates for Minnesotans who face large debt from student loans. Hundreds of thousands of Minnesota residents could be eligible. The SELF Refi program was announced Thursday in Winona. Officials say students with debt between $10,000 and $70,000 are eligible. The…
Last Modified: Fri, Jan 15 2016. 06 57 PM IST In the march of motivated policy reforms that are afoot in India, a new insolvency code was tabled in Parliament last month. A hat tip is due to the Bankruptcy Law Reform Committee (BLRC) for the dramatic qualitative upshift from its interim report. The…
PASADENA, Calif.–(BUSINESS WIRE)–Guidance Software, makers of EnCase®, the gold standard for digital investigations and endpoint data security, today announced that it has completed a restructuring of sales, training, channel and product development to accelerate company initiatives. Guidance Software is poised for growth, said Patrick Dennis, president and CEO of Guidance. In part, because of the…