Women have yet another financial concern that weighs more heavily on their shoulders than on men’s. College-educated women are taking a longer time paying off the debt they incurred to attend school, new research has found. In 2012, working women who had graduated four years earlier had paid off about 33% of their student loans,…
Nathan Tinklers company Australian Pacific Coal has taken a crucial blow, with Tinkler stepping down from the board over a new bankruptcy ruling. Newcastle Herald reported that a Federal Court judgement found Tinkler bankrupt over the sale of a luxury jet. Trading in Australian Pacific Coal shares was suspended on Tuesday following the ruling. Tinkler…
Universal Music Group is coming towards the end of a significant period of global restructuring, MBW understands. One segment of UMG that has suffered some growing pains as a result is the Universal Music Group International (UMGI) division, which was/is based in London. Following the departure of UMGi CEO Max Hole last year, UMG boss…
The Insolvency Law Reform Bill, which enhances protections for creditors and improves the efficiency of companies being wound up, has passed the House of Representatives today, Minister for Small Business and Assistant Treasurer the Hon Kelly ODwyer said. This legislation supports the Governments commitment to modernise Australia’s insolvency and corporate reorganisation framework, Minister ODwyer said.…
There have been a number of movies made about excesses on Wall Street, but none is better than The Big Short, which is currently screening in Australian cinemas. For those who haven’t seen The Big Short I will try not to reveal too much, but by way of background, the movie is set in…