DelGrosso: “Our target is to break even by the fourth quarter; we’d like to do it faster than that.” A year after filing for Chapter 11 bankruptcy, Chassix Inc. is inching closer to fixing the plant that almost single-handedly sent the supplier into insolvency. The supplier’s Bristol, Ind., plant, which manufactures automotive die-cast and machined…
A new wave of debt restructuring all over Latin America is poised to drive dealmaking as many companies find no other way to obtain cash. Most of the transactions out there require credit and, whether you are an investor or a banker, either you figure out how to do that or you dont have a…
Outsourcing group Capita is axing jobs at its IT enterprise services operations in Nottingham as part of a restructuring. Up to 40 jobs are set to go at the site, part of the Capita subsidiary whose services range from administering pension schemes to collecting the TV licence. A spokesman said the move was a one-off,…
India foreign direct investment (FDI) remains healthy while competitive federalism, the devolution of economic resource allocation and decision-making to the states is producing results said Adrian Lim, senior investment manager at Aberdeen Asset Management. In an interview to ET he said though corporate earnings growth has been stalling there have been signs of resilience among…
Insolvency firm Begbies Traynor has won a major new insolvency services contract with the Northern Ireland governments Department of Enterprise, Trade and Investment (DETI). Begbies said the contract will be managed by its Scotland and Northern Ireland operation, who will help the DETI manage historically high levels of both corporate and individual insolvency. Begbies said…
By Mark Kleinman, City Editor The Co-operative Bank has kicked off a search for a new chief executive nearly three years after its current boss was parachuted in to rescue it from the brink of collapse. Sky News has learnt that the Co-op Bank’s board has begun a process of identifying potential successors to Niall…
When Carole, a full-time nurse in Glasgow, found herself in credit card debt and unable to meet even the minimum repayments, she was, in one way, fortunate. Following an appointment with a debt adviser, Carole decided that the security and protection offered by a debt payment programme was the best option. This enables Carole to…
Defaulting promoters, wilful or otherwise, are known to hide behind the shield that the law provides, treating a company as a separate legal entity, distinct from its promoters, other shareholders, and directors. Following the doctrine of limited liability, the law recognises that the liability of the shareholders of a company is limited…
LONDON–(BUSINESSWIRE)– This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme Dissolution and liquidation of a subsidiary company Mitsui & Co., Ltd. (“Mitsui”; head office: Tokyo; President and CEO: Tatsuo Yasunaga) announced its subsidiary, Mitsui & Co. Texas Chlor-Alkali, Inc. resolved to dissolve the business and will complete the liquidation as follows. 1. Company…