BEDFORD COUNTY (WSLS10) The Smith Mountain Lake YMCA is holding a first of its kind ultra 50K race along the lakes dam. Money raised will go toward eliminating hundreds of thousands of dollars the facility accrued in debt. Some area residents told us Smith Mountain Lake attracts both those looking for rest and an adrenaline…
Sharp Corp. is facing an increasing risk of liquidation if a rescue deal with Foxconn Technology Group is delayed further, according to a top-rated analyst tracking the electronics maker. Jefferies Groups Atul Goyal raised his estimated likelihood of Sharps liquidation to a new threshold of 30 percent to 40 percent from less than 5 percent, citing…
Published 23/03/2016 BHS wants to ease the pressure on the business by asking landlords to slash the rents by 50% or 75% on 47 stores Embattled retailer BHS has been pulled back from the brink after creditors approved controversial plans to turn the business around. The department store chain was thrown a lifeline when creditors…
Social Security as it presently exists is on an unsustainable path The program is on track to burn through its remaining cash reserves by 2035. The retirement of baby boomers is pushing the worker-to-beneficiary ratio ever lower. Meanwhile, retirees themselves are living longer than ever before. In spite of this looming instability, U.S. non-retirees are…
Published 23/03/2016 BHS wants to ease the pressure on the business by asking landlords to slash the rents by 50% or 75% on 47 stores Embattled retailer BHS has been pulled back from the brink after creditors approved controversial plans to turn the business around. The department store chain was thrown a lifeline when creditors…
— Westpac has renewed a A$250 million non-recourse senior loan facility with debt solutions company FSA Group until October 2017. An institutional fund manager chipped in a $20 million mezzanine finance line . The mezzanine finance has also been renewed. FSA is in the business of assisting debtors enter into payment arrangements with their creditors,…
Steilmann SE * in course of its current business developments Steilmann se is illiquid * adhoc: steilmann se: insolvency * management board will now immediately file for insolvency Further company coverage: (Frankfurt Newsroom) Read the full article at: http://www.reuters.com/article/idUSASM0002R6
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
15:46 23/03/2016 MOSCOW, March 23 (RAPSI) – Legislators from the Kamchatka Region have submitted a bill to the State Duma, that would prohibit individuals who have been declared bankrupt from holding judicial positions, taking service at law enforcement agencies or prosecutor offices, according to the database of Russias lower house of parliament. The amendments are…
Profits at Towergate fell in 2015 thanks to hefty financial restructuring costs but the companys chairman said the company was much more stable now. The companys profits were down to £352.1 million, compared to £376.7 million in 2014 a decrease of 6.4 percent. The insurer said that this £24 million revenue decline was partly due…