The dismantling of Health Diagnostic Laboratory is in full swing. A federal bankruptcy judge approved the former blood-testing firms liquidation plan during a hearing Tuesday, after HDLs lawyers fought against objections raised by… Read the full article at: http://www.richmond.com/business/article_92e1b25f-38ab-5f0f-905e-f20b331b3ddc.html
A womens clothing business with 19 retail stores across Australia and New Zealand has collapsed into voluntary administration but is continuing to trade. Meredith & Moore was founded in 1962 under the name Meredith and specialises in womens knitwear, jackets and coats. The Melbourne-based brand operates 17 stores across Australia, with stores in New Zealand. The…
Essar Steel Minnesota, a U.S. affiliate of Indias Essar Global Group, has hired financial and legal advisers to help it restructure its debt, Reuters reported last week, citing sources familiar with the matter. The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota. Its woes underscore…
CHICAGO–(BUSINESS WIRE)–Fitch Ratings believes Dell Inc.’s (Dell) sale of its information technology services (Services) business to NTT Data Corp. for more than $3 billion will help reduce approximately $50 billion of debt incurred to finance Dell’s $67 billion acquisition of EMC Corp. (EMC) announced Oct. 13, 2015. Fitch’s ‘BB’ long-term Issuer Default Ratings (IDRs) for…
More than 2,000 students who were victimized by Corinthian Colleges in Massachusetts are eligible to have their federal loans forgiven, Attorney General Maura Healey announced today at an event with U.S. Secretary of Education John B. King. According to the U.S. Department of Education, students who were defrauded at 91 former Corinthian campuses nationwide…
March 29 Olidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source…
By Grant Latimer Published 29/03/2016 Gareth Latimer, Grant Thornton’s head of cyber security services Recent insolvency statistics for Northern Ireland have confirmed that there were 2.4% fewer corporate insolvencies in 2015 than in 2014, and that the rate of decline in the last quarter of 2015 was even higher, at 4.4%, from the same quarter…
Olidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source text for…
First National has hundreds of branches across Australia and New Zealand. Photo: Eddie Jim One of Australia’s largest real estate networks is facing internal upheaval amid allegations of mismanagement, manipulation of books and possible conflicts of interest including deals with suppliers owned by or linked to its own board members. In recent months, a reform group…