In a breakthrough, House Republicans and Democrats have struck a deal with the White House to help rescue Puerto Rico from $70 billion in debt. A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring. The legislation came after weeks of…
Updated May 19, 2016 11:10 a.m. ET WASHINGTONHouse Republicans reached an agreement with the Obama administration to provide Puerto Rico a path to restructure its $70 billion debt load, the first step toward ending its decadelong recession. With nearly all other details ironed out, disagreements had remained over how to handle appointments to a seven-member…
Alberta Chief Justice Neil Wittmann has ruled to put lenders ahead of clean-up costs when energy companies go bankrupt. The Redwater Energy case is one that the energy sector, international investors, bankers, lawyers and regulators were all watching closely. Redwater was a tiny oil and gas company that went into insolvency in the spring of 2015. It owned a stake in 16 producing oil and…
Phil Mickelson, pro golfer and gambler, has been hanging around shady people, and now he’s been dragged into a federal case that is going to cost him $931,000 of ill-gotten gains, according to reports. The Associated Press says the Securities And Exchange Commission is filing a complaint against Mickelson related to alleged insider trading. The SEC says…
SOUTH BEND - The University of Notre Dame is making some changes within the Mendoza College of Business. Through a restructuring of its current management department, the college is adding the Department of Management and Organization and the Department of Information Technology, Analytics and Operations. It is the first time in more than 60 years…
Rockingham had biggest rise in personal insolvency ROCKINGHAM had the biggest rise in regional personal insolvency in the March quarter, according to latest statistics from the Australian Financial Security Authority. There were 62 debtors in Rockingham, the second highest after Wanneroo. The statistics from Rockingham and Wanneroo were the main contributors to a 13.1 per…
Despite recent assurances about how the energy market is to be improved, too many people in Berwick are still struggling now and for the foreseeable future to keep warm and afford their bills, so end up owing possibly hundreds of pounds to their energy suppliers. It is understandable that if you are in debt, quite…
House Republicans have introduced long-awaited legislation to help Puerto Rico manage its deepening debt crisis. A revised bill was introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring, the Associated Press reported. House Natural Resources Committee Chairman Rob Bishop said Wednesday that decisions…
LAWRENCEVILLE, N.J. Donald Trump is going to hold a rally in New Jersey to help Gov. Chris Christie pay off the debt he incurred running for president. The presumptive Republican presidential nominees fundraising rally will take place Thursday at the National Guard Armory in Lawrenceville. Christie endorsed Trump after the governor suspended his campaign for…
Pet Product Distribution has gone into insolvency, with a meeting of creditors held on April 28. The company supplied European-manufactured bird and small animal cages and had a UK supply agreement with German company Nobby, which supplies a range of 6,000 pet accessories for dogs, cats, small animals and birds. In July last year,…