(Michael Fleshman, CC BY-SA 2.0) Using deceptive ad slogans like Obamas New Forgiveness Program and We Work for the Department of Education, private companies are charging student-loan borrowers for services that falsely claim to provide debt relief, forgiveness, and consolidation. The pervasiveness of these so-called debt-relief companies is a growing problem for millions of borrowersa…
The son of former finance minister Daim Zainuddin has been declared bankrupt after failing to repay S$1.65 million in debts that he owed to Maybank Kim Eng Securities. Md Wira Dani Abdul Daim was made bankrupt last week, according to The Straits Times. The daily said Maybank had secured a court ruling against Wira in…
Eagle Boys has fallen. Picture: Jono Searle EAGLE Boys Pizza has collapsed into voluntary administration. The nations third-largest pizza chain behind Dominos and Pizza Hut confirmed the news in a statement on its website on Friday afternoon. The Eagle Boys Dial-a-Pizza Pty Ltd (Eagle Boys) Board of Directors confirm the Australian Head Franchisor has been…
Baku, Azerbaijan, Aug. 17 By Anvar Mammadov Trend: Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17. The message said the decision on the banks…
Romanian travel agency Genius Travel sent a series of contradictory messages to its customers, informing them of its insolvency. On Friday last week, the clients who had acquired tickets from Genius Travel received a text message that the company was insolvent, reports local Profit.ro. The message also informed the clients that they could recover the…
Reboot Illinois/PolitiFact Illinois Release Misleading Fact-Check on Rauner and Trump Posted by Brittany Clingen on Wednesday, August 17, 2016 | Leave a Comment Reboot Illinois, in partnership with PolitiFact, has published a new fact-check and done what elite fact-checkers seem to do best: ignore context surrounding a statement and produce a piece that is sure to mislead…
At least six newsroom employees have been laid off at the San Diego Union-Tribune as the newspaper undergoes a reorganization. Four employees responsible for a mix of social media and homepage curation were laid off on Monday, according to multiple sources familiar with the matter. An additional two employees, photographers, have also been laid off,…
17 August 2016 17:11 (UTC+04:00) 80 By Nigar Abbasova Two Azerbaijani banks Caucasus Development Bank and Atrabank have been declared bankrupt, Azerbaijan Deposit Insurance Fund (ADIF) reported on August 17. The decision on the bankruptcy was taken by the Baku administrative-economic court 1. ADIF has been appointed a liquidator of the two banks. The Central…
Aug. 17, 2016 4:06 a.m. ET Denmarks Carlsberg A/S turned in a 25% jump in half-year net profit, with the recent sale and swap of beer assets as part of a corporate restructuring offsetting a decline in beer volumes and revenue. The brewer has been plagued by lackluster earnings amid pressure from declining Eastern European…
FATHER and son directors have been disqualified for a combined eight and a half years for causing and allowing a company to trade while insolvent being at the risk of HMRC and to the fathers benefit. Robert (63) and Brett Newmark (34) were directors of Rosslyn Hill Limited (trading as Beach Blanket Babylon) and have…