Agribusiness Ruralco is expanding its insurance and retail operations as it seeks to turn around a 69 per cent fall in full-year profit. Ruralco is acquiring a 50 per cent stake in insurer Ausure Consolidated Brokers and will merge it with assets of its Ruralco Insurance business. Also, wholly owned Ruralco subsidiary Roberts Ltd will…
Another Australian content agency has gone into administration with Louder Than Words shutting its doors after a series of expected projects fell through. The agency, which promoted itself as offering creative and affordable video production that gets results closed its doors a week ago and is now going into liquidation. Managing director, Andrew McLean, said…
Davies Chipinda Correspondent In a bid to improve the business environment and attract both domestic and foreign investment, President Mugabe last year proposed a Ten Point Plan meant to maintain economic growth, in particular the creation of jobs.Pursuant to this, a steering committee was constituted in September 2015 to lead an accelerated reform effort through a…
By Sophie Kinoti For Citizen Digital Published on 14 November 2016 East African Portland Cement (EAPCC) has set out to stamp out corruption from its operations to boost profitability. This comes in the wake of the cement maker dropping into a negative equity position with its liabilities exceeding the value of its assets. Also Read:…
Shevchenkivsky District Court of Kyiv has seized the property of Viktor Polishchuk the Gulliver shopping center, as part of the inquiry into the case on embezzlements in Bank Mykhailivsky, Ukraines Prosecutor General Yuriy Lutsenko has said. During the investigation of embezzlements within Bank Mykhailivsky, they established that the bank is owned by Ekosipan LLC, 92.5 percent…
Pittsburgh deal with Rivers Casino ensures $10M in gambling tax revenue The Rivers Casino on Pittsburgh’s North Side, March 23, 2016.Photo by Justin Merriman | Tribune…
Fripur plant. (Photo: Fripur) Fripurs ex-employees request nullity of insolvency proceedings URUGUAY Monday, November 14, 2016, 23:50 (GMT + 9) Fishing firm Fripurs former workers presented a note at a Creditors Meeting Court in which they claim the…
Verso Corp., which operates a mill in Jay, is consolidating its administrative offices and restructuring the paper company into two divisions as it continues to seek ways to trim costs. The company intends to consolidate its corporate offices in Miamisburg, Ohio, the site of its former rival NewPages headquarters, early in 2017. Verso acquired NewPage…
Updated Nov. 14, 2016 11:52 a.m. ET American Apparel LLC is headed to the bankruptcy auction block next month with a deal that means a new home for its brands and hope for its Los Angeles-based manufacturing and distribution operations, but a big question mark for the fate of the retailers 110 stores. A beleaguered…
The boutique mergers-and-acquisitions shop Perella Weinberg Partners is buying Tudor, Pickering, Holt & Co. (TPH), a small energy-focused investment bank. TPHs energy practice will continue to operate under its name, while the combined entity will take on Perellas name. We recognise the preeminent role that TPH has built as an energy banker in North America,…