‘It’s a sham’: Chris Bowen targets Scott Morrison over housing package, debt blowout – The Sydney Morning Herald

The federal government’s housing affordability package is a “sham”, Labor’s Chris Bowen says, and the measures set out in the 2017 budget will simply drive up prices. Mr Bowen, in his budget reply speech at the National Press Club on Wednesday, will slam the Coalition for quietly raising Australia’s debt ceiling to $600 billion on…

rue21 To Reduce Debt And Focus On Best Performing Stores Through Chapter 11 Reorganization With Creditor … – PR Newswire (press release)

The restructuring is an important step forward in rue21’s ongoing business transformation into a more focused and highly performing retailer. Last month, the Company began the process of closing approximately 400 underperforming stores in its 1,179 store fleet in order to streamline operations, better align the size of its footprint with market realities, and focus…

Employee Benefit Professionals Launch StuLo, a Student Loan Debt Relief and Financial Wellness Benefit – Benzinga

As an alternative to employer-funded student loan repayment assistance benefits, Student Markets Group, Inc. d/b/a StuLo, provides significantly more benefit value at little to no cost to the employer. Phoenix, Arizona (PRWEB) May 16, 2017 Student Markets Group Inc. has announced the launch of StuLo, an employee and association-member benefit program that is focused on…

Indian Insolvency Regime without Cross-border Recognition A Task Half Done? – Legally India

The Insolvency and Bankruptcy Code, 2016 (Insolvency Code) has been one of the biggest Indian reform of recent times, which has moved the regime away from one that was highly uncertain for foreign investors. Among other important changes, the Insolvency Code contemplates change in control of the company during the insolvency resolution process to an…

Componenta Corporation Business Review January March 2017 – GlobeNewswire (press release)

Componenta Corporation Stock Exchange Release on 16 May 2017 at 8.00 Comparable net sales corresponding to current continued business operations increased 9% to EUR 46.3 (42.6) million and comparable adjusted EBITDA increased from the previous year to EUR 1.9 (-1.1) million. The information presented in this business review relates to the continued operations of Componenta…

Elliott Management revises BHP restructuring plan – MarketWatch

MELBOURNE, Australia–Activist investor Elliott Management Corp. refined its attack on BHP Billiton Ltd., calling for an independent review of its petroleum business and deflecting earlier criticism by proposing the company retain a main stock listing in Australia. The revised proposals still take aim at unlocking value and halting underperformance in the stock but have shifted…