Energy firms ordered to do more to help those in debt Energy regulator Ofgem has called on suppliers to do more to help those who fall behind on payments, after finding customers owe an average of more than £600 before being put on a debt repayment plan. Ofgem’s research found energy firms are…
The business restructuring would be Daimlers biggest corporate revamp since it ended its ambitions of becoming global car giant with the sale of Chrysler a decade ago. Photo: Reuters Munich: Daimler AG is firming up plans for its biggest corporate overhaul in a decade, granting its cars and trucks operations more independence in bid to…
Energy suppliers must help vulnerable customers in debt 16 October 2017 From the section Business Image copyright PA Gas and electricity firms must do more to help those struggling to pay bills by spotting debt before it becomes severe, the energy watchdog has said. While the number of customers in debt is down, providers allow…
TORONTO — Sears Canada Inc. says executive chairman Brandon Stranzl has resigned from its board of directors following court approval last week for the retailer to begin its liquidation sales. The company says his services are no longer required. Sears Canada has been operating under court protection from creditors since June. Stranzl had led a…
Vandana Ramnani Moneycontrol News The Union Housing and Urban Affairs Ministrys recommendation to the Ministry of Corporate Affairs that the Insolvency and Bankruptcy Code rules ought to be tweaked to make homebuyers primary secured creditors has been welcomed by troubled Jaypee and Amrapali homebuyers as a positive step but they are not sure whether the…
Employees of the 3rd May Shipyard say that the situation is dire. Workers of the 3rd May Shipyard have issued a statement saying they are worried about the fate of their company and announced industrial action steps to help stabilise the company, reports Novi List on October 16, 2017. The trade union representatives noted that…
LOS ALAMOS, N.M., Oct. 16, 2017 /PRNewswire/ — UbiQD, Inc., a New Mexico-based quantum dot manufacturer, announced today that it has been recognized as one of the newest portfolio companies in Breakout Labs, a fund within the Thiel Foundation that finances and nurtures early-stage science-based companies. As part of its commitment to investing in UbiQD’s growth,…
DALLAS, Oct. 16, 2017 /PRNewswire/ — CR3 Partners, a national turnaround and performance improvement firm serving the mid-market, today announced that Partner Rob Carringer has been selected to speak at The Annual, the Turnaround Management Association’s (TMA) 29th Annual Conference which takes place October 23-25 at the Omni Fort Worth Hotel in Fort Worth, Texas. Carringer,…
Innoventive Industries Ltd, a Pune-based steel products maker that is undergoing bankruptcy proceedings, has approached the Mumbai bench of National Company Law Tribunal (NCLT) cha …. Leave Your Comment Buyout firm TPG Capital has again emerged as the front runner to acquire ICICI… The government will form a committee to guide foreign investors about the……
Two men were sentenced this morning to 28 months in prison for extortion and other crimes after forcing a woman to take a bath in order to pay off her gambling debt. According to Apple Daily, defendants Lai Man-hon, 30, and Chan Tsz-ming, 28, forced the victim a 25 year-old woman to strip down and take…