Rising insolvencies hint at growing cracks in Australia’s economy. 2017 has been a financially stressful year for Australians. According to the Australian Financial Security Authority (AFSA), personal insolvencies are up by 8% in the September 2017 quarter compared to the same quarter last year. This is the second distinct spike in 2017, with the March…
PHILADELPHIA–(BUSINESS WIRE)–Radian Group Inc. (NYSE: RDN) today provided an update on three strategic actions designed to strengthen the companys financial position, improve its debt maturity profile, grow sustainable revenues and profitability in its Mortgage and Real Estate Services business, and increase stockholder value. These three actions are outlined below: On October 16, 2017, Radian entered…
While Washington is filled with talk about cutting taxes and possibly health care benefits, Tampa Representative Kathy Castor sat down with current and former students from the University of South Florida (USF) and the University of Tampa (UT) at the Attic in downtown Tampa on Wednesday to ask them about two of her potential…
Vulnerable Australians are drowning in debt struggling to overcome financial woes that are being magnified by attempts to manage the issues via increased debt and gambling, according to new research. Data released by The Salvation Army on Tuesday to coincide with Anti-Poverty Week shows people seeking financial assistance through its Moneycare financial counselling service are…
The Australian Tax Office is $535,000 out of pocket after the building company of Joe Scaffidi, the husband of Perths embattled Lord Mayor Lisa Scaffidi, folded in August. The company, Premier Building Solutions, is one of the entities caught up in the long-running legal brawl between Mr Scaffidi and his estranged brother, Gino. In 2014…
* To split into health and hygiene/home business units * Cuts year sales outlook to flat from 2 pct growth * Q3 like for like sales down 1 pct, miss estimates (Adds comment by analyst, share price move) By Martinne Geller LONDON, Oct 18 (Reuters) – Reckitt Benckiser has decided to split its business into…
Accepting the reality there was “no future for the business” BMS Technology directors, John and Beverley Reid made the agonising decision to enter into voluntary administration. The Adelaide-based hardware distributor had been operating for 31 years and expanded into office and warehouse facilities in Perth and Melbourne. Peter Macks and Ian Burford of Macks Advisory…
By The Canadian Press Wed., Oct. 18, 2017 An Ontario judge has approved Sears Canadas request for a revised retention bonus plan for key head office staff and store managers who stay through its liquidation process. The number of people covered by the retention plan for head office executives and staff has dropped to 36…
Accepting the reality there was “no future for the business” BMS Technology directors, John and Beverley Reid made the agonising decision to enter into voluntary administration. The Adelaide-based hardware distributor had been operating for 31 years and expanded into office and warehouse facilities in Perth and Melbourne. Peter Macks and Ian Burford of Macks Advisory…
More and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…