FRANKFURT (Reuters) – Siemens (SIEGn.DE) is planning further cost cuts at its Power & Gas division that will likely result in thousands of job cuts, a person familiar with the matter told Reuters on Thursday. Various scenarios are being considered, the person said, adding details of the overhaul were still to be determined. The Power…
MALAYSIA An increasing number of teenagers and schoolchildren are using the mobile phone application WeChat for online gambling, as well as to connect with others looking for sexual hook-ups and for the buying and selling of drugs, according to Malaysian Chinese-language news site Oriental Daily. Mr Zhang Jing Wen, a social worker who deals with…
Nestlé has reported organic growth of 2.6% across the business, according to its latest nine-month financial figures. The Swiss food and drinks giant enjoyed particular success in emerging markets (5.1%), with growth in established areas at 0.8%. The company recorded 1.9% organic growth in Europe, Middle East and North Africa, with particularly strong performance in…
Bega Valley Shire Council will front the NSW Industrial Relations Commission due to a dispute over moves to cut staff. United Services Union spokesman Stuart Geddes said the industrial dispute is in relation to redundancies in councils community services department, following recent funding cuts stemming from this years budget. Mr Geddes claimed some council staff are…
A MANUFACTURER of garden furniture in Thornbury has gone into liquidation after 30 years of trading. Britannic Furniture Ltd, based on Cooper Road in Thornburys industrial estate, manufactured and sold hardwood garden furniture to the general public as well as to the likes of the National Trust and cemeteries. The Bristol office of accountants Marzars…
AN increasing number of teenagers and schoolchildren are using the mobile phone application WeChat for online gambling, as well as to connect with others looking for sexual hook-ups and for the buying and selling of drugs, according to Chinese-language news site Oriental Daily. Zhang Jing Wen, a social worker who deals with marginalised teens, said…
ET Bureau| Updated: Oct 19, 2017, 11.30 AM IST The extended deadline for Nicco’s debt resolution expired on October 13. EXPAND TO VIEW ALL Kolkata: The National Company Law Tribunal (NCLT) has ordered liquidation of Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of…
Mumbai: Innoventive Industries has challenged the interim resolution professional’s (IRP) proposal to liquidate the company at the National Company Law Tribunal (NCLT) on grounds that three of its 21 lenders are creating hurdles in reviving the company. Innoventive Industries was the first case referred to the tribunal by ICICI Bank after the new Insolvency and…
Hyderabad: The National Company Law Appellate Tribunal (NCLAT) has on Wednesday stayed corporate insolvency resolution process and appointment of an interim resolution professional for Hyderabad-based infrastructure firm Gayatri Projects. In a communique to the bourses, Gayatri Projects said it has moved the appellate tribunal against the orders of the National Company Law Tribunal (NCLT) bench…
18th October 2017 // Legal News, Misc, News Kings Casino Owner Tsoukernik Remains an Active Defendant on Claims by Matthew Aussie Matt Kirk of Fraudulent Inducement and Unjust Enrichment On Tuesday, Clark County (Las Vegas) District Court Judge Linda Marie Bell dismissed eight of ten civil counts filed against the Czech Republics Kings Casino owner…