Image copyright Getty Images EasyJet has confirmed a 40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320…
HONG KONG (AFP) – Pre-tax profit at banking giant HSBC leapt fivefold in the third quarter to US$4.6 billion (S$6.28 billion), the company said on Monday (Oct 30), as business booms in Asia and a huge restructuring drive bears fruit. The massive jump in pre-tax profits came weeks after a new chief executive was unveiled…
RUGBY UNION: Peter Kurtz admits the enormity of being named Australian rugby’s top volunteer is still sinking in. The Biloela club stalwart was named the HSBC Volunteer of the Year at the Rugby Australia Awards at Royal Randwick in Sydney on Thursday night. He received the accolade at the gala ceremony in front of a…
EMBATTLED law firm Slater & Gordon (ASX: SGH) has called on its shareholders to vote in favour of a recapitalisation of its “unsustainable debt levels” otherwise it will become insolvent. Slater & Gordon says it owes a total of $761 million, as of 30 June 2017, which it cannot pay down and the debt…
Initially, the departure of Lionsgate COO of International Andrew Kramer from the companys Motion Picture Group last week was reported as the byproduct of restructuring prompted by the hiring of the Groups new co-president Joe Drake. However, according to The Hollywood Reporter, Kramers departure also reportedly follows an incident of alleged sexual-harassment against a female…
State-owned Andhra Bank has dragged Housing Development & Infrastructure (HDIL) to the National Company Law Tribunal (NCLT) in an insolvency petition because the Mumbai-based real estate developer failed to pay back Rs 55 crore invested by the bank in the company’s non-convertible debentures (NCDs). The petition filed by law firm MDP & Partners on behalf…
By Ginger Gibson and David Gaffen Puerto Rico governor calls for cancellation of Whitefish contract WASHINGTON/NEW YORK (Reuters) – Puerto Rico’s government power company said on Sunday it will cancel a $300 million contract with a tiny Montana company to restore power to the storm-hit U.S. territory after an uproar over the deal. The contract…