Autodesk ( ADSK ), a maker of computer-aided design software, reported slightly better-than-expected fiscal third-quarter results, but gave mixed guidance for the current quarter, sending its stock crashing in late trading Tuesday. Autodesk also announced a restructuring plan that will result in pre-tax charges of $135 million to $149 million, with about $91 million to $100 million…
Melissa Pecman finished university feeling the way many graduates do: stressed about her student debt. She landed a job as a geologist with Orix Geoscience Inc. in Sudbury and started making payments on $17,000 in government loans, Ms. Pecman says. Although she was interested in pursuing an applied masters in geology, Ms. Pecman, 27, was…
Slams canard, says ordinance levels thefield for applicants New Delhi, November 27: In defence of its recent insolvency ordinance, the government has asserted that the entire effort is aimed at disqualifying errant promoters while providing for a level-playing field for all prospective resolution applicants, including the promoters. There is no merit in the contention in…
SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…
ROHNERT PARK, Calif., Nov. 27, 2017 /PRNewswire/ — Americans are collectively facing an enormous amount of student debt, and that debt is delaying some major life milestones and financial goals for some borrowers. These can include buying a home or saving for retirement. Ameritech Financial, a document preparation company that helps federal student loan borrowers apply…
SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…
PACIFIC Highway subcontractors are preparing to ramp up their fight for months of unpaid wages from one of the project’s primary contractors, which went into voluntary administration earlier this year. About 200 highway workers who completed the Glenugie to Tyndale section of the Pacific Highway upgrade have been left without months of pay after Darling-Downs…
BSE had sought clarification from Reliance Communications after market hours yesterday with respect to news that China Development Bank has filed an insolvency case against it. China Development Bank has filed a case against Reliance Communications (RCom) under the Insolvency and Bankruptcy Code, becoming the first lender to move court against the debt-laden telecom company.…
Chris Sherwood, chief executive of Relate, explains what the charity has learned from its recent research into debt and relationships. Views do not necessarily reflect those of MoneySavingExpert.com. Relate is the UK’s leading relationships support charity next year we’ll have been providing counselling and relationship support services to people for 80 years. We…
Assured Legal Solutions is set to formally welcome its co-founder, Chris Cruikshank, from Norton Rose Fulbright (NRF) on Friday. The appointment will bring the specialist boutique firms lawyer headcount to six. Cruikshank resigned from the NRF partnership in Australia in September and was just serving his notice period. He joins former NRF special counsel Nicola…