by Jack Farchy, Javier Blas and Jasmine Ng A revolt by Noble Group‘s shareholders has emerged as one of the major threats to the struggling trading house’s $US3.5 billion ($4.45 billion) restructuring deal after it agreed terms with a group of hedge fund creditors. If shareholders vote against the deal, the company will seek to implement…
NEW DELHI: The National Company Law Tribunal (NCLT) expressed surprise that Aircel chose to file for bankruptcy on its own and said it admitted the telcos plea because it believes there is potential to revive the business, given the companys current revenue generation and over Rs 32,000 crore worth of assets, including spectrum. The reasons…
Toys R Us, an iconic U.S. retailer of childrens toys, has announced plans to file liquidation papers and likely close most if not all of its remaining stores, potentially impacting up to 33,000 U.S. workers. In a conference call with staff on Wednesday, reported on by The Wall Street Journal, CEO David Brandon said the…
BERLIN, March 14 (Xinhua) — The number of company insolvencies in Germany has fallen to a record low level in 2017 due to the country’s good economy, official data by the Federal Statistical Office showed on Wednesday. A total of 20,093 business insolvencies have been reported last year, representing a decline of 6.6 percent year…
Bankrupt Toys ‘R’ Us is preparing to sell or close all 885 stores in its US chain, risking up to 33,000 jobs, after failing to reach a deal to restructure billions of dollars in debt, a person familiar with the matter said on Wednesday. With shoppers flocking to online platforms like Amazon.com and children choosing electronic…
Toys R Us Australia says it is business as usual at its 39 stores despite the US retail giants apparent collapse at home and elsewhere, and threats it will move to liquidate more stores in other countries. The bankrupt chain is reportedly selling or closing all 885 stores in the US, and the administrator of…
Diana MacQuillan, who was a teenager in Yass in the 1940s, recalls with fondness the occasional afternoon tea or lunch at Sheekeys Tearooms next to the Memorial Hall. EFFERVESCENT: TJ Sheekey, who built his father’s bakery into a soft drink empire. Photo: Yass and District Historical Society Collection They sold pies and cakes, she recalled. Their…
He was removed as a director and shareholder of Charter’s business in August last year, just two days after the rofessional services review committee delivered a withering assessment of Dr Perkoulidis’ conduct as a medical practitioner. According to a profile on the website of Integramed Health Services, Dr Perkoulidis’s main area of expertise was “the…