GREENVILLE, S.C. A liquidation sale at Toys R Us stores has been delayed, according to an official from the company. The liquidation sale was expected to begin Thursday after the company announced it had filed for Chapter 11 bankruptcy and planned to close its stores. Advertisement A sign was posted about 8 a.m. Wednesday on…
4:19 PM IST Ben Gladwell The Milan prosecutor’s office has opened an investigation into the sale of AC Milan from Silvio Berlusconi’s Fininvest company to Li Yonghong last April, ANSA and Reuters report. No individuals are as yet named as suspects in what is currently a preliminary investigation based on suspicious movements of funds picked…
news FINANCIAL STRESS: Mackay Spare Parts closed in February after becoming insolvent. Campbell Gellie THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says. Recent data from the Australian Financial Security Authority indicates fewer people fell into…
Anne D’Innocenzio, Associated Press Published 4:46 a.m. ET March 22, 2018 | Updated 6:45 a.m. ET March 22, 2018 CLOSE Take a trip back to your younger days with one of the nation’s best-known retail chains. USA TODAY A woman shops at a Toys R Us store in Alhambra, Calif. Dec. 19, 2017 Toys ‘R’…
Gab Marcotti takes us around the biggest story lines in Italy, including AC Milan’s Coppa Italia victory, Gonazalo Higuain injury blow and the best Serie A games this weekend. The Milan prosecutor’s office has opened an investigation into the sale of AC Milan from Silvio Berlusconi’s Fininvest company to Li Yonghong last April, ANSA and Reuters…
Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic. BELGRADE (Serbia), March 22 (SeeNews) Serbia’s Bankruptcy Supervision Agency said it accepted the bid of logistics company Nelt Group for the acquisition of the electrothermal products factory of the insolvent producer of fire-resistant materials Magnohrom in Kraljevo. Nelt group placed its 98 million dinars ($1 million/828,000 euro) bid during…
Singapore-listed Noble Group Ltd halted trading of its shares on Thursday after defaulting on a $394 million bond that matured this week, as the commodity trader seeks a $3.4 billion debt restructuring seen as critical for its survival. Noble’s restructuring deal has been opposed by some bondholders and shareholders, including Goldilocks Investment Co, which has…
Published on 22.03.2018 à 11h21 by APA News The Ghanaian press on Thursday highlights a 13-million euro government support to Ghanas financial system and the reaction of angry customers of uniBank Ghana Ltd, after the takeover by the Bank of Ghana (BoG).The Business and Financial Times (B&FT) says, Govt secures 13…
A high-level panel looking into various aspects of the insolvency law is expected to finalise its report this month wherein recommendations for “targeted amendments” will be made to the government, a senior official said. A rising number of cases involving stressed assets are being taken up for resolution under the Insolvency and Bankruptcy Code (IBC),…
NEW YORK Toy company executive Isaac Larian says he and other investors have pledged a total of $200 million in financing and hope to raise four times that amount in crowdfunding in order to bid for up to 400 of the Toys R Us stores being liquidated in bankruptcy. The unsolicited bid still faces…