RAY WHITE Queensland has rescinded their franchise agreement with Ray White Bargara after the local company went into liquidation. On Tuesday, a meeting of members of Bundaberg Stock and Property Pty Ltd resolved that the company be wound up and Christopher Richard Cook be appointed as liquidator. Chief executive officer of the Ray White Group…
Pete Rose Denies Gambling Debt … Reveals Serious Heart Condition 4/27/2018 9:02 AM PDT EXCLUSIVE Pete Rose admits he is more than a MILLION DOLLARS in debt — but the baseball legend is adamant it has nothing to do with a high stakes gambling problem. The 77-year-old also claims he has a heart condition and has…
PITTSBURGH (AP) Paint maker PPG says it will lay off about 1,100 people and take a pretax restructuring charge of between $80 million and $85 million in the second quarter. The Pittsburgh-based firm disclosed it plans in a filing made Friday with the Securities and Exchange Commission. The company employs about 47,200 worldwide, and the…
It’s the pet topic of journalists from China’s state-run media machine. Almost every press conference or CEO roundtable at last month’s Boao Forum included a pre-prepared question about President Xi Jinping’s flagship foreign policy the multitrillion-yuan infrastructure project known as The Belt and Road Initiative (BRI). The rhetoric around President Xi’s vision to construct a…
SIOUX CITY — For a while, most Siouxlanders are able to juggle debt by using credit cards to cover food, gas and other monthly essentials. But eventually, Lori Scott, a certified credit counselor at Center For Siouxland, said they get to a point where they’re unable to make payments on that debt. “Student loans become…
Greek Finance Minister Euclid Tsakalotos presented to his colleagues Friday a growth plan that the Greek government will deliver after the end of the financial assistance in August an attempt to give creditors and markets a guarantee that the country will keep reforming the economy even without external help. He told CNBC about the specific…
For the company, the mandated 270-day deadline under the corporate insolvency resolution process (CIRP) will end on April 29. Adhunik Metaliks, the flagship of the Adhunik Group, could be staring at liquidation soon as no resolution plan for the insolvent company has been approved by its lenders till date. For the company, the mandated 270-day…
By Dr Nizar Kochery/Doha Question: We understand from external sources that one of our payment defaulters, a major international company based in Qatar for a project, is going to be in liquidation. How could we know about the liquidation? Is there any procedure for informing us? Please advise.SD, Doha Answer: According to Article 312 of…
SPV Operating, the Sydney-based company which runs the iconic Opera Kitchen restaurant has gone into voluntary administration, owing $6 million to employees, the tax office and creditors. The company, which operates the venue under on the lower concourse of the Sydney Opera House and is majority owned by David Wallace, is subject to a winding…
The National Company Law Tribunals Guwahati Bench has extended the last date for the corporate insolvency process for Assam Company (India) Ltd. to July 23, 2018. This is the first major tea company to face insolvency proceedings. Significantly, industry players have expressed apprehension that other tea companies may also face similar proceedings. ACIL has tea…