U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018s biggest share sale. Axa Equitable Holdings Inc. aims to raise as much as $3.7 billion in its IPO, which is expected to price after the market closes on Wednesday. The business is made up of the U.S. operations of…
Thousand of drivers were informed by text that they had no insurance after the company that covered them went bust. Alpha – which ran UK brands Cover My Cab and Protector – was declared insolvent in Denmark, meaning people’s cover ended on May 8. The company insured 700 taxi drivers and 10,000 private hire vehicles…
Theres a massive shake-up afoot at Facebook. The social networking giant is undergoing a huge restructuring, switching up its executives and rearranging the company into three core product areas. Recode has a big report out with lots of the key details, and some Facebook execs are sharing info on Twitter. A Facebook spokesperson confirmed the…
Even though for-profit colleges get a bad rap for being predatory and leaving students saddled with debt but no degree, a significant number of private nonprofit and public colleges have the same issues. For example, a recent analysis examined 781 colleges where most students borrow and few can repay their loans. While the analysis found…
What CBLs interim liquidation means for solicitors? 9 May 2018
AUSTIN — Thirty thousand dollars of debt, that’s the amount of money Austin ISD students have accrued by not being able to pay for their school lunches. But now, builders and developers from the Austin Infill Coalition are helping to chip away at that. “No matter how amazing Austin ISD is, if a kid at…
CONVICTED paedophile David Glass has dodged paying £393,000 in compensation to his victim by declaring himself bankrupt while behind bars. The 59-year-old businessman was jailed for five years in January for sexually assaulting young boys at his caravan in the East Neuk, Fife. Alan Richardson David Glass has declared himself bankrupt, avoiding having to pay…
GLADSTONE accounting firm Corporate Accountants has been wound up because it owes a quarter of a million dollars to the Australian Taxation Office. The company’s directors appointed liquidators John Shanahan and Clare Birnie on March 29. The Gervase Consulting liquidators have launched an investigation into what led to the business’s collapse and identify who the…
Cover ended on 8 May 2018. Danish-based unrated Alpha Insurance has been declared bankrupt after a filing by the liquidators. The Danish Financial Supervisory Authority has urged all policyholders to seek new policies as all existing cover has been terminated. Claims already filed may be met by the Danish Guarantee Fund in certain categories and…
Rural and regional telecommunications carrier Field Solutions Holdings (ASX:FSG) is boosting its Queensland footprint with the construction of new infrastructure in the states central region. The publicly-listed telco and cloud solutions provider told shareholders on 9 May that it will deploy both fixed wireless and rural reach network solutions to the Blackall and Tambo townships,…