Business as usual for LBI Media– Company receives $38 million loan from existing lenders to support ordinary course operations Elects to file for Chapter 11 to implement financial restructuring supported by 100% of its first lien debt LOS ANGELES, Nov. 21, 2018 (GLOBE NEWSWIRE) — LBI Media, Inc. (“LBI” or the “Company”) today announced it…
Credit: Dreamstime IT consulting firm PS&C Limited has divested the Allcom Networks business to managed services provider Crosspoint Telecommunications for $3.2 million. The payment will be broken down in three parts. First a $1 million completion payment is expected, followed by post-completion payments of $1.8 million on 21 May 2019 and $400,000 on 21 November…
IT services provider PS&C has sold off its Allcom Networks business to Sydney managed services provider Crosspoint Telecommunications for $3.2 million. The decision to offload its communications business was due to Allcom not being cohesively aligned to PS&Cs core strategy, the company said. PS&C said its strengths now lie in security and consulting, with Allcom…
City needs its cinema I was completely shocked to hear that our wonderful cinema Youthoria would be closing the doors on December 31. This cinema is such a marvelous facility in our beautiful town. The building itself is 92 years old and has such presence and history and ambiance. It offers joy to young and…
The Hyderabad-based construction company IVRCL Ltd is now headed for liquidation, after a resolution plan failed. The Resolution Process, which was moved by the main lender SBI, in the National Company Law Tribunal, Hyderabad, went through the Corporate Insolvency Process under the Insolvency and Bankruptcy Code, 2016. After the Committee of Creditors, which went through…
Long before there was this Thanksgiving edition of Tiger vs. Phil, and before there were sponsors at Shadow Creek, and big pay-per-view dollars, there was just Phil Mickelson, legendary gambler. Before The Match, there were just the matches, loads of them, the glorious details of which have leaked out over time. If youre turned off…
Image copyright Cambrian Sovereign Image caption Cambrian Sovereign built park and leisure homes for domestic and commercial clients More than 50 jobs have been lost after a company that built luxury holiday cabins went into liquidation. Cambrian and Sovereign Holding Group Ltd, owners of Cambrian Leisure Homes, was based in Coventry but built its cabins…
Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL). Incorporated in February 2007, ATL operated as a car mechanics, fuel station and convenience store. There was also a third boss, Stewart Rogers. But the 72-year-old from Northumberland had been previously disqualified for five years in January 2011…
U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors. The firm filed forChapter 11 bankruptcy at a court in theEastern District of Washington on Monday, revealing that it still owes its biggest 20 unsecured creditors nearly $7 million in court documents seen by CoinDesk. Creditors include the utilities provider…
Two garage bosses banned after they allowed a disqualified director, who happened to be their husband and ex-husband respectively, to run their company. Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL). Incorporated in February 2007, ATL operated as a car mechanics, fuel station and convenience store.…