Nokia CEO Pekka Lundmark Nokia is slashing up to 14,000 jobs as part of a corporate restructuring that the Finland-based telecommunications equipment vendor said is necessary to counter near-term headwinds impacting its operations. The move also comes at the tail-end of what was a previous three-year turnaround program. Nokia is positioning the job cuts as…
The Insolvency and Bankruptcy Board of India (IBBI) shall float two discussion papers one on making changes in the Corporate Insolvency Resolution Process (CIRP), and the other on corporate liquidation very soon, a government official told FE These discussion papers are intended to make changes in the regulations to maximise the value of recoveries and…
In this article LVS Follow your favorite stocksCREATE FREE ACCOUNT Las Vegas Sands‘ recovery from the Covid-19 pandemic is gaining steam, and Asia is a big reason why. The world’s largest casino company on Wednesday announced it pulled in $1.12 billion in third-quarter adjusted property EBITDA, a crucial measure of profitability in the gambling industry.…
CLARIFICATION Two articles published in the AFR in August 2014 may have been taken by some readers as suggesting that Paul Darrouzet had made substantial donations to the LNP in return for the Newman Government giving favourable treatment to his business interests at Airlie Beach. Such a meaning was never intended, and should any readers…
Washington, D.C., Oct. 19, 2023 FTI Consulting, Inc. (NYSE: FCN) announced today that the firm has received multiple industry recognitions across its Corporate Finance & Restructuring and Strategic Communications segments in recent months, demonstrating the firms depth of global expertise and commitment to client service excellence. Accolades include: Global M&A Network: FTI Consulting was recognized…
ByJolie Lash Thursday, October 19, 2023 3:45PM Burt Young, the Academy Award-nominated actor known for his timeless role as Paulie in the “Rocky” film franchise, has died at 83, his manager confirmed to ABC News. “Burt was an actor of tremendous emotional range. He could make you cry and he could scare you to death.…
The burden of student loan debt has reached crisis levels, disproportionately affecting students of color and amplifying the racial wealth gap. Now, President Biden’s latest step will help 125,000 borrowers by erasing $9 billion in debt through existing programs. This debt load is not distributed evenly across populations, it falls disproportionately on students of color…
John Byrialsen’s Danish brood farm and former stallion station Viegaard Stutteri has been declared bankrupt. An executorial sale of the horse stock and buildings will follow. Danish Horror Farm The bankruptcy follows in the wake of a major police raid, which led to digging up the cadavers of 50 horses. The raid in August was the…
Reuters. The Supertech ORB project, managed by the indebted Supertech group, has been admitted into the Corporate Insolvency Resolution Process (CIRP) by the Prayagraj National Company Law Tribunal (NCLT). This decision follows a plea from Assets Care and Reconstruction Enterprises Limited (ACRE) regarding a defaulted debt repayment of Rs. 482 crore, including both principal and…