Latin America Power BV shareholders sued SunEdison Inc., claiming the worlds biggest clean-energy developer is on the brink of bankruptcy and trying to hide assets. The shareholders say they need a court order to protect SunEdison assets while they pursue a claim in arbitration for $150 million, which they say theyre entitled to after the…
Around 10,000 supporters headed for the exits during the club’s 2-2 Premier League draw with Sunderland, in protest against proposals to introduce a highest-priced 77-pound ticket for next season. Principal Owner John W Henry, Chairman Tom Werner and President Mike Gordon issued a statement on the club’s website on Wednesday, apologising for any distress that…
Comments Print /License AA Goodwills paralyzed Toronto-based chapter has just $835,308 remaining in assets but owes more than $6-million to creditors such as its employees and landlords, according to documents filed when it declared bankruptcy this week. The charitys assets total just a bit more than the $700,000 Goodwill paid in rent each month for…
Since the top 10% takes home 50% of all household income, it follows that this top slice has most of the discretionary cash, i.e. net income left after taxes, servicing debt and paying for essentials such as food, utilities and housing. It also follows that the discretionary spending of the top 10% is supporting much…
Nathan Tinklers company Australian Pacific Coal has taken a crucial blow, with Tinkler stepping down from the board over a new bankruptcy ruling. Newcastle Herald reported that a Federal Court judgement found Tinkler bankrupt over the sale of a luxury jet. Trading in Australian Pacific Coal shares was suspended on Tuesday following the ruling.…
Feb 10 Former Australian coal baron Nathan Tinkler on Wednesday resigned as chief executive of Anglo Pacific Coal Ltd after losing a legal battle over money he owed from the sale of a luxury jet and being declared bankrupt. Tinkler – who rode the mining boom to become Australia’s youngest billionaire before losing it all…
Businessman Nathan Tinkler, once the nation’s youngest billionaire, is expected to appeal a Federal Court judge order that he be declared bankrupt. Picture: AAP Controversial junior coal magnate Nathan Tinkler is expected to launch a court appeal to stave off bankruptcy. The former billionaire, whose debt-fuelled mining empire collapsed in 2012 following the slide in…
February 09, 2016 Share this article: A Russian-language banking Trojan has been found manipulating the ruble-dollar exchange rate Corcow deflated the ruble by 15 percent in a short space of time A Trojan has been found manipulating the ruble-dollar exchange rate. Hackers apparently used malware on Russian bank, Energobank, in 2015 to to…
Julie Ann Cairns went to the brink of bankruptcy. Photo: Supplied Brisbane woman Julie Rainbow is one of the thousands of Australians who go bankrupt every year. More than a decade ago she and her then husband and their two children had what she describes as a “comfortable” financial situation. “We had a really nice, lovely,…
February 09, 2016 Share this article: A Russian-language banking Trojan has been found manipulating the ruble-dollar exchange rate Corcow deflated the ruble by 15 percent in a short space of time A Trojan has been found manipulating the ruble-dollar exchange rate. Hackers apparently used malware on Russian bank, Energobank, in 2015 to to…