Woodbridge Group of Companies LLC, a high-end real estate developer, filed for bankruptcy amid the departure of its chief executive and an investigation into potential securities fraud linked to $1 billion in investments. The Chapter 11 filing on Monday in U.S. Bankruptcy Court in Wilmington, Delaware, cited unforeseen costs associated with ongoing litigation and regulatory…
Rep. Mark Sanford, a South Carolina Republican, said the GOP tax bill has been mislabeled because its more about business taxes than personal taxes. Sanford said the GOP painted the tax bill as a middle-class tax cut because of President Donald Trumps net worth and business involvements. A Republican lawmaker said Tuesday that he doesnt…
Naomi Rovnick December 5, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/b8df1919-deb0-3eca-988c-92cea281b1eb
NCIX filed for bankruptcy last Friday after closing down its last walk-in retail store. The exact reasons why the company had run out of money are not disclosed officially, but chatter indicates that NCIX spent too much on retail stores and too little on improving the efficiency of its online business. NCIX (or Netlink Computer…
A Toys “R” Us store is seen, in Hayes Thomson Reuters LONDON (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc of the United…
LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–Zebra Technologies Corporation (NASDAQ: ZBRA), the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, announced that today it has completed the comprehensive plan to restructure its debt, which was initiated in July 2017. Today, the company redeemed the remaining $300…
Andrew Matthews | PA Images via Getty Images Sale signs outside a Toys R Us store in Basingstoke, Hampshire, as the company has put forward plans to close at least 26 U.K. stores, putting up to 800 jobs at risk. Toys R Us U.K. is to seek creditor approval for a restructuring plan involving closing…
SHERMAN OAKS, Calif.–(BUSINESS WIRE)–The Woodbridge Group of Companies, LLC and certain of its affiliates and subsidiaries (together the Company or Woodbridge) announced today that it has commenced a process to implement a debt recapitalization intended to restructure its approximately $750 million in debt. To facilitate this, Woodbridge filed voluntary petitions under Chapter 11 of the…
A Toys “R” Us store is seen, in Hayes Thomson Reuters LONDON (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc of the United…
LONDON, Dec 4 (Reuters) – Toys R Us UK is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday. The British arm of Toys R Us Inc (IPO-TOYS.N) of the United States which filed for bankruptcy in September, said…