Desert Rug Co. is about to roll up and roll out. The Persian rug retailer will could close by the end of May after 12 years of business in State College, according to manager Amin Rahnama. The shop was opened in 2004 by Masood Arjmand, who was a long-time Penn State professor and businessman. He…
Updated April 26, 2016 2:34 p.m. ET Sports Authority has abandoned hope of reorganizing and exiting bankruptcy and instead will count on buyers to save parts of its sprawling retail chain, company lawyer Robert Klyman told a judge Tuesday. It has become apparent that the debtors will not reorganize under a plan but instead will…
Video will begin in 5 seconds. More video Recommended Replay video Facebook leads disruption of traditional media Fund manager Will Low sees clear winners and losers in disrupted industries. PT0M41S 620 349 ASX-listed video streaming pioneer Quickflix has called in a voluntary administrator after a restructure and cost cutting failed to save it from increased…
Robert Charles The Mutton Birds perform at Sentry Hill during the 2012 Cassic Hits Winery Tour. A Taranaki fruit winery has been placed into liquidation. In the High Court at New Plymouth on Tuesday, an order was made to liquidate Sentry Hill Winery (2006) Ltd due to an unpaid debt of $130,000 owed to New Zealand Customs. According…
Garrard claims that the Company ‘became the largest licensed electronics distributor in Australia’ and that “her” Company will continue to trade, and that she has every intention of fulfilling all existing orders. She has not said whether she has the ongoing financial capacity to fund the placing of further orders with overseas manufacturers. Documents lodged…
26 April 2016 Melissa Coade View Comments Sydney lawyer Stewart Levitt has warned that Australian laws must change along with the appointment of the new special prosecutor to deal with bank crimes and misconduct. Following news of Treasurer Scott Morrisons plans to appoint an ASIC commissioner to the new role, Mr Levitt has highlighted the need for…
Nikhil Shah, Managing Director To extend resolution services; plans to open office in Delhi New Delhi, April 25: Alvarez & Marsal, a global leader in turnaround management and corporate restructuring, intends to widen service offerings in India to include Resolution services. The firm plans to offer resolution professionals service once the new insolvency and Bankruptcy…
The US government has a lot of debt, around $19 trillion of it. Yes thats a huge, intimidating number on the face of it, but according to Scott Brown of Raymond James, its also not a serious issue. Just when you thought all the fear-mongering had subsided, the national debt has resurfaced as a topic…
It was only one sentence, uttered in a TV interview more than 14 years ago by a former Deutsche Bank CEO, but it set the ball rolling for what would become one of the most bitter and most protracted legal disputes in German corporate history. In February 2002, Rolf Breuer, a former top executive at…
Alphachatterbox is available on Acast, iTunes, and Stitcher. Many people like it when stocks go up, and feel bad when prices go down. Pension plans look healthier in bull markets. Dealmakers have more work to do when rich valuations encourage executives to go on buying sprees. Brokerage houses get more fees when amateur punters decide…
