A common financial struggle for Americans is deciding how much money to devote to savings versus paying down debt. While the answer varies on a case-by-case basis, its often important to strike a balance between the two. Wiping out high-interest debt on a timely basis will reduce the amount of total interest youll end up…
DetailsApellis Pharmaceuticals, Inc. announced a corporate restructuring to drive growth of SYFOVRE (pegcetacoplan injection) and EMPAVELI (pegcetacoplan), positioning Apellis for long-term success. This restructuring will include cost reduction initiatives that align with the Company?s near-term priorities and are expected to result in up to $300 million in total cost savings through 2024. Key elements of…
DetailsJo Constantz | Bloomberg The share of employers offering student loan repayment benefits is climbing as companies hope to gain a competitive advantage in recruiting younger workers in a still-tight labor market. The share of full-time job listings mentioning student debt repayment programs has more than doubled since 2019, according to an analysis by job…
DetailsNon-alcoholic wine and spirit purveyor Sans Drinks has survived a near-death experience to become an object lesson in the benefits of voluntary administration, according to insolvency specialist Jirsch Sutherland. The business, begun in 2020 by Nourished Life founder Irene Falcone, got off to a dream start with booming online demand for its non-alcoholic beverages, Jirsch…
DetailsApellis Pharmaceuticals is laying off one quarter of its workforce in an overhaul of its business designed to focus resources on a newly approved vision loss drug. The job cuts announced Tuesday will affect about 225 employees. The company’s field-based sales staff and medical employees are minimally affected by the reorganization, which will be completed…
DetailsYour Monday morning roundup: August 29, 2023 Your Tuesday morning roundup: August 29, 2023 03:02 BALTIMORE — Baltimore Mayor Brandon Scott and the city’s Department of Public Works are distributing over $15 million in state grant funding for customers in need of water bill debt relief. Over 75,000 Baltimore City and County residents who accrued…
DetailsHurricane Idalia is making its way to Florida with an expected landfall tomorrow morning. And with hurricanes, comes property damage and insurance claims. The states property insurance market took a huge hit last hurricane season. Mark Friedlander, with The Insurance Information Institute, said there are new changes that homeowners should pay attention to. Listen to…
DetailsExtrusion blow molding equipment company Kautex Maschinenbau GmbH has declared the production site at its headquarters in Bonn, Germany to be insolvent as of Aug. 25, 2023, according to a press release posted on its website. The declaration does not affect the companys operation in Shunde, China. Kautex also said that development of the Bonn site…
DetailsASIC has suspended the Australian financial services (AFS) licence of Navigate Global Payments Pty Ltd (Navigate) until 18 October 2023, after it was placed into voluntary administration on 30 June 2023. On 30 June 2023, Nick Combis of Vincents Chartered Accountants was appointed as voluntary administrator of Navigate. On the same day, David Hardy, Sarah…
DetailsPersistent inflation and high raw materials prices have pushed construction sector insolvencies up 16.5% higher than last year, prompting firms to seek ways to stall their payments. In the 12 months to June 2023, 4,280 construction companies in the UK went out of business 16.5% more than the previous year, according to the governments Insolvency…
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