Embracer Group has announced that the company will be restructing to make the company a leaner, stronger and a more focused, self-sufficient company. The restructuring will include layoffs and the termination, or pausing of some projects. TL;DR Key Points of the open letter: The closing of some studios and termination of unannounced projects. Where Embracer…
DetailsDebt can be a major source of stress, especially if you have a lot of high-interest loans or pending credit card bills to repay. The results of managing several loans with various due dates could include missed payments, late fees, and rising interest rates. Consolidating debt is a common solution for those who are struggling…
DetailsJun 13, 2023 11.21am Dominos Pizza chief executive Don Meij downplayed the companys earnings downgrade on Tuesday as a cycle, after weak trading pushed it to close nearly 100 stores and give up on an expansion into Denmark. The business is fighting the inflationary war on two fronts: absorbing higher prices for ingredients, energy and…
DetailsThe number of company insolvencies across Staffordshire over the past four years has jumped by more than two thirds. Figures released through the BBC Shared Data Unit reveal that across the county, 209 companies were liquidated in 2022 compared with 124 in 2019 an increase of just under 69%. The national picture saw eight out…
DetailsJun 13, 2023 4.39pm Three years after paying $NZ1 (90c) to buy New Zealands largest publisher, former journalist Sinead Boucher is in the midst of the biggest strategic pivot in the history of her media group, Stuff. Ms Boucher, who bought the company from Nine Entertainment in 2020, has announced a major leadership overhaul and…
DetailsNomura Holdings plans to scale back a brokerage venture with messaging app operator Line Group amid a gloomier outlook for the business. As part of the restructuring, Japans biggest securities firm will take over the management of client brokerage accounts while the venture, Line Securities, will focus on foreign-exchange margin trading services, the companies said…
DetailsTucked into the U.S. debt ceiling and government spending legislation signed into law by President Joe Biden last week is a guarantee student loan borrowers will have to restart paying down their debt this fall with no chance for an extension on that payment freeze. Thats despite Bidens pledge to wipe away or reduce that…
DetailsThe American Hospital Association points to two health insurance trends as drivers of increased medical debt. Those drivers are inadequate healthcare coverage and high-deductible health plans that “intentionally push more costs onto patients,” according to a June 12 news release. “While every hospital has a financial assistance policy to help those most in need, they…
DetailsHMRC seems to be on a hot streak with its recent successful challenges to small to medium enterprises (SME) restructuring plans with the recent decisions in Re Nasmyth Group Ltd [2023] EWHC 988 (Ch) (“Nasmyth”) and Re Great Annual Savings Company Ltd [2023] EWHC 1141 (Ch) (GAS). In this article, we consider the questions: are…
DetailsMedical debt has reached epic proportions, impacting the financial security of more than 100 million Americans. According to the Consumer Financial Protection Bureau, about 111 million credit lines included medical debt in 2021, with a total debt balance of $88 billion nationwide. Now a new report from the Los Angeles County Department of Public Health…
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