Dive Brief: McDonalds will evaluate roles and staffing levels ahead of difficult discussions and decisions around jobs the company expects to finalize by April 3, CEO Chris Kempczinski wrote in a message sent to employees on Friday and reviewed by Restaurant Dive. McDonalds didnt disclose how many employees could be impacted by this potential corporate…
DetailsA failed businesswoman “buried her head in the sand” after going bankrupt and failed to reply to repeated requests for evidence of her assets by the insolvency service. A judge told mother-of-three Karen Achilleos she “closed her eyes” to letter after letter from the authorities after her bespoke cabinet-making business went bust. Derby Crown Court…
DetailsPosted on: January 10, 2023, 01:22h. Last updated on: January 10, 2023, 01:44h. Erik Gibbs Read More A man in Hong Kong wanted to pick up some extra cash, so he thought a quick robbery would do the trick. As police would find out later, he needed the money to cover gambling debts. But his…
DetailsInside the secretive world of Shark Tank deals. ILLUSTRATION BY FORBES; IMAGE BY GK HART/VIKKI HART/GETTY IMAGES Experts say that a showdown in the House over government spending and the U.S. debt limit could send the country into a government shutdown. Used car sales experienced their largest annual decline on record. Major companies like Meta…
DetailsThe CEO of Swedish state-owned enterprise Svenska Spel, Patrik Hofbauer, called for a national debt register, alongside other interventions in a public address. Hofbauer highlighted the relationship between gambling addiction and debt, arguing that the government action would be required in order to effectively manage the problem. Gambling addiction is often financed with payday loans,…
DetailsPITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation (NYSE: AA) today announced a restructuring of its Executive Leadership Team to further improve the Companys rigorous focus on operational excellence, cost, and innovation. The changes, effective February 1, 2023, will include the reassignment of responsibilities for two existing members of the Executive Leadership Team and the appointment of a new Chief…
DetailsU.S. Secretary of Education Miguel Cardona issued the following statement after the Departments of Education and Justice filed a legal brief with the Supreme Court on the Biden-Harris Administrations Student Debt Relief Program: The Biden-Harris Administration remains committed to fighting to deliver essential student debt relief to tens of millions of Americans. As part of…
DetailsWhen the Biden administration heads to the U.S. Supreme Court in February to defend its student loan forgiveness plan, arguments will likely focus on whether a nearly 20-year-old law passed in the aftermath of the Sept.11 attacks allows Education Secretary Miguel Cardona to forgive some student loans. The legality of using the Higher Education Relief…
DetailsLegalPay, which is the countrys largest litigation funding platform, has launched Interim Financing Bonds that will allow retail investors to participate in a segment that is largely seen as an arena only for the high-net-worth individuals (HNIs). These bonds are fixed-income instruments to finance the expenses of companies undergoing Corporate Insolvency Resolution Process (CIRP). Retail…
DetailsReceive free Barclays PLC updates Well send you a myFT Daily Digest email rounding up the latest Barclays PLC news every morning. Barclays is joining forces with an insolvency specialist to try to recover millions of pounds of misappropriated loans advanced under the UK governments Covid-19 bounceback scheme. The bank is among the lenders that…
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