6:49 PM IST Roberto d’Aversa has left Parma after the club finished 11 in the league last season.Photo by Enrico Locci/Getty Images Parma have dismissed coach Roberto d’Aversa three weeks after the end of the season, the Serie A club announced on Sunday. D’Aversa, 45, took charge of Parma when they were in the third-tier…
DetailsMall owner CBL & Associates (NYSE:CBL) has been struggling for years. As a result, it has been teetering on the brink of bankruptcy ever since the COVID-19 pandemic hit the United States. Last Wednesday, the REIT acknowledged the inevitable. CBL issued a press release stating that it had entered a restructuring support agreement with a…
DetailsA record 46 companies with at least $US1 billion in assets have filed for Chapter 11 bankruptcy this year, the Financial Times reported, citing BankruptcyData.com. The previous record was 38 billion-dollar businesses during the same period of 2009. JCPenney, Brooks Brothers, and Chesapeake Energy are among the big companies that have filed for bankruptcy this…
DetailsAustralian national cabinet exploits pandemic for economic restructuring By Mike Head22 August 2020 Despite continuing COVID-19 deaths, especially in Australias chronically-underfunded aged care facilities, yesterdays meeting of the bipartisan ruling national cabinet focused on further reopening the economy for the benefit of corporate profit. The federal, state and territory government leaders paid lip service to…
DetailsNORWALK, Conn.–(BUSINESS WIRE)–Frontier Communications Corporation (OTCMKTS: FTRCQ) (Frontier or the Company) today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Companys Plan of Reorganization (the Plan), subject to final documentation. Upon emergence, the Company will have reduced its total outstanding indebtedness by more than $10 billion and…
DetailsThousands of travellers who booked holidays before the coronavirus pandemic are now in limbo after student travel agency STA went into administration. Key points: All 27 STA outlets are “closed for the foreseeable future” Customers are being advised to contact airlines, hotel companies and banks about refunds The business employs 180 full-time employees Deloitte joint…
DetailsNORWALK, Conn.–(BUSINESS WIRE)–Aug 21, 2020– Frontier Communications Corporation (OTCMKTS: FTRCQ) (Frontier or the Company) today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Companys Plan of Reorganization (the Plan), subject to final documentation. Upon emergence, the Company will have reduced its total outstanding indebtedness by more than…
Detailsnewsletters, editors-pick-list, Oliver Roths, Oliver Banovec, Oliver Roths Oliver Banovec, Harvest Homes, Oliver Roth fraud, Oliver Banovec fraud, Oliver Roths harvest homes, Harvest homes liquidation A JAILED fraudster who swindled an investor out of $500,000 will face a public examination in the Federal Court to explain his involvement in the failed Newcastle building company Harvest…
DetailsStudent travel agency STA Travel has filed for insolvency, becoming the latest tourism business to fall victim to the global COVID-19 pandemic. The iconic youth-focused travel advisor chain went into external administration on Thursday, with Consumer Protection today issuing advice for customers who were still owed money by STA Travel. At its height STA Travel,…
DetailsMany developing countries face huge debts from the COVID-19 pandemic. Market analysts now suggest that almost 40% of emerging- and frontier-market sovereign external debt could be at risk of default in the next year. An IMF endorsed ‘debt for nature swaps’ initiative could help countries tackle debt and improve sustainability together. A global debt crisis…
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