From about 4am on October 22, prosecutor Jennifer McGarvie said, Yanagida swapped the $140,000 for gambling chips, but blew the lot over the next four hours. He returned to the hotel, climbed into bed and played dumb when his companions discovered the cash was missing and angrily confronted him. Yanagida denied the theft, Ms McGarvie…
DetailsImage: TerraCom Resources Latest News Coal miner TerraCom Resources has rolled out a $63 million restructuring plan that will support its growth ambitions. TerraCom is launching a fully underwritten offer that will firstly fetch around $35 million. The company has furthered its restructuring effort by agreeing to a $US20 million ($28 million) convertible bond with…
DetailsA little-known UK advisory firm stands to make about $27m from the restructuring of Barbadoss $7bn of debts close to what Lazard earned seven years ago when it advised Greece on defaulted debt nearly 40 times bigger. White Oak Advisory is a small firm with just two partners located opposite Claridges hotel in Londons Mayfair.…
DetailsEight out of ten companies entering insolvency in the first three months of 2019 were incorporated more than five years ago, new figures show. The data, which has been compiled by Deloitte, indicates that 195 companies entered insolvency during the first quarter, a marginal increase on the 188 insolvencies recorded for the same period a…
DetailsGerman industrial equipment maker, Siemens has announced plans to cut some 10,000 jobs in a major restructuring that will involve spinning off its oil, gas and power generation business and creating new areas of growth. The company said that it would spin off its division that makes power turbines to increase the divisions entrepreneurial freedom,…
DetailsLIQUIDATORS of failed Queensland hair dressing chain Supercuts are hopeful a buyer will emerge for the 32-year old business that closed earlier this week with the loss of 76 jobs. Pontefract Pty Ltd, which traded as Supercuts Hairdressing Salons, was voluntarily placed in liquidation on May 7, with Mark Pearce and Michael Dullaway of Brisbane-based…
DetailsWASHINGTON U.S. Rep. John Katko has joined with some ideological foes Elizabeth Warren and Jerrold Nadler to help some of the 44 million Americans trying to repay $1.5 trillion in student loan debt. The Democrats and Katko, R-Camillus, introduced a bill Thursday that would give borrowers who declare bankruptcy the option of having their student…
DetailsAdelaide Friday May 10, 2019 Call for city councillors to declare developer contact End of coal era with sale of Port Augusta power plant site Cunning Little Vixen brings to life an enchanted forest Like a fine wine Inside the other May election that will help shape the future EXCLUSIVE | An accused phoenix dev……
DetailsU.S. database giant Oracle Corp. is downsizing its China-based research and development (R&D) team with hundreds of job cuts as the company seeks to reposition its business and expand further into cloud computing. Oracle announced a restructuring plan focusing on its China R&D operation on a company conference call Tuesday. The plan will involve job…
DetailsA UK government review published on the 9th May has recommended Britain sets up a Flight Protection Scheme. The scheme would see all air passengers paying a 50p levy to finance their repatriation should their airline go bust. The Flight Protection Scheme would get you home if your airline goes bust. Photo: Pxhere Air passengers…
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