Solomon Lew says the board of directors of Myer is an absolute disgrace. His Premier Investments, the largest shareholder in Myer, wants the board replaced. Lew says the banks are now in control of Myer after the department store refinanced. Billionaire retailer Solomon Lew has prepared a report card on Myer, the ailing department store…
DetailsWestend61/Getty Images After using my credit cards to pay for my extensive medical bills, I was suddenly drowning in debt. Thanks to the high interest rate on my cards, my balance continued to balloon. Desperate for a solution, I thought credit card consolidation would solve my problems, but it backfired terribly. That wasnt the fault…
DetailsTHE collapse last month of Wonga, a payday lender, was cheered by many Britons. The company, which was the best-known lender in the so-called short-term, high-cost credit market, lent money to people who needed something to tide them over until their next paycheque. It was a notorious firm. A coroners report in 2014 noted that…
DetailsBalmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago. Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to…
DetailsSupreme Court nominee Brett Kavanaugh listens to the Senate Judiciary Committee on Capitol Hill on, Sept. 4. (AP Photo/Jacquelyn Martin) The Senate Judiciary Committee late Wednesday released more than a thousand written questions posed by senators and answered by U.S. Supreme Court nominee Brett Kavanaugh in the wake of his confirmation hearing last week. In…
DetailsLuke Baylis is back in charge at SumoSalad, heading up the healthy fast food chain after putting the business into voluntary administration in July this year. Weve had a full bill of health. The team have been incredibly supportive, they are very passionate. Its been a tough time but its been incredibly positive and a fresh start…
DetailsA company that once received the biggest ever deal on the Australian edition of Shark Tank, but was marred by controversy in the months after the show aired, has fallen into voluntary administration. Coffee pod manufacturer iCapsulate was placed into voluntary administration late on Monday, with Rodgers Reidy administrator Andrew Barnden appointed to oversee the…
DetailsRecently-published UK government proposals to tighten up insolvency laws and address the business practice of phoenixing have put a fresh spotlight on a notoriously tricky area of financial regulation. Under the plans, company directors who dissolve their business to circumvent obligations such as staff payments and pension commitments could face substantial fines. The legislative backdrop…
DetailsPresident Donald Trump’s Supreme Court nominee, Brett Kavanaugh, responds to a question from Sen. Kamala Harris, D-California, at last week’s Senate Judiciary Committee hearing.(Photo: AP) WASHINGTON — Senate Democrats are demanding written answers from Supreme Court nominee Brett Kavanaugh to more than 1,000 questions following a four-day confirmation hearing last week that elicited more heat…
DetailsLast weeks combative Senate Judiciary Committee hearings saw President Donald Trumps Supreme Court nominee, Brett Kavanaugh, interrogated on everything from his views on racial profiling to abortion rights, but now one Democrat wants to know about his gambling habits. Presidents Trumps nominee for the Supreme Court, Brett Kavanaugh, performs the bunny ears air-quote maneuver during…
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