Employers will have the option of a new state payroll tax under the state budget passed last week. The payroll tax, called the “employer compensation expense program,” is among a series of changes designed to prevent New Yorkers from seeing their taxes increase as a result of the federal tax reform. Business organization leaders, such…
DetailsUtility FirstEnergy has taken the long-threatened step of filing for bankruptcy protection for its competitive power generation subsidiaries. It’s the latest development for a coal and nuclear power fleet that has become a focus of the Trump administrations efforts to shift energy policies to favor fossil-fired electricity. Saturdays filing with the U.S. Bankruptcy Court for…
DetailsLUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTC: PACDQ) today announced a net loss for fourth-quarter 2017 of $129.7 million, or $6.08 per diluted share, compared to a net loss for third-quarter 2017 of $157.5 million, or $7.38 per diluted share. Net loss for full-year 2017 was $525.2 million, or $24.64 per diluted share. On November 12, 2017…
DetailsHOUSTON, April 02, 2018 (GLOBE NEWSWIRE) — On March 14, 2018, EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries (collectively, EVEP or the Company) announced that the Company entered into a restructuring support agreement (RSA) with certain holders of approximately 70 percent of its 8.0% senior notes due 2019 (the Senior Notes) and lenders holding…
DetailsGet inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. On March 14, 2018, EV Energy Partners, L.P. (NASDAQ: EVEP) and its subsidiaries (collectively, EVEP or the Company) announced that the Company entered into a restructuring support agreement (RSA) with certain holders of approximately 70 percent of its 8.0% senior notes due…
DetailsMore Australian women are faced with rising student debt as the number of female enrolments continues to outpace that of men for yet another year. Student fees are set to rise by 7.5 per cent by the year 2021, and the repayment threshold is dropping from $55,000 to $42,000 a year, which means repaying student…
DetailsNEW YORK–(BUSINESS WIRE)–Schulte Roth & Zabel (SRZ) announces the addition of Kristine Manoukian as a partner in the Business Reorganization Group, resident in the firms New York office. Ms. Manoukian joins the firm from Clifford Chance, where she was a partner in the financial restructuring group. Specializing in corporate restructuring and bankruptcy, Ms. Manoukian represents…
DetailsFew topics are less conducive to rational debate than the national debt. One of the most divisive questions is whether a country can get into trouble issuing debt in a currency it controls. Surely, a nation would face bigger problems if it borrows in foreign currencies or gold than if it only promises to repay…
DetailsKOLKATA: Facor, one of Indias oldest producers of ferro alloys, is likely to be liquidated after the NCLT Kolkata bench was informed on Monday that its Committee of Creditors has rejected all bids. Facor has been under insolvency resolution process and the 270-day period for insolvency resolution of the company got over on April 2,…
DetailsNEW DELHI: The government will soon seek the law ministrys opinion on amendments to the Insolvency and Bankruptcy Code (IBC) suggested by a high-level committee and may move an ordinance to make urgent changes. The 14-member insolvency law committee headed by corporate affairs secretary Injeti Srinivas made a presentation on its final recommendations to the…
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