A former director of the company that ran Clerys department store prior to its controversial liquidation in 2015 has pleaded guilty to a criminal offence under employment law. Brendan Cooney with an address at Weirview Drive, Stillorgan, Co Dublin was a director of OCS Operations Ltd – the company that ran the retail operation based on Dublin’s…
DetailsMUMBAI (Reuters) – China Development Bank (CDB), the biggest foreign lender to India’s Reliance Communications Ltd (RCom) <RLCM.NS>, on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency. A lawyer for CDB told the National Company Law Tribunal that the Chinese bank had filed to withdraw the petition. The tribunal allowed…
DetailsRoughly $2 million worth of merchandise from bankrupt local retailer Prestige Appliance will be liquidated starting Saturday morning at the companys Aiken showroom and warehouse. A similar sale begins Tuesday at its Columbia, S.C., store, according to Grand Rapids, Mich.-based Liquid Asset Partners on behalf of the U.S. Bankruptcy Court trustee assigned to the Chapter…
DetailsMINNEAPOLIS–(BUSINESS WIRE)–Apogee Enterprises, Inc. (Nasdaq:APOG), which provides distinctive solutions for enclosing commercial buildings and framing art, today announced details of the planned restructuring referenced in its December 21, 2017, third-quarter earnings release. As part of our initiatives to diversify and strengthen our business for more stable performance in any economic cycle, Apogee is making significant…
DetailsBISMARCK, N.D. (AP) Sears Holdings Corp. is closing more than 100 stores around the country, including the Sears in Bismarck and the Kmart in Devils Lake. The company says employees at 64 Kmart stores and 39 Sears stores were notified Thursday that it was closing the stores between early March and early April. Company officials…
DetailsThe Institute of International Finance has warned of heavy emerging market redemptions noting that over $1.5 trillion of bonds and syndicated loans would be maturing through to the end of 2018. China, Russia, Korea and Brazil have a heavy dollar-debt repayment schedule this year with the Asian superpowers debt becoming an increasing concern for other…
DetailsNext year, luxury fashion group Oroton is due to turn 80. One needs only to think back to the days when mum or granny carried those Oroton silver or gold Glomesh bags on a big night out to get a sense of brand nostalgia. Whether it survives to mark the occasion now rests with the…
DetailsHenry Sanderson January 5, 2018 Michael Farmers Red Kite, which once dominated global copper markets, is being overhauled, according to filings at Companies House. RK Capital Management LLP, the management company that runs the Red Kite funds, is in the process of a restructuring review which may impact its activity in future years, the January…
DetailsGaming operators are responsible for protecting and ensuring the safety of millions of paying customers. While online gaming can be fun and enjoyable, all too often it leads to addiction and debt. As the online gaming industry grows, so too does the social problems related to it. Sports betting is now one of the most…
DetailsFILE PHOTO: A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai Thomson Reuters MUMBAI (Reuters) – China Development Bank (CDB), the biggest foreign lender to India’s Reliance Communications Ltd (RCom) , on Friday withdrew a petition seeking to drag the indebted telecoms carrier into insolvency. A lawyer…
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