THERES been a bit of good news around Boolaroo lately. In August, $2.2 million in federal funding was announced for a 700-metre extension of Munibung Road to link the suburb with Cardiff. Just a few days ago, the NSW Court of Appeal found in favour of Bunderra Holdings, the developer of a residential estate on…
DetailsThe federal government has tabled a bill to amend Australia’s bankruptcy laws that could see the mandated bankruptcy period cut by two years. The bill, which was tabled for hearing in the senate last week, would see bankrupt individuals discharged from bankruptcy after a one-year period, rather than three years. Individuals would no longer be…
DetailsSCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) reported record net sales of $1,089.1 million for the third quarter ended September 30, 2017, a 9.9% increase from $991.0 million in the third quarter of 2016. Acquired net sales contributed a total of 5.3% in the quarter. Organic net sales grew 4.4% (organic net sales are defined as…
DetailsThe Financial Conduct Authority is considering whether it can take action against Royal Bank of Scotland over the way it treated its small business customers in the five years after the 2008 banking crisis. Publishing a summary of a report it commissioned on the banks controversial global restructuring group (GRG), the FCA said lending to…
DetailsThe Government today confirmed Stoke-on-Trent teachers will benefit from a pilot scheme to pay off part of their student debts. It will initially target teachers specialising in science or modern foreign languages to help ease recruitment and retention problems. The full details have yet to be released, but eligible teachers will be reimbursed for at…
DetailsKolkata, October 24: A public announcement inviting claims against Nicco Corporation Ltd, whose liquidation has been ordered by the National Company Law Tribunal (NCLT), has been released. According to Vinod Kothari, the liquidator appointed for Nicco, this will help determine the amount payable by the company. Defaults on loans Nicco, a specialised cable-maker, defaulted on…
DetailsPKBR Staff Writer Published 24 October 2017 West African glass producer Frigoglass has completed the restructuring process of the group. The restructuring process has allowed the company to reduce its outstanding gross indebtedness by around 138m. Frigoglass also secured 70m of additional liquidity to fulfill its business requirements, as well as restructuring-related expenses. According to…
DetailsCanadians enter the workforce with an average of nearly $27,000 in student loan debt, finds a survey by Consortium, C.U. The debt typically takes 10 years to repay, which means many delay saving for traditional life goals like home ownership, starting a family or retirement. Great-West Life is piloting a voluntary retirement and savings program with select…
DetailsThe owner of an electrical contractor that has ceased trading after more than three decades admits it is a sad day. Steve Marshalls Netherfield-based company SJ Marshall Electrical Limited has entered voluntary liquidation, with all 34 staff made redundant yesterday (Monday, October 23). The firm had worked with national retailers and pub companies, as well…
DetailsBillionaire Sears Holdings (SHLD.O) Chairman Eddie Lampert is wading into the blame game over Sears Canadas demise. In a lengthy blog post, Lampert, who owned a large stake of the firm through ESL Holdings, said company management sowed the seeds of the retailers slide into insolvency by undertaking an ill-fated strategy when former Executive Chairman…
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