Economy Wednesday, October 11, 2017 9:24 By CAROLINE LICHUMA Businessman and presidential candidate Cyrus Jirongo. FILE PHOTO | NMG Insolvency law largely puts politician at the mercy of a trustee with respect to which property will be repossessed for the purposes of paying his debts. Reports that the High Court has declared former Lugari…
Detailsdrainspotting The Holyrood boxing gym owner, 46, was hit by Scottish Water for the clubs tab T2 Trainspotting star Bradley Welsh has been declared bankrupt over a four-figure water bill. The Holyrood boxing gym owner, 46, was hit by Scottish Water for the clubs tab. Michael Schofield – The Sun Glasgow Welsh is bankrupt over…
DetailsImage copyright Getty Images BAE Systems is planning to cut almost 2,000 jobs in military, maritime and intelligence services, the firm says. A total of 750 posts will go at the Warton and Samlesbury plants in Lancashire where parts for the Eurofighter Typhoon are manufactured. BAE is facing an order gap for the Typhoon so…
DetailsTime Inc is in talks with digital media companies to publish print versions of their content, even as the US publisher cuts back its own magazines circulation. The owner of Time, People and Sports Illustrated is in the midst of a company-wide restructuring as it seeks to return to growth following its decision earlier this…
DetailsCHICAGO, Oct. 10, 2017 /PRNewswire/ — McDonald Hopkins LLC, a business advisory and advocacy law firm, has announced that David A. Agay has been named the new Managing Member of the Chicago office. Agay is an accomplished corporate restructuring attorney who previously served as the office’s assistant managing member. He succeeds Richard N. Kessler, who…
DetailsPrivate contractors will answer calls from Centrelink’s welfare recipients after the Department of Human Services outsourced call centre work to multinational services company Serco. In an unprecedented move for the welfare agency, 250 of the company’s Australian subsidiary staff in Melbourne will take calls about payments in a three-year pilot program costing the government $51.7…
DetailsVictorians struggling to pay gas and electricity bills will be entitled to more help to prevent debt and disconnection under new rules for energy retailers. Flexible payment options, lower tariffs and a six-month debt payment “hold” for people who have missed paying their energy bills are part of changes announced by the Essential Services Commission…
DetailsRachel Chitra | TNN | Oct 11, 2017, 04:00 IST Chennai: VA TECH WABAG, a water treatment solutions company, has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) after insolvency proceedings were initiated against it at the National Company Law Tribunal (NCLT), Chennai bench, by Consolidated Construction Consortium (CCCL). The company clarified…
DetailsLeshi Internet Information & Technology Corp., the listed arm of embattled tech giant LeEco, extended its share-trading halt after a six-month suspension, citing uncertainties in a restructuring plan. Shenzhen-listed Leshi said in a filing Monday that trading of its stock would remain suspended after Oct. 17 because of significant and unprecedented issues related to the…
DetailsSears Canada Inc. will seek court approval to liquidate its remaining stores on Friday with the loss of about 12,000 jobs after it failed to receive a viable bid for the company. The Toronto-based retailer expects to begin liquidation sales on Oct. 19 at the earliest, according to a statement Tuesday. Sears Canada said it…
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