BLOOMINGTON State Farm plans to let some local employees go, but will continue to have the same number of workers in Bloomington-Normal while restructuring its information technology department over the next year. “Job reductions will begin by offering a severance payment to certain employees who voluntarily elect to leave the company. We are uncertain how…
DetailsUS President Donald Trump has told struggling Puerto Ricans to be very proud of the relatively low death toll, while suggesting its recovery after devastating Hurricane Maria has put his budget a little out of whack. One of the first people Mr Trump met when he and his wife, Melania, touched down in San Juan on Tuesday…
DetailsAPPLETON, Wis., Oct. 3, 2017 /PRNewswire/ — Appvion, Inc. (the “Company”) today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware of all of the first day motions related to its Chapter 11 filing. Collectively, the orders issued by the Bankruptcy Court will help ensure that the Company continues…
DetailsCanadian debt issuance climbed 12 per cent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc (AAPL.O), bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking. Debt deal volumes…
Details“We remain focused on operating our business as usual and serving our customers’ needs as we continue constructive discussions with our lenders on an expedited restructuring and emergence,” said Kevin Gilligan, Chief Executive Officer of Appvion. “The approval of our first day motions transitions us smoothly into our restructuring process, from which we expect to…
DetailsNEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded. A bench headed by Chief Justice Dipak Misra said this while hearing a…
DetailsBy Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…
DetailsCompanies Tuesday, October 3, 2017 9:32 By PHILIP MUYANGA A past meeting at one of PrideInn hotels in Mombasa. FILE PHOTO | KEVIN ODIT | NMG PrideInn Hotels and Investments Ltd has been put under liquidation for inability to pay a Sh69.3 million debt. High Court Judge Patrick Otieno allowed the winding up petition…
DetailsTuesday, October 03, 2017 Press release from the issuing company Discussions Continuing with Lenders on Plan for Expedited Restructuring and Emergence Appleton, Wis. – Appvion, Inc. (the Company) today announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy…
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