Toys R Us Canada wants to continue to pay its foreign suppliers, while leaving its North American suppliers to collect whatever money is left at the end of the insolvency process, according to documents filed Tuesday in Ontario Superior Court. The move would ensure the Canadian subsidiary of the global toy retailer which applied for…
DetailsRosie Baker, editor of Paint and Panel sister publication AdNews, looks into the current restructuring taking place within IAG. IAG is restructuring its marketing department to allow for a new brand strategy across the business. As a result, Jane Merrick, general manager of marketing at IAG, has exited the insurance firm after eight years. CMO…
DetailsBanks are likely to reject bankruptcy-facing Essar Steel‘s demand for Rs 1,000 crore of working capital loans as the lenders are easing the other monetary restrictions they imposed on the company to safeguard their interests, said two people familiar with the developments. Banks have decided to do away with the so called Rs tagging’ of…
DetailsPRESS RELEASE REGULATED INFORMATIONChanges in significant shareholdings and notification of transactions in shares by persons discharging managerial responsibility (“PDMRs”) Cambridge (UK) 20 September 2017: Global Graphics PLC (Euronext:GLOG) discloses notification of changes in major shareholdings in the Company’s shares and a notification and public disclosure of transactions by persons discharging managerial responsibilities and…
Details“Tegel is a prime example of how Berlin’s future is being gambled away,” said Sebastian Czaja, a local politician who forced the non-binding referendum with a petition drive that collected 250,000 signatures. “Let’s keep the one thing that’s working in this city.” Czaja’s Free Democrat party has made the preservation of Tegel a key issue…
DetailsA PROMINENT Proserpine woman concealed more than $58,000 after being served with a bankruptcy notice. Kim Moira Britton, 59, was served with the notice on March 12, 2014 following an unpaid family court judgment compelling her to pay $45,000. Britton made an application for funds to be withdrawn from her superannuation account on March 17…
DetailsA former Tulsa banking executive siphoned nearly $200,000 from his employer to pay off gambling debts, federal prosecutors charged Tuesday. Blake Brian Ferguson, 36, was named in a four-count criminal information that alleges Ferguson paid his gambling debts by committing a variety of fraudulent activities while employed at Firstar Bank N.A., where his title was…
DetailsDefence barrister Phillip Boulten, SC, held up his hand and clicked his fingers. “Everything happened just like that. It was very quick, it was a charged atmosphere.” Mr Boulten was describing the moment Qian Liu wounded her husband with a knife during an argument at their Riverwood granny flat in January 2016. Ms Liu is…
DetailsThe NSW Police Force is restructuring its IT division and will shortly amalgamate the roles of its two technology leaders. The restructure is happening alongside a wider overhaul of NSW Police’s executive structure that began in August 2016, and pre-empts a once-in-a-generation re-engineering that is aimed at future-proofing what is Australias largest police force. A spokesperson told…
Details99 Cents Only Stores has hired Guggenheim Partners to help restructure its $1 billion in debt, according to two people with knowledge of the matter, becoming the latest retail chain seeking assistance with a borrowing wall. The deep-discount retailer, which was taken private by Ares Management and Canada Pension Plan Investment Board in 2011, also…
Details