by: Lisa Pemberton, The News Tribune Updated: Aug 30, 2017 – 1:50 PM For families who dont qualify for the free or reduced lunch program, the cost of school lunches can be a struggle. But theres an effort to wipe away lunch debt in many of the states schools. Related Headlines As of Wednesday morning,…
DetailsMUMBAI: The government may be forced to put its state-run bank consolidation push on the back burner since at least a dozen of them are staring at a big hole in the balance sheet this fiscal year after RBI told them to get cracking on resolving as many as 50 bad loan accounts or initiate…
DetailsA WOMAN found the job of trying to pay Kleenmaid’s creditors “so stressful she only lasted six weeks”, a prosecutor has told jurors. Barrister Stephen Keim said Andrew Eric Young, accused of dishonestly getting a $13 million loan, was an “important” part of Kleenmaid businesses when the relevant firms were in dire straits. Mr Keim…
DetailsEvolva will cut its workforce by 43% and spin off its Indian R&D laboratory in an attempt to make cost savings and become “a product-based company”. The Swiss biotech firm announced today it would axe 78 full time jobs from its 178-strong workforce. It did not reveal which departments or geographies would be affected but said…
DetailsRelated Story: ACCC takes training company to court over alleged misleading conduct Defunct company Get Qualified Australia has been ordered to pay $8 million after it was found to have contravened Australian Consumer Law through misleading and unconscionable conduct. The Federal Court issued the penalty one of the highest ever awarded…
DetailsFinancial services group IFG recorded an operating loss of £100,000 during the first half of 2017, down significantly from a profit of £4 million over the same period a year previous. Shares in the company slumped more than 7 per cent last month after the group issued a profit warning. It said profits would be…
DetailsBy Andy Mukherjee If the very first resolution of corporate debt distress by India’s national company law tribunal is any indication, lenders should probably just write off their bad loans. With a recovery rate of 6 percent, why even jostle to get on creditor committees or pay fat legal bills? That’s the uncharitable conclusion to…
DetailsMOQ Limited (ASX:MOQ) spent more than $1 million on integration and restructuring costs during the financial year ending June, following its acquisitions of Tetran Group and Skoolbag last year. In May last year, the publicly-listed integrator completed its acquisition of managed cloud services and professional services IT company, Tetran Group, in a bid to bolster…
DetailsIt started with the shock resignation of WA Greens senator Scott Ludlam in July. A surprise New Zealand citizenship – a legacy from his childhood – had rendered him invalidly elected under Section 44 of the Constitution. In the weeks that followed, foreign-born and second-generation MPs and senators from across the political spectrum poured through…
DetailsREINACH, Switzerland–(BUSINESS WIRE)–Evolva (SIX: EVE), which develops and commercializes next-generation specialty ingredients for health, wellness and nutrition markets, details the next phase of its corporate evolution. Evolva announced in its half year results further details of its future intended strategic direction to aggressively grow product revenues and accelerate the path to a cash flow break-even…
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