The fall out continues after the shock announcement by Western Downs based construction company Ostwald Brothers that they have been placed into Voluntary Administration. After the announcement was made yesterday, all staff were stood down for 48 hours while the administrators, Price Waterhouse Coopers who have been called in to take over the running of…
DetailsWill Air Berlin and its A320s like this one, land a deal with low cost megabrand Ryanair? As it looks to a new future after disastrous investments in Euro basket case airlines Air Berlin and Alitalia, UAE carrier Etihad signaled normalcy in its ambitions this week by doing a new code sharing deal with Aerolineas…
DetailsHe was formally discharged from bankruptcy at a sitting of the High Court. Both Mr O’Donnell and his wife Mary Patricia formally of Gorse Hill, Vico Road, Killiney Co Dublin, but now living in the UK were adjudicated bankrupt by the High Court in August of 2013. That finding was confirmed by the Supreme Court…
Details229 reading now Share your journey, news tips, interesting pictures, video and comments with other Melbourne Express readers via email or on twitter: @ebonybowden. A Reservoir schoolgirl has fought off a man who tried to assault her as she walked to school (6.02am post). A motorcyclist has died after they collided with a parked truck in Yarraville this morning…
DetailsPublicly listed Australian distributor Dicker Data will restructure its New Zealand business to cope with the loss of major vendor Cisco across the Tasman, while also “aggressively looking to fill the revenue void”. The distributor has posted revenue of $632.5 million for the six months to 30 June 2017, a rise of 7.1 percent. Dicker’s…
DetailsTHERE will be deep concerns in many communities after news yesterday that Darling Downs civil construction company Ostwald Bros has had to call in administrators PriceWaterhouseCoopers. The decision to go into voluntary administration has put nearly 500 jobs at risk. Over the past 27 years the family-owned and operated company has been a major employer…
DetailsCAMBRIDGE, Mass.–(BUSINESS WIRE)–InVivo Therapeutics Holdings Corp. (NVIV) today announced that it is executing a strategic restructuring in order to focus on The INSPIRE Study: InVivo Study of Probable Benefit of the Neuro-Spinal Scaffold for Safety and Neurologic Recovery in Subjects with Complete Thoracic AIS A Spinal Cord Injury. The strategic restructuring will allow the company…
DetailsMUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers writedowns in the profit and loss (P&L) accounts of companies, resulting in likely book…
DetailsThe High Court of Karnataka has ordered issue of notice to the Union Law Ministry on a petition that has questioned the Constitutional validity of 77 sections of the newly enacted Bankruptcy and Insolvency Code, 2016. Justice A.S. Bopanna passed the order on the petition filed by Lotus Shopping Centres Pvt. Ltd., Mangluru. The petitioner…
DetailsSAN FRANCISCO, Aug. 28, 2017 /PRNewswire/ — Today SoFi announced its members have cumulatively paid off over $5 billion dollars in credit card debt using SoFi Personal Loans, getting them out of debt faster and at lower interest rates. Members who used SoFi Personal Loans to pay off credit cards reduced their effective interest rate by…
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