For breaking news get our mobile app for free from the Apple app store or the Google Play store. OAKLAND A man allegedly linked to several California bank robberies was hit with three new federal charges this week, court records show. Clayton Quiz Smith, 44, faces 25 years in federal prison for a charge of<br…
DetailsAequitas Capital managed private loans for Corinthian College students OLYMPIA Attorney General Bob Ferguson announced today that Lake Oswego, Ore.-based Aequitas Capital Management must provide nearly 2,000 Washington student loan borrowers more than $7 million in debt relief. A motion was filed in federal court today that, when approved, will allow Ferguson to file an…
DetailsThe festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…
DetailsThe student loan debt crisis has become one of the big moral and political quandaries of our age. 44 million Americans owe over $1.4 trillion in total debt, which is almost double that of total U.S. credit card debt. Even worse, those in debt are young, productive Americans who have to deal with this burden…
DetailsThe festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…
DetailsDECEIT: Steve Josifovski thought he could trust his old school friend Lemuel Page, but eventually became just another of the con man’s many victims. Inset: Page and his then wife Fiona at a Josifovski family function in happier times. EVEN now, years later, Steve Josifovski doesnt want to believe he was ripped off. After all,…
DetailsThis summer has been a DIY disaster for the UKs two biggest home improvement chains with both reporting falling sales as they struggle with wet weather and disruption from major restructuring plans. Kingfisher, Europes largest home improvement retailer, reported a 4.7% fall in sales at its established B&Q stores in the three months to the…
DetailsA person who has to receive a payment from an insolvent company can now seek the claim under the insolvency law as the revised regulations have enabled owners of undelivered flats to get relief. Till now, only financial and operational creditors were permitted to seek claims under the Insolvency and Bankruptcy Code (IBC). The revised…
DetailsVandana Ramnani Moneycontrol News With the Real Estate (Regulation and Development) Act 2016 (RERA) tightening the noose around the developer community, some of them may have found liquidation proceedings or the bankruptcy law as an avenue to escape the ambit of the state regulator, say legal experts. Insolvency cases are likely to go up going…
DetailsMultinational telecom operator Ericsson which carries 40% of the worlds mobile traffic on its networks and is Swedens second largest company by revenue reported another disappointing quarter last month. As response, the troubled companys new CEO Börje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake.…
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