GERMANY: Partly crowd-funded open access operator Locomore announced on August 2 that insolvency proceedings had opened the previous day. The company said it was still trying to find a positive solution to its problems, but train services would remain suspended until further notice. Locomore launched a daily return service between Berlin and Stuttgart in December 2016…
DetailsA forensic audit of Videocon Industries’ accounts has been ordered by a consortium of lenders led by the State Bank of India (SBI) to ascertain if the company stumbled due to tough business conditions or financial mismanagement, the Economic Times reported on Friday while citing two sources. Professional services company KPMG will be…
DetailsA GAMBLING addict who bludgeoned his only real friend to death then desecrated his body in the most horrific way has been jailed for at least 22 years over his disturbing crimes. Having racked up a $20,000 debt, David John Napier decided he could solve his money woes by killing his friend Richard Andrews and…
DetailsFILE PHOTO: People walk past a Royal Bank of Scotland office in London Thomson Reuters LONDON (Reuters) – Royal Bank of Scotland on Friday said it posted a profit in the first half of 2017 following a 2 billion pound ($2.65 billion) loss in the same period last year amid hefty restructuring and legal costs.…
DetailsMoneycontrol News A consortium of lenders led by State Bank of India has ordered a forensic audit of Videocon Industries‘ account to investigate whether the company stumbled because of tough business conditions or financial mismanagement. The measure is a precursor to the debt restructuring process, which has now become inevitable for Videocon after the company…
DetailsMike Pavitt Businesses in the South East of England are now at greater risk of insolvency than at the start of 2017, new research has claimed. Figures for July 2017, published by the Southern branch of restructuring and insolvency trade body R3, show that almost one in three businesses in the region are now at…
DetailsBy Julie Verhage August 2, 2017, 7:00 AM EDT August 3, 2017, 9:04 PM EDT Unicorns arent real, and neither are the valuations ascribed to many of the startups that say theyre worth $1 billion or more. About half of private companies with valuations exceeding $1 billion, known as unicorns, wouldnt have earned the mythical…
DetailsFRISCO, TX–(Marketwired – Aug 3, 2017) – With several years of experience assisting customers with debt resolution issues, United Debt Counselors, or UDC, has become a trusted leader in the debt settlement industry. Thanks to strict standards for transparency, UDC goes above and beyond to ensure that every customer understands the services they will receive, the…
DetailsBILL Power is the principal of Powers Transport, an operation run out of the Powers family home town of Kilkivan, about 200km north and slightly west of Brisbane. Back in the day, the Power’s operation was built around a White Road Boss and, in the late 1970s, many considered the Road Boss to be the…
DetailsThe US clothing brand Gap is closing in Australia. The luxury brand retailer OrotonGroup, which has the Gap franchise in Australia, says it will discontinue the business locally, with the six stores closing by the end of January 2018. A short time go, its shares fell 4.7% to $1.00. OrotonGroup, hit by weak retail demand,…
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