TORONTO Fears of Sears Canada retirees were realized Thursday when the insolvent retailer confirmed it will seek court approval next week to suspend their health, dental and life insurance benefits as well as special payments to the companys underfunded defined benefit pension plan, which has a deficit of almost $267 million. The company filed for…
DetailsA supercomputing research and development company once led by controversial Australian Bitcoin figure, Craig Wright, has been placed into liquidation. Cloudcroft Pty. Ltd., which had been branded as a specialist in the development and research of supercomputers and hyper density storage systems, was part of the DeMorgan group of companies of which Craig Wright was…
DetailsCouncil vice president Major Sombat Wongkamhaeng, who also chairs the Thai Bars committee on legal aid, said the name of the 59-year-old Pisit was struck from the list because he had been declared insolvent in 2004. After the registrar and Pisit are notified of the councils resolution, Pisit will no longer be able to present…
DetailsETERNAL FAME From Atomic Kitten to her own bingo site, we have all the details on Kerry’s career KERRY Katona has made headlines since her Atomic Kitten success for everything from bankruptcy to a turbulent love life. But how much is Kerry worth, and how did she make her fortune? Getty Images Kerry has been…
DetailsOWE DEAR Simone Milasas got herself out of £144,000 of debt but her tips have made some see red A SELF-STYLED money expert who got herself out of £144,000 of debt has been sharing her secret but people arent giving her wacky advice much credit. Simone Milasas, author of Getting Out Of Debt Joyfully, has…
DetailsIt’s been a year since the Rio Olympics, and while the party is long over, the bill is coming due. Rio Olympics organizers have asked the IOC for assistance in settling $40 million in debt with creditors, according to the Associated Press. The AP reports Brazilian Olympic Committee President Carlos Nuzman plans to meet IOC officials next…
DetailsAP Published 11:53 a.m. ET July 5, 2017 | Updated 8:12 p.m. ET July 5, 2017 CLOSE A federal prosecutor looking into last year’s Rio de Janeiro Olympics says that many of the venues ”are white elephants” that were built with ”no planning.” Time_Sports A general view of fireworks during the closing ceremonies for the…
DetailsAlmost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee (IOC) to satisfy creditors who are still owed about 130 million reals (US$40 million). Mario Andrada, a spokesman for the Rio organising committee, said Brazilian Olympic Committee President Carlos Nuzman will meet officials next week…
DetailsStrengthens Company-Side Restructuring and Interim Management Expertise Adds 19 Professionals, Including Five Senior Managing Directors WASHINGTON, July 06, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that it has acquired CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of the transaction were not…
DetailsStrengthens Company-Side Restructuring and Interim Management Expertise Adds 19 Professionals, Including Five Senior Managing Directors WASHINGTON, July 06, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that it has acquired CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of…
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