OTTAWA Nearly one in five first-time homebuyers received help with a down payment from a family member, according to a survey conducted by the federal housing agency released Tuesday. Canada Mortgage and Housing Corp. said 18 per cent of first-time buyers polled said they received a gift from a family member as part of their…
DetailsWhen the Centre constituted the insolvency and bankruptcy board, the intention was timely restructuring of a companys finances. Six months since the initial cases were filed, some corporates have willingly chosen the code, while others have resisted the proceedings. The Insolvency and Bankruptcy Board of India (IBBI) chairman M S Sahoo,…
DetailsSALEM, Oregon State Sen. Mark Hass (D-Beaverton) is proposing restructuring business taxes in Oregon. The co-chairman of the Joint Committee on Tax Reform is proposing that the corporate income tax be changed to a gross receipts tax on income of $5 million or higher. Its estimated that change will bring in an additional $300 million.…
DetailsIts believed the Palermo prosecutors office has opened a preliminary investigation which could lead to the club being declared bankrupt. The Rosanero ended the Serie A season in chaos, with President Maurizio Zamparini stepping down and sporting director Nicola Salerno resigning. Paul Baccaglini took over as President, but the ale of the club to a…
DetailsGroup pre-tax profit slipped from 2.2m to £1.6m in the year to March after also booking £4m costs associated with restructuring the business in line with the strategic growth plan and the closure of certain Polish operations. Strong growth in last years order book was converted into a 14% revenue rise to £152m. However, margins slipped chiefly as a…
DetailsCorporate Tuesday, June 6, 2017 11:04 By MUGAMBI MUTEGI National Treasury secretary Henry Rotich. The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into equity. FILE PHOTO | NMG The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into…
DetailsWOODBRIDGE, N.J., June 05, 2017 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced fourth liquidation dividend of $980,000, or $0.09 per share, to…
DetailsJessie Javier Carlos MARIANNE BERMUDEZ BATANGAS CITYJessie Javier Carlos, the gunman in Fridays attack on Resorts World Manila, was so deep in debt and desperate for cash that he had to sell off anything of value he owned, including the assault rifle he used to shoot up walls and TV screens in the hotel-casino complex.…
DetailsNEW YORK, United States Millard “Mickey” Drexler is to step down as CEO of J.Crew after 14 years, BoF has learned. Drexler, who owns 10 percent of the company, will stay on as chairman, and will be succeeded as CEO by Jim Brett, who was most recently president of home furnishings company West Elm. This is…
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