Marcs, David Lawrence in voluntary administration High-profile Australian fashion labels Marcs and David Lawrence have collapsed under debts of close to $30 million, including close to $3 million in worker entitlements and a $700,000 debt to the tax office. The appointment of voluntary administrators to two of the country’s best-known fashion brands leaves close to 1200 workers facing the the loss…
DetailsShutterstock photo (Adds Cemig securities filing on 9th paragraph) By Guillermo Parra-BernalSAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan,…
DetailsJames was speaking in Dallas after the Cavaliers loss to the Mavericks Monday LeBron’s outburst came after Barkley blasted him as ‘whiny’ on TV last week ‘He’s a hater… What makes what he says credible? Because he’s on TV?’ he said The superstar then went on to list a number of Barkley’s biggest controversies ‘I’m…
DetailsBUNDABERG residents continue to struggle to pay off their debts as new figures reveal the number of locals falling into financial despair. The number of people who became insolvent between October and December last year dropped to 42, down from 44 in the September quarter. The Australian Financial Security Authority data shows the total number…
DetailsImage: Getty Images By Jacob Lauing2017-02-01 01:58:03 UTC TNT analyst Charles Barkley has a history of belittling LeBron James, and it seems King James has finally had enough. The Cleveland Cavaliers superstar absolutely ripped Barkley after a loss on Monday night, just days after Barkley criticized James for complaining about his team’s lack of roster…
DetailsA Parliamentary report into the lure of Fixed Odds Betting Terminals the so-called crack cocaine of gambling has backed calls for a £2 maximum stake on the machines. But it has immediately run into trouble with bookmakers trade body who has alleged that MPs were swayed in their conclusions by funding for the report from…
Details(Adds share performance in paragraph 6) By Guillermo Parra-Bernal SAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais opposes the sale of the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan, a person with direct knowledge…
DetailsThe scale of Prime Minister Malcolm Turnbull’s personal donation to the troubled Liberal Party election campaign will be kept secret for another year. While reports have suggested Mr Turnbull donated as much as $2 million to to his party’s re-election fight a claim the Prime Minister has never denied there is no trace of the contribution…
DetailsAetna reported a $215 million after-tax cost for restructuring in a filing with the Securities and Exchange Commission Tuesday. The same filing said that Aetna’s full-year profits fell 5 percent compared to 2015. The press release said the drop was “primarily due” to the cost of a voluntary early retirement incentive and costs related to…
DetailsHistorically, personal loans have not been a big draw for brokers. Theyve often been viewed as short-lived small fry, and something easy enough for consumers to take charge of themselves. But are brokers missing out? Annie Kane takes a look at what the personal loan space could offer the third-party channel. If someone came to…
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