Vocus-owned telecommunications provider Primus Telecoms is owed $51,000 by failed retailer Payless Shoes, which is being liquidated with the loss of up to 730 jobs. Phone and data provider Primus is not the only tech company facing a haircut from the insolvency human resources software vendor HR3 is owed $29,000, solution provider Fusion5 Business Solutions…
DetailsBy Associated Press Published: 04:35 +11:00, 15 December 2016 | Updated: 04:35 +11:00, 15 December 2016 e-mail ATHENS, Greece (AP) European creditors have pulled a recently announced debt relief package for Greece in protest at subsequent budget spending measures by Athens. Greek stocks fell sharply Wednesday and the government’s borrowing rates jumped higher as investors…
DetailsA CLUB with about 1,000 members has sent shockwaves through a Hampshire community by closing its doors after more than 60 years. The Waterside Sports and Social Club, originally set up for staff at Fawley refinery in the early 1950s, has folded following the failure of a financial rescue plan. Based in an old cinema…
DetailsDec 14 Ukraine’s largest lender, Privatbank, said on Wednesday that reports it will be nationalised were attempts to create panic and destabilise the political situation in the country. Local media has speculated that Privatbank, which is part-owned by billionaire Ihor Kolomoisky, could be privatised if it does not meet a year-end deadline for Ukraine banks…
DetailsATHENS, Greece (AP) Greek shares have fallen sharply while the interest rates charged on Greek bonds jumped higher after the country’s European creditors pulled a debt relief package announced only last week in protest at subsequent budget measures by Athens. … Read the full article at: http://www.heraldcourier.com/workittricities/business_wire/greek-shares-tank-as-eurozone-suspends-debt-relief/article_4eee7508-66e7-575b-bdd3-7c594b1ef421.html
DetailsBy Reuters Published: 03:20 +11:00, 15 December 2016 | Updated: 03:20 +11:00, 15 December 2016 e-mail KIEV, Dec 14 (Reuters) – Ukraine’s largest lender, Privatbank, said on Wednesday that reports it will be nationalised were attempts to create panic and destabilise the political situation in the country. Local media has speculated that Privatbank, which is…
DetailsASIC today published its annual overview of corporate insolvencies based on statutory reports lodged by external administrators for the 201516 financial year. Report 507 Insolvency statistics: External administrators reports (July 2015 to June 2016) is ASICs eighth report and provides information on the nature of corporate insolvencies, supplementing the monthly statistics that ASIC publishes on…
DetailsHaving unexpectedly found itself handing off the baton to a Republican administration in January, the U.S. Department of Education is racing to finish a slate of Obama administration priorities. But few of the department’s remaining tasks are as daunting as processing thousands of debt-relief claims filed by former students of closed for-profit colleges. Since the…
DetailsA CLUB with about 1,000 members has sent shockwaves through a Hampshire community by closing its doors after more than 60 years. The Waterside Sports and Social Club, originally set up for staff at Fawley refinery in the early 1950s, has folded following the failure of a financial rescue plan. Based in an old cinema…
DetailsHe had called himself Frank Divido. It was under that name prosecutors said Frank John Fischetti, 54, befriended a printing shop owner and began to fabricate an image of wealth and business acumen, at one stage helped by a fake contract for a $3.19 million boat he scanned there. The shop owner went on to transfer $195,000 in four transactions…
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