For the past year, Hewlett Packard Enterprise Co. (HPE) has undergone a wide-scale transformation under CEO Meg Whitman. After its split from PC and printing giant HP Inc. (HPQ) last year, HPE has spun off two major business units, refocusing on key operations such as computer hardware and investing in new growth opportunities. A Year…
Details* CA Sri Lanka, BRIPASL and Registrar of Companies focuses on how to restructure and revive companies Sat, Nov 26, 2016, 07:30 am SL Time, ColomboPage News Desk, Sri Lanka. Nov 26, Colombo: The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), together with the Business Recovery and Insolvency Practitioners Association of Sri…
DetailsThe Federal Government has reached an in-principle agreement with state and territory ministers to establish a National Consumer Protection Framework for online gambling. Online gambling is a booming industry with an estimated 800,000 wagering accounts across Australia. Federal Human Services Minister Alan Tudge told the ABC the instances of problem gambling are three times…
DetailsUnscrupulous payday loan companies are pushing debt onto homeless teenagers including those with learning difficulties, and hounding them for repayment, a charity has warned. A 19-year-old with learning difficulties was among those bombarded with aggressive text messages demanding he pay up, the youth homelessness charity Centrepoint said. Despite Centrepoint staff estimating that the Bradford teenager had…
DetailsGreece’s battered banks are being asked to swap about 33 billion ($47 billion) in floating-rate bonds for 30-year, fixed-rate securities under a euro-area plan to shield Athens from future interest rate increases, three people with knowledge of the matter said. The swap is part of a package of debt-relief proposals for Greece to be presented…
DetailsSEOUL, Nov. 25 (Yonhap) — South Korea’s top economic policymaker said Friday that the government will continue its push to restructure ailing sectors such as shipbuilding and shipping in order to help Asia’s fourth-largest economy take another leap in the future. “The government has been implementing corporate restructuring schemes as they are not an undeniable…
DetailsThe government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. Corporate restructuring is a difficult process that takes a long time. We can reach…
DetailsHundreds of people in a former steel town in north-east England have been revealed to be directors of a range of pornography, dating, diet and travel websites. An investigation by the Reuters news agency found that at least 429 residents of Consett, County Durham, had been or still were being paid to serve as directors…
DetailsROCKWELL Diamonds has suspended operations at its Wouterspan plant in South Africas Northern Cape following a contract dispute with a mining contractor that has subsequently applied for the liquidation of Rockwell subsidiary companies. The mining contractor C-Rock Mining (CML) has also filed for a spoliation order which, if granted by the court, sees certain equipment…
DetailsREX Shutterstock Guess whos finally in the clear? Yep, Tyga has paid off over $100,000 worth of jewelry debt, according to a Nov. 25 report. So did his girlfriend Kylie Jenner help out by giving Tyga some of the cash? Kylie Jenner, 19, has been bailing out Tyga, 26, for ages but not this time! Tyga is…
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