The extension of Adelaide’s O-Bahn guided busway has been blamed for the closure of a city hotel with the loss of 20 jobs. The Royal Hotel has shut its doors and the leaseholder has gone into voluntary administration after an 80 per cent drop in trade since the start of the nearby busway construction and…
DetailsContinuing its efforts to recalibrate its business to focus on core operations, AmericanInternational Group Inc.AIG has entered into a strategic agreement with FWD Group, the insurance arm of Pacific Century Group. Per the agreement, American International will sell its Japan life insurance business AIG Fuji Life Insurance Company, Ltd. (AFLI) to FWD Group. The timing…
DetailsPittsburgh deal with Rivers Casino ensures $10M in gambling tax revenue The Rivers Casino on Pittsburgh’s North Side, March 23, 2016.Photo by Justin Merriman | Tribune…
DetailsData from the Insolvency Service indicates a 2.2% increase in business insolvencies in the third quarter, following a decline in the previous quarter. An estimated 3,633 firms entered insolvency in the third quarter of 2016. More than 600 businesses were subject to compulsory liquidation over the period, up 3.5% on the previous quarter. There were…
DetailsOn the morning of Monday, August 13, 2012, Scott Stevens loaded a brown hunting bag into his Jeep Grand Cherokee, then went to the master bedroom, where he hugged Stacy, his wife of 23 years. I love you, he told her. Stacy thought that her husband was off to a job interview followed by an…
DetailsULFT, the Netherlands Dutch bike maker Multicycle has been declared bankrupt by the Court in Zutphen. The bankruptcy concerns Multicycle Inventures Group BV and the four subsidiaries of that holding company. It means that the 65 employees of Multicycle lose their jobs. Multicycle has been declared bankrupt. Photo Multicycle The law firm JPR lawyers in…
DetailsRestructuring within the Ruralco farm services company has eroded its 2015-16 after-tax profit to $4.2 million down from last financial years $14.1m. Although the rural agency and water services group posted strong results in its core traditional business, with rural supplies gross profits up 16 per cent to $118m and agency gross profits up 3pc…
DetailsSINGAPORE: The number of Singaporeans and permanent residents barring themselves from the nations two casinos has risen nearly 18 per cent from 12 months ago. As at Sept 30, 20,866 Singaporeans and PRs have requested casino exclusion orders for themselves, according to the National Council on Problem Gambling. A further 2,284 exclusion orders were requested…
DetailsWhen it comes to workplace fraud, it can be tempting to boil down the cause into simplistic statements, such as saying the fraudster was just greedy and dishonest. But of course things are generally not quite that simple, and just as plane crashes usually require at least two or three things to go wrong, in…
DetailsRestructuring within the Ruralco farm services company has eroded its 2015-16 after-tax profit to $4.2 million down from last financial years $14.1m. Although the rural agency and water services group posted strong results in its core traditional business, with rural supplies gross profits up 16 per cent to $118m and agency gross profits up 3pc…
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