Fripur plant. (Photo: Fripur) Fripurs ex-employees request nullity of insolvency proceedings URUGUAY Monday, November 14, 2016, 23:50 (GMT + 9) Fishing firm Fripurs former workers presented a note at a Creditors Meeting Court in which they claim the…
DetailsVerso Corp., which operates a mill in Jay, is consolidating its administrative offices and restructuring the paper company into two divisions as it continues to seek ways to trim costs. The company intends to consolidate its corporate offices in Miamisburg, Ohio, the site of its former rival NewPages headquarters, early in 2017. Verso acquired NewPage…
DetailsUpdated Nov. 14, 2016 11:52 a.m. ET American Apparel LLC is headed to the bankruptcy auction block next month with a deal that means a new home for its brands and hope for its Los Angeles-based manufacturing and distribution operations, but a big question mark for the fate of the retailers 110 stores. A beleaguered…
DetailsThe boutique mergers-and-acquisitions shop Perella Weinberg Partners is buying Tudor, Pickering, Holt & Co. (TPH), a small energy-focused investment bank. TPHs energy practice will continue to operate under its name, while the combined entity will take on Perellas name. We recognise the preeminent role that TPH has built as an energy banker in North America,…
DetailsAmaya Inc.s founder, who took an indefinite leave this year amid a Quebec insider trading probe, has made a cash offer to take the Canadian owner of the PokerStars online gambling service private in a deal valued at about $6.7 billion, including debt. David Baazov said in a U.S. exchange filing Monday that he and his…
DetailsWhat’s a company to do when its EUR788m mountain of cash on hand has grown to nearly a quarter of its total market cap? Well, the standby option is normally a big dividend or a big acquisition. Management at gambling software provider Playtech (LSE: PTEC) has broken the mould and opted for both. ///> Playtech…
DetailsBy Renee Maltezou ATHENS, Nov 14 (Reuters) – Greece hopes that a visit by U.S. President Barack Obama that begins on Tuesday will increase pressure on its creditors to grant debt relief to an economy shattered by years of recession. The United States and the International Monetary Fund have urged a restructuring of Greece’s crippling…
DetailsLONDON–Lonmin PLC (LMI.LN) Monday narrowed its fiscal-year net loss after restructuring its mines to offset weak prices of platinum group metals and said it’s now ready to pounce on new growth opportunities. The U.K.-listed miner, one of the world’s largest primary platinum producers, reported a net loss of $342 million for the year ended September,…
DetailsMORE people across Widnes and Runcorn struggling with unmanageable debts are turning to Citizens Advice Halton after the charity helped more than 1,000 people with problems over the past year. The charity has revealed that it has helped 1,362 people with debt issues in the last 12 months. Of those, 62 people sought advice on…
DetailsDebt: $120,000+ Source: Student Loans Estimated Years Until Debt-free: Unknown I graduated from grad school in 2008, the year of the global financial crisis. Known for punctuality, Sallie Mae, congratulated me on my graduation and recent engagement with a letter informing me that my monthly payment of nearly $900 would be due just in time…
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