Sinopacific Shipbuilding Groups Zhejiang Shipyard has held a ship launching and naming ceremony earlier this week, marking the yards slow return to business amidst its bankruptcy reorganisation. The Chinese shipbuilder hosted a naming ceremony for a $15m AHTS vessel named Rawabi 201 for Singapores Vallianz Holdings, and launched a PSV for Shanghai Salvage Companys subsidiary…
DetailsNick Evans and AAP – The West Australian on August 29, 2016, 9:48 am Embattled mining services group McAleese has gone into voluntary administration after failing to secure a lifeline from Hong Kong-based debt trader SC Lowy. Trading in the company’s shares was suspended this morning, with the collapse coming just hours ahead of a…
DetailsSPRINGFIELD, Mo. Imagine paying up to 450-percent interest, with no end in sight.A longtime Springfield church is stepping in to help those drowning in payday loan debt. Pastor Danny Chisholm at University Heights Baptist Church was giving a sermon on Jesus bringing good news to the poor. Then he says a light came on in…
DetailsCHENNAI: Telecom major Reliance Communications (RCom), struggling under a monumental debt burden of Rs 42,650 crore is planning to pare it by as much as 75 per cent over the next year. A large part of the debt reduction will be helped along once the ongoing merger of the company with MTS and Aircel are…
DetailsNASHVILLE, Tenn., Sept. 27, 2016 (GLOBE NEWSWIRE) — Corrections Corporation of America (NYSE:CXW) (the Company or CCA), America’s largest owner of partnership correctional, detention, and reentry facilities, today announced a restructuring of the Company’s corporate operations and implementation of a cost reduction plan. CCA expects that 50 to 55 full time positions will be eliminated…
DetailsYes, there’s such a thing as phantom debt collectors. And, yes, you can get contacted about a payday loan debt you simply don’t owe. Just ask intrepid consumer reporter Bob Sullivan, who received his very own debt collection note after simply reaching out to a payday loan company (and alleged phantom debt collector) for a story.…
DetailsWithin the first thirty minutes of the first Presidential debate, Republican nominee Donald Trump appeared to refer to the now-bankrupt solar company Solyndra, without naming the firm, as an example of the U.S. governments failed energy policies. Trump referred to a solar company that the U.S. had invested in and in true Trump-style called it…
DetailsWolseley is to spend £100m on slashing 800 jobs and closing 80 branches in the UK. The worlds largest supplier of plumbing and heating products outlined the cutbacks as part of a review of its British operation, which has been hit by tough competition and tepid demand in the property repair, maintenance and improvement market.…
DetailsOn Tuesday Justice Lindsay Foster put on hold Lowe’s application for a court-ordered winding up until the parties go to arbitration. Wayne Taylor Woolworths’ $1.5 million Masters exit plan is back on track after the Federal Court ordered the company and its US joint venture partner, Lowe’s, to arbitrate their fallout behind closed doors. On Tuesday, Justice Lindsay Foster…
DetailsI earn Dh10,000 a month but have outstanding debts of Dh40,000 on my three credit cards. I want to pay them off as soon as possible. I am living hand-to-mouth and the credit card payments are not allowing me to save. I built up the debt because of some random shopping I did for myself…
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