Two film investment companies which Ive exposed now face being shut down. The High Court heard this week how Spice Factory Limited and Gummy Bear Films Limited raised around £3million from members of the public for an animated film, supposedly featuring the voice of John Travolta. They were promised a 125% return as soon as…
DetailsSK Capital has rejigged the senior teams at opiate API maker Noramco and raw material supplier Tasmanian Alkaloids just weeks after buying the firms from Johnson & Johnson (J&J). The US private investment announced the changes today, explaining that Matthew Martin, previously the General Manager of both businesses, has been appointed as Noramco CEO. SK…
DetailsLAS VEGAS, July 21, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (OTCQB:DTII) (The Company), a developer of security technologies, announces debt restructuring and consolidation in preparations to move towards production. On July 18, 2016, the Company closed agreements to buy-out and restructure two convertible note holders (EMA and Crown Bridge) holding an aggregate of $130,000…
DetailsJuly 21, 2016 – by Monica Watrous General Mills has made a tentative decision to shutter its soup facility in Vineland, N.J. MINNEAPOLIS General Mills, Inc. has announced restructuring plans affecting operations in the United States, Brazil and China. The Minneapolis-based company said it has made a tentative decision to shutter a soup facility in…
DetailsNick Learned, Townsquare Media Employees of the Laramie Hastings will likely find themselves out of work as all Hastings Entertainment stores are set to be liquidated and closed. The company filed for Chapter 11 bankruptcy protection five weeks ago. Wednesday, a joint venture of Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC purchased Hastings Entertainment…
DetailsThe number of Australians becoming bankrupt or insolvent has jumped for the first time since the global financial crisis. In a week that saw business identity “Diamond Joe” Gutnick go bust, new statistics show the ranks of Australians taking financial measures of last resort has swelled. Previous slide Next slide 0% interest rates: what would it mean…
DetailsATHENS, Greece – U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its bailouts but urging it to keep implementing the necessary measures. … Read the full article at: http://www.kelownadailycourier.ca/news/world_news/article_6724ab03-578f-5f2a-83ba-f5f4b8f7b8d5.html
DetailsATHENS, Greece (AP) U.S. Treasury Secretary Jacob Lew stressed Thursday the importance of making Greece’s debt sustainable, praising the country’s progress in reforming its economy as part of its international bailouts but urging it to continue implementing the necessary measures. … Read the full article at: http://www.appeal-democrat.com/news/regional_news/europe/us-treasury-chief-stresses-need-for-greek-debt-relief/article_e96deb52-7ae5-5bcc-a969-df153c057a72.html
DetailsSweeping reforms are on the table as part of moves to strengthen Singapore as a centre for debt restructuring, which involves helping troubled companies renegotiate their debts. The Government, which wants Singapore to grab a bigger slice of what is a fast-growing business, was handed a road map yesterday in the form of 17 recommendations…
Details1MDB funds were used to pay for gambling debts in Las Vegas, said US investigators. “Funds were stolen under the pretense of a 1MDB investment in oil exploration. “On paper the US$1 billion was for resource rights, instead (it was) used for personal enrichment…(including) gambling debts in Las Vegas casions, a luxury yacht, interior decorators…
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