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DetailsRHODE ISLANDRhode Islanders struggling to pay off college loans will soon have new options through the Rhode Island Student Loan Authority to refinance and consolidate debt to get lower interest rates. Governor Gina Raimondo on Wednesday signed into law legislation that gives the quasi-state agency the power to issue bonds and buy and invest in…
DetailsGarnero Group Acquisition Co * As result of certain material breaches by Q1 Comercial De Roupas S.A. of agreement between parties, it has terminated deal * Garnero group acquisition company announces termination of investment agreement and provides information on liquidation * Terminated its previously announced proposed merger with grupo colombo * Ggac’s corporate existence will…
DetailsSAO PAULO–(BUSINESS WIRE)–Garnero Group Acquisition Company (GGAC) (NASDAQ:GGAC), a public investment vehicle formed for the purpose of effecting a merger, acquisition or similar business combination, announced today that, as a result of certain material breaches by Q1 Comercial de Roupas S.A. (Grupo Colombo) of the agreement between the parties, it has terminated its previously announced…
DetailsTwo of Scotland’s leading insolvency practitioners has joined the Accountant in Bankruptcy (AiB) advisory board. Bryan Jackson, currently a consultant with Johnston Carmichael, and Laurie Manson, former PwC corporate insolvency and restructuring specialist join as non-executive board members. Both will offer independent challenge and professional expertise to the Executive Agency of the Scottish Government. Jackson,…
DetailsIntel Corp. said its second-quarter earnings fell sharply as the chip giant booked a hefty charge related to its efforts to restructure and cut costs. In April, the company unveiled cost-cutting plans that aim to free up funds to invest in businesses that are growing. The restructuring includes plans to slash 12,000 jobs, or about…
DetailsAn article in the Financial Times makes a case for the current turmoil in Turkey being of benefit to Greece. U.S. Treasury Secretary Jack Lew has said that Greeces creditors should let Greece restructure its debt so that the country can play a role as an anchor of regional stability in…
DetailsUpdated July 20, 2016 4:49 p.m. ET Intel Corp. INTC 1.54 % s second-quarter earnings fell sharply on charges related to its efforts to restructure and cut operating costs. In April, the Santa Clara, Calif.-based company unveiled cost-cutting plans to free up funds to invest in business areas that are growing. The restructuring includes slashing…
DetailsTK | 20 July 2016 Prague, July 19 (CTK) – The Czech Republic will in August apply for money from the European Globalisation Adjustment Fund (EGF) in aid of miners to be dismissed from the OKD company, it ensues from a document of the Labour and Social Affairs Ministry which the…
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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