Reese Witherspoon was due to speak at event for Simpatico Connection The $3000-a-head event was to be held at the Dockside Pavilion in Sydney Simpatico Connection has gone into liquidation with debts of $2.1 million Poor ticket sales are considered as a factor in the company’s troubles Reese Witherspoon has yet to comment on the event’s cancellation…
DetailsThe Federal Reserves legal authority to give Puerto Rico emergency funding to help it emerge from a $70 billion debt crisis is extremely limited, Fed Chair Janet Yellen told senators on Tuesday. I think our authority is extremely limited, and it wouldnt be appropriate for us to give loans to Puerto Rico, Yellen said in response to…
DetailsPhoto: Finance Magnates UK-based London Capital Group Holdings PLC (LON:LCG), traded on the London Stock Exchange (LSE), announced details today of a restructuring proposal aimed to help strengthen the companys position. The deal will inject £10 million into the company, effectively boosting its regulatory capital and resulting in the stake of the majority shareholder of…
DetailsHogan Lovells has launched a mobile app called How to Indo with the aim of helping companies navigate the legal landscape when doing business in Indonesia. Producing in conjunction with Dewi Negara Fachri & Partners, Hogan Lovells recently announced associate firm in Indonesia, the app has guides covering legal issues relating to mergers and acquisitions,…
DetailsThe directors of Hacketts bookies have decided to place the business in liquidation, which will result in the closure of all of its 18 shops and the loss of 35 jobs. Originally founded by Cyril and Monica Hackett over 50 years ago, the family business expanded from its Midland base up to a peak of…
DetailsState-owned electricity producer Hidroelectrica exited insolvency on Tuesday for the second time. The decision was taken by the judges at the Bucharest Court. During the four years of insolvency, Hidroelectrica has been through a radical process of restructure and efficiency. Following this process, Hidroelectrica became the most profitable company from Romania, in the last years…
DetailsAn insolvency claim has been filed against financially troubled KVV Liepajas Metalurgs metallurgical company with the court in Liepaja, south-western Latvia, reports LETA, according to the information published on the website of the Insolvency Administration. The insolvency claim had been filed by G4S Latvia security company, and the insolvency proceeding was opened on June 17.…
DetailsBaby gear maker 4moms restructuring June 20, 2016 10:49 PM Business Wire 4moms is a consumer technology company that applies robotics, technology, innovative design, and deep consumer insights to develop dramatically better products. By Kris B. Mamula / Pittsburgh Post-Gazette Baby gear maker 4moms began restructuring Monday, a breather after a feverish four-year…
DetailsLONDON–(BUSINESS WIRE)–Cashfloat.co.uk, a trading style of Western Circle Ltd (WCL), has published a guide containing a wide selection of articles giving UK citizens much-needed information about managing their debt before turning to expensive credit, such as payday loans, to help them overcome a deteriorating financial situation. Western Circle Ltd (WCL), a London-based lending company trading…
DetailsBy: Reuters Brasilia Published:Jun 21, 2016, 7:54 By: Reuters | Brasilia | Published:June 21, 2016 7:54 am Interim President Michel Temer had a meeting with Finance Minister Henrique Meirelles after which it was decided that states would receive a six-month grace period on their debts to the federal government. Brazil on June 21 offered its…
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