WAs economic slowdown hasnt led to the dramatic rise in insolvencies many had expected, according to leading industry representatives. Low interest rates and business-friendly bank practices are among the factors keeping a lid on corporate collapses as the states economy hits the brakes, according to a number of high-profile industry professionals spoken to by Business…
DetailsJune 12, 2016 10:07 p.m. ET Going off to college comes with newfound financial freedoms. And for many college students that means their first foray into the world of credit and debt. There is no shortage of credit-card offers on and off campus, from cards with cash-back rewards to those geared specifically toward students. According…
DetailsCollege graduates at a job fair in Nanjing, capital of East China’s Jiangsu province, June 5, 2016 [Photo/VCG] BEIJING – Stable economic growth, continued progress in structural reform, and policies supportive of entrepreneurship and employment generation have offered new opportunities for college graduates. A survey conducted by education research company MyCOS Institute, released on Sunday,…
DetailsPresident Obama praised the House for passing a bill to help Puerto Rico restructure its debt, as the U.S. territory reels from an economic crisis and the spreading Zika virus. The House earlier this week passed a bill that gives Puerto Rico the ability to restructure its debt and help protect pensions for the island’s…
DetailsDonald Trump darted beneath the 70 gold-tipped minarets and nine carved elephants that lined the roof, through the lobby and across the casino floor, seemingly oblivious to the spectators’ cries of “Donald, Donald,” and the gamblers clutching bricks of $100 bills at the blackjack tables. It was April 1990, and Mr. Trump was officially opening…
Details15:35 03/06/2016 MOSCOW, June 3 (RAPSI) The Moscow Commercial Court has declared Yaposhka City company, the operator of Yaposha restaurants, bankrupt, RAPSI reported from the courtroom on Friday. On January 29, the court introduced a monitoring procedure at the company upon the request of Trust Bank. Yaposhka City owes over 1.6 billion rubles ($24 million)…
DetailsThe company wouldve been forced to turn over its assets to the wrestler to stay his $140 million judgment, so it petitioned the courts for emergency protection. In what is either an interim victory for Gawker hater and Silicon Valley billionaire Peter Thiel or a prudent maneuver by Gawker Media founder Nick Denton, the online…
DetailsA report issued by the Pew Charitable Trusts in July 2015, stated that 80 percent of consumers in the U.S. have some type of debt. With auto loans and student loans both topping $1 trillion and credit card holders dealing with an average of more than $7,500 in debt, many are looking for ways to relieve some financial stress. There are…
DetailsFollowing months of internal wrangling, the U.S. House of Representatives, on Thursday passed legislation creating a federal control board to help Puerto Rico cope with crippling debt that is wreaking havoc throughout the islands economy. By a vote of 297-127, the House approved the bill, sending it to the Senate for consideration. Some leading Democratic…
DetailsWhen a hole in the roof turns into a disaster. Photo: Graham Tidy Picture a scenario whereby you arrive home one rainy day to discover a leak in your roof has left a small pool of water in your hallway. Thankfully it’s only a small leak, so there’s not too much damage to your ceiling…
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