By Reuters Published: 02:28 EST, 10 June 2016 | Updated: 02:28 EST, 10 June 2016 By Richard Cowan WASHINGTON, June 9 (Reuters) – The U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout…
DetailsBayCom construction, which operates in the Bay of Plenty, has gone into voluntary liquidation. File photo / Mark Mitchell A dispute between a Tauranga builder and the Ministry of Education over school building weathertightness issues prompted liquidation, an official report says. BDO Tauranga’s Paul Clark is a joint liquidator of BayCom Construction and he indicated…
DetailsRomanian largest power producer Hidroelectrica recorded a turnover of EUR 286 million in the first five months of the year, down 18% year-on-year, and a net profit of over EUR 124 million, down 12% year-on-year. The Bucharest Court should have made a decision yesterday on the companys exit from insolvency, but the deadline was postponed…
DetailsThe House on Thursday overwhelmingly passed a rescue package for debt-stricken Puerto Rico, clearing a major hurdle in the ongoing effort to bring relief to the U.S. territory of 3.5 million Americans. The strong bipartisan vote was 297-127 for the legislation that would create a financial control board and allow restructuring of some of Puerto…
DetailsA worker takes off U.S and Puerto Rican flag after rally of U.S. Democratic presidential candidate Bernie Sanders in San Juan, Puerto Rico, May 16, 2016. Reuters/Alvin Baez The U.S. House of Representatives on Thursday moved toward passage of legislation creating a federal control board to…
DetailsThe U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island’s economy. Bolstered by rare bipartisan cooperation between the chamber’s Republicans and Democrats and a White House announcement of support earlier on…
DetailsThe U.S. House of Representatives on Thursday was poised to pass legislation creating a federal control board to help Puerto Rico cope with a crippling debt that already is wreaking havoc throughout the island’s economy. Bolstered by rare bipartisan cooperation between the chamber’s Republicans and Democrats and a White House announcement of support earlier on…
DetailsRetail giant BHS is in liquidation with the Kilmarnock store set to close this summer. A buyer was not found in the weeks since the company plunged into administration meaning around 11,000 jobs nationwide are now at risk. Michael Keane, head of planning at East Ayrshire Council, revealed steps have already been taken to combat…
DetailsYoure not alone if youre confused about your student loans or feel stymied by your student loan servicer. More and more resources out there can help, but you cant use them if you dont know they exist. We talked to Seth Frotman, who works at the federal Consumer Financial Protection Bureau as student loan ombudsman and assistant…
DetailsThe three main factors leading to over-indebtedness are often surprising to people. They often also take the people coming into high levels of debt by surprise. No, it’s not just high mortgages, expensive cars or luxurious vacations that lead to unmanageable debt levels. It’s being taken by financial surprise through the loss of work, an…
Details