DENVER — Sports Authority, the nation’s fourth-largest sporting goods retailer, will begin going-out-of-business sales this week, having failed to secure a buyer in bankruptcy court last month. According to court documents, the privately held, Colorado-based chain will shutter all of its 463 stores by the end of August. Expect discounts to begin at relatively tame levels…
Details2016-05-24T17:33+02:00 17:33 24.05.2016 The Individuals’ Deposit Guarantee Fund has introduced temporary administration to bank Mykhailivsky (Kyiv) declared insolvent for one month from May 23 to June 22, 2016 inclusively, the fund has said on its website. Temporary administrator is a representative of the fund, Turiy Irkliyenko. The NBU declared the bank insolvent on May 23.…
DetailsPuerto Rico made Rep. Raul Labrador, but the fact he was born there, and called it home until he was 13 years old did not inspire him to help the island with its debt crisis. In his five years as a lawmaker, Labradors political capital has been so invested in his conservative constituents in Idaho,…
DetailsWednesday, 25 May 2016, 4:52 pmArticle: BusinessDesk Wednesday 25 May 2016 04:40 PM $100 million later, Woosh Wireless goes into voluntary adminstration By Edwin Mitson May 25 (BusinessDesk) – Woosh Wireless, the Auckland-based wireless broadband operator, has gone into voluntary administration. The company was founded in 1999 and has burnt through more than $100 million…
DetailsThe Association of Personal Insolvency Practitioners (APIP) is meeting today to discuss whether it should continue to do specific types of debt arrangements after legal opinion emerged questioning if these comply with the law. The issue involves personal insolvency arrangements (PIAs) that also include split mortgages. A PIA is the restructuring of mortgage and other…
Details©Getty Graffiti in central Athens It has been a defining feature of the bailout of Greece by the eurozone and International Monetary Fund that the creditors have done the right thing years later than they should. Tuesdays meeting of the eurogroup of finance ministers has provided the chance for eurozone governments to address the questions…
DetailsThere were 45 people experiencing insolvency in Mandurah, the third highest after Wanneroo and Rockingham. The statistics from three cities were the main contributors to a 13.1 per cent increase in the number of debtors in WA in the March quarter. The number of debtors who entered a personal insolvency increased 1.5 per cent in…
DetailsNEW YORK (TheStreet) — Shares of Chesapeake Energy (CHK) are advancing 7.08% to $3.93 in early-afternoon trading on Tuesday after announcing that it has issued or agreed to issue roughly 5% of its outstanding shares in exchange for debt during the past week. The transaction is the second time this month that Chesapeake has swapped debt…
DetailsThe Sports Authority will begin its going-out-of-business sales at all 463 of its stores on Wednesday after failing last month to find a bidder in a bankruptcy auction willing to keep it going as a smaller retailer, according to court documents filed this week. The debt-laden retailer filed for Chapter 11 protection in federal bankruptcy…
DetailsInternational Business Machines is believed to be moving in the right direction by reducing costs and investing in secular growth Published By: Angela Campbell on May 24, 2016 10:28 am EST International Business Machines Corp (NYSE:IBM) is one of the oldest and largest companies known in the computing space. IBM has played an important…
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