Late in July 2012, Phil Mickelson, one of the world’s most famous golfers, received a phone call from a well-known professional sports gambler, William “Billy” Walters. At the time, U.S. authorities say, Mickelson owed Walters a gambling debt, and Walters had a hot stock tip: buy shares in the food company Dean Foods Co. Four…
DetailsBloomberg May 19, 2016 – 13:44 (Bloomberg) — LafargeHolcim Ltd., the worlds largest cement maker, is selling euro-denominated bonds to finance a debt buyback. The company is offering seven-year, 12-year and 20-year notes, according to a person familiar with the matter who asked not to be identified because theyre not authorized to speak publicly. LafargeHolcim…
DetailsShirtmaker Nicholas Jermyn has been placed under voluntary administration, with PWC appointed administrators. Two stores will close but the company is assuring customers that it remains open for business. Shirts The Willis Street store in Wellington and Botany Town Centre store in Auckland will be closing but the directors say all their other stores remain…
DetailsAfter months of negotiation, Republicans and Democrats in Congress have agreed on a plan to help Puerto Rico deal with its crushing $70 billion debt. It sets up a control board to investigate the U.S. territory’s murky financial picture and restructure its debt payments to creditors. Read the full article at: http://www.npr.org/2016/05/19/478729095/congress-agrees-on-plan-to-help-puerto-rico-restructure-70-billion-debt
DetailsA LOCAL church group supporting people struggling with debt have reached out in a bid to raise awareness of the links between financial trouble and mental health. Members of the congregations of four churches in Highworth run a debt support centre in partnership with the national charity Christians Against Poverty under the umbrella Highworth CAP.…
DetailsWASHINGTON (AP) — House Republicans and Democrats reached a rare, election-year deal with the White House to try to rescue Puerto Rico from $70 billion in debt as millions of Americans in the cash-strapped U.S. territory struggle with the loss of basic services. A revised House bill introduced late Wednesday would create a board to…
DetailsMay 19, 2016 4:30 p.m. ET The pension fund representing hundreds of thousands of truck drivers and warehouse workers wont make a second bid at overhauling one of the nations largest multiemployer retirement plans, according to the groups executive director, following a Treasury Department rejection of its original turnaround plan. The decision by the Teamsters Central…
DetailsPro golfer Phil Mickelson earned close to $1 million on an illegal insider tip that he used to pay off massive gambling debts, federal authorities say. Mickelson, 45, was named as a relief defendant in a civil lawsuit brought by the Securities and Exchange Commission. That means he is being targeted to repay his ill-gotten…
DetailsIn a breakthrough, House Republicans and Democrats have struck a deal with the White House to help rescue Puerto Rico from $70 billion in debt. A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt restructuring. The legislation came after weeks of…
DetailsUpdated May 19, 2016 11:10 a.m. ET WASHINGTONHouse Republicans reached an agreement with the Obama administration to provide Puerto Rico a path to restructure its $70 billion debt load, the first step toward ending its decadelong recession. With nearly all other details ironed out, disagreements had remained over how to handle appointments to a seven-member…
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