New plans will see the carrier’s various units fall under different CEOs By gulfadmin May 8, 2016 Abu Dhabi carrier Etihad Airways unveiled a new management structure on Sunday that will see president and chief executive James Hogan take the helm of a wider aviation group. Etihad Aviation Group chairman Mohamed Mubarak Al Mazrouei said…
DetailsLiepajas Osta LM stevedore was declared insolvent in a written procedure at the court in Liepaja port city in Latvias south-west on May 12th, writes LETA. Zanda Kokare-Rode has been appointed as the insolvency administrator for Liepajas Osta LM, the courts representative, Inta Kurpa, told LETA. Kokare-Rode was proposed as the insolvency administrator after…
DetailsBy Benjamin Hulac, E&E reporter The coal mining company Alpha Natural Resources Inc. is moving to sell off chunks of its business and has provided limited details about its future operations, based on plans the company submitted in court papers, the Justice Department said. In an objection filed Tuesday, attorneys for the U.S. Trustee Program…
DetailsComments (0) A charity is marking five years of rescuing local people from the misery of personal debt and helping to save lives. In 2011, members of St John’s Church in Yeovil partnered with UK debt counselling charity Christians Against Poverty (CAP) and received training to open a local centre. On Saturday, May 14, the team,…
DetailsThe government is targeting a company claiming to help borrowers access Obama student loan bailout programs. The Department of Education sent a cease and desist letter to Student Loan Consultants of America last week, asking the company to stop using the agencys logo. The letter is one of several the Department has sent to so-called…
DetailsHexi Pharma Co. SRL, a Romanian pharmaceutical company involved in a recent scandal of faulty hospital disinfectants, has filed for insolvency with the Bucharest Tribunal. 2016-05-12 15:55:12 According to the courts web portal, the application was filed on Tuesday and it regards bankruptcy upon debtor request under Article 66 of Law 85/2004 on insolvency prevention…
DetailsMay 12 Shenzhen Tempus Global Business Service Holding Ltd * Says it scraps asset restructuring Source text in Chinese: bit.ly/1OpcSqu Further company coverage: (Reporting by Hong Kong newsroom) Read the full article at: http://www.reuters.com/article/idUSL3N1894NM
DetailsGroup boss Dieter Manz. Manufacturing equipment supplier Manz, which regards solar and energy storage as two of its three key strategic business segments, claims recent restructuring is starting to pay off, reporting some positive developments in its latest financial reports. Volume of orders received by the end of March stood at 96.3 million (US$109.6 million),…
DetailsMake sure you get your shares right before making that VC transaction. (Image via Indianexpress.com/ C R Sasikumar) The number and type of shares a founder owns in a startup is a crucial point to think about in the context of venture capital transactions. Joint stock companies (JSC), which are the most common form of…
DetailsRajeev Dubey, Managing Editor, Business Today In the fracas of whether Vijay Mallya is a defaulter, a wilful defaulter, or – to be charitable – a victim of circumstances, lenders and politicians have upped the ante against the UB Group chairman who fled the country with nearly Rs 9,000 crore in unpaid dues but who…
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