NRG Energy announced the conclusion of the GreenCo process on its first-quarter earnings call this week, with the majority interest sale of NRG EVgo to investment firm Vision Ridge Partners and a restructuring of NRG Home Solar that will result in layoffs involving 500 employees. With the restructuring, the residential solar business will move back…
DetailsGerman Economy Minister Sigmar Gabriel presents the spring economic outlook at a news conference in Berlin, Germany, April 20, 2016. Reuters/Hannibal Hanschke German Vice Chancellor Sigmar Gabriel said on Monday euro zone finance ministers should start talks on debt relief for Greece, warning that further austerity measures would crush the green shoots of its recent…
DetailsBERLIN (Reuters) – German Vice Chancellor Sigmar Gabriel said on Monday euro zone finance ministers should start talks on debt relief for Greece, warning that further austerity measures would crush the green shoots of its recent economic recovery. “We must help the country to reduce its debt burden,” Gabriel said in a speech in Berlin,…
DetailsMurderer sued by victim’s son is declared bankrupt 9 May 2016 From the section Tayside and Central Scotland Image copyright Supplied Image caption William Kean is serving a life sentence for the murder of Jenny Methven A convicted murderer has been declared bankrupt after being sued for damages by his victim’s family. William Kean is…
DetailsGerman Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further austerity measures. The finance ministers of the euro zones 19 countries are due to meet in Brussels on May 9 to discuss…
DetailsCreditors of the troubled KVV Liepajas Metalurgs metallurgy company are seriously considering the possibility of filing an insolvency claim against the company, Latvian Economics Minister Arvils Aseradens (Unity) said on the public Latvian Radio on May 6th, cites LETA. He said the Economics Ministry was working on possible scenarios for further actions by the Latvian…
DetailsWhat is refreshing about the new policy framework to resolve insolvency and bankruptcy in corporations is that it doesnt seek to rescue a business at any cost as existing regulations, such as a SICA, attempt to do. (Reuters) The efficacy of any mechanism can be gauged only after it has been put in place…
DetailsDominic Chappell bought BHS from High Street tycoon Sir Philip Green He was bankrupted over fee dispute with Foxtons and marina development Now claims that he was also bankrupted a third time over 20 years ago Mr Chappell denies claims and said he had been victim of a ‘witch hunt’ By Holly Black for the…
DetailsLast Modified: Mon, May 09 2016. 01 53 AM IST The portfolio Procter and Gamble focused on is growing in the high single digits although overall growth is affected by the restructuring Procter and Gamble Co.s (P&Gs) management told investors, after their March quarter earnings, that they have decided to exit or fix unprofitable…
DetailsQ. I have a daughter who lives in another state, and she is having financial problems. I suggested that she contact a credit counseling agency in her area to see if she could get some help. She did contact someone, but the organization wanted her to sign a cease and desist order and some other…
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