The BlackRock sign is pictured in the Manhattan borough of New York, in this October 11, 2015 file photo. Reuters/Eduardo Munoz/Files BlackRock Inc (BLK.N) said on Thursday it will cut 400 jobs and take a $76 million restructuring charge after posting a 20 percent drop in first-quarter profit amid a dramatic reversal in financial markets.…
Details(Photo: Jeffery Scism)MARY ANNE HITT OF ECOWATCH FOR BUZZFLASH AT TRUTHOUT Article reprinted with permission from EcoWatch This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that…
DetailsIntroduction Conflicting high court decisions Company court’s interference Sale without court intervention Introduction In Pegasus Assets Reconstruction P Ltd v M/s Haryana Concast Limited(1) a division bench of the Supreme Court held that a company court (through the official liquidator) cannot wield any control in respect of a sale of secured assets by a secured…
DetailsThe lonely life of David Gest has been revealed. He is said to have blown thousands of pounds gambling in the months before he died, and left debts of nearly half a million. Punters reportedly saw the entertainer, below in one of his last photoshoots, feeding two of the 50p-a-go slot machines at the same…
DetailsAfter a couple of years when Australia’s personal insolvency numbers fell sharply, a growing number of people have entered into debt agreements over the past year. According to the latest Australian Financial Security Authority figures, the number of personal insolvencies rose two per cent in the March quarter, compared with the same quarter last year.…
DetailsShutterstock photo WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the country’s top central banker said on Thursday. The deepening slowdown in the world’s second-largest economy has heightened the need for Chinese authorities to come up with ways to…
DetailsApril 14, 2016 11:59 a.m. ET WASHINGTONChina is planning a debt-for-equity swap program that could provide large companies mired in overcapacity a way to reduce their debt burdens, the countrys top central banker said on Thursday. The deepening slowdown in the worlds second-largest economy has heightened the need for Chinese authorities to come up with…
Details(Photo: Jeffery Scism)MARY ANNE HITT OF ECOWATCH FOR BUZZFLASH AT TRUTHOUT Article reprinted with permission from EcoWatch This week, a giant that had been teetering for many months finally fell, as Peabody Coal officially declared bankruptcy. For market watchers around the globe, this was a decisive movement in the long decline of an industry that…
DetailsREALITY TV star David Gest was allegedly £500,000 in debt after becoming addicted to gambling prior to his death. According to reports, the star was prepared to sell some of his sought-after memorabilia in a bid to break even. Gest was found dead at the luxury Four Seasons hotel in London on Tuesday. According to…
DetailsPUBLISHED: April 14, 2016 1:00 pm AS of last week, some debt-stricken Islanders have been able to apply for a Debt Remission Order, which will allow their debts to be frozen for a 12-month moratorium period and then be written off, if they are still unable to pay them. The new order, which is similar…
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