Essar Steel Minnesota, a U.S. affiliate of Indias Essar Global Group, has hired financial and legal advisers to help it restructure its debt, Reuters reported last week, citing sources familiar with the matter. The company is in the final stages of building a $1.8 billion iron ore pellet plant in northern Minnesota. Its woes underscore…
DetailsCHICAGO–(BUSINESS WIRE)–Fitch Ratings believes Dell Inc.’s (Dell) sale of its information technology services (Services) business to NTT Data Corp. for more than $3 billion will help reduce approximately $50 billion of debt incurred to finance Dell’s $67 billion acquisition of EMC Corp. (EMC) announced Oct. 13, 2015. Fitch’s ‘BB’ long-term Issuer Default Ratings (IDRs) for…
DetailsMore than 2,000 students who were victimized by Corinthian Colleges in Massachusetts are eligible to have their federal loans forgiven, Attorney General Maura Healey announced today at an event with U.S. Secretary of Education John B. King. According to the U.S. Department of Education, students who were defrauded at 91 former Corinthian campuses nationwide…
DetailsMarch 29 Olidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source…
DetailsBy Grant Latimer Published 29/03/2016 Gareth Latimer, Grant Thornton’s head of cyber security services Recent insolvency statistics for Northern Ireland have confirmed that there were 2.4% fewer corporate insolvencies in 2015 than in 2014, and that the rate of decline in the last quarter of 2015 was even higher, at 4.4%, from the same quarter…
DetailsOlidata SpA : * Said on Friday that the board of directors acknowedged that the conditions to continue the business are not present and verified the cause of dissolution according to the law * Entrusted a board of liquidators for the liquidation of the company as previously announced on Dec. 22, 2015 Source text for…
DetailsFirst National has hundreds of branches across Australia and New Zealand. Photo: Eddie Jim One of Australia’s largest real estate networks is facing internal upheaval amid allegations of mismanagement, manipulation of books and possible conflicts of interest including deals with suppliers owned by or linked to its own board members. In recent months, a reform group…
DetailsElite universities aren?t necessarily the best option for postgraduate students, according to the Grattan Institute?s Andrew Norton. University students may have to start paying back their HELP debt sooner. UNIVERSITY graduates may have to start paying their loans back sooner after a report revealed many students will never earn an income high enough to repay…
DetailsRoyal Queensland Aero Club was founded in 1910, making it one of the oldest aero clubs in the Southern Hemisphere. 28 Mar 2016 Royal Queensland Aero Club (RQAC), which lays claim to being the oldest aero club in the Southern Hemisphere, has gone into voluntary administration. Chairman of the Board Cliff Hefner sent out an…
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