BEIJING China’s labor protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages. Company executives, especially at foreign or private firms, have long been critical of labor contract legislation and minimum wage laws that make…
DetailsThe Nov. 30 shutdown of Health Republic Insurance of New York, a nonprofit cooperative established in connection with the Affordable Care Act, left policyholders scrambling to find new coverage and health care providers short millions of dollars. And it spurred an investigation into its practices and calls for legislation to protect providers and consumers. On…
DetailsNational Debt Relief recently shared in an article published February 18, 2016 how consumers can find ways to develop a better relationship with their finances. The article titled “Learn How To Love Your Finances” helps people understand why they might feel indifferent towards their finances and puts out some tips to change it. Phoenix, AZ…
DetailsEddie Hayson leaves the NSW Racing headquarters after giving evidence at the 2013 inquiry into the More Joyous affair. Photo: Kate Geraghty Tales of the kidnapping of big-time punter and former brothel owner Eddie Hayson reached fever pitch in January with the chronic gambler owing millions of dollars to a raft of characters including drug…
DetailsThe headquarters of KTB in central Sofia. Photo by Christina Dimitrova Lawmakers have voted to approved changes to the Bank Insolvency Act on a first reading which also allow for the publication of a report by UK-based consultancy AlixPartners on insolvent Corporate Commercial Bank (Corpbank/KTB), local media have reported. Until now the text was only…
DetailsThe firm specialises in debt advisory, commercial and asset finance, corporate insolvency, restructuring and insolvency investigation services and reported fee income of £29.8m in 2015. It has 32 partners and more than 200 UK staff with 12 offices in England and Scotland. The firm is ranked 23rd in the annual Accountancy UK top 75 firms…
DetailsTexas Toll Road Failure Raises Question Of PPP ViabilityThe SH130 public private partnership toll road in Texas has filed for Chapter 11 bankruptcy protection. A toll road in Texas declared bankruptcy last week, raising concern about tolling’s long-term viability. The 41-mile State Highway 130 project was the Lone Star State’s first public private partnership tolling…
DetailsEarly last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. There is a lot for senators to pore over in the float and failure of Dick Smith. In economic theory, the failure of this Australian retailer is consistent with a dynamic economy. Businesses that do…
DetailsUpdated March 10, 2016 6:23 p.m. ET Colgate-Palmolive Co. CL 0.37 % said Thursday it would look to cut more jobs as part of a restructuring program that was originally slated to end this year but has been extended through 2017. The consumer-product company said that a total net head-count reduction would fall within the…
DetailsProtection granted last month to developer James Nugent of Maple 6 in Dublin in respect of a multimillion euro bank debt was removed at the High Court sitting in Cork yesterday. Danske Bank, which claims that Mr Nugent owes it 9.5m, applied to have the debtor adjudged bankrupt. Last month the Personal Insolvency Practitioner (PIP)…
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