March 6, 2016 9:43 a.m. ET BERLIN Commerzbank AG CRZBY 0.51 % Sunday said the head of its retail unit will become its new chief executive, succeeding one of the very last acting leaders of a European bank that tapped taxpayers in the financial crisis. The supervisory board of Germanys second largest lender named Martin…
DetailsSummary Given Weatherford’s declining EBITDA and high debt load, liquidation value may be a better metric. I believe Weatherford’s inventory ($1.1B), PP&E ($5.7B), intangibles and non-current assets ($3.5B) are higher than their liquidation value. Even with its $565 million equity raise, based on liquidation value Weatherford is insolvent. WFT remains a great short play. Click…
DetailsDan Carney 12:04 a.m. EST March 6, 2016 A columnist believes Sen. Bernie Sanders is having a polarizing effect that is damaging Democrats message.(Photo: ~File photo) While they might not say it publicly, most establishment Democrats would view a Bernie Sanders nomination with as much enthusiasm as bungee jumping off the Washington Monument without a…
DetailsAlbany During the trial of ex-Senate Majority Leader Dean Skelos last year, medical malpractice insurance executive Anthony Bonomo told jurors how Skelos had pressured him to hire the lawmaker’s son, Adam, to what amounted to a no-show job. Prosecutors successfully argued that Skelos, in turn, pushed through legislation favorable to Bonomo’s company, Physicians’ Reciprocal Insurers,…
DetailsNational Debt Relief recently shared in an article published February 15, 2016 how getting enough sleep has a direct hand in helping consumers manage their finances better. The article titled “Want To Improve Your Finances? You Have To Sleep More” looks into some of the benefits of getting enough sleep and how it translates to…
DetailsProgrammer Louis Kidd will almost certainly escape scot free By Robert Mendick, Chief Reporter 6:38PM GMT 05 Mar 2016 Follow He calls himself moosey_man on dating websites and describes himself as a hopeless romantic, who enjoys playing…
DetailsFile photo of Watson Nyambek conducting a clinic for students of SMK Agama Igan in Mukah, Sarawak last year. He has been declared a bankrupt for failing to settle a bank loan. Picture courtesy of Watson NyambekKUCHING, March 5 Several Sarawak Barisan Nasional (BN) leaders, including the state chief minister, have promised to help insolvent…
DetailsPacSun, the Anaheim-based surfwear brand, has hired financial advisers to help with its $160 million debt, payable at the end of the year, according to The Wall Street Journal. The troubled brand is working with Washington, D.C.-based restructuring firm FTI Consulting Inc. and New York-based investment bank Guggenheim Securities. In 2011, PacSun received a $100…
DetailsInternational finance of ocean-going vessels and other maritime assets such as off-shore oil and gas equipment is currently experiencing what could be described as a perfect storm: Many owners looking to refinance newer assets in their fleet ordered their construction and locked into efficient funding before the global financial crisis of 2007/8. And according to…
DetailsMelbourne-based maker of antipasto products Pronto e Fresco entered voluntary administration on Wednesday and is up for sale. Smart Company reports that the 100 per cent Australian-owned company, which was established in 2000, produces vegetable products including semi-dried tomatoes, roasted peppers, grilled mushrooms, grilled eggplant, grilled pumpkin and other unique char-grilled and marinated vegetables. Pronto…
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