Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…
Details(Photo: Student Debt via Shutterstock; Edited: LW / TO) Stories like this are published thanks to the generous support of our readers. Help ensure Truthout can keep publishing – sign up today to make a small donation each month and keep independent news alive! In June, a group representing fifteen students ripped off by for-profit colleges…
DetailsFeb 19 Koumbas Synergy Group : * Approves dissolution and liquidation of company Source text: bit.ly/1Vs4AlL Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN15Y038
DetailsBRISBANE, Calif.–(BUSINESS WIRE)–bebe stores, inc. (NASDAQ:BEBE) today announced that Manny Mashouf has rejoined bebes management team as Chief Executive Officer and that Walter Parks has rejoined as President, Chief Operating Officer and Interim-Chief Financial Officer. Former Chief Executive Officer and Board Member Jim Wiggett and former Chief Financial Officer Liyuan Woo are no longer with…
Details19th February, 2016 by Rupert Millar The founder of Antique Wine Company has dismissed potentially damaging public scrutiny of his finances as exaggerated following the sudden collapse of the businesss franchising arm. The liquidation of Antique Wine Company Franchising (AWCF), which was set in motion last month, has prompted strong criticism of its director Stephen…
DetailsPlease enable Javascript to watch this video DENVER — It’s the end of an era as three Sports Authority stores in the Denver metro area will be closing as the Englewood-based company battles money issues. Besides the flagship location at the famed Sports Castle at 1000 Broadway, Sports Authority will close stores at 9000 E.…
DetailsLocal banks representatives have asked authorities to speed up the personal insolvency laws enforcement. In December 2015, the authorities have decided to postpone the laws enforcement for a year. The banks have also asked the authorities not to rush the voting and implementation of the new law on mortgage loans, which is now…
Details10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…
DetailsForeign shareholders in the National Stock Exchange of India (NSE) wrote to the chairman and CEO of the exchange recently, pointing out that the minutes of the September and December meeting of the shareholders fail to mention the discussion on restructuring, and demanding that the minutes be amended. The letter has…
DetailsPHILADELPHIA Hey Kanye West, Philadelphia police have a solution to help you become debt free by 3122 to become a cop. Kanye West announced last weekend when he dropped his new album Life of Pablo that he was shockingly $53 million in debt. He reached out to Facebook CEO Mark Zuckerberg on Twitter for a $1 billion…
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