Latin America Power BV shareholders sued SunEdison Inc., claiming the worlds biggest clean-energy developer is on the brink of bankruptcy and trying to hide assets. The shareholders say they need a court order to protect SunEdison assets while they pursue a claim in arbitration for $150 million, which they say theyre entitled to after the…
DetailsAround 10,000 supporters headed for the exits during the club’s 2-2 Premier League draw with Sunderland, in protest against proposals to introduce a highest-priced 77-pound ticket for next season. Principal Owner John W Henry, Chairman Tom Werner and President Mike Gordon issued a statement on the club’s website on Wednesday, apologising for any distress that…
DetailsIt’s funny. Whenever someone asks what I do, I explain that “I help students learn how to pay for college without taking on student debt”. I cannot tell you how many times the person responds with “Oh wow. I wish you were around when I went to college!” Or “Geez. Where were you _5, 10,…
DetailsConsolidated Debt Solutions, a newly launched business, is aiming to provide financing solutions to those who are seeking a third party that can assist with working alongside with creditors and reducing debt. The company said, This privately owned business recently launched locally and boast that the strategies implemented and the ability to work with clients…
DetailsComments Print /License AA Goodwills paralyzed Toronto-based chapter has just $835,308 remaining in assets but owes more than $6-million to creditors such as its employees and landlords, according to documents filed when it declared bankruptcy this week. The charitys assets total just a bit more than the $700,000 Goodwill paid in rent each month for…
DetailsSince the top 10% takes home 50% of all household income, it follows that this top slice has most of the discretionary cash, i.e. net income left after taxes, servicing debt and paying for essentials such as food, utilities and housing. It also follows that the discretionary spending of the top 10% is supporting much…
DetailsMasters is believed to have attracted the interest of global private equity giant Blackstone. David Mariuz Woolworths still has at least 15 business days to come to agreement with US retailer Lowe’s about the value of their home improvement business and hasn’t completely given up on finding buyers for Masters and Home Timber and Hardware. However, the…
DetailsNathan Tinklers company Australian Pacific Coal has taken a crucial blow, with Tinkler stepping down from the board over a new bankruptcy ruling. Newcastle Herald reported that a Federal Court judgement found Tinkler bankrupt over the sale of a luxury jet. Trading in Australian Pacific Coal shares was suspended on Tuesday following the ruling.…
DetailsFeb 10 Former Australian coal baron Nathan Tinkler on Wednesday resigned as chief executive of Anglo Pacific Coal Ltd after losing a legal battle over money he owed from the sale of a luxury jet and being declared bankrupt. Tinkler – who rode the mining boom to become Australia’s youngest billionaire before losing it all…
DetailsTOKYO — As the stock sell-off continues here, a number of companies are trading at price-to-book ratios of less than 1, reflecting investor concerns over corporate earnings. As of Tuesday, 53% of companies on the Tokyo Stock Exchange’s first section traded below book value, the most in two and a half years. Sell orders were…
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