Design-focused software firm Autodesk has announced a restructuring plan as the company looks to expedite its transition to the cloud and a subscription-based business model. As with many such restructurings, this means that Autodesk is laying off a significant chunk of its staff 925 positions, equating to around 10 percent of the workforce. Founded out…
DetailsA small credit union that served members of Christ the King Baptist Church in Milwaukee was declared insolvent and shut down by a state regulator Friday. CTK Credit Union, 7750 N. 60th St., was closed by the Wisconsin Department of Financial Institutions, which appointed the National Credit Union Administration, or NCUA, to liquidate it.…
DetailsATLANTIC CITY, N.J. — Atlantic City’s Borgata casino says it will stop making tax payments until the city hands over $62.5 million in court-ordered tax refunds. That move could cause the cash-strapped city to run out of money within weeks; Mayor Don Guardian said it would be “devastating” if the Borgata withheld a tax payment…
DetailsThe only thing worse than Jay Williams rookie year in the NBA, was the next seasonthe one that never happened. The promising point guard out of Duke looked headed to stardom until a motorcycle crash ended his career and sent his life into a downward spiral of depression and addiction. Williams, now a successful ESPN…
DetailsThings keep getting worse for one two-time National Football League pro bowler. Former NFL running back Clinton Portis owes $4.8 million to creditors, $170,000 of which comes from a gambling trip to the Borgata Hotel Casino in Atlantic City. According to a report from NJ.com, Portis allegedly wrote bad checks to try to pay off…
DetailsConvicted East Hartford mobster John A. Barile pleaded guilty Thursday to federal crimes that include setting fire to his Middletown restaurant while his inebriated business partner was inside and shocking a man with a stun gun for failing to pay some $50,000 in gambling debts. Sentencing guidelines call for Barile, 52, who has been living…
DetailsMy husbands business is successful, but I have never really looked at how our personal assets may be exposed if it ever goes belly up. We have a £2m home, which I co-own. So I would like to find out how best we can protect the house and my own half-share of the house against…
DetailsDAVID UNWIN / FAIRFAX NZ. The Highflyers building, on the corner of The Square and Main St in Palmerston North, has been largely empty since 2013. The liquidation of the company that wanted to redevelop the Highflyers building in Palmerston North has ended badly for creditors. Liquidators have been unable to squeeze a cent out…
Details