The total number of Scottish business failures fell by 4 per cent last year, but there was a sharp rise in the final quarter. KPMG said that it had recorded 902 corporate insolvency appointments in 2015, down from 943 in 2014 and the high of 1,287 from 2011. However, there was an increase in liquidations…
DetailsCharney and backers, Hagan Capital Group and Silver Creek Capital, had made a $300 million for the company, which was rejected by American Apparels board. The proposal would have brought back Charney, who was fired as CEO in 2014 after allegations of misconduct. In his testimony in bankruptcy court last week, Charney accused company executives…
DetailsMitch Hooke has been recognised for his work in the mining industry. Photo: Sean Davey Mitch Hooke, the man who spearheaded the campaign to derail Keven Rudd’s mining tax – and helped kill the Labor leader’s prime ministership – has received top honours on this Australia Day for his services to the mining industry. In 2013, Hooke…
DetailsWincor Nixdorf AG saw net sales rise by 14% year on year in the first quarter of the current fiscal year 2015/2016, while operating profit (EBITA) before restructuring expenses increased by 78%. After restructuring expenses EBITA was up by 46%. In absolute terms, net sales generated by the Group totaled 727 million (previous year:…
DetailsToshiba is considering to sell its less profitable semiconductor businesses including its System LSI business to concentrate resources in advanced NAND, flash memory, and nuclear power generators and other coal fire equipment, according to a recent Nikkei report. The report pointed out with the exception of NAND flash operations, Toshiba planned to sell most of…
DetailsZombies are blocking the way for Japanese entrepreneurs. Imagine that you’re a Japanese 26-year-old with big dreams. You graduated from Waseda University, an elite private school, with a degree in electrical engineering. You and your university buddies used to hang around your apartment, watching anime on your LCD television, which was made by Sharp Corp, the…
DetailsEAU CLAIRE, Wis. (WEAU) — 14,690 calls were made to the Wisconsin Problem Gambling Helpline in 2015; that number was 41 calls away from the record set in 2014. The average debt of the calls to the helpline is at a staggering $39,000. Rose Gruber, the Director of Wisconsin Council and Problem Gambling, says…
DetailsThe financial grief inflicted by plunging oil prices has been laid bare by new research showing a sharp jump in the number of UK oil and gas service companies going insolvent. At least 28 companies declared insolvency in 2015, up from 18 the previous year and just six in 2013, according to Moore Stephens, the…
DetailsUnlike the slick suits and killer sheen of Oliver Stones Wall Street, this is a world of chaos and disorder One of the strangest elements of director Adam McKays goofy 2010 comedy was the inclusion of some credit sequence infographics about corporate fraud and capitalist corruption that seemed to have been crowbarred in from another…
DetailsSTACY SQUIRES/FAIRFAX NZ Familial Trust founder and manager Karen Watson understands better than most the wide-spread and devastating mental health implications of living with an addict. Lonely rebuild workers, residents suffering post-quake stress and families struggling with Christmas bills are contributing to a spike in people seeking help for gambling addictions this summer. The Problem…
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