Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here UBS maintained a Buy rating on Morgan Stanley (NYSE: MS), and cut the price target to $34.00 (from $42.00), following the company’s 4Q earnings report. UBS lowered estimates by 16c to $3.00 per share in 2016, and by 12c…
DetailsTreasurer Scott Morrison is being urged to introduce a plan to allow graduates to use their retirement savings to pay off government loans to cover course fees. Liberal senator Chris Back says the plan would target graduates in their twenties and thirties who have Higher Education Loan Program (HELP) debts owing to the Government,…
DetailsOfficials from the ministries of finance and corporate affairs today briefed a Parliamentary panel on the Insolvency and Bankruptcy Code, 2015, which seeks to provide an easy exit option for insolvent and sick firms. The briefing was given to the 30-member Joint Committee on the Insolvency and Bankruptcy Code, 2015. The panel is…
DetailsSecretary of the Treasury Jacob Lew will meet with Puerto Rican officials on Wednesday to address the island’s mounting debt crisis. Puerto Rico has defaulted twice on its payments and it suffers with a high public debt of $72 billion, and the secretary hopes that the U.S. Congress will act by March of this year.…
DetailsThe number of permanent solutions reached between heavily indebted borrowers and their lenders through the Insolvency Service of Ireland (ISI) increased by 70 per cent last year. The rise has been welcomed by the service but the figures have been dismissed as disingenuous spin by critics who insist the regieme is not fit for purpose.…
DetailsBy Suzanne Hodsden Johnson & Johnson (J&J) has announced that it will cut about 3,000 jobs from its medical device business representing 4 to 6 percent of that workforce and about 2.5 percent of the companys global workforce a reorganization move that J&J expects will make way for a changing global marketplace and accelerate innovation.…
DetailsThere was a 70% increase in the number of permanent solutions agreed through the Insolvency Service of Ireland last year. The ISI said the recent removal of the banks’ veto over proposed arrangements involving debtors’ homes has already resulted in financial institutions reversing some of their own rejection decisions. Lenders overturned four out of 12 rejection decisions which were appealed last month.…
DetailsThe correction on the ASX can be traced directly to Beijing. Photo: Qilai Shen Unlike nearly every other advanced economy during the past 25 years, Australia has not had a recession. Not since the short, sharp Keating recession of 1990-91. Our defences against a recession are now threadbare, in large part because the protection provided…
DetailsThe Government is developing new rules on insolvency, upon the demand of the Tax Authority ANAF. It will remove the current legal norms that prevent the prosecuting authorities from blocking the insolvency account or the assets of a company suspected of producing damages after entering insolvency, reports local Profit.ro. If an insolvent company…
DetailsThis time next week, well know which song takes the cake in triple js Hottest 100 on Australia Day (PSA: youve got two days left to vote). But while we celebrate one hundred winners – and certified bangers – there could be just as many losers, if youve decided to take a punt and collect…
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