James Packer’s Crown group is a classic privatisation play – Sydney Morning Herald

James Packer has stepped down as a director of Crown Resorts. However, he is still Crown’s controlling shareholder and the architect of the group’s ambitious expansion strategy. It’s not clear whether James Packer will pull together a privatisation offer for his 53 per cent-owned Casino group, Crown Resorts, but it is easy to work out why…

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Former Celtic and Scotland striker Darren Jackson made bankrupt with debts of … – Scottish Daily Record

EX-Celtic star Darren Jackson has been made bankrupt with debts of £270,000. The former striker, who also played for Hibernian and Dundee United , was declared insolvent after failing to settle large bills. The majority of the cash is owed to the taxman and relates to investments made in a film production scheme. The 49-year-old…

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Toshiba warns of $4.5B loss, cut 5% of workforce – Channel News Asia

SINGAPORE: Embattled Japanese conglomerate Toshiba said on Monday (Dec 21) it is expecting an annual loss of nearly 550 billion yen (US$4.53 billion) and will be cutting jobs in its loss-making consumer electronics business as it embarks on a bold restructuring plan in an effort to move beyond an accounting scandal.  The Tokyo-based company announced…

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Pennsylvania Court Issues Liquidation Order for Regis Insurance – Insurance Journal

Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. The company is licensed only in Pennsylvania but did business in several other states within…

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