NEW YORK/HOUSTON Dec 14 Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to slash debt or file for bankruptcy. At least two investment banks and one law firm have bulked up…
DetailsMARTY SHARPE Frimley Estate, on the northern edge of Hastings. The development is not complete, and has not been a success for investors. An unsuccessful property development in Hastings has been put into liquidation with a judge saying those running the company appeared to be rewarding themselves rather than meeting obligations to creditors. Frimley Estate…
DetailsThe Supreme Court on Friday agreed to hear two related cases that could help Puerto Rico restructure some of its debt under the Recovery Act, a local law that a coalition of creditors has said is preempted by federal bankruptcy law. An appeals court in July agreed with the creditors and ruled that Chapter 9 of…
DetailsA baby goods retailer with 11 outlets across New South Wales has collapsed into voluntary administration just weeks before Christmas. My Baby Warehouse NSW is continuing to trade but a freeze has been placed on gift cards, refunds and lay-bys as December 25 quickly approaches, according to the Daily Telegraph. Robert Kite and Ozem Kassem…
DetailsAn Erie County Court jury concluded on Tuesday that a 58-year-old shooting victim knew exactly who fired three bullets into him as it found the assailant guilty of attempted murder, assault and criminal possession of a weapon. James R. Thomas Jr., 28, of Minnesota Avenue, allegedly was looking for payback on a gambling debt on…
DetailsThe Yahoo logo is shown at the company’s headquarters in Sunnyvale, California April 16, 2013. The company will release its quarterly results on Tuesday. Reuters/Robert Galbraith Yahoo Inc (YHOO.O) may make big changes to its media unit, restructuring and consolidating it, including making cuts and shuttering some efforts, tech news site Re/code said. The changes…
DetailsThomson ReutersTicker symbol for United Technologies is displayed on a screen on the floor of the New York Stock Exchange By Alwyn Scott and Amrutha Penumudi (Reuters) – United Technologies Corp forecast a slight profit rise next year and announced a $1.5 billion restructuring plan to reduce costs, sending its shares up in extended trading.…
DetailsAnglo American to cut workforce by 85000 in restructuring – BBC News Shares in mining firm Anglo American have fallen to a record low as the company said it would sell huge chunks of its business and shrink its workforce by nearly two-thirds. The changes will see the workforce drop by 85,000, from 135,000 to…
DetailsBy Noah Ramirez – Wednesday, December 9, 2015 We are sorry. You have no more credits available 🙁 0/ News Your current credit balance is: You have days left until your credit is updated. As part of the COP21 climate talks in Paris, UN regional organization Eclac has proposed debt relief to help the English-speaking…
DetailsRepublicans in the U.S. Congress proposed their first measures to help Puerto Rico as it swiftly runs out of cash, responding to pleas from the islands government and the Obama administration. Senate committee chairs including Orrin Hatch, the head of the finance panel, filed a bill Wednesday to direct up to $3 billion to Puerto…
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