Posted 8 hours ago Proposed by OI Glass, Inc. Feb. 28, 2022 /CSRwire/ – OI Glass, Inc. (“OI”) (NYSE: OI) and ENGIE’s business unit “Global Energy Management & Sales” have entered into a long-term agreement for ENGIE to initially supply a total of 4.3 TWh of renewable electricity at OI …
Read More »State News: Legislative News Updates
Oklahoma House and Senate Senator Kay Floyd introduces bill codifying school library policies OKLAHOMA CITY — Sen. Kay Floyd, D-Oklahoma City, has filed legislation to place school library policies already in use in Oklahoma into state law. Senate Bill 1640 would codify the policies used by the Oklahoma Library Association …
Read More »APSEZ Receives NCLT Approval for Sarguja Rail Corridor Merger
New Delhi: Adani Ports and Special Economic Zone Ltd (APSEZ) Composite Scheme of Arrangement to acquire Sarguja Rail Corridor Pvt Ltd (SRCPL) has been approved by the Ahmedabad Bench of the National Company Law Tribunal (NCLT) and will become effective on the appointment date of April 1, 2021. APSEZ will …
Read More »Less stress for aircraft owners? Set up your reserve funds this way
In case you missed the last two weeks, we’ve used an airplane cost calculator to optimize and reduce the expense of owning an airplane. So far, our analysis has shown that our reserve funds for general engine maintenance and overhaul leave little room for savings. While this is a sad …
Read More »Column: Starting a new business to ring in 2022 | Chroniclers
The holiday break gave me the opportunity to catch up on reading. I came across an article in the Wall Street Journal in early December with the headline “Workers quit their jobs en masse to become their own bosses” and a caption “In search of flexibility, employees discover their inner …
Read More »Understanding Biden’s Federal Green Procurement Ordinance
President Biden recently signed an executive order calling on the U.S. government to lead the way in what many call “green purchasing,” using government procurement to model sustainable and environmentally friendly purchasing to reduce greenhouse gases. greenhouse and other forms of pollution. While the Biden order has been detailed in …
Read More »China c.bank says to promote healthy development of real estate market
People wearing face masks walk past the headquarters of China’s central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS / Tingshu Wang Register now for FREE and unlimited access to Reuters.com Register SHANGHAI, Dec.26 (Reuters) – China’s central bank is committed to promoting the healthy development of the …
Read More »Here’s how bankers can confidently work with the cannabis industry
Opinions expressed by Contractor the contributors are theirs. The challenges of high-risk banking businesses are not new to financial institutions. But the hurdles of banking the cannabis industry, which is still federally illegal, add a whole new element of challenges. Getting an open banking relationship for cannabis companies isn’t easy. …
Read More »Attorney General Sues Maine Lawyer for “Negligent Misrepresentation” on Billing
Amy Fairfield briefed prosecutors in April 2019, the first day of Jay Mercier’s appeal of his conviction for the murder of Rita St. Peter. David Leaming / Morning Sentry Amy Fairfield, who was at the center of a 2019 Maine Monitor investigation into her law firm’s unusually high billing, is …
Read More »Metro Moves: New apartment tower in Golden Triangle | New
Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest Denver Metro openings, closings, hires, and promotions here. To submit news about your business, send an email to [email protected] Coming soon Denver-based Summit Capital Venture has partnered with Rockefeller Group to purchase land on 12th Avenue and Delaware Street …
Read More »Warren Averett secures investment from Wealth Partners Capital Group
Warren Averett became the latest accounting firm to receive capital from a private equity or investment firm, but in this case the money will go to the firm’s asset management subsidiary, which hopes to close. future agreements with other CPA firms to acquire their wealth management practices. Warren Averett CPAs …
Read More »Telecom Italia Board of Directors meets to discuss KKR takeover proposal
The Telecom Italia logo for the TIM brand is seen on a building in Rome, Italy on April 9, 2016. REUTERS / Alessandro Bianchi / File Photo Register now for FREE and unlimited access to reuters.com Register now The goal is to create a landline, to manage it as a …
Read More »Davis & Hodgdon changes name for the future
Vermont Business Magazine Davis & Hodgdon Associates, CPA, with offices in Williston and Rutland, unveils new names for itself and its entities. Recognizing that its client list and service offerings have grown substantially since its inception in 1990, the company recently embarked on a rebranding initiative that included name changes. …
Read More »Women Corporate Directors Foundation and Pearl Meyer Release New Report on Director Oversight of DE&I
NEW YORK–(COMMERCIAL THREAD) – Administrators are more involved than ever with DE&I and they are expanding the breadth and depth of metrics they use to track progress, according to a new report, Directors, prepare for more: monitoring, reporting and incentivizing DE&I, the Women Corporate Directors Foundation (WCD) and Pearl Meyer, …
Read More »Businesses need to think about cost models to thrive
There is no doubt that Covid-19 has led or will lead to a cost optimization exercise for many businesses. Temporary freezes of new hires, renegotiation of key contracts, revision or postponement of CAPEX investments, optimization of inventory levels or reduction of performance bonuses: here is a rundown of some measures …
Read More »MPs question Sanjeev Gupta’s management of Liberty Steel
An influential group of MPs has questioned Sanjeev Gupta’s management of Liberty Steel, Britain’s third-largest steelmaker, after identifying a “series of audit and corporate governance red flags” at the conglomerate. magnate. MPs on Friday warned that Gupta must “urgently fix” GFG Alliance’s problems if he is to be considered a …
Read More »Ex-Sheriff Arpaio’s legal tab hits $ 100million as taxpayers pay his latest bills
PHOENIX (AP) – Almost five years after Joe Arpaio was elected sheriff for Arizona’s most populous county, taxpayers have covered one of the last major bills in thousands of lawsuits as the man’s tactics law have inspired – and the global legal tab has reached $ 100 million. Officials in …
Read More »WeWork shares rise on day one of listing, two years after IPO failed
WeWork shares rose on their first day of listing on Thursday, closing a journey to a listing that included the implosion of its initial public offering in 2019. Shared Office Company WeWork Goes Public Through Combination With BowX Acquisition Corp. , an ad hoc acquisition company. The shares, traded as …
Read More »Bannon case and stalled voting rights bill show how the GOP renounced democracy
As the American people weary of the endless partisan struggles bequeathed by Donald Trump’s presidency, they are caught in a pivotal moment that will decide how America will be governed today and for generations to come. Their number will not be enough in the Democratic-led chamber to prevent the referral …
Read More »Updated Form W-8BEN-E; Form 1127 and Tax Procedure 99-50 Req. for comment
Below is our summary of the Internal Revenue Service (IRS) key directions and relevant tax matters for the week of October 11, 2021 – October 15, 2021. Additionally, for ongoing updates on the tax impact COVID-19, please visit our resource page here. October 12, 2021: The IRS has issued a …
Read More »Islam Oxygen to go public to develop its business
Strong points The company wants to increase the Tk93cr through the creation of books Its net profit was Tk41.48cr in fiscal year 2020-21 The turnover amounted to Tk145.42cr during the period Linde, Spectra and DR Industries are key players in the market Oxygen maker and supplier Islam Oxygen Limited wants …
Read More »Summary of EIDL COVID – Coronavirus (COVID-19) Eligibility Conditions and Conditions
United States: Summary of EIDL COVID Conditions and Eligibility Requirements COVID-19 resource October 15, 2021 Lane powell To print this article, simply register or connect to Mondaq.com. The US Small Business Administration’s (SBA) recently expanded COVID-19 Economic Disaster Loan Program (COVID EIDL), which offers long-term, low-interest loans of up to …
Read More »Law firm Netzer files complaint against the state on HB 702 | national news
Joel G. Krautter of law firm Netzer, PC, filed a lawsuit in Montana Seventh District Court in Richland County on October 5, seeking to have HB702 declared unconstitutional. According to the lawsuit, Krautter claims that section 1 of Montana House Bill 702 is prima facie invalid and unconstitutional to the …
Read More »Jackson’s garbage lawsuit will likely cost taxpayers thousands of dollars
JACKSON, Mississippi (WLBT) – Jackson’s legal battle over who would haul residents’ garbage is likely to cost the capital’s taxpayers thousands of dollars. In September, city council and the mayor each brought in independent law firms to represent their interests in his garbage collection lawsuit. The firms included the law …
Read More »SPLC and two local law firms file lawsuit against Cobb School District
About a week after sending a letter to the Cobb County School District threatening legal action, the Southern Poverty Law Center (SPLC) and two local law firms filed a federal complaint against the school district this afternoon. The defendants include the Cobb County School District, Superintendent Chris Ragsdale, as well …
Read More »‘It’s been amazing’: new Gonzaga-UW health sciences building nearing completion in spring
Progress can be seen heading north over the Hamilton Street Bridge towards Gonzaga University. The new medical education, health sciences and innovation building for Gonzaga and the University of Washington Faculty of Medicine is taking shape at the corner of Hamilton and Spokane Falls Boulevard. Construction on the four-story, 86,733-square-foot …
Read More »Texas Justice System Fails ‘Ethics 101’ in Death Penalty Case, Lawyer Says
A Texas man who has been on death row since 2003 had his conviction overturned on Wednesday due to newly uncovered evidence that the county attorney who prosecuted him was also working for the judge, effectively serving as both accuser and a decision maker in a capital murder case. Former …
Read More »Studying Alcohol Culture Fuels Open Doors | Business
TRAVERSE CITY – The long-awaited draft strategic plan for a healthier drinking culture sparked extensive discussions at the Traverse City Downtown Development Authority meeting. The DDA was the first to preview the plan at its monthly meeting on Friday morning, and the 19-page document sparked much discussion, especially as two …
Read More »Elderly Lawyers Specialize in Helping Seniors with Aging Problems
Support local journalism. An unlimited digital subscription to floridatoday.com costs just $ 1 for 6 months. Click here and subscribe today. Q: Do I really need an elder law lawyer? A: Excellent question! Before I became a social worker, I thought that a lawyer was like any other. But by …
Read More »Well-Known Queens Personal Injury Lawyer Keetick L. Sanchez Gets Another Outstanding Testimonial
Queens, New York – Keetick L. Sanchez, Esq., Founder of KL Sanchez Law Office PC, has dedicated her career to helping those who may need experienced legal assistance. She provides the people she represents with legal information and solutions, to ensure her clients understand their rights and options. Additionally, she …
Read More »What to look for in a rental agreement
Sawmill Condominiums are pictured May 15, 2020 in Breckenridge. Townhomes are one of the many complexes that allow for short term rentals in Summit County.Photo by Liz Copan / Archives Summit Daily News Editor’s Note: This story has been updated to correct Ciancio’s spelling in the Ciancio Ciancio Brown law …
Read More »Kentucky governor suffers legal defeat in fight against Covid surge
The order could significantly alter the state’s response to the pandemic at a time when virus cases and hospitalizations have increased due to the highly contagious delta variant. The governor’s office quickly warned of the impact. The Supreme Court order will dissolve the state of emergency related to the Kentucky …
Read More »Kiwoom Securities: 2Q21 Review: Robust Brokerage; IB growing
The author is a KB Securities analyst. He can be contacted at [email protected] – Ed. Maintain BUY, target price of KRW175,000 We are maintaining BUY and our TP of KRW175,000 for Kiwoom. 2Q21 NP (attributable to controlling interests) reached KRW 220.8 billion, beating market consensus and our estimate by 17.6% …
Read More »Boyd & Boyd Law Firms, PC Provide Compassionate Lawyer Services For Seniors In Hyannis, Massachusetts
Hyannis, MA – Boyd & Boyd, PC law firms are distinguished by their estate planning services and client-centered approach to legal matters. Besides estate law, they also focus on personal property trusts, estate administration, estate trust IRA, and trustee administration. Other areas of practice include tax law, estate and gift …
Read More »Ogden Seeks to Join Other Area Agencies in New Business Funding Effort | Business
OGDEN – Ogden City is looking to partner with four other government entities in northern Utah to create a fund that would be used to support promising new businesses in the area. Ogden City Council will soon vote on a proposal from the Ogden administration that would allow the city …
Read More »City manager, legal positions discussed by the council
By VERNON ROBISON Progress Mesquite City Council heard agenda items looking at how council should proceed to fill the two main administrative positions for city staff at a meeting on Tuesday, July 13. In two separate items, Council approved a more extensive contract with Acting City Manager Andy Barton and …
Read More »City prosecutor rejects request from outside law firm in SDG & E franchise lawsuit
City attorney Mara Elliott did an about-face by hiring an international law firm to handle the franchise contract issues. Photo by Chris Stone San Diego city attorney’s office halted efforts to hire multinational Dentons law firm up to $ 250,000 to defend the city’s utility franchise agreements with SDG & …
Read More »California court overturns part of law to protect gay seniors | California News
By DON THOMPSON, Associated Press SACRAMENTO, Calif. (AP) – Gay rights advocates said Monday they would seek to challenge an appeals court ruling dismissing part of a California law designed to protect older LGBTQ residents in nursing homes nurses. The 2017 law aims to protect against discrimination or ill-treatment based …
Read More »For the best legal duo #MeToo, a year of pandemic does not bring a break
She had just turned her life upside down by going public with allegations of sexual harassment against New York Governor Andrew Cuomo. And Charlotte Bennett, former assistant to the governor, realized this Saturday evening in February that she had no plan for the future. She was 25 and had never …
Read More »Security – TheStreet – California News Times
Financial securities are valuable and can be bought, sold and traded. Austin Distel via Unsplash; Canvas What is security? At a basic level, a security is a valuable asset or financial instrument that can be bought, sold or traded. The most common examples of securities are stocks, bonds, options, stocks …
Read More »Don’t overlook tax considerations when selling your business – Taxation
When the COVID-19 pandemic first struck, economic uncertainty prompted many business owners who were considering a sale – as well as many potential buyers – to put their plans on hold. Now that there is some light at the end of the pandemic tunnel, interest in buying and selling businesses …
Read More »Considerations for Healthcare Employers Under the Iowa Vaccine Passport Act and Recent CDC, CMS, and EEOC Guidelines Dorsey & Whitney LLP
One of the last pieces of legislation the Iowa legislature sent to Governor Kim Reynolds’ office for a guaranteed signature was a bill to ban passports for vaccines in Iowa. Internal Case 889 contains several prohibitions regarding investigations into a person’s COVID-19 vaccine status. For entities that contract with the …
Read More »Attorney General Tong says Fair Investment Fund would not survive court challenge
Connecticut Attorney General William Tong issued a formal notice claiming that the Connecticut Equitable Investment Fund proposed by Democrats on the Finance, Income and Surety Committee “does not have the standards and limits required to survive and survive a separation of powers challenge.” The Fair Investment Fund was widely rejected …
Read More »Solar Energy Law, a step in the right direction | Editorials
Solar power supporters are encouraged by recent steps West Virginia has taken to include more renewable energy sources, but there’s still a long way to go. With the passage of Bill 3310 by the Legislature, the state opened the door a little wider to solar power. The law allows for …
Read More »Law Firm Deregulation Programs Gain Speed in Utah, Arizona
Efforts to allow non-lawyers to own law firms in Arizona and Utah are gaining momentum, as participating companies say it’s inevitable that more states will follow similar paths. Utah’s regulatory âsandboxâ and Arizona’s âalternative business structuresâ program are being watched closely by the nation’s largest law firms like Snell & …
Read More »West Hartford City Council Appoints Diverse Civilian Police Review Board – We-Ha
The names of the members of the West Hartford Civilian Police Review Board were announced at the city council meeting on Tuesday evening and the appointments were formally approved. By Ronni Newton West Hartford City Council unanimously passed an ordinance establishing a Civilian Police Review Board (CCRP) in February, and …
Read More »Growing Efforts to Establish Electric Vehicle Charging Infrastructure Networks Raise Many Legal Issues | Clark Hill PLC
Utilities in the Midwest, Great Plains and Southeastern states continue to signal their intention to build networks of charging stations for electric vehicles (“EV”) in their respective service territories. In some areas, these efforts have already started to take shape, such as the PowerMIDrive Energy Consumers program established in a …
Read More »RMB Capital Proposes Nippon Columbia Spinoff and Other Steps to Increase Value at Faith Ltd.
CHICAGO–(BUSINESS WIRE) – RMB Capital (âRMBâ), an independent Chicago-based investment advisory firm, is a long-term shareholder of Faith Ltd. (4295 JP, “Faith”) and owns approximately 10% of the total outstanding shares of the company. RMB has filed shareholder proposals for the 29th annual general meeting of shareholders in Faith, scheduled …
Read More »Pro Music Rights, Spotify officially settles years of legal battle
In late March, Digital Music News was the first to report that Spotify had settled the billion-dollar copyright infringement lawsuit brought against it by independent label Sosa Entertainment and performing rights organization Pro. Music Rights. Now the court has officially concluded the settlement. The underlying legal showdown began in November …
Read More »Florida Nursing Homes and COVID-19 Lawsuits: Do They Deserve Immunity?
Second of two parts. Nursing homes and rehabilitation centers cater for a very vulnerable population, and resident deaths are common. Institutions regularly face lawsuits for negligence. According to legal experts, the customary standard is based on what another person or staff member would reasonably do in similar circumstances to provide …
Read More »AMC Theaters Could Benefit From Bankruptcy Suggestions From Box Office Analysts
It’s no secret that 2020 has been terrible for movie theaters. AMC Theaters, the largest chain in the United States, has been on the verge of bankruptcy for months as the box office remains minimal. But, according to several analysts, the bankruptcy could prove beneficial for the company in the …
Read More »Calgary International Airport falls under the weight of $2.9 billion in debt
Breadcrumb Links Local company Business The project has made YYC one of the most indebted airports in Canada Publication date : Jul 09, 2020 • July 9, 2020 • 5 minute read • 21 comments The international terminal at Calgary International Airport was nearly deserted amid the COVID-19 pandemic on …
Read More »The Family Farmer Assistance Act of 2019: Will raising the debt limit lead to increased Chapter 12 filings? | Bradley Arant Boult Cummings LLP
The United States Senate passed the “Support for Family Farmers Act 2019(HR 2336), which significantly increases the debt limit for agricultural producers seeking relief under Chapter 12 of the United States Bankruptcy Code. The bipartisan legislation, which passed the U.S. House of Representatives in June and is expected to be …
Read More »Do the Bankruptcy Figures Show the Overall Picture of the Farm Economy? | 2019-03-05 | Agri Pulse
Chapter 12 farm bankruptcies have reached heights not seen in a decade in some states, sparking alarms as some wonder if the farm economy could be heading for a crisis similar to the one that occurred in the 1980s. A closer look at the numbers tells a different story. Farm …
Read More »Seadrill files for bankruptcy protection again
Offshore drilling rig contractor Seadrill has filed for bankruptcy in a court in the US state of Texas, it said on Wednesday, the second time in four years that the company has started a so-called Chapter 11 restructuring. The Oslo-listed group controlled by Norwegian-born billionaire John Fredriksen went back to …
Read More »J Crew goes bankrupt, weighed down by $2 billion in debt
American fashion retail icon J Crew has collapsed under the weight of $2 billion in debt and with all 492 stores closed due to the Covid-19 outbreak. The company, founded in 1947, entered Chapter 11 bankruptcy protection this week, allowing it to restructure its debt and business operations to survive …
Read More »VIVUS Announces Updated Agreement with Icahn Enterprises
CAMPBELL, Calif., June 02, 2020 (GLOBE NEWSWIRE) — VIVUS, Inc. (Nasdaq: VVUS; the “Company”), a biopharmaceutical company, today announced that it has updated its debt agreement with Icahn Enterprises Holdings LP (dba IEH Biopharma LLC), which holds approximately $170.2 million principal amount of the Company’s senior convertible debentures. Under the …
Read More »Student Loans and Bankruptcy: What You Need to Know | Put away student loans
You may have heard somewhere that student loans cannot be discharged in bankruptcy, but that’s a myth. While very difficult to do, it is possible, and you might consider going this route if you’ve exhausted all other options and meet the discharge criteria. Here’s what to know if you’re wondering …
Read More »Cities and counties face fiscal challenges in pandemic era – American City and County
Even before widespread recognition that the coronavirus pandemic is likely to wreak economic havoc on national and global economies, many cities and counties across the country faced significant financial challenges. Some of these pre-existing problems included: insufficient liquidity; excessive debt burden; insufficient reserves; declining income; and the unsustainable pension and …
Read More »Ruby Tuesday closes 185 restaurants due to COVID-19 challenges
Look: Inside the last St. Kilda Breakfast; bakery; and the farm-to-table restaurant is the fourth location in the St. Kilda dining lineup, which opens June 4. Register of Monks Hampered by the pandemic and facing the same long-term challenges as other casual restaurant chains, Ruby Tuesday filed for Chapter 11 …
Read More »Latam Airlines seeks bankruptcy protection as travel crashes
Latam Airlines, South America’s Largest Carrier, Calls on the United States for Bankruptcy Protection Amid Sharp Drop in Air Travel Caused by Coronavirus Pandemic Through ADAM SCHRECK Associated Press May 26, 2020, 10:33 a.m. • 4 minutes to read Share on FacebookShare on twitterEmail this article BANGKOK – South America’s …
Read More »Intelsat files reorganization plan with support from key creditors groups
MCLEAN, Virginia – (COMMERCIAL THREAD) – Intelsat SA (OTC: INTEQ), operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure, today announced that it has secured major creditors’ support under the terms of a comprehensive financial restructuring that would cut debt by more than half – from …
Read More »Papenfuse sets goals for third term in Harrisburg mayoral race
Mayor Eric Papenfuse has officially launched his candidacy for a third term as mayor of Harrisburg, telling PennLIve in an interview on the May 18 primary filing date that he wanted a last term to complete what he believed to have been a successful embezzlement of the city’s debt. -past …
Read More »Border justice? Following April bankruptcy, telecoms hope new CEO and management will reverse their fortunes
When Frontier Communications filed for bankruptcy in April, the company described a perfect storm of missteps and market forces that led to years of declining fortunes for the Norwalk-based company. Burdened with debt from two major and problematic acquisitions, the cash-strapped telecommunications company let its fiber networks languish, as an …
Read More »Argentina and its creditors enter a new cycle
Argentina’s complex and difficult debt negotiations seem to be slowly heading towards a landing zone. On their current trajectory, however, these talks could undermine an achievement made only a few years ago – the advent of “enhanced collective action clauses”. This important innovation must be protected. In 2014, the international …
Read More »Supervisory board: the right deal for Puerto Rico is based on four principles
After another calamitous year, 2021 presents Puerto Rico’s opportunity to start afresh and complete one of its most important goals: debt restructuring. Before the COVID-19 crisis hit last March, the Supervisory and Financial Management Board of Puerto Rico, which is tasked with resolving the largest municipal bankruptcy in U.S. history …
Read More »Slowdown in U.S. corporate bankruptcies continues as COVID-19 recovery looms
U.S. corporate bankruptcies continued to slow in February as businesses struggling with old and new challenges hope to capitalize on a widely expected economic recovery in the second half of 2021. In February, 34 companies filed for bankruptcy protection, down from 46 in January and the 2020 single-month peak of …
Read More »Superior Energy Bankruptcy Package to Eliminate Debt and Improve Operational Flexibility
Houston-based oil services giant (OFS) Superior Energy Services Co. has initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of Texas to implement a draft plan to predefined restructuring. The company has announced its intention to file for bankruptcy in September. “Since the initial announcement …
Read More »Stung by low prices, an oasis, superior energy, everyone seeking bankruptcy protection to reduce their debt
Houston-based operators Oasis Petroleum Inc., a Lower 48 explorer, and oil services giant (OFS) Superior Energy Services filed for voluntary bankruptcy on Wednesday to restructure and reduce their sizable indebtedness. Oasis, whose exploration and production activities are focused on the Permian and Williston basins, has filed for voluntary Chapter 11 …
Read More »Alamo Drafthouse could not survive the pandemic
Alamo Drafthouse The cinema has done everything to overcome the COVID-19 pandemic. It laid off most of the employees, cut the wages of those who stayed, rented rooms for private events, suspended expensive development projects, relied on its merchandising business to continue generating income and launched an on-demand movie service. …
Read More »A look at DXP corporate debt
Over the past three months, the actions of DXP companies (NASDAQ: DXPE) rose 37.19%. Before we look at the importance of debt, let’s look at the amount of debt DXP Enterprises has. Debt of DXP Enterprises Based on DXP Enterprises’ balance sheet as of November 10, 2020, long-term debt stands …
Read More »GEUS to Help Pay ERCOT Bills, Considering Using Short-Term Funding to Clean Up Deficit | Local News
ERCOT, which manages the majority of the state of Texas electricity grid, faces billions in unpaid bills related to the February winter storm and GEUS, Greenville’s electricity distribution system, is bearing part of the deficit. GEUS ‘board of directors held a public hearing Thursday evening, in which chief executive Alicia …
Read More »God, Puerto Rico and the Bankruptcy Law
A protester waves a Puerto Rican flag outside the Capitol in San Juan, Puerto Rico, Jan.20, 2020. Photo: Xavier Garcia / Bloomberg News On Monday, Puerto Rico’s supervisory board filed a proposal to restructure the island’s $ 35 billion debt and $ 50 billion in unfunded pension bonds. As chairman …
Read More »New York court approves Windstream’s bankruptcy plan
A New York court on Thursday, June 25, approved Windstream Holdings Inc.’s Chapter 11 bankruptcy plan. The move is expected to allow Little Rock-based Windstream to emerge from bankruptcy as a private company in late August, the report said. society. The U.S. Southern District of New York bankruptcy court upheld …
Read More »North Carolina-based Belk to File Chapter 11 Bankruptcy, Plans to Stay Open
CHARLOTTE, NC (FOX 46 CHARLOTTE) – Belk, a Charlotte-based retail chain, will file for Chapter 11 bankruptcy, according to majority owner Sycamore Partners. Belk will continue to operate normally under the majority control of Sycamore Partners, a private equity firm, as well as holders of over 75% of its senior …
Read More »Shale pioneer Chesapeake Energy declares bankruptcy
Through David French, Rama venkat NEW YORK (Reuters) – Chesapeake Energy Corp CHK.N filed Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed in the face of heavy debt and the impact of the coronavirus in energy …
Read More »The iconic Fairmont San Jose hotel is temporarily closing; Goes Chapter 11 Bankruptcy – CBS San Francisco
SAN JOSE (CBS SF / BCN) – The devastating financial impact of the year-long COVID-19 pandemic has made another prominent activity in the Bay Area – the famous Fairmont hotel in San Jose has temporarily closed while its parent company goes into Chapter 11 bankruptcy. FMT SJ LLC, operator of …
Read More »How Ascena went bankrupt | Retail diving
Ann Taylor and Lane Bryant owner Ascena last year pushed back on the concept that he was on the verge of bankruptcy – his interim board chief in October stressed his “iconic big brands and a company with significant cash “- and he dubbed on it as recently as March. …
Read More »Cloud Gaming takes another hit
Cloud gaming is fraught with pitfalls. Not only does it cost a lot of money to get started, but you also need to find the parts necessary to support the growth if people are to use the service, and that is even if you find the people for the service. …
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