Latest News for: Bankrupt company

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Museum News

Messenger-Inquirer 06 Oct 2022
It seems that some poor business decisions, as well as some unfortunate occurrences, caused this canning company to go bankrupt ... Consequently, it’s not surprising that six years later, those farmers not paid for their tomatoes from the bankrupt company were not on board to grow cucumbers for a pickle factory — and such a factory never materialized.
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Finland Blocks Helsinki Shipyard's Russian Icebreaker Project

The Maritime Executive 06 Oct 2022
The company is Russian-owned and has deep business ties to Russian shipping, with several of the shipyard’s current projects having direct or indirect links to Russia. Last month the company was forced to deny reports that one of its suppliers was pushing for the shipyard to be declared bankrupt, dismissing the reports as a minor dispute ... ....
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Suspended sentence for bankrupt who acted as company director

The Business Desk 05 Oct 2022
A Lincolnshire businessman who continued to manage his company whilst bankrupt has been sentenced to a 20-month suspended sentence and 200 hours of community service ...Daniel Patchett was fully aware both of his responsibility not to act as a director of a limited company given he ...
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By The Numbers: Crypto Winter Mergers And Acquisitions

Bitcoinist 05 Oct 2022
Instead of backing off and taking a breather, crypto exchanges have taken to this market as an opportunity to acquire companies at a discount ... This is seen in FTX’s latest acquisitions and reported interests in buying up crypto companies ... It doesn’t stop here, as the company is said to be eyeing the assets of another bankrupt lender, Celsius Network.
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Court upholds Minnesota DNR’s termination of company’s Iron Range leases

Pioneer Press 05 Oct 2022
The three-judge panel backed a judge’s January decision that also upheld the DNR’s decision but was appealed by the company ... While Essar walked away from the bankrupt project in 2015, leaving behind $1 billion in debt, the company reentered the picture after settling some $260 million of debt.
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What Is an Initial Public Offering (IPO)? Why Do Companies Go Public?

The Citizens 05 Oct 2022
A privately owned company transitions to a publicly traded company through an IPO ... As a business evolves, a privately held company might decide to transition into a publicly owned entity. This transition can happen to a business at any stage of its life cycle, whether it’s a brand-new startup or a company that has been around for generations.
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Asian economies are in trouble but a 1997-style crisis is unlikely

The Citizens 05 Oct 2022
A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the core. Now, the ghost of 1997 is haunting the region again ... Japan, the world's third biggest economy, has fared even worse ... The chaos led to a deep recession in the region, bankrupting companies and toppling governments ... Scrambled to intervene ... .
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Why Democrats Have a Good Shot at North Carolina’s Open Senate Seat

Vanity Fair 05 Oct 2022
A new Beasley ad highlights reporting from The Washington Post last year on the 2000 bankruptcy of AgriBioTech, in which the company initially repaid a $10 million loan to the Budd family shortly before going bankrupt (though the Budd family later agreed to pay back $6 million in ...
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What Is a Market Bubble? Examples, Indicators & Takeaways

Henry Herald 05 Oct 2022
What Is a Market Bubble?. Bubbles may seem harmless, but they can wreak havoc on financial markets. DanaTentis from Pixabay; Canva ... Recommended for you. +15. PHOTOS ... Click for more ... technology companies in the 1990s ... When earnings were reported, these tech companies had fallen short of their mark, and their stocks crashed, leaving many bankrupt ... .
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IBBI streamlines norms to aid insolvency professional entities | Mint

Live Mint 04 Oct 2022
... the task of administering sick companies ... The regulator considers that a mix of investors buying different parts of a bankrupt company is better than a single investor picking up the company as a whole as different investors may find individual units more strategically fitting.
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Celsius co-founder Daniel Leon steps down: Bloomberg

The Block 04 Oct 2022
Leon’s departure followed the resignation of former Celsius CEO Alex Mashinsky, who left the company in late September. Mashinky stepped down when the company’s creditor committee called for his ...
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Another Celsius Exec Is Out as Auction Looms

Crypto Briefing 04 Oct 2022
Celsius executive S. Daniel Leon has resigned as the bankrupt company prepares to auction off its assets. Strategy Chief Leaves Celsius Another Celsius executive is leaving the company. According to ....
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Google settles lawsuit alleging violation of Illinois’ biometric laws

News-Press Now 04 Oct 2022
(The Center Square) – An attorney for a nonprofit organization that defends civil liberties in the digital world says Illinois' biometric privacy laws are changing the way some companies conduct business ... BIPA came about due to concerns over data collected by a bankrupt fingerprint-scanning company.
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Appeals court upholds Mesabi Metallics lease termination

Post Bulletin 04 Oct 2022
Paul that also upheld the DNR's decision but was appealed by the company ... While Essar walked away from the bankrupt project in 2015, leaving behind $1 billion in debt, the company reentered the picture after settling some $260 million of debt. Mesabi Metallics' news release on Monday identified Essar Global as its "parent company.".
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Former Edenville Dam owner crafted ‘misleading and false narrative,’ court says

Michigan Live 04 Oct 2022
MLive reported that Mueller co-owned Boyce Hydro, a bankrupt company that formerly operated the dam, and was assessed a $15 million fine after the structure’s failure ... The AG’s office alleges that Boyce new of the deficiencies when the company purchased the dam in 2004 and that ...

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