Latest News for: Bankrupt company


Banned roofers sentenced after illegally running company

The Business Desk 18 May 2021
Two Cumbrian roofers, one already banned from running a company, have been sentenced for illegally running a company ... In October 2010, however, Kevin Musson was banned from being a director for 10 years after he was caught illegally running another company, Cumbria Roofing BM Ltd, while bankrupt.

Private equity firms risk losing key advantage in legal scrapes

New York Post 16 May 2021
In one dispute, ex-executives at freight-management company Ceva Logistics allege that partners at private-equity giant Apollo Global Management encouraged them to buy bigger stakes in Ceva, but then bilked them out of their shares in a complex debt-for-equity swap as the company went bankrupt.

Ask the Fool: The Fed explained

Post Bulletin 15 May 2021
It's a good idea to read the letters from CEOs of the companies in which you're invested ... Various studies, such as those by Rittenhouse Rankings, have linked candid CEO letters with companies that outperform ... Name that company ... I bought and sold many companies and then went bankrupt in 1913, but reorganized and survived.

For the record: Clarence Avant's path to the rock Hall of Fame started in Greensboro

News & Record 15 May 2021
Nancy McLaughlin ... Still. nnn ... Avant launched careers, but also, as is told in the film, helped companies like MCA segue into the Black music business ... The record company was one of several business ventures that didn’t end well, leaving him bankrupt ... Avant started a more successful company, Tabu Records, in 1976 and later chaired Motown Records in 1993.

Auto review: The 2021 Aston Martin Vantage Roadster drives as good as it looks

Marietta Daily Journal 14 May 2021
Does Aston Martin have more lives than a cat? It’s a company that nearly went bankrupt for the eighth time in 2020, but didn’t, thanks to a restructuring and a cash infusion by both Canadian billionaire Lawrence Stroll and Daimler ... .

How fortune tellers became go-to people for business tycoons

Korea Times 14 May 2021
Following the advice of a famous physiognomist called Baek Un-san, Chung managed to pull off a dramatic career transition from a poorly paid, low-ranking tax official to the founder and chairman of the construction company that was once the nation's 14th-largest business before it went bankrupt in 1997.

Financing recovery and growth

Open Access Government 14 May 2021
The creation of new firms and the expansion of the best companies on world markets requires resources that are released by the downsizing of old industries with low productivity ... Wages and career prospects are not good when employees are locked up in companies that are no longer competitive.

While pandemic loomed, Kirkland & Ellis boomed

Chicago Business 14 May 2021
Funds buy and sell companies. Some go public, others go bankrupt ... A further tailwind is the explosion of private firms going public through SPACs, or already-listed special purpose acquisition companies ... work with Texas-based companies than the next two firms combined, it says.

Katie Price's fans celebrate her 'au naturel' look and declare she looks so much 'younger' ...

The Daily Mail 14 May 2021
Previous 1 Next ... Katie Price and... 'After being declared bankrupt she cannot afford such lavish treats for herself!. 'Katie has been showered with offers from well wishers and companies for gifting, offers of beauty treatments for her big day and for that she returns the favour by promoting the businesses, as is typical of those in the public eye.' ... .

Hertz investors snag $8 a share in surprise bankruptcy win

New York Post 13 May 2021
Judge blasts bankrupt Hertz’s ‘offensive’ plan to pay big bonuses. Small investors who were mocked last year for driving up shares of bankrupt car rental company Hertz scored a surprising victory on Wednesday when the company was bought at auction for as much as $8 a share.

Electric-Car Maker Zotye Loses Potential Rescue Investor

Caixin Online 13 May 2021
Abnormal stock moves fueled by speculators involving a bankrupt Chinese electric-car maker scared away an investor that could have helped with the company’s restructuring ... The Shenzhen Stock Exchange issued several letters to the company requesting more information on its financial statements and its agreement with Shanghai Zhiyang.

Regenerative agriculture can make farmers stewards of the land again

Hastings Tribune 13 May 2021
Under these conditions small farms consolidated into large ones as families went bankrupt – a trend that continues today. At the same time, agribusiness companies began marketing new machines and agrochemicals ... Even big food companies like General Mills are embracing regenerative agriculture.

CEO pay schemes targeted by stockholders, judges, unions

The McDonough County Voice 13 May 2021
Toys “R” Us Chief Executive David Brandon got $2.8 million as part of a deal for top executives, according to the Wall Street Journal, which noted that the trend of execs taking bonuses right before companies go bankrupt – leaving creditors and workers up in the air – has happened with other corporations such as J.C.

Dear UK, I’m your chilled-out Greensill guardian angel. Love, DC

The Observer 13 May 2021
Rather he was just a guardian angel who understood how fintech companies, such as Greensill, could help the country through the economic shock of the pandemic, and saw it as his mission to pass on the good news to the government ... Nor was it his fault that Greensill had gone bankrupt.

7 High Return, Low Risk Investments for Retirees

Yahoo Daily News 13 May 2021
In the pecking order of who gets paid if a company goes bankrupt, preferred shareholders have priority before common stockholders but after bondholders. As long as a company stays financially healthy, this extra risk means bigger payouts to holders of preferred stock ... Annuities are investment contracts between you and an insurance company.