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.... . The company has gone bankrupt seven times in its history. ... [Read full article on BBC ]
Wednesday 24th of May 2017 03:56:30 PM
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. The chair of the bank that almost bankrupted Ireland has walked free from a Dublin court after being acquitted of misleading auditors about multimillion-euro loans. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 03:35:57 PM
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Latest Finance News related to Bankrupt

Aston Martin roars back into profit for the first quarter image
Source : BBC [Read Article] Wednesday 24th of May 2017 03:56:30 PM
.... . The company has gone bankrupt seven times in its history. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
. The chair of the bank that almost bankrupted Ireland has walked free from a Dublin court after being acquitted of misleading auditors about multimillion-euro loans. ...
Sean FitzPatrick cleared as Anglo Irish trial collapses image
Source : BBC [Read Article] Tuesday 23rd of May 2017 01:04:32 PM
....4bn). He was declared bankrupt in 2010. ...
Dementia news: The medical and financial benefits of power of attorney image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:01:00 AM
.... . “Attorneys must be over 18 and must not be bankrupt. ...
Troubled Toshiba misses annual results deadline image
Source : BBC [Read Article] Monday 15th of May 2017 04:54:42 AM
....Problems came to a head again in January this year, when it became clear its US nuclear unit, Westinghouse, was in financial trouble. Westinghouse was put into Chapter 11 bankruptcy in March, which protects it from creditors while it undergoes restructuring. ...
Hanging up the microphone image
Source : BBC [Read Article] Sunday 7th of May 2017 11:23:22 PM
....Within five years it had more than 400 restaurants across the US, Canada, the Middle East and Asia, and was so well-known in the US that it was even the central focus of one episode of hit comedy show Seinfeld. However, the chain had over-expanded, and in 1998 had to file for bankruptcy protection. ...
UK tourists hit by booking scams up by nearly a fifth image
Source : BBC [Read Article] Sunday 7th of May 2017 11:47:58 AM
....More than a quarter of those affected said the scams had a significant impact on their health or finances. About 260 people said they needed medical treatment as a result, or were at risk of bankruptcy, according to Action Fraud, the UK's national fraud and cyber crime reporting centre. ...
Breaking brands image
Source : BBC [Read Article] Saturday 6th of May 2017 11:46:31 PM
....At least Theranos is still in existence, not so the US media and celebrity news website Gawker. It filed for bankruptcy protection last year to avoid paying damages having lost a $140m lawsuit brought by former wrestler Hulk Hogan, after it published a video of him having sex with the wife of a friend. ...
Will your travel insurance cover you if an airline goes out of business? image
....Travellers booking expensive flights for later in the year have been warned that too many insurers are still failing to offer scheduled airline failure (SAF) cover. Earlier this week the Italian airline Alitalia started bankruptcy proceedings, and while it continues to operate, the news it has entered administration has prompted a renewed focus on how many travellers are covered if the worst happens. ...
Retail Acquisitions, which bought BHS for £1, heads for liquidation image
Source : Guardian [Read Article] Thursday 4th of May 2017 12:17:13 PM
....Retail Acquisitions, the former owner of the collapsed BHS, is on the point of liquidation, potentially helping investigations into the demise of the department store chain. The group, which bought BHS for £1 in 2015 and was fronted by former bankrupt Dominic Chappell, has been accused of extracting an estimated £17m from BHS despite owning it for just 13 months before it went into administration in 2016. ...
'My parents want to help me but can't': readers on affording their first home image
....Charlotte, 19, Northampton: I can see how much it hurts my parents knowing they cannot help. I can’t ask my parents for help as neither have any savings after they experienced health problems and bankruptcy. ...
Alitalia's flight path to bankruptcy image
Source : BBC [Read Article] Tuesday 2nd of May 2017 03:59:51 PM
...
Related to :
Italy's ​Alitalia to enter administration after staff reject rescue deal image
.... Flight schedules will continue unchanged in the meantime. It has ruled out renationalising Alitalia, which was privatised and relaunched in 2008 after filing for bankruptcy protection earlier that year. ...
Alarm sounded over delays to develop UK mini nuclear reactors image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 10:58:50 AM
....The company is competing with Chinese state firm CNNC, US firm NuScale and the US-Japanese partnership GE-Hitachi. Toshiba’s US nuclear arm Westinghouse was also among the bidders but is now unlikely to proceed after filing for bankruptcy in March. ...
Bankruptcy risk as ‘desperate’ councils play the property market image
Source : Guardian [Read Article] Saturday 29th of April 2017 10:10:17 PM
.... One option – popular in the last couple of years – has been to borrow from the Treasury-run Public Works Loan Board (PWLB) at very low rates of interest and then use the money to invest in commercial property ventures that offer returns of as much as 8%. But there are fears that the strategy is creating a bubble that could bankrupt some local authorities. ...
Personal insolvencies soar to highest level in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 02:34:07 PM
....”. At 59%, individual voluntary arrangements accounted for the majority of personal insolvencies in the first quarter, while debt relief orders made up a further 25% and bankruptcies accounted for 16%. ...
General Motors loses Supreme Court appeal over car faults image
Source : BBC [Read Article] Monday 24th of April 2017 09:06:53 PM
....General Motors has lost a legal bid aimed at protecting it from lawsuits over faulty ignition switches. The US Supreme Court, the top US court, will not hear the carmaker's appeal, which argued that its 2009 bankruptcy protected it from the claims. ...
Sir Philip Green could still lose knighthood, says MP image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:54:50 PM
....The billionaire boss of Arcadia, notorious for his superyachts and lavish parties, made a voluntary personal cash payment of £343m towards improved benefits to the pension scheme members, and made available an additional £20m towards implementation costs. It came after the Topshop owner was grilled by MPs over the sale of the chain, which he owned for 15 years before offloading it for £1 to the former bankrupt Dominic Chappell in 2015. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Trump may have fronted the announcement of an investigation into whether foreign imports of steel compromise US national security, but for Ross the ruinous impact of cheap imports is a wound that he has struggled to close for almost two decades. It was in the early 2000s that the former bankruptcy specialist made his most notable coup, bringing together LTV Steel, Acme Steel and Bethlehem Steel under the name International Steel Group. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
Dortmund attack: man arrested on suspicion of share-dealing plot image
Source : Guardian [Read Article] Friday 21st of April 2017 04:36:02 PM
....The German interior minister, Thomas de Maizière, on Friday described the attack as “driven by a particularly abominable form of greed”. Borussia Dortmund, whose club name references the New Latin word for Prussia, became the first German football to float on the stock market in 2001 – an experiment that brought the club to the brink of bankruptcy. ...
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Sports Direct has drawn fire from analysts after it entered the US market by buying two loss-making chains for $101m (£78m). The retailer said on Friday it had received approval from Delaware bankruptcy court to buy 50 stores trading as Bob’s Stores and Eastern Mountain Sports through the bankruptcy process of Eastern Outfitters, the chains’ parent company. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
.... . Nicholas Hyett, equity analyst, Hargreaves Lansdown said Sports Direct had picked up a "bargain out of bankruptcy proceedings". ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
.... Under Wright’s leadership, the committee has done what it’s supposed to do: selected a few juicy bones and chewed for all it’s worth. The grubby tale of Green’s sale of BHS to a thrice-bankrupt retailing novice was illuminated when the business committee, alongside Frank Field’s work and pensions committee, summoned the main players and called for documentary evidence. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
.... This is a better outcome than if the BHS pension scheme had entered the Pension Protection Fund, a lifeboat for failed pension schemes, where workers would have received an estimated 75% to 79%. The 88-year-old retailer failed when it ran out of money a year after it was sold by Sir Philip Green to the serial bankrupt Dominic Chappell for £1. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
....BHS went into administration on 25 April 2016 with the loss of 11,000 jobs. The 88-year-old retailer failed when it ran out of money a year after it was sold by Sir Philip Green to the serial bankrupt Dominic Chappell for £1. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
....Want more proof of zombies? Not a single publicly-listed Japanese firm went bust last year. In fact, overall bankruptcies have fallen for eight years in a row. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
....Rebel Brewing was bought out of administration and is up and running again, but Lowe is not involved. Another brewer, who asked not to be named, fears he will end up in bankruptcy court after his business failed, causing friction with family and friends. ...
Toshiba's US nuclear problems could provide cautionary tale for UK image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....Construction work on the units has run hugely over budget and over schedule, casting a shadow over two of the biggest new nuclear power station projects in the US for years. Events came to a head last month when Westinghouse was forced to file for bankruptcy protection to limit Toshiba’s losses. ...
BHS workers share £1m payout over failed redundancy process image
Source : Guardian [Read Article] Friday 14th of April 2017 06:59:27 AM
....When BHS collapsed into administration a year ago, with the loss of 11,000 job losses, it was the biggest high-street failure since that of Woolworths, which went into administration in 2008. The retailer had been owned by Sir Philip Green for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015. ...
Toshiba warns over its survival as it forecasts £7bn losses image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:36:52 PM
....Toshiba, one of the biggest names in consumer electronics, has warned it is facing annual losses of more than £7bn and the future of the company is in doubt as a result of financial turmoil at its nuclear power plant construction business. The Japanese company finally released third quarter results, after twice delaying publication while auditors attempted to quantify the scale of the problems at Toshiba’s US nuclear engineering subsidiary Westinghouse, which filed for bankruptcy last month. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....Amanda Milling, a Conservative member of the Commons business, energy and industrial strategy select committee, said Labour’s pledge to borrow to invest £500bn would “crash the economy, just like they did last time”. In remarks on Tuesday that anticipated some of the criticism, Corbyn said: “The prime minister frequently accuses me of wanting to bankrupt Britain by borrowing money to fund investment. ...
Toshiba files unaudited results and says future is in doubt image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:33:57 AM
....Its problems came to a head again in January this year, when it became clear its US nuclear unit, Westinghouse, was in financial trouble. Westinghouse was put into Chapter 11 bankruptcy in March, which protects it from creditors while it undergoes restructuring. ...
The Crusader: Trader falls victim to debt collector trying to get back money owed image
....”. A legal expert Crusader asked to look at Falcon’s proposed recovery schedule, with references to a “statutory demand for bankruptcy”, dismissed it as “not making sense”. ...
Toshiba may sell chip business to Foxconn for $27bn image
Source : BBC [Read Article] Monday 10th of April 2017 03:59:36 PM
....Such a large offer from Foxconn would put pressure on Japan's government as Toshiba is seen as a key national asset. The Japanese firm needs to raise funds after its US nuclear unit, Westinghouse, filed for bankruptcy protection last month. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
....5m jobs. That’s a high price to pay, especially since not all the bankruptcies would be zombie companies. ...
Greek gloom as economy stalls amid latest bout of EU wrangling image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
. Eight years into Greece’s ordeal to escape bankruptcy, thousands of Communist party sympathisers packed into Syntagma Square in Athens on Friday to protest at the latest concessions made by Alexis Tsipras’s leftist government to keep the country afloat. ...
UK's Moorside nuclear project in turmoil as Toshiba's French partner backs out image
....Toshiba has been forced to buy out the French utility Engie from a project to build three nuclear reactors in Moorside, northwest England, further straining the Japanese company’s finances and adding to uncertainty over the project. Engie said on Tuesday it was exercising its right to sell its 40% stake in the NuGen venture to Toshiba following the bankruptcy of the Japanese firm’s Westinghouse nuclear power plant business. ...
Toshiba forced to buy 40% of UK's NuGen image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:16:02 PM
....The French utility company Engie said it was exercising its "contractual rights" to sell its shares because NuGen was "facing some significant challenges". Last week, Toshiba's Westinghouse in the US, which was to build the plant's reactors, sought bankruptcy protection. ...
Bombardier defers executive salary rises amid outcry image
Source : BBC [Read Article] Monday 3rd of April 2017 05:32:16 PM
....Quebec's government agreed to a CA$1. 34bn ($1bn; £800m) bailout in 2016, a year after it teetered on the edge of bankruptcy. ...
Sir Philip 'favoured' Arcadia pension schemes over BHS image
Source : BBC [Read Article] Sunday 2nd of April 2017 07:20:55 PM
....Sir Philip owned BHS for 15 years before selling it in March 2015. It was bought for £1 by Dominic Chappell, a former bankrupt with little experience in retailing, and went into administration a year later. ...
How Karen Millen lost the battle for her name – and her fortune image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... With 400 outlets spread across 65 countries, there is even a store that bears the Kent-born designer’s name in Mongolia. But last week Karen Millen, the woman, became famous all over again for the wrong reasons, after suffering the humiliation of being declared bankrupt over an unpaid tax bill. ...
Arcadia plan sees pension woe pile up for Philip Green image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....5m a year from 2019. The deal was struck soon after Green agreed to pay £363m to resolve the pension deficit at BHS, which fell into administration about a year after it was sold to a group led by a former bankrupt for £1. ...
Toshiba shareholders angry as chip unit sale approved image
Source : BBC [Read Article] Thursday 30th of March 2017 07:41:02 AM
....Toshiba's management has come under fierce criticism from shareholders, despite investors approving plans to sell its valuable memory chip unit. The company needs money to plug a gaping hole at its US nuclear unit Westinghouse, which filed for bankruptcy protection on Wednesday. ...
Toshiba's Westinghouse files for US bankruptcy image
Source : BBC [Read Article] Wednesday 29th of March 2017 07:15:32 AM
UK nuclear plans could be hit by Westinghouse financial crisis image
Source : Guardian [Read Article] Tuesday 28th of March 2017 06:47:55 PM
....A financial crisis at a major nuclear energy business is threatening to deal a blow to the UK’s atomic energy programme. Toshiba’s US nuclear subsidiary Westinghouse Electric is believed to be on the brink of filing in the US for bankruptcy protection from creditors. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
....“When we talk about free trade, we have to remember that it is a utopian value,” says Sly, recalling past experiments with taking on the world’s lowest price that ended in the return of a degree of agricultural protection. Imperial Preference was a form of trade protection provided to farmers in the British Empire in the 1930s after unfettered free trade left lots of them bankrupt. ...
Sir Philip Green 'could get £15m refund from £363m BHS payout' image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:30:06 AM
....The collapse of BHS last year led to the loss of 11,000 jobs and left a £571m pension deficit. Green owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt with no retail experience, for just £1 in March 2015. ...
Netflix and Tesla overrated? Yes, in this mad, mad world image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:01:32 AM
.... It’s how Sun Edison, once a darling of the stock market, saw its share price soar from $1. 50 in 2012 to $31 by mid 2015 – then go bankrupt. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....State spending, although decried by market fundamentalists as a drag on the economy, is actually a boon to employers. The NHS saves British business thousands on health insurance, compared with their counterparts in the supposedly more flexible US, as well as being cheaper and having the benefit of not condemning millions of people to bankruptcy and death. ...
Replacing EU hospitality workers after Brexit 'will take 10 years' image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
.... to children between the ages of 11 and 14,” Ibrahim said. In the meantime, she says Britain has to have continued access to a low-skilled EU workforce otherwise businesses face bankruptcy. ...
Volkswagen pleads guilty to all criminal charges in emissions cheating scandal image
....Summing up the scandal, assistant US attorney John Neal said it was a “calculated offense”, not a “momentary lapse of judgment”. Although the cost is staggering and would bankrupt many companies, VW has the money, with $33bn in cash on hand. ...
Theresa May must give Vauxhall assurances over Brexit, says Labour image
Source : Guardian [Read Article] Monday 6th of March 2017 08:03:56 PM
....He stressed that he had not closed a single factory since he took over at PSA in 2014. The carmaker, which came close to bankruptcy and was bailed out by the French government and Chinese investors, shut a French factory just before the former Nissan executive took the helm. ...
German chain store tycoon Schlecker in fraud trial with family image
....A former giant of German retail - Anton Schlecker - has gone on trial with his wife and two children over the collapse of his pharmacy chain, which once employed some 50,000 people. Mr Schlecker is accused of offences relating to the 2012 bankruptcy, and his family allegedly helped him. ...
Peugeot-Citroën chief vows to save jobs in Vauxhall/Opel takeover image
Source : Guardian [Read Article] Monday 6th of March 2017 12:35:46 PM
....Tavares stressed that he had not closed a single factory since he took over at PSA in 2014. The carmaker, which came close to bankruptcy and was bailed out by the French government and Chinese investors, shut a French factory just before the former Nissan executive took the helm. ...
Topshop owner to double contributions to plug pension deficit image
Source : Guardian [Read Article] Sunday 5th of March 2017 03:28:55 PM
.... BHS collapsed last April, leading to the loss of 11,000 jobs and leaving a pension deficit assessed at the most pessimistic measure as £571m. Green owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015. ...
Every time we take an Uber we’re spreading its social poison | Laurie Penny image
....There are very few things that $5bn can’t buy, but one of them is manners. This week video emerged of Travis Kalanick, the CEO and founder of ride-share app Uber, patronising and swearing at one of his own drivers, who complained that harsh company policies had forced him into bankruptcy. ...
Cheers! Pub saved by its customers rated best in the UK image
Source : Guardian [Read Article] Friday 3rd of March 2017 12:01:31 AM
. A small north Yorkshire village pub which was saved by its local community after going bankrupt has been named the best in the UK. ...
Dominic Chappell to fight legal action forcing him to pay BHS pensions image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:44:02 PM
.... However, it is continuing with legal action against Chappell and his company Retail Acquisitions and is understood to be seeking as much as £17m. Green owned BHS for 15 years until he sold it to Chappell, a former bankrupt with no retail experience, for just £1 in March 2015. ...
Sir Philip Green's reputation 'still stained' despite BHS pension deal image
....Mr Wright and Work and Pensions Select Committee chairman Frank Field led questioning of Sir Philip over the sale of the chain and its eventual collapse. He owned BHS for 15 years before selling it for £1 to former bankrupt Dominic Chappell. ...
Sir Philip Green hasn't pushed the boat out with his BHS pensions deal | Nils Pratley image
.... The process towards securing the £363m has been shambolic and has exposed serious flaws in the pensions system. The trouble at BHS began, remember, when Green sold the business in 2015 to Dominic Chappell, a thrice-bankrupt individual lacking the experience or cash to execute a turnaround at a business employing 11,000 people. ...
Philip Green agrees to pay £363m into BHS pension fund image
Source : Guardian [Read Article] Tuesday 28th of February 2017 02:42:06 PM
.... MPs voted in favour of stripping Green of his knighthood. The billionaire tycoon owned BHS for 15 years until he sold it to Dominic Chappell, a former bankrupt, for just £1 in March 2015. ...
Sir Philip Green strikes BHS pension deal with regulator image
Source : BBC [Read Article] Tuesday 28th of February 2017 02:38:18 PM
....MPs had also called for the Topshop billionaire to be stripped of his knighthood. He was grilled by a committee of MPs over the sale of the chain, which he owned for 15 years before selling it for £1 to former bankrupt Dominic Chappell. ...
Business rates a 'ticking time bomb' for small firms image
Source : BBC [Read Article] Sunday 26th of February 2017 08:29:46 PM
....". Labour's plan would include a fund worth £150m a year for the next three years for small and medium-sized firms at risk of bankruptcy due to "sharp and unmanageable" increases. ...
Vauxhall production guaranteed until at least end of decade, PSA tells union image
.... The takeover would make PSA Europe’s second biggest carmaker after Volkswagen. Comments from Tavares on Thursday – his first public remarks on the deal – suggested he would carry out a major restructuring of GM’s Opel operations in Germany and Vauxhall in the UK, similar to the one he oversaw at PSA, which nearly went bankrupt three years ago. ...
Vauxhall job fears rise as Peugeot boss mentions 'speedy' savings image
Source : Guardian [Read Article] Thursday 23rd of February 2017 11:00:40 AM
....However, Tavares also hinted that if the deal goes ahead he would carry out a major restructuring. At PSA, which came close to bankruptcy in 2014 but was saved by a state-backed bailout and Chinese investment, he has overseen a cost-cutting plan that involved a pay freeze, a factory closure and thousands of job cuts. ...
Peugeot owner PSA sees profits nearly double image
Source : BBC [Read Article] Thursday 23rd of February 2017 10:11:37 AM
....PSA said its operating margin, the level of profit it makes on sales, had risen from 5% in 2015 to 6% in 2016. It is the third year in a row that operating margin, sales and net profit have improved at the group, which flirted with bankruptcy in 2014. ...
Do we need a credit check to find out whether we can remortgage? image
Source : Guardian [Read Article] Thursday 23rd of February 2017 07:00:00 AM
....What lenders do look at is how much you owe compared with your income, how much of your available credit you are using and how much spare cash you have after paying living expenses. They will also take into account the historical information held by credit reference agencies, which tells them how well you manage your debts and whether you have missed repayments, as well as whether you have defaulted on any loans and/or been declared bankrupt in the past six years. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
....As Greece hurtles towards another full-blown confrontation with the creditors keeping it afloat, and as tensions over stalled bailout negotiations mount, it is a question many are asking. The country’s epic struggle to avert bankruptcy should have been settled when Athens received €110bn in aid – the biggest financial rescue programme in global history – from the EU and International Monetary Fund in May 2010. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
.... In 2010 the parties settled their legal differences. But rather than walking away, the bank’s private wealth division then resumed lending to Trump, the troublesome four-times bankrupt client who had defaulted on a major loan. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
Unite leader warns GM his union will not accept any Vauxhall job losses image
Source : Guardian [Read Article] Wednesday 15th of February 2017 02:13:22 PM
....GM, the world’s third largest carmaker and the biggest in the US, has racked up more than $15bn of losses at Opel since 2000. It nearly sold the division after going bankrupt in 2009 and the Ellesmere Port Vauxhall factory – dubbed“home of the Astra” – came very close to closure in 2012. ...
Greece defies creditors over more cuts as economy shrinks unexpectedly image
Source : Guardian [Read Article] Tuesday 14th of February 2017 07:57:17 PM
.... Amidst the uncertainty the real economy has been put on hold with non-performing bank loans and private debt ballooning. This week the head of the Greek public power corporation, DEH, said lack of liquidity was such that the body was on the verge of bankruptcy. ...
General Motors looks to sell loss-making Vauxhall and Opel image
Source : Guardian [Read Article] Tuesday 14th of February 2017 01:42:44 PM
....GM, the world’s third-largest carmaker and the biggest in the US, has suffered more than $15bn of losses at Opel since 2000. It nearly sold the division after going bankrupt in 2009 but reversed the decision in a bid to maintain a foothold in the potentially lucrative European market. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
....Ian Roberts, the founder of technology startup Crowdmix, is to break a six-month silence over the collapse of his venture in order to give evidence. Roberts was ousted from his company, in which Nick Candy was the largest investor, weeks before it filed for bankruptcy. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
.... It is now more than seven years since the Greek financial crisis erupted and the debt drama has often had a deja vu quality about it. Eclipsed last year by the UK’s vote to exit the EU, and Donald Trump’s equally unlikely US electoral victory, the nation’s epic struggle to keep bankruptcy at bay has been out of the spotlight. ...

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