Bankrupt Companies

Latest News for: Bankrupt companies

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‘ITC trying to wrest control of Leelaventure through backdoor’

Business Line 19 Jun 2019

The promoters of Hotel Leelaventure and JM Financial ARC, which holds 26 per cent in the bankrupt hotel group, on Wednesday told the National Company Law Tribunal that ITC’s bid to stall their deal with Brookfield is an attempt to wrest the control of the premium hotel chain through the backdoor....

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Jet Airways crisis: NCLT to hear three insolvency pleas today

Yahoo Daily News 19 Jun 2019

The National Company Law Tribunal (NCLT) is set to hear the ... In May, the Dutch court declared Jet Airways as bankrupt following a plea submitted by two European operational creditors H Essar Finance Company and Wallenborn Transports with unpaid dues amounting to about Rs 280 crore....

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Who is Bernard Arnault, the New Member of the $100 Billion Club?

Yahoo Daily News 19 Jun 2019

After graduating with an engineering degree in Paris, he joined his family's company and persuaded his father to exit its construction business and focus on real estate ... Arnault entered the luxury goods market in 1984, when he took over the bankrupt textile group that owned Christian Dior ... He has been chairman and CEO of the company since that date....

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Fluent acquires AdParlor, a social ad specialist previously owned by Adknowledge, for $10M

Crunch 19 Jun 2019

In the latest development, marketing company Fluent has announced that it is buying AdParlor, a company that built early inroads into advertising and advertising strategy on social media networks like Facebook and Twitter ... AdParlor changing hands is not the only M&A move we’ve seen of a legacy ad tech company in recent times....

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Angst at Cannes, P&G embraces cause marketing, and Gary Vaynerchuk vs. the holding companies

The Times of India 19 Jun 2019

VaynerMedia CEO Gary Vaynerchuk says his bootstrapped digital media company is generating more than $130 million and is coming for WPP and Omnicom - with no 'meaningful competitor' in sight ... Sizmek's contextual-targeting business is one bright spot for the bankrupt ad-tech firm, and a group of industry execs is spinning it out into a new company....

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Ex-BHS owner Dominic Chappell faces court over tax evasion charges

Belfast Telegraph 18 Jun 2019

Chappell is due to appear at the City of London Magistrates Court on Tuesday to face three charges of cheating the public revenue and two counts of money laundering relating to his bankrupt finance company Swiss Rock Limited....

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Promising Signs Abound That the Gun Industry Is Losing Its Grip on Power

Creators Syndicate 18 Jun 2019

United Sporting Companies, a major firearms distributor, announced this week it has gone bankrupt and plans to liquidate. The company, which speculated that a fear-mongering campaign based on a Democrat occupying the White House would boost gun sales, has seen sales plummet in the wake of President Donald Trump's election....

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Ex-BHS boss Dominic Chappell vows to fight tax evasion charges amid claims he 'hid profits and bought two luxury yachts to launder more than £400,000 in cash'

This is Money 18 Jun 2019

Chappell is charged with three counts of cheating public revenue out of £650,000 and two counts of money laundering connected to his bankrupt finance company Swiss Rock Ltd ... The money laundering allegations relate to funds from the company being used to buy two yachts....

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Former BHS owner in court over tax fraud charges

The Irish Times 18 Jun 2019

He faces three charges of cheating the public revenue and two counts of money laundering in concealing, disguising, converting, transferring or removing criminal property relating to his bankrupt finance company Swiss Rock Limited ... The money laundering allegations relate to funds from the company being used to buy two yachts ... - PA.   ... ....

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Is Elon Musk’s Tweet the Reason Behind Tesla Stock’s Latest Jump?

Yahoo Daily News 18 Jun 2019

Posting an April Fool’s joke on Twitter that the company was going bankrupt, resulting in Tesla stock taking a 5% hit ... Securities and Exchange Commission fine, Tesla had to pay $20 million, Musk was forced to step down as company Chairman, and TSLA stock went into a 30% downward spiral as the episode played out....

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Recent Missouri Editorials

Herald-Standard 18 Jun 2019

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Then and Now: Old Union Stockyards Company

The Spokesman-Review 17 Jun 2019

Roberts, went bankrupt in the 1920s and the business changed hands; the resulting company was called Old Union Stockyard Company, with F.M ... In 1928, Roberts went on to start Stockmen’s Union Stockyards less than a mile away, but went bankrupt again a year later and eventually was bought out by Old Union Stockyards in 1930....

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LONGi ranked the most financially stable PV manufacturer by Bloomberg NEF

The Record 17 Jun 2019

The Altman-Z ratio measures a company's financial security against five basic criteria which test the possibility of it going bankrupt in the next two years ... Mr ... These factors are propelling the company forward as the preferred choice for customers, due to our financial strength and independently verified bankability." ... SOURCE LONGi Solar ... .......