Latest News for: Bankrupt companies

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Hun Sen: Cambodian oil extraction ‘perhaps failed’

Asiatimes 02 Aug 2021
In late December the nation announced it had extracted oil from its waters in the Gulf of Thailand, which experts believe boasts significant deposits. But the operation, led by Singapore’s KrisEnergy, was endangered after the company was unable to pay its debts and filed for liquidation in June ... “And now the company is bankrupt.” ... – AFP ....
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Top Things You Need to Know About the Digital Yuan

Finance Magnates 02 Aug 2021
Linghao Bao, analyst at Trivium China, highlighted that “the system is owned by private companies” and if either of the two large brands were to go bankrupt, it could create systematic risks.Chinese consumers already receiving Digital Yuans ... In fact, China has been cracking down on exchanges since 2017, but that does not apply to the entire world.
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Hun Sen declares oil extraction a 'failure' for Cambodia

Urdu Point 01 Aug 2021
In late December the nation announced it had extracted oil from its waters in the Gulf of Thailand which experts believe boasts significant deposits. But the operation, led by Singapore's KrisEnergy, was endangered after the company was unable to pay its debts and filed for liquidation in June ... "And now the company is bankrupt." .. ....
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Cambodia stops offshore oil extraction after KrisEnergy goes bankrupt: PM

China.dot.org 01 Aug 2021
PHNOM PENH, Aug ... "In the end, the production was only 1,000 barrels a day. Now, the company goes bankrupt and a tanker that carried the extracted oil had run away because we had not prevented it on time ... Enditem .
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George Iacobescu: the man who transformed London

Moneyweek 01 Aug 2021
© Shutterstock ... It was 1986, the year of Big Bang, and the area had been designated an enterprise zone by Margaret Thatcher ... “I went back and said. ‘Don’t touch it’.”An architectural revolution ... The Canary Wharf project bankrupted debt-ridden O&Y, but Iacobescu joined the new company that took on the scheme and eventually rose to run it.
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COVID-19 Injection Campaign Violates Bioethics Laws

Mercola 01 Aug 2021
After that, he helped found a company called Inovio, which has brought forth a number of gene therapy discoveries, including vaccines, and the use of pulsed electrical fields as a delivery method ... That company went bankrupt for lack of investor interest in repurposing drugs for treating infectious diseases.
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How falsehoods are getting top billing

Tap News 01 Aug 2021
After that, he helped found a company called Inovio, which has brought forth a number of gene therapy discoveries, including vaccines, and the use of pulsed electrical fields as a delivery method ... That company went bankrupt for lack of investor interest in repurposing drugs for treating infectious diseases.
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Ron Popeil, inventor and king of TV pitchmen, dies at 86

The Mercury 31 Jul 2021
He was 86 ... Building on an invention of his father’s, the Chop-o-Matic, he marketed the slicing-and-chopping machine he called the Veg-O-Matic, sold by the company he founded and named after himself — Ronco ... Though Ronco Teleproducts went bankrupt in 1984, Popeil started from the bottom again and built himself and his company back up ... Popeil!” ... .
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EPA Approval of PFAS for Fracking May Spell a New Health Crisis for Communities

truthout 30 Jul 2021
The company has said it is committed to re-plugging the leak, according to the Associated Press, but evades responsibility for what Watt fears could be a larger problem ... At least 130 oil and gas companies have used per- and polyfluoroalkyl substances (PFAS), or chemicals that can break down into PFAS in fracking in at least 1,200 wells in the U.S.
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Letters: Existing law protects the taxpayer against cleaning up oilfields

The Advocate 30 Jul 2021
This protects taxpayers because, if either company goes bankrupt, regulators can look to the other to pay all decommissioning costs ... Under that scheme, if a company that owned the lease for 40% of the life of the lease goes bankrupt, taxpayers would pay 40% of decommissioning costs.
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Bankruptcy reform debate targets bad corporate actors, popular judges

Reuters 29 Jul 2021
(Reuters) - Lawmakers heard arguments on Wednesday in favor of amending laws to limit protections for non-bankrupt individuals through a company's bankruptcy, a move prompted by concerns that members of the wealthy Sackler family who own Purdue Pharma LP may avoid accountability for their role in promoting opioid sales.
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$33 million offered to settle Sandy Hook suit

Fort Wayne Journal Gazette 29 Jul 2021
Lawyers for now-bankrupt Remington filed the offers late Tuesday in Waterbury Superior Court in Connecticut.
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Why it's so hard and expensive to plug an abandoned well

San Francisco Chronicle 29 Jul 2021
An estimated 2 million abandoned oil and gas wells across the country, forgotten or ignored by the energy companies that drilled them, are believed to be leaking toxic chemicals ... If the company that owned the well went bankrupt, or there’s no owner to be found to plug or maintain it, then the abandoned well is considered “orphaned.".
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Gun maker offers $33M to settle suit by Sandy Hook families

The Bulletin 29 Jul 2021
(AP) — The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims' families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for now-bankrupt Remington filed the offers late Tuesday in Waterbury Superior Court in Connecticut.
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Gunmaker Remington offers nearly $33m to families of Sandy Hook victims

Irish Independent 29 Jul 2021
The maker of the rifle used in the Sandy Hook Elementary School shooting in the US has offered some of the victims’ families nearly $33m (€28m) to settle their lawsuit over how the company marketed the firearm to the public. Lawyers for the now bankrupt Remington filed the offers in Waterbury Superior Court in Connecticut.
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