Bankrupt Companies

Latest News for: Bankrupt companies

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Tribunal rap: NCLAT asks ED to release attached assets of BPSL

Yahoo Daily News 15 Oct 2019

The National Company ... Following the attachment of the assets by the ED on Saturday, JSW said in a statement that it vindicated its stand and that's why it had moved the NCLAT after winning the bid to seek immunity from litigation related to alleged frauds at the bankrupt company....

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You and the Law: Structured settlements still valid today

Times Standard 15 Oct 2019

However, some insurance companies offer an inflation-adjusted cost of living adjustment ... “Any company can go bankrupt,” you might be thinking, “so what happens if the life company that issues the annuity goes bust? What about the people who have structured settlements with them? Would they lose everything?”....

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Facebook Fined For Artificially Inflating Video Views, Bankrupting Companies, Mass Job Losses

Democratic Underground 14 Oct 2019

. They lied about views by 150 to 900%. They caused media companies to go bankrupt, jobs were lost, and yet Facebook gets away with a slap on the wrist and no acknowledgement of how they messed up. And therein lies the problem for which Facebook was fined this week ... And this flat out fraud has hurt other companies, some of them to the ground ... ....

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NCLAT to ED: Release attached assets of Bhushan Power & Steel

Yahoo Daily News 14 Oct 2019

The National Company ... Following the attachment of the assets by the ED on Saturday, JSW said in a statement that it vindicated its stand and that’s why it had moved the NCLAT after winning the bid to seek immunity from litigation related to alleged frauds at the bankrupt company....

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Serious gas crisis can engulf the country: PEW

The News International 14 Oct 2019

Caution is required in the deal to sell 2640 megawatt power plants, big consumers of LNG, as a little mistake in the deal can leave all the companies dealing in the LNG supply chain bankrupt, he warned ... leave all the companies dealing in the LNG supply chain bankrupt, he warned....

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In the wake of unprecedented coal bankruptcies, how are Wyoming lawmakers responding?

Billings Gazette 14 Oct 2019

“There are no winners when a company goes into bankruptcy, particularly when a coal company becomes bankrupt,” said Randall Luthi, chief energy adviser for Gov ... If a bankrupt company does not file for delinquency with a county before it goes bankrupt, a county's lien is at risk of not being honored....

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ED's Bhushan Power & Steel move vindicates stand: JSW

The Economic Times 14 Oct 2019

India’s second-largest steelmaker has offered to acquire BPSL, but sought immunity from litigation related to alleged frauds at the bankrupt company ... ....

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Bank of England Governor: companies that ignore climate crisis will go bankrupt

Treehugger 14 Oct 2019

He tells Damian Carrington of the Guardian that “companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt.” ... Carney notes that coal companies have lost 90 percent of their value, and that others, like the banks that invest in what he calls “sunset industries,” will follow....

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Tesla Stock Looks Better Than You Think. Take a Look at the Competition.

Barrons 14 Oct 2019

As for Faraday, its founder Jia Yueting is bankrupt, though the company said in a news release on Sunday that “will not affect any of [Faraday’s] normal business operations.” In fact, the company says the matter will help facilitate an eventual IPO....

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RBI enhances withdrawal limit of PMC Bank's customer to Rs 40,000

The Times of India 14 Oct 2019

The bank, over a long period of time, had given over Rs 6,500 crore in loans to HDIL, which is 73 per cent of its total advances, and which has turned sour with a shift in the fortunes of the now-bankrupt company....

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Coal-Heavy Wyoming Aims to Lead on Carbon Capture

Voa News 14 Oct 2019

Two companies with major operations in Wyoming went bankrupt this year ... The company received $3 million from the Department of Energy in February, one of eight businesses and universities awarded nearly $24 million total to study carbon capture.� ... Electric utility Southern Company ......

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PG&E Shutdowns: What’s next?

The Mercury News 14 Oct 2019

... Monday morning that “it’s all dependent on weather conditions,” but that the company currently has no plans to issue another shutoff order ... Gavin Newsom blasted the giant, bankrupt power company, calling it greedy and accusing it of “mismanagement.”....

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Generator demand surges as PG&E customers struggle to keep lights on

Yahoo Daily News 13 Oct 2019

PG&E stock closed on Friday at $8.02, down $2.85 for the week, On Friday, the utility turned down a $2.5 billion offer from the city of San Francisco to buy the bankrupt company’s power lines and other infrastructure within the city, saying the offer was inadequate....