Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
With the shopping season looming and bankruptcy proceedings underway in federal court, Toys R Us went to its creditors in November with an unorthodox request. To boost holiday sales, the insolvent company asked, let us pay out millions of dollars in bonuses to our top executives.
Billionaire hedge fund manager Leon Coopermancontends that U.S. would be mired in an economic recession today if Hillary Clinton had won the 2016 presidential election. The nation is better off with President Donald Trump in the White House than it would have been under Clinton or her 2016 rival for the Democratic nomination, Sen. Bernie Sanders, Cooperman told CNBC.
The Wall Street Journal reported Wednesday that Iger is likely to extend his tenure as CEO beyond his 2019 retirement date if Disney lands the Fox assets. Comcast is also said to be exploring a bid for the assets, which likely include Fox's movie studio, FX, National Geographic and Indian business Star.
Bitcoin futures start trading next week, and people who have spent the last few years convinced that bitcoin is a dumb bubble are very excited to finally be able to put their money where their mouths are and start shorting bitcoin. But is this right ? "The futures reduce the frictions of going short more than they do of going long, so it's probably net bearish," said Craig Pirrong, a business professor at the University of Houston.
Thanks to the socialist economic policies imposed by Cuba's puppet dictatorship in Caracas, Venezuela's economy has been completely destroyed. There are shortages of medicine, food, and even fuel in this oil-rich nation.
This year's Grammy nominations sent a clear message: The Recording Academy wants to see a black or Latino act have a better shot at winning in the major categories. This year's Grammy nominations sent a clear message: The Recording Academy wants to see a black or Latino act have a better shot at winning in the major categories.
"Skedaddle, an 'Uber-for-buses' startup, is launching a blockchain project that aims to completely eliminate tipping," is the first sentence here , and then somehow "Users can rate any interaction with a service worker, which also functions as a tip, and follows a worker from job to job," is the second, and by that point your soul has probably already left your body. But it keeps going! The "Kudos Project" will run on the Ethereum blockchain, allowing customers to rate any transaction they make, Skedaddle co-founder and CEO Adam Nestler told Business Insider.
A former Puerto Rico official who has been mentioned in connection with a controversial contract to restore electricity to the bankrupt U.S. territory after Hurricane Maria has denied having any role in securing it. In papers filed on Friday in federal court in San Juan, Elias Sanchez, a friend and one-time adviser to Governor Ricardo Rossello, said under penalty of perjury that he "never had any kind of relationship" with contractor Whitefish Energy or its principals.
On October 20, in Matter of M.P.M. Silicones, L.L.C. , the United States Court of Appeals for the Second Circuit held that secured noteholders were not entitled to an approximately $200 million make-whole premium when their notes were exchanged for new notes as part of a Chapter 11 plan. __ F.3d __, 2017 WL 4772248 .
Whitefish Energy Holdings workers restore power lines damaged by Hurricane Maria in Barceloneta, Puerto Rico, Oct. 15. The Federal Emergency Management Agency said Friday it had no involvement in the decision to award a $300 million contract to help restore Puerto Rico's power grid to a tiny Montana company in Interior Secretary Ryan Zinke's hometown. Puerto Rico Gov. Ricardo RossellA3 wants to cancel a tiny Montana company's $300 million contract to restore power to the storm-hit U.S. territory and expects help from the governors of Florida and New York, his office said on Sunday.
CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of New York by CGG SA's 14 main foreign, direct and indirect subsidiaries, each a borrower or guarantor in respect of CGG Group's funded financial indebtedness, have accepted the plan overwhelmingly. Specifically, all holders who have cast ballots in respect of the Secured Loans, and 97.14% in number and 97.96% in amount of those casting ballots in respect of the Senior Notes, voted in favour of the plan.
For now, the focus has shifted from Puerto Rico's financial woes to meeting the basic needs of its 3.5 million people, many of whom still lack adequate food, water and power more than a week since the Category 4 hurricane laid waste to the U.S. territory. But as Puerto Rico emerges from the worst of the disaster, it will still face a $74 billion public debt load and a decade-old economic recession that has sent hundreds of thousands of islanders fleeing to the U.S. mainland.
A flooded street is seen as people deal with the aftermath of Hurricane Maria on September 25, 2017 in San Juan Puerto Rico. Maria left widespread damage across Puerto Rico, with virtually the whole island without power or cell service.
Hartford's biggest bond insurer said it had offered to help the city postpone payments on as much as $300 million in outstanding debt, in a move designed to help prevent a bankruptcy filing for Connecticut's capital.
Low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, a U.S. trade commission ruled Friday, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from abroad. The 4-0 vote by the International Trade Commission sets up a two-month review period in which the panel must recommend a remedy to President Donald Trump, with a final decision on tariffs expected in January.
A US trade panel has ruled that low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from aboard. Friday's vote by the International Trade Commission was unanimous.
Cheap solar panels imported from China and other countries have led to a boom in the U.S. solar industry, where rooftop and other installations have surged 10-fold since 2011. But two U.S. solar manufacturers say the flood of imports has led one to bankruptcy and forced the other to lay off three-quarters of its workforce.
The approval to reallocate funds in the $9.6 billion budget comes as Maria left Puerto Rico devastated and entirely without power. As much as $1 billion will be reallocated in Puerto Rico's $9.6 billion budget to fund emergency relief efforts, as Hurricane Maria's devastating effects left the entire island without power Thursday.
One of the unnoticed ways in which American politics has changed under Donald Trump is the quiet disappearance of the budget deficit as a fixation of the news media and the business and political elite. During Barack Obama's two terms in office, terror about deficits positively consumed the discourse.