insolvency

Business bankruptcies in Spain rise


April 10th, 2012 - 11:12 am ICT by IANS
Madrid, April 10 (IANS/EFE) More than 1,600 Spanish firms declared insolvency in the first quarter, a rise of 21 percent over the same period in 2011, PricewaterhouseCoopers said Monday in ... Read more...

Posted in Business |

Chinese jailed for not paying workers


January 15th, 2012 - 7:22 pm ICT by IANS
Beijing, Jan 15 (IANS) A 23-year-old Chinese construction contractor has been jailed for one-and-a-half-years for not paying wages to 47 workers.This was the first time a jail term has been ... Read more...

Posted in World |

170 Irish firms collapsed every month in 2011


January 4th, 2012 - 3:11 am ICT by IANS
Dublin, Jan 4 (IANS) Ireland witnessed closure of nearly 170 companies each month in 2011 owing nearly 1.2 billion euros ($1.6 billion) in unpaid debt, according to latest statistics released ... Read more...

Posted in Business |

Latvian airline sells cars during flights


December 13th, 2011 - 9:17 pm ICT by Aishwarya Bhatt
Warsaw, Dec 13 (THAINDIAN NEWS) The airBaltic, a Latvian airliner, announced on Monday that they will add the sale of cars to their business. The airliner announced that with their venture, they ... Read more...

Posted in Odd news |

‘Rate hikes playing havoc with SMEs’


October 25th, 2011 - 10:19 pm ICT by IANS
New Delhi, Oct 25 (IANS) An increase in 375 basis points in the repo rate over the last 20 months or so and the consequent sharp increase in the cost ... Read more...

Posted in Business |

India becomes better place to do business


October 20th, 2011 - 11:04 am ICT by IANS
Washington, Oct 20 (IANS) With the second best performance after Sri Lanka in South Asia, India climbed seven places to be ranked 132nd best place to do business, according to ... Read more...

Posted in Business |

Economic crisis-hit Pakistan to seek second IMF loan to pay off first


March 27th, 2011 - 4:57 pm ICT by ANI
Islamabad, Mar 27(ANI): Pakistan has decided in principle to seek another International Monetary Fund (IMF) programme to return its previous loan taken from the same organisation, according to sources.Islamabad is currently reviewing ... Read more...

Posted in South Asia |

Ruia Group acquires Germany-based Acument GmbH


February 21st, 2011 - 7:58 pm ICT by IANS
Kolkata, Feb 21 (IANS) Extending its global footprint in the auto ancillary segment, the Rs.5,000-crore Ruia Group Monday announced the acquisition of Germany-based Acument GmbH & Co KG, one of the leading ... Read more...

Posted in Business |

Illinois Tax Raise Creates Tension Among Residents And GOP


January 13th, 2011 - 6:28 pm ICT by GD
By Ranjan Bhaduri Jan 13, (THAINDIAN NEWS) Illinois residents will now have to cough up more in Corporate and income tax thanks to a new bill that was passed in the Senate and ... Read more...

Posted in Politics |

Neighbours fuming over Fritzl’s plan to build new flats in Amstetten


November 20th, 2010 - 2:24 pm ICT by ANI
London, Nov 20 (ANI): Residents in the Austrian country town of Amstetten are fuming, as their most infamous fellow citizen, Josef Fritzl, is planning to build new flats next their houses.At first ... Read more...

Posted in World |

Publisher Of ‘National Enquirer’ Goes To Court For Bankruptcy Protection


November 18th, 2010 - 8:34 pm ICT by Pen Men At Work
November 18, 2010 (Pen Men at Work): American Media Inc. (AM), which is the renowned publisher of National Enquirer and the Star supermarket broadsheets, launched proceedings on Wednesday for Chapter 11 bankruptcy ... Read more...

Posted in Business |

Pak teetering on the brink of complete economic breakdown: Finance Minister


September 6th, 2010 - 3:22 pm ICT by ANI
Islamabad, Sep 6(ANI): Providing a reality check on the shaky economic situation, Pakistan Finance Minister Dr. Hafeez Sheikh has said that the country is on the verge of a 'complete economic ... Read more...

Posted in South Asia |

The Future Of TV News Could Be With No Anchors


July 27th, 2010 - 7:58 pm ICT by Pen Men At Work
July 27, 2010 (Pen Men at Work): Randy Michaels happens to be the chief executive of Tribune Company (Co.). The Tribune Co., originated in 1847, happens to be a massive American ... Read more...

Posted in Entertainment |

The Dad Of The Olsen Twins Is Purportedly Bankrupt


June 27th, 2010 - 8:00 pm ICT by Pen Men At Work
June 27, 2010 (Pen Men at Work): In a rather distressing piece of news, Mary-Kate and Ashley Olsen’s Dad, David Olsen, has filed for insolvency. He is also encountering foreclosure on ... Read more...

Posted in Entertainment |

British airways tries saving merger deal with Iberia


June 23rd, 2010 - 1:38 pm ICT by IANS
By Venkata Vemuri London, June 23 (IANS) British Airways (BA) has inched closer to a merger with Spanish national carrier Iberia after striking a deal with its pension trustees to neutralise its pensions ... Read more...

Posted in Business |

Britain imposes $48.2 mn fine on JP Morgan


June 3rd, 2010 - 11:56 pm ICT by IANS
London, June 3 (DPA) Investment bank JP Morgan in London has been given a record fine of 33.3 million pounds ($48.2 million) by Britain's Financial Services Authority (FSA)for failing to protect clients' ... Read more...

Posted in Business |

GM In The Black; Must Still Reimburse American Federal Assistance Though


May 18th, 2010 - 8:08 pm ICT by Pen Men At Work
May 18, 2010 (Pen Men at Work): General Motors (GM) is in the money. This is a wonderful piece of information for General Motors Co. It articulated on Monday that it had ... Read more...

Posted in Business |

Over 360 Chinese newspapers to be shut down


May 10th, 2010 - 1:15 pm ICT by IANS
Beijing, May 10 (IANS) Over 360 newspapers or periodicals in China - or three percent of the nation's total publications - would be shut down over the next three years. A total ... Read more...

Posted in Business |

The creative genius who bore suffering silently (Tribute - May 9 is 150th birth anniversary of Rabindranath Tagore)


May 7th, 2010 - 3:24 pm ICT by IANS
By Sankar Six feet two inches in height, Rabindranath Tagore had to strive hard to hold his head high. The 14th child in a family of 15, he alone was sufficient ... Read more...

Posted in Uncategorized |

GM Repays Loans Much To The Surprise Of Many Analysts


April 22nd, 2010 - 6:13 pm ICT by Pen Men At Work
April 22, 2010 (Pen Men at Work): Fallen giant, General Motors Co., gathered speed towards revitalization on Wednesday. It enunciated the reimbursement of $8.1 billion in American and Canadian government loans. The ... Read more...

Posted in Business |

Legislative council will be revived: Karunanidhi


April 7th, 2010 - 4:08 pm ICT by IANS
Chennai, April 7 (IANS) Tamil Nadu Chief Minister M. Karunanidhi Wednesday said the government plans to revive the legislative council or the upper house which was abolished in 1986. Responding to a suggestion ... Read more...

Posted in Politics |

Actor John Malkovich Entangled In A Legal Drama


April 5th, 2010 - 7:37 pm ICT by Pen Men At Work
April 5, 2010 (Pen Men at Work): The legal representatives of actor John Malkovich have protested to a judicial adjudicator in New York. The judicial adjudicator was keeping an eye on ... Read more...

Posted in Entertainment |

Ford beats GM in US car sales


March 3rd, 2010 - 4:11 am ICT by IANS
Washington, March 3 (DPA) Ford has knocked General Motors off its long-running pole position in the US car market, according to monthly sales figures released Tuesday, while Toyota took less of a ... Read more...

Posted in Business |

Cold shuts out India-theme dance extravaganza in Germany


February 11th, 2010 - 8:14 pm ICT by IANS
Hamburg, Feb 11 (DPA) An Indian dance extravaganza in Germany has gone out of business after snow and cold outdoors put off audiences, the event's website said. The show, employing acrobats and dancers ... Read more...

Posted in World |

Fritz Henderson Resigns As CEO Of General Motors


December 2nd, 2009 - 7:23 pm ICT by GD
By Madhuri Dey Dec. 02, (THAINDIAN NEWS) The Chief Executive Officer of General Motors has declared his intention to resign from the post. He called a press conference late Tuesday evening, in which ... Read more...

Posted in Business |

Mittal family to buy insolvent German fashion firm Escada


November 6th, 2009 - 3:03 am ICT by IANS
Munich, Nov 6 (DPA) The family of Indian steel magnate Lakshmi Mittal is to buy insolvent German fashion house Escada, the company said Thursday. Insolvency administrator Christian Gerloff signed a sale and transfer ... Read more...

Posted in Business |

PM’s task force reviews problems of small industries


September 25th, 2009 - 10:03 pm ICT by IANS
New Delhi, Sep 25 (IANS) The prime minister's task force on micro, small and medium enterprises (MSMEs) held its first meeting here Friday to discuss the problems of the sector and formed ... Read more...

Posted in Business |

John David Lewis Takes A Dig At Obama’s Health Bill


August 13th, 2009 - 7:28 pm ICT by GD
A Duke University teacher, John David Lewis has brought into light the shortcomings of Obama's Health Care Bill reform, also called "America's Affordable Health Choices Act of 2009".The professor in ... Read more...

Posted in Politics |

New start for GM as it exits bankruptcy


July 11th, 2009 - 1:06 am ICT by IANS
New York, July 10 (DPA) Troubled US carmaker General Motors was given a new lease of life Friday, exiting a 40-day bankruptcy process. GM signed the deal that would transfer its best assets ... Read more...

Posted in Business |

Jacko ‘pleads ignorance’ in publicist’s case


June 20th, 2009 - 12:14 pm ICT by ANI
Washington, June 20 (ANI): Michael Jackson has reportedly asked a judge to drop the case filed against him by his former publicist, saying he was never served with legal papers.Jackson was ... Read more...

Posted in Entertainment |

General Motors launches LPG run Chevrolet Spark in Mumbai


June 10th, 2009 - 2:07 pm ICT by ANI
Mumbai, June 10 (ANI): General Motors India launched the Liquefied Petroleum Gas (LPG) version of its popular small car Chevrolet Spark here on Tuesday.The LPG version is GM India's first clean-burning ... Read more...

Posted in Business |

US auto major GM to file for bankruptcy on Monday


June 1st, 2009 - 3:04 pm ICT by ANI
Washington, June 1 (ANI): President Barack Obama will push General Motors into bankruptcy protection on Monday.The bankruptcy, to be filed in New York, is a significant turning point for an industry ... Read more...

Posted in Business |

General Motors prepares for historic bankruptcy


May 30th, 2009 - 11:29 am ICT by IANS
Washington, May 30 (DPA) The century-old US industrial icon General Motors is expected to declare bankruptcy Monday in what would be the most humiliating blow yet for the reeling US auto ... Read more...

Posted in World |

Labour union ratifies deal with General Motors


May 30th, 2009 - 5:26 am ICT by IANS
Washington, May 30 (DPA) Members of the US carmaker General Motors top labour union ratified a new agreement Friday that could make it easier for the company to survive the court process ... Read more...

Posted in Business |

Satyam board says company on way to resurrection


April 13th, 2009 - 5:38 pm ICT by IANS
Mumbai, April 13 (IANS) It was with a sense of satisfaction and achievement that the six-member board of Satyam Computer Services Monday announced the virtual "rebirth" of the crisis-ridden software giant, ... Read more...

Posted in Business |

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