Bankruptcy

Retailer Brookstone Seeks Bankruptcy Financing

Specialty store is shopping for a loan to fund its debt restructuring if it files for chapter 11 protection<p>Brookstone Inc., the specialty retailer known for selling massage chairs, travel gadgets and other novelties at malls and airports, is shopping for bankruptcy financing to fund its business if …

Selling

Puerto Rico Governor Threatens to Withhold Testimony After Twitter Jab

Puerto Rico Governor Ricardo Rossello threatened to withhold testimony from a U.S. House committee later this month if lawmakers don’t apologize for …

Puerto Rico

Hamas calls Jared Kushner ‘spokesman for the Israeli Occupation’

From left to right, Ron Dermer, Jason Greenblatt, Jared Kushner, Benjamin Netanyahu, Dina Powell and David Friedman meet in Jerusalem, Aug. 24, 2017 …

Israel

Burberry faces backlash after burning excess stock

In a bid to avoid tarnishing its brand, Burberry ended up tarnishing its brand.The U.K. company, known for fashionable clothes, perfumes and more, …

Burberry

Turmoil slows rebuilding of Puerto Rico's power grid

Ten months after Hurricane Maria destroyed Puerto Rico 's electric grid, the local agency responsible for rebuilding it is in chaos and more than $1 billion in federal funds meant to strengthen the rickety system has gone unspent, according to contractors and U.S. officials who are anxious to make …

Caribbean

Korean Firm "Finds" Wrecked Warship and $130B in Gold

Another firm has laid claim to the discovery of the <i>Dmitrii Donskoi,</i> a Russian warship from the Age of Sail that was scuttled in the Sea of Japan in …

Wreck

Joe Lieberman Had a Few Not Nice Things to Say About Ocasio-Cortez

Alexandria Ocasio-Cortez may have beaten Rep. Joe Crowley (D-NY) soundly in New York's 14th congressional district race (and won a neighboring …

Conservative View

$5.5M Ponzi scheme leads to 22 charges against Edmonton man: police

Edmonton police say a man who allegedly facilitated 257 fraudulent bridge mortgage loans worth an estimated $5.5 million is facing nearly two dozen …

Corruption

Bankrupt Cenveo says U.S. to pay $5.5 million to end Census contract

Bankrupt printer Cenveo Inc will get $5.5 million in cash from the U.S. government under terms of a deal ending the publicly-traded company’s work on the 2020 Census, according to court papers filed on Thursday.<p>In the papers filed in U.S. Bankruptcy Court in New York, Cenveo argued for an order …

Law

Insanity: Italian Government Wants To Take Permanent Stake In Alitalia

For over a year now, Alitalia has been more or less bankrupt. Last March, Alitalia announced a restructuring plan, given how much money the airline …

Airlines

The good news: Air travel is booming. The bad news: There aren’t enough pilots to handle it

With air travel expected to double over the next 20 years, there’s no doubt that the demand for commercial airline pilots will be strong. There’s …

Aviation

Continuing drought means problems for farmers

©pxhere<p>The persistent dry weather these days is presenting problems for farmers, including dairy farmers, the sector reports.<p>Thanks to a combination …

Belgium

They are trapped in a universe of lies

I do not subscribe to the Donald Trump is near senility, if not already senile, theory, nor the idea that he is suffering from dementia.<p>I do strongly …

Donald Trump

Claim sunken warship has 200 tons of gold on board triggers frenzy in South Korea

A South Korean company’s claim to have found a sunken Russian warship has triggered a frenzy amid speculation the ship was carrying an enormous amount of gold when it sank 113 years ago.<p>The Seoul-based Shinil Group said its divers discovered a wreck it identified as the 6,200-ton Dmitrii Donskoi, …

World News

Feds seizing Oregon mega-dairy citing owner’s behavior

The U.S. Department of Justice is taking over an embattled Oregon mega-dairy, citing the owner's continued drug use, gambling, out-of-control …

Corruption

18 Unbelievably Cheap But Awesome DIY Home Decor Projects

Everybody wants to have a beautifully decorated home. Imagine impressing family and friends with your exquisite décor and have them wondering how you …

Home

Bankrupt energy producer Exco and stakeholders agree on mediation

Just days after warning its bankruptcy could run into next year, energy producer Exco Resources Inc said on Wednesday it reached an agreement with key stakeholders to enter into mediation to help resolve key issues in its case.<p>Exco in court papers proposed that Chief Judge David Jones of the U.S. …

Law

Defunct St. Gregory’s minerals auction exceeds $10M in bids

Investors have paid more than $10 million in bids for assets involving oil and natural gas wells owned by the bankrupt St. Gregory's University in …

Business

Telegraph logo

<i>Does the Commission really think that it can reject even the Chequers plan with no ill consequences?</i><p>When John D Rockefeller wanted to knock out a competitor in the early days of the oil industry, he would do what he called “giving them a good sweating”. Standard Oil would sharply drop its prices in …

Oil & Gas Industry

Uniti Just Can't WIN

Intro<p>In my very first SA article, I analyzed <b>Uniti Group (UNIT)</b>. In the comments section of the article, I got a lot of negative feedback, and …

Investing

Sport's War on Drugs is Being Lost on Many Fronts

If you remain confident that the fight against doping in sport can be won, then please accept my congratulations. You are a member of an increasingly …

Middle East

Found: A Newly Discovered Shipwreck, Rumored to Be Full of Gold

In 1905, the Dmitri Donskoi sank off the coast of a South Korean island.<p>More than century ago, in 1905, a Russian cruiser sank off the coast of a …

Culture

Power producer New Mach Gen seeks court OK for bankruptcy exit plan

Power plant operator New Mach Gen LLC on Thursday called for a court order confirming its plan to emerge from its second bankruptcy in four years, which will hand one of its plants to lenders who will help reduce the company’s first-lien debt by about $95 million with a refinancing package.<p>New Mach …

Law

Sunken Russian Warship Rumored to Carry Hoard of Gold Found by Korean Firm

A massive Russian ship with a potential fortune in gold on board has been discovered at the bottom of the ocean more than a century after it sank, a …

Seafloor

IBC: Aion-JSW Steel Wins Monnet Ispat Bid; Banks Take 74% Haircut

The National Company Law Tribunal today approved a Rs 2,875-crore bid by a consortium of Aion Investments Pvt. Ltd. and JSW Steel Ltd. to acquire the …

Markets (India)

Burry’s Shipyard files for bankruptcy

CLARENVILLE, N.L. — Burry’s Shipyard has filed for bankruptcy.<p>The Clarenville business filed a notice of intention (NOI) to make a proposal under …

Shipbuilding

Levee authority to repair St. Bernard pump stations before transfer to parish | NOLA.com

A $1.3 million contract to repair two St. Bernard drainage pump stations was approved Thursday (July 19) by the east bank levee authority, only six …

Mississippi River

Puerto Rico Bond Insurer Urges Board to Seek Utility Receiver

MBIA Inc.’s National Public Finance Guarantee is urging Puerto Rico’s federal board to consider putting a receiver in charge of the island’s bankrupt …

Caribbean

Philips Complains About ‘ Quid Pro Quo’ Payments in Gibson Bankruptcy

Electronics company has $57 million claim in guitar maker’s chapter 11 case<p>Sign in or subscribe for access to peerless insight & analysis, curated data & interactives, and networking events.

Networking

Netflix really wants more Oscars recognition

Fresh off its Emmy nomination sweep, Netflix may be preparing for a serious Oscars push.<p>The streaming-video giant just hired Hollywood’s top awards strategist, Lisa Taback, who earned her stripes working with famed awards-season hustlers, producers Harvey and Bob Weinstein.<p>Netflix poached Taback …

La La Land