Dayli, an Austrian drug store chain acknowledged that its neighborhood stores concept is not effective, and therefore filed for a restructuring on Thursday.
Legal & Regulatory
Israeli investment broker jailed for 12 years
To deter future thieves in the industry, a judge sentenced an accused investment broker for 12 years in prison.
Bad Reputation Leads to Falling Stock Prices for Manila Water Company
Manila Water Company's (MWC) stock prices plummeted after a week since it was reported that the water regulator was letting its consumers pay for its taxes.
Not Closing Down Australian Mining Business, Lanco says despite Liquidation Proceedings
Lanco Infratech Ltd. (LANCI), an Indian power conglomerate still remains optimistic about its Australian mining business, despite being caught up with liquidation proceedings for tax problems.
Five Trio directors admit failure
Five directors of Trio Capital Limited accepted enforceable undertakings from APRA. (Photo : Reuters)This is the corporate logo of Trio Capital. In an announcement made by the Australian Prudential Regulation Authority or APRA today, five Trio Capital Limited directors have been relieved of their positions due to their admission of failure.
Latest News
Two food giants, Nestle and Danone faced China's probe on the food sector for unethical practices with price cuts on infant milk formula.
Shipbuilder Rongsheng shares were stopped from trading in the Hong Kong Stock Exchange. (Photo : Reuters)The image is the Rongsheng Shipyard now under pressure.
The European Parliament approved a plan that would fix carbon market glut and resolve problems regarding its price plunge.
James Packer’s Crown Ltd advanced on to the third stage of government approval process beating rival proposal from Echo Entertainment Group.
IHS Inc. was granted early termination of waiting period for its acquisition of RL Polk & Co under the Hart-Scott-Rodina Antitrust Improvements Act of 1976, subjected to the satisfaction of closing conditions.
GSK under scrutiny from China's NDRC. (Photo : Reuters)GSK under probe in China The National Development and Reform Commission or NDRC began a survey concerning production costs of over 60 firms situated in China.
Bank of America expected to face Texas lawsuit and its corresponding fees (Photo : Reuters)Bank of America expected to face property fee suit filed Nueces County, Texas Bank of America Corp.
JP Morgan's US$546 million settlement with MF Global Trustee finally resolved (Photo : Reuters)JP Morgan $546 million settlement with MF Global relsolved US Bankruptcy Judge Martin Glenn and US District Judge Victor Marrero finally approved the settlement deal for JP Morgan Chase & Co.
Owning Bitcoin could become illegal if governments outlawed the digital currency due to unusual risks and decentralization.
