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Showing 151 - 160 of 254 results for "Bankrupt"

Perpetual settles over Mahogany

JOHN MCDULING  |  MONDAY, 6 DEC 2010
Perpetual Trustee Company has settled a long running legal dispute on behalf of 1,000 retail investors who bought $125 million of notes issued by a subsidiary of Lehman Brothers. The details of the settlement cannot be disclosed for six months, but ...

Spoiling for war

BENJAMIN ONG  |  FRIDAY, 1 OCT 2010
... if it agrees to raise the yuan exchange rate by 20-40 per cent. "We cannot imagine how many Chinese factories will go bankrupt, how many Chinese workers will lose their jobs, and how many migrant workers will return to the countryside". Hell may freeze ...

Fuld me twice

JOHN MCDULING  |  THURSDAY, 2 SEP 2010
Almost two years after the failure of Lehman Brothers sent global markets into the tailspin that would eventually become the GFC, shamed former chairman and chief executive of the bank, Dick Fuld, fronted a Financial Crisis Inquiry Commission (FCIC) ...

Fearing September

BENJAMIN ONG  |  WEDNESDAY, 1 SEP 2010
Summer has ended - in the Northern Hemisphere that is. But the uncertainty that has befallen Wall Street through the sunny season has not gone away - nor does it look like going anywhere anytime soon. Wall Street may have produced a positive performance ...

Market Wrap - Morning

AAP  |  THURSDAY, 10 JUN 2010
The Australian share market has received a mixed lead from offshore markets after Wall Street closed weaker but crude oil and copper ended firmer. At 0730 AEST on the Sydney Future Exchange, the June share price index contract was down 11 points at ...

Too much ado about Greece

BENJAMIN ONG  |  FRIDAY, 30 APR 2010
So what was the hulaballoo of the past two days all about? It's now looking like too much ado about Greece, and Portugal, and Spain, and... Smokin'! What worries me more is the 25 per cent increase in tobacco tax by Krudd and the Reserve Bank of Australia ...

Prison sentence for finance fraudster

ASIC RELEASE  |  FRIDAY, 19 FEB 2010
... by its directors. A Deed of Company Arrangement was executed on 21 October 2005. Gordon was declared an undischarged bankrupt on 23 January 2007. In 2005, ASIC took several civil actions against Whet Investments, Gordon and companies associated with ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 20 JAN 2010
The Australian sharemarket is expected to open higher after US and European stocks and commodity prices gained overnight. At 0650 AEDT on the Sydney Futures Exchange, the March share price index contract was 33 points higher at 4,876. In economics news ...

Fixing an industry on steroids

MICHELLE BALTAZAR  |  THURSDAY, 14 JAN 2010
Day One of the Financial Crisis Inquiry Commission (FCIC) highlighted the testimony of an investment veteran who said the industry has long been on steroids - and called the commissioners to help build a system that doesn't need to save the banks every ...

Market Wrap - Morning

AAP  |  THURSDAY, 14 JAN 2010
The Australian share market has received generally positive leads overnight, with all three key Wall Street indices higher, along with precious metals and copper, although the price of crude oil fell again. At 0824 AEDT on the Sydney Futures Exchange ...