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True Religion Sheds $350M In Debt With Bankruptcy Filing

Chapter 11, also frequently referred as the "reorganization chapter" of the bankruptcy code, permits a debtor to propose a plan of reorganization to keep their failing business alive and pay creditors over a period of time. The retailer focuses on selling denim products, and it will be able to continue operating thanks to its owner, TowerBrook Capital Partners . In court documents, True Religion has listed the estimated value of its assets at between $100 million and $500 million - the ...

Business

Indian visas granted to Pakistan athletes at last

Sports department sources said around 42 track and field events will be held in the championship and 20 world champions are likely to take part. Pakistan's confirmation for the Championships comes as a much-needed breakthrough for sporting relations between India and Pakistan in wake of worsening dipolmatic relationships between the two neighbouring countries, Pakistan were not able to take part in the Asian Wrestling Championships and Asian Snooker Championships, in Chennai during May, as ...

Business

Hobby Lobby to forfeit artifacts, pay $3 million United States fine

Hobby Lobby told prosecutors that the dealers who were selling these artifacts had provided documentation declaring that the various items had been "legally acquired" in the 1960s by a father of one of the dealers, that the items had been moved to U.S.in the 1970s and then taken back to the UAE to show to the Hobby Lobby president.

Business

Google posts July 2017 Android security updates for Nexus and Pixel devices

The scenario could be Apple's OLED demands would be so great suppliers will be compelled to deliver at the expense of other device vendors. The release of Samsung Galaxy S8 and LG G6 has set a new standard for the next generation devices.

Business

New 'tamper-detect' EVMs to be used in 2019 polls: CEC

Mr Joti will succeed Nasim Zaidi who demits office tomorrow.He will take over as the head of the Election Commission on Thursday. - Joti has also worked as Chairman, Kandla Port Trust under the Ministry of Shipping on deputation basis during October 1999 to October, 2004.

Business

RBI starts printing Rs 200 notes to ease money transactions

It is believed that Rs 200 notes will significantly ease day-to-day transactions as people will be able to withdraw lower denomination notes as they are forced to withdraw Rs 500 notes in most ATMs. There are even reports of the government bringing back the Rs 1,000 currency note in a new avatar soon. The report also informed that the process of printing the new Rs 200 notes is likely to begin after June.

Business

IAF rubbishes reports of tracing missing ALH in Arunachal

Efforts to reach the spot will resume tomorrow (Thursday)", inspector-general of police (law and order) Nabin Payeng said. The IAF was engaged in flood rescue mission in the state when it went missing yesterday around 3:50 PM after it took off from Pilputu helipad near Sagalee.

Business

Fed minutes: 'Several' see balance-sheet reduction starting in a 'couple of months'

But other members of the policymaking Federal Open Market Committee advocated for waiting until later this year to start slowly scaling back the Fed's $4.5-trillion balance sheet to allow more time to assess the state of the economy, the minutes of the June 13-14 meeting said.

Business

Ninth ASEAN ministerial summit held in New Delhi

President Pranab Mukherjee showed his satisfaction at the strong development in the sound traditional friendship between Vietnam and India. Meanwhile, Vietnamese Deputy Prime Minister Pham Binh Minh asked India to play a greater role in ASEAN's strategic and security affairs.

Business

ISIS Reduced to Less Than 5 Percent of Its Former Iraqi Capital

Iraqi government forces on Sunday recaptured more areas and killed 79 ISIS militants in Mosul's Old City as they pushed to the last few meters held by the terrorist group. A sentiment echoed by Gen. Abdel Ghani al-Asadi, head of Iraq's special forces, who said the Islamic militants are in a "fight to the death" after his soldiers retook Mosul's main hospital the day before.

Business

Rocky IV villain Ivan Drago could return in Creed sequel

Well, it looks like Michael B. Jordan's Adonis Creed might be taking the same path as his father. In an Instagram post, Sylvester Stallone teased his idea for a Creed sequel that would see Adonis Creed , fresh off his triumph over Ricky Conlan in the first film, facing off against the man who killed his father.

Business

GST is black law; will attend launch for Pranab Mukherjee: Samajwadi Party

Chidambaram said a "peculiar arrangement" has been made in the name of compromise and the law was being hastily implemented while the traders and business wanted some more time because they were not prepared for it yet. Talking to reporters here on Saturday, he said that though the Congress was the original proponent of the GST, its present form has many flaws and its repercussions would be known in the coming days.

Business

China's services sector loses steam in June: Caixin PMI

Although the reading remained above the 50 no-change mark for eleventh consecutive month, the survey suggested the slowest expansion in services output since February. The survey found that new business growth fell to a nine-month low. A strong service sector is crucial for the Indian economy as it accounts for more than 60 percent of gross domestic product, and if momentum is maintained in 2017 it would lead to a faster economic recovery.

Business

Global Tractor Hydraulic Lifter Market - Size, Overview, Analysis, and Forecasts 2017

A detailed segmentation evaluation of the Motorbike market has been provided in the report. Hence, Global Fire Truck Market is growing at a CAGR of XX% between 2016 and 2022. The study report evaluates the range of factors of the Outdoor Power Equipment industry, such as definition, demands, share, analysis, supply, sales, size, specification, forecast trends, production, classification, industry policy, news, and application .

Business

Snapped: Salman returns SRK's Tubelight favour, shoots for Aanand L Rai film

It is being said that the makers are bringing the old Judwaa to meet the new ones during the climax sequence of the film in an attempt to make the audience nostalgic about the 90s film. The latest update says that Salman has been asked to play a small cameo in SRK's upcoming movie in the direction of Anand L Rai . As we know, Shah Rukh had recently done a cameo in Salman's Tubelight and now it's the other way round.

Business

China's Traffic-Straddling Bus Grinds To A Halt

In theory, the Transit Elevated Bus , or TEB, is an electrically powered, 300-passenger vehicle that moves atop tracks straddling the highway while allowing road traffic to flow below. "Everything we do is approved by related departments in the government, and if we are an illegal company with financial issues, why are the local governments still interested in us?" he asked.

Business

Backed forces breach Isil stronghold Raqqa after blowing holes in city wall

It said the routes created by the air strikes allowed SDF fighters to bypass booby traps and vehicle bombs that ISIS had prepared in breaks in the wall, although the jihadist group still put up heavy resistance as the fighters entered their final redoubt.

Business

Rajinikanth requests Tamil Nadu government to consider film industry's plea

Recently, superstar Kamal Haasan has come out strongly against it. Earlier, actor Siddharth hit out at both the state and the centre for the confusion caused by GST, and also pinned the blame on the Tamil Nadu government for punishing Tamil cinema for years, by fostering a culture of bribes.

Business

Wild monkeys confront Florida family

They growled, hissed and started chasing people. "You guys, the monkeys are attacking". Florida State Parks did not immediately return a request for comment. The family spotted the monkeys near a covered portion of a boardwalk. Anyone who sees a rhesus macaque monkey is asked to call the Florida Fish and Wildlife Conservation Commission Wildlife Alert Hotline at 888-404-3922.

Business

Americans have severe trust issues with media, Congress

Sixty-five percent of Republicans say civility between the GOP and Democrats has declined since November, with just 12 percent saying it has improved. Overall, thirty percent of all Americans say they have some degree of trust in the media, while 37 percent do not have any trust in the press. The recent scandal over the " fake news " issue occurred on June 24, when CNN took down an article, where, citing a source, the broadcaster reported on a US Senate Intelligence Committee ...

Business

Which insiders are selling Oasis Petroleum Inc. (NYSE:OAS)?

A number of institutional investors have recently modified their holdings of the stock. On the other hand Oasis Petroleum Inc (NYSE: OAS ) has Relative Strength Index (RSI 14) of 34.39 along with Average True Range (ATR 14) of 0.52. While considering growth estimates of the company, it has next quarter growth estimates of 88.2% whereas during current quarter it has 54.5% estimations over growth, comparing to the estimations of 82% during current year and 333.3% for next year.

Business

Airtel offers 30GB free data under Monsoon Surprise

Additionally, if you go for the Rs 309 recharge plan , you will get 1GB data per day for 6 months (6 recharge cycles of 28 days). Reliance Jio's first option gives 2GB data per month for 12 months at a monthly recharge of Rs 149. The Airtel Monsoon Surprise is an extension of "Data Surprise offer", which offered 10 GB of additional data per month for four months to its postpaid customers.

Business

Takeover approaches give Worldpay a £1.4bn boost

The company processes credit and debit-card transactions for merchants and has a market capitalization of more than $12 billion. The statement was flushed out by a speculative story early this morning on the website WallStreet Wires which said that "people familiar with the matter" were suggesting that Worldpay had been approached and that advisers had been appointed.

Business

Tencent puts time restriction for young players of Honour of Kings

The company will also not allow children under 12 years to log in after 9 p.m. But not everyone is convinced. "There are always ways for children to bypass them". He said he feels it's wrong to blame the game for causing addiction problems, suggesting parents need to shoulder more responsibility. Tencent said it introduced the play time and spending curbs for minors and those under 12 effective from Tuesday out of social responsibility.

Business

Trump to speak with China, Japan leaders on North Korea

According to the South Korean military, the missile was allegedly launched from a military base in the province of Pyongan-Pukto. Trump has sought to enlist China , North Korea's main economic partner, to turn the screws on Pyongyang over its nuclear and missile programs, which aim to put a warhead on a ballistic missile capable of striking the United States .

Business

Samsung plan to create 440000 jobs through £14bn chip expansion

The announcement follows repeated calls from new South Korean President Moon Jae-in for big businesses to invest more domestically as part of a wider job-creation agenda. Mass production of the latest V-NAND chips at the new plant is part of Samsung's strategy to focus its capacities on the growing NAND chip market that is estimated to expand almost 40 percent every year.

Business

Sainsbury's beats market expectations with soaring sales

Tuesday's results for Sainsbury were the first released under a new reporting structure which combines figures for the Argos and Sainsbury brands. Strong sales of fresh fruit and veg and a dash for paddling pools, summer clothes and fans helped Sainsbury's and Argos deliver a big jump in sales growth.

Business

Tony Hadley quits Spandau Ballet

He made the announcement on Twitter . The statement said: "Due to circumstances beyond my control, it is with deep regret that I am required to state that I am no long a member of the band Spandau Ballet ". Spandau Ballet responded to Tony's annoucement, saying the singer has wanted to leave the band since last September. The band was formed in 1976 in Islington, London, but after a number of years performing and finding their sound they came upon the Blitz club-night in Covent Garden, ...

Business

Air Asia X plane makes Emergency landing in Brisbane

Tim Joga, 31, told the Sydney Morning Herald that he heard about "four or five bangs" coming from the right-side before noticing flames coming out of the engine on that side. Video footage captured by a passenger showed the plane loudly vibrating and shaking after what passenger Brenton Atkinson said sounded like a small explosion.

Business

RBA keeps cash rate on hold as retail rates rise and fall

Three-year government bond yields fell 6 basis points to 1.96 percent, their biggest decline since March. The market was disappointed as RBA did not deliver a more hawkish tone, as what was done by central banks in the UK, Eurozone and even Canada.

Business

Nasdaq price glitch leaves tech giants stocks fixed at $123.47

It also indicated that Amazon had lost as much as $398bn in market capitalisation, while Bed Bath & Beyond saw its value lift from about $4.4bn to $17.9bn. The glitch happened after the close of the USA markets on Monday. In a statement to the Financial Times , Nasdaq said the culprit was "improper use of test data" that was picked up by third party financial data providers.

Business

Is Bankrate Inc (RATE) a Buy? The Stock Rises Again

The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. On Tuesday, April 25th, Steven Barnhart sold 6,702 shares of Bankrate stock. Goldman Sachs upgraded the shares of RATE in report on Friday, February 26 to "Neutral" rating. Two Sigma Investments LP now owns 389,195 shares of the bank's stock valued at $4,301,000 after buying an additional 4,704 shares during the period.

Business

Noticeable Stock to Watch: Encana Corp (NYSE:ECA)

Desjardins Securities maintained it with "Hold" rating and $13.75 target in Friday, March 31 report. After $0.23 actual earnings per share reported by Regions Financial Corp for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Business

Could the Atlantic see Tropical Storm Don this week?

Conditions are favorable for Invest 94-L to develop into a tropical depression soon, forecasters said, and most models agree it will strengthen into a tropical storm - and possibly a hurricane - by the end of the week. Almost all of the reliable computer models bring this disturbance up to tropical storm strength within the next 5 days. A tropical wave rolling across the Central Atlantic is threatening to become a tropical storm or depression over the next five days, hurricane forecasters ...

Business

Barclays former CEO and three bankers in court to face fraud charges

Mr. Jenkins was the executive chairman of investment banking and investment management in the Middle East and North Africa at Barclays Capital at the time of the fund-raising, and played a key role in helping to arrange it. The Barclays prosecution is one of the most high-profile cases to be brought by the SFO. Barclays Bank is also facing multiple charges. It also charged former Barclays CEO John Varley and former executives Roger Jenkins , Tom Kalaris and Richard Boath with ...


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