Faced with increased competition from fast-fashion retailers as well as online rivals, PacSun has opted for bankruptcy protection. Pacific Sunwear of California Inc. (PacSun), a teen apparel, has succumbed to increased losses amongst fierce competition in the industry and will… Read More ›
North Carolina has enacted this law to safe guard children against acts, including molestations. With North Carolina passing a controversial law which targets lesbians, gays, bisexuals and transgenders, PayPal Holdings Inc. which had plans on investing $3.6 million in the… Read More ›
Companies will now have to re-work their tax strategies in order to optimize their U.S. tax profile. In what has been described as a major victory for President’s Obama’s drive to curb tax dodging moves made by corporates, Pfizer Inc’s… Read More ›
World’s biggest cyber heists, the theft of $81 million from the Bangladesh central bank, seems to be the handiwork of Chinese hackers according to a senator in the Philippines. On the other hand, a female bank manager in Manila accused… Read More ›
ValueAct had settled earlier disputes by paying a penalty of $1.1 million. In this case however, the lawsuit hinges on the definition of “passive” holdings as defined in the Hart-Scott-Rodino (HSR) Act. Citing violations of notification requirements related to Halliburton… Read More ›
The Panama Papers come at a time when countries across the globe are facing a financial shortfall. It would be in their interest to recover monies illegal parked in offshore accounts. With the leaking of documents from a Panamanian law… Read More ›
Is this another Edward Snowden for financial dealings? In a development that is likely to have serious wide ranged implications, tax authorities in New Zealand and Australia are investigating into a massive data leak from a Panama based law firm… Read More ›
China’s car safety watchdog AQSIQ has said that 60K SUVs are to recalled for ABS malfunction. As per a statement by China’s car regulator, Fiat Chrysler Automobiles NV’s China unit is all set to recall around 60,000 sport-utility vehicles in… Read More ›
Its aggressive acquisition strategy has saddled it with a whopping $11 billion in debt. However, since TerraForm Global Inc and TerraForm Power Inc, its sibblings, are yieldcos, with separate legal identities, they need not follow SunEdison if it were to… Read More ›
The body set up to improve standards and bolster the industry’s reputation in the wake of the Libor-rigging crisis, handed over their first report cards for Britain’s major banks. The assessments of the behaviour and culture inside the major banks… Read More ›
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