North America

Results for North America

Insolvency Rising In Canada: CIBC Report

in Manitoba and Saskatchewan rose by almost 11 per cent, while Alberta saw an increase of 6.5 per ...

Daily Headline - global.abi.org - 05/19/2015 - 20:15 - 0 comments

Temporary, Casual And Self-Employed Account For 75% Of Workers

Three-quarters of the world’s workers are temporary, casual or self-employed and this sort of employment is likely to become more prevalent, says the International Labour Organisation. The ILO, a UN agency that specialises in work, analysed employment pa ...

Daily Headline - global.abi.org - 05/18/2015 - 23:16 - 0 comments

UK Pensioners To Benefit As Judges Order Insolvent Nortel’s Assets To Be Divided Equally

Former UK employees of Nortel Networks, the insolvent Canadian telecoms firm, could receive up to two thirds of their long-deferred pension claims after the US and Canadian courts ruled that the company’s remaining assets should be equally divided among ...

Daily Headline - global.abi.org - 05/18/2015 - 23:17 - 0 comments

Southern Pacific To 'Hibernate' STP-McKay Oilsands Project

An operationally troubled thermal oilsands project in northern Alberta, built for nearly half a billion dollars, is to be shut down this summer while its insolvent owner tries to find a solution to its money woes, The Calgary Herald reported. Calgary ...

Daily Headline - global.abi.org - 05/14/2015 - 19:27 - 0 comments

Itaú-led Group Sues Brazil's Schahin For $371 Million In Overdue Loans

key client Petróleo Brasileiro SA hampered its efforts to refinance up to 6.5 billion reais ($2.1 ...

Daily Headline - global.abi.org - 05/13/2015 - 22:30 - 0 comments

Judges Craft Their Own Formula For Nortel's $7.3 Billion In Cash

The Canadian and U.S. judges charged with dividing the $7.3 billion from the liquidation of Nortel Networks rejected proposals from former regional businesses and opted for a pro rata split of the money in long-awaited rulings on Tuesday, Reuters reporte ...

Daily Headline - global.abi.org - 05/12/2015 - 20:57 - 0 comments

U.S. Steel Creditor Protection Extended To Fall

U.S. Steel was able to extend its creditor protection deadline to the fall, although previous court filings suggest the restructuring will go beyond the new September deadline, CBC.ca reported. This is the third extension of U.S. Steel Canada's (USS ...

Daily Headline - global.abi.org - 05/07/2015 - 22:41 - 0 comments

Auto Contracts At Risk If Creditor Claim Isn’t Approved, U.S. Steel Says

U.S. Steel has issued a thinly veiled threat to shut down parts of its Canadian operations if its claim to be owed $2.2 billion by its struggling Canadian arm is not allowed, The Hamilton Spectator reported. In court documents filed this week, the co ...

Daily Headline - global.abi.org - 05/05/2015 - 21:50 - 0 comments

Barclays Wins $4 Billion Lehman Clash as Court Spurns Appeal

Barclays Plc is entitled to $4 billion in assets stemming from the Lehman Brothers Holdings Inc. collapse, as the U.S. Supreme Court rejected an appeal from the bankruptcy trustee for the firm’s brokerage business, Bloomberg News reported. The justices l ...

Daily Headline - global.abi.org - 05/04/2015 - 21:13 - 0 comments

More Seniors, Swamped By Credit Card Debt, File For Insolvency

Swamped by credit card debt, a growing number of seniors and those approaching retirement are filing for insolvency in Ontario, according to a new report released on Monday, The Toronto Star reported. Bankruptcy trustee firm Hoyes, Michalos & Ass ...

Daily Headline - global.abi.org - 05/04/2015 - 21:14 - 0 comments

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