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Austin Reed to shutter 31 stores amid restructure
2015-01-19 14:30:00| Daily apparel & textile news and comment - from just-style.com
UK clothing retailer Austin Reed Group is to shutter 31 stores and receive a GBP3m (US$4.5m) cash injection from shareholders as part of a company voluntary arrangement (CVA) to try to return the business to profitability.
Price of Brent crude oil falls further amid record oil production in Iraq
2015-01-19 01:00:00| Offshore Technology
The price of Brent crude oil declined below $50 a barrel following the announcement of record oil production in Iraq for December.
Tags: price
record
production
oil
RadioShack Delays Some Rent Payments Amid Restructuring
2015-01-16 09:30:52| Telecom - Topix.net
RadioShack Corp. has delayed paying January rent on some stores as it works to conserve cash during its restructuring effort, according to people familiar with the matter. The Fort Worth, Texas, consumer-electronics retailer is preparing to file for bankruptcy protection next month and has reached out to potential lenders that could fund its operations during a Chapter 11 restructuring, The Wall Street Journal reported Wednesday .
Tags: rent
payments
delays
restructuring
New report shows surge in venture funding, amid concerns that some companies are overvalued
2015-01-16 06:54:28| Biotech - Topix.net
Venture capitalists poured a whopping $48.3 billion into U.S. startup companies last year, investing at levels that haven't been seen since the heady days before the dot-com bubble burst in 2001. Software and biotechnology companies were the leading recipients of venture funding in 2014, which rose more than 60 per cent from the previous year, according to a new report issued Friday.
Tags: report
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concerns
RadioShack Delays Some Rent Payments Amid Restructuring
2015-01-16 05:29:26| IT Services - Topix.net
RadioShack Corp. has delayed paying January rent on some stores as it works to conserve cash during its restructuring effort, according to people familiar with the matter. The Fort Worth, Texas, consumer-electronics retailer is preparing to file for bankruptcy protection next month and has reached out to potential lenders that could fund its operations during a Chapter 11 restructuring, The Wall Street Journal reported Wednesday .
Tags: rent
payments
delays
restructuring
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