Tag Archives: collapse

Dominic Chappell to be prosecuted over BHS collapse

The Pensions Regulator is to prosecute Dominic Chappell, the former boss of retail chain BHS. He is charged with failing to provide information and documents the regulator requested during its investigation into the sale of BHS. Chappell’s Retail Acquisitions (RAL) bought BHS for just £1 in 2015 from billionaire retailer Sir Philip Green. The collapse of BHS led to the loss of 11,000 jobs and a pension deficit of £571m. RAL was put into liquidation earlier this year. Mr Chappell has been summonsed to appear at Brighton Magistrates’ Court on ...

Read More »

Why a Pennsylvania insurer's collapse could whack Californians in the wallet

How Trump can upend Obamacare without Congress Among all the reasons for rising health insurance premiums, this one might be the most obscure: A long-term care insurer in Pennsylvania just went belly-up. Health insurers across the country are on the hook for hundreds of millions of dollars in losses stemming from the insolvency of Penn Treaty American Corp., of Allentown, Pa., and its two subsidiaries. Insurance company failures are rare, but when they do happen surviving companies are responsible to help pay off the company’s claims and protect policyholders through ...

Read More »

Health care collapse; Earnings abound; Netflix and thrill

Click chart for in-depth premarket data. 1. Health care failure: Investors are not very impressed with news coming out of Washington. President Trump’s effort to repeal and replace Obamacare came to a screeching halt Monday night after Senators Mike Lee of Utah and Jerry Moran of Kansas vowed to vote against the latest draft of the health care bill. The dollar index — which compares the greenback to its global peers — declined to its lowest level since September. Investors are worried about the Trump administration’s ability to follow through ...

Read More »

South Korea Samsung Heavy shipyard halts work after crane collapse

South Korea’s Samsung Heavy Industries Co Ltd said on Tuesday all production has been halted in its Geoje shipyard due to an order from local authorities after a fatal crane collapse. Five people died and about 20 were injured when the crane collapsed on Monday at the shipyard during construction of an oil platform for French energy company Total, the two companies said. Samsung Heavy said in a filing the halt could affect ongoing construction of vessels and offshore structures and that work would resume after local authorities approve safety ...

Read More »

Thorpeness cliff collapse kills man

A man has died after part of a cliff collapsed on to a beach in Suffolk. Emergency crews were called to Thorpeness Beach at about 13:25 GMT after reports a man was trapped under a landslide. A search operation was launched to try to find – and then free – the man, thought to be in his late-50s, but he died at the scene. An elderly woman also suffered minor injuries but was not taken to hospital, ambulance officials said. Police, fire, ambulance and coastguard crews all took part in ...

Read More »

The Fed decides; Techies meet Trump; Pharma deal collapse

Click chart for in-depth premarket data. 1. Preparing for a rate hike: The U.S. Federal Reserve is widely expected to raise interest rates on Wednesday. The last time the Fed hiked rates was December 2015. Let’s block ads! (Why?) Latest financial news – CNNMoney.com

Read More »

'Scores dead' in Nigerian church collapse

A church roof has collapsed in Uyo, Nigeria, killing at least 60 people attending the ordination of a bishop, reports say. Hundreds of people were inside the Reigners Bible Church including the governor of Akwa Ibom state, Udom Emmanuel, when the roof collapsed, Nigerian media report. Mr Emmanuel was rushed to safety by his security guards. Pictures from the scene show collapsed metal girders and corrugated iron. Let’s block ads! (Why?) BBC News – Home

Read More »

England v Bangladesh: Tourists collapse to 108-run defeat

Bangladesh claimed their first Test win over England as the tourists lost 10 wickets for just 64 runs after tea on day three of the second Test in Dhaka. Chasing 273, England collapsed from 100-0, with 19-year-old Mehedi Hasan taking 6-77 and Shakib al Hasan 4-49. They had finally dismissed the hosts for 296 after four dropped catches. Bangladesh had only beaten Zimbabwe and the West Indies in Tests before, but the 108-run win means the two-match series finished 1-1. England needed their highest successful run chase in Asia and ...

Read More »

McCoy 'furious' after latest Chargers collapse

11:23 PM ET SAN DIEGO — Angered by his team’s inability to finish games, San Diego Chargers coach Mike McCoy fumed after Sunday’s latest setback, which saw the Chargers waste a 13-point lead in the last five minutes against the New Orleans Saints at Qualcomm Stadium. “[I’m] furious,” McCoy said when asked about his state of mind after the 35-34 loss. “It’s a major disappointment. You get the lead we had, and to fall apart — a major disappointment. Frustration is an understatement. I can’t say right now in this ...

Read More »

Syria conflict: Russia fears collapse of ceasefire

Russia’s military says rebel groups have increased attacks in Syria despite a ceasefire and has urged the US to act or be responsible for its collapse. Russian generals said attacks by rebels, some US-backed, had increased sharply over the past 24 hours. Gen Viktor Poznikhir said the rebel groups had “not met a single obligation” of the truce. President Vladimir Putin earlier accused the rebel groups of exploiting the ceasefire to regroup. Russian General Vladimir Savchenko said “the situation in Syria is worsening”, with 55 attacks over the past 24 ...

Read More »