Going Out Of Business
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Jacko concert bosses hope to recover losses via $17.5M insurance cover
Washington, July 3 (ANI): The organisers of Michael Jackson’s London concert hope to recover their losses through the insurance cover, if the pop star died accidentally, including of a drug overdose.
Concert promoter AEG Live’s chief executive Randy Phillips said that the company took out 17.5 million dollars in insurance coverage through Lloyd’s of London.
While 40 [...]
Russian state bank takes over Dynamo Moscow for debt
MOSCOW, April 10 (Reuters) – Russian state bank VTB (VTBR.MM) took control of Dynamo Moscow, one of the country’s oldest soccer clubs, which gave up its shares to the bank in exchange for debt forgiveness, VTB’s chief said Friday.
VTB, Dynamo’s longtime sponsor, had loaned an undisclosed sum to the club for reconstruction of its [...]
Circuit City stores puts up the shutters for good!
The six-decade long eventful business journey of Circuit City Stores Inc has sadly come to an end – with the renowned consumer electronics retailer putting up the shutters on its business for good on Sunday, March 8!
After the Richmond, Virginia-based Circuit City became the most prominent retailer to file for bankruptcy in November, amid recession, [...]
