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Ambani avoids jail as RCom pays $77m to Ericsson

2019-03-18 01:00:00| Total Telecom industry news

Reliance Communications' chairman Anil Ambani has avoided a custodial sentence as his company completed the payment of $77m to Swedish network equipment provider Ericsson.  The money was due to have been paid by the end of 2018 and Ambani was given until the 20th March 2019 to make payment of the outstanding dues or face imprisonment for contempt of court…read more on TotalTele.com »

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German economy narrowly avoids recession

2019-02-14 09:29:58| BBC News | Business | UK Edition

The economy has been hit by a slowdown in the global economy and problems in the car sector.

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Sears avoids liquidation but remains a "broken business"

2019-01-16 16:12:00| Daily apparel & textile news and comment - from just-style.com

Edward Lampert, chairman of Sears Holdings, has prevailed in a bankruptcy auction for the troubled department store retailer, having sweetened his takeover bid to US$5.2bn. But while the move means about 400 stores will remain open, one analyst warns Sears is still a "broken business that is surrounded by gloom".

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Sears Avoids Liquidation, but Lamperts Bid to Save the Retail Icon Isnt a Done Deal

2019-01-09 17:33:39| National Real Estate Investor

A judge granted ESL until 4 p.m. today to come up with a $120 million deposit and Sears will allow Lampert to take part in a bankruptcy auction scheduled for Monday.

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Ex-UBS trader avoids deportation - for now

2018-08-21 18:09:34| BBC News | Business | UK Edition

Kweku Adoboli, who was convicted of a huge fraud in 2012, is trying to avoid being sent back to Ghana.

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