Tagged: Manhattan

Arcapita Bank Wins Permission to Manage Cash, Pay Wages

Islamic Finance

2012-04-04

Arcapita Bank Wins Permission to Manage Cash, Pay Wages

Arcapita Bank BSC was given permission to use cash within a budget and pay employees in bankruptcy.
U.S. Bankruptcy Judge Sean Lane in Manhattan certified Arcapita’s requests on an interim basis to escape “irreparable harm” being done to the comp…

Arcapita Files for Bankruptcy Protection as Debt Talks Fail

Islamic Finance

2012-03-27

Arcapita Files for Bankruptcy Protection as Debt Talks Fail

Arcapita Bank BSC categorized for bankruptcy in the U.S. after failing to reach an agreement with creditors. The bank and five affiliates chased Chapter 11 protection in U.S. Bankruptcy Court in Manhattan, listing assets of $3.06 billion and liabilitie…

Against Mega Banking and In Favour of Mutuality

Islamic Finance

2012-02-02

Against Mega Banking and In Favour of Mutuality

When the Occupy Wall Street (OWS) movement in lower Manhattan’s Zuccotti Park gathered thousands of dollars in surplus donations, its decision-makers agreed upon a deliberate strategy of placing those sums with the customer owned Peoples Federal Cred…

: Gas prices fall below $4 per gallon for the first time in months
The average price for a gallon of gasoline has fallen below $4, according to a leading tracker of prices.
Dow Jones Newswires: Siemens cuts outlook after swinging to $1.71 billion loss
The loss came after a EUR2.7 billion impairment on its investment in Siemens Energy and EUR600 million in Russia-related charges.
Financial Crime: California man charged with naming phony film studio Desilu after famed ‘I Love Lucy’ production company to swindle investors
Charles Hensley claimed to be rich from creating the cold remedy Zicam, but was broke and used money from investors to line his pockets, prosecutors say.
Tax Guy: Didn’t win the Mega Millions jackpot? You still need an estate plan — here’s what to do
Estate plans are not just for the 'rich.'
The Wall Street Journal: FTC set to launch effort to expand online privacy protection rules
The Federal Trade Commission is expected to begin writing federal rules to expand online privacy protections as soon as Thursday, according to people familiar with the matter.
: Do you have money you don’t need? Here are 8 ways to spend it.
Treat this money -- and all your money -- with respect.
: America’s biggest ports are still contending with record volume, indicating the country’s supply-chain woes are far from over
The congestion could ease as consumers slow their shopping amid inflation and concerns about the economy
Earnings Results: Disney to raise streaming prices while launching ad-supported tier, stock pops as subscriber total tops Netflix
Walt Disney Co. added more streaming subscribers than expected and topped Netflix Inc.'s total in the second quarter, and plans to launch an ad-supported tier while increasing prices on its current offerings before the end of the year.
Earnings Results: Marqeta revenue forecast matches expectations, stock falls after earnings
Shares of Marqeta Inc. gained 6.5% in Wednesday's session, but they looked poised to give back those gains, based on after-market indications, after the company gave a revenue forecast for the current quarter that was roughly in line with expectations.
Earnings Results: Applovin stock falls after outlook cut amid big offer for Unity Software
Applovin Inc. shares fell in the extended session Wednesday after the app-monetization company said it was rolling back its outlook for the year, a day after it offered to buy Unity Software Inc. for $20 billion.

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