Tupperware, the US maker of food storage containers, has warned that it could go bust unless it can quickly raise new financing.
The 77-year-old firm said there was “substantial doubt about its ability to continue as a going concern”.
Tupperware has been trying to reposition itself for a younger audience but has failed to stop a slide in its sales.
Its shares plunged nearly 50% on Monday before recovering slightly on Tuesday.
The firm became well-known in the 1950s and 1960s when
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As the winter fades away and a new season begins, you might have more than just spring cleaning in mind; you also might be looking for more of a home refresh.
That can take the shape of making home improvements, home repairs and/or renovations. Doing so can help you enjoy your space more while also potentially increasing the value of your home.
Depending on the type of project and your local real estate market, you might be able to recover most, if not all, of
For many, the main point of investing is to generate higher returns than the overall market. But even the best stock picker will only win with some selections. So we wouldn’t blame the long term Lument Finance Trust, Inc. (NYSE:LFT) shareholders for doubting their decision to hold, with the stock down 31% over a half decade. And we doubt long term believers are the only worried holders, since the stock price has declined 30% over the last twelve months.
Since shareholders are down over the longer term, lets look at the underlying fundamentals over that time and see if they’ve
Silicon Valley Bank disclosed it had $1.8 billion in paper losses on some bonds by the end of 2022.
And yet the lenders didn’t reduce a key measure of capital strength monitored by regulators. Those losses became existential for the bank once it was forced to sell these assets, triggering a run that ended with the bank’s seizure on March 10.
The US banking system currently has hundreds of billions in unrealized losses lurking in its system that don’t weaken buffers designed to protect banks from future shocks. Why would regulators allow that?
The short answer: Compromise.
Years ago, US
When tax time rolls around each year, it’s common for couples to discuss money matters. You kinda have to, right? You’ll see where you stand — how much tax you owe or the expected size of your refund. Fingers crossed.
It’s a good opportunity to benchmark your progress toward money goals, for sure. And you may not spend a lot of time discussing how to improve your financial position. Tax time is more of a “get it done” moment.
But improving net worth and financial security are built on the foundation of small, consistent moves. That requires ongoing communication.
On March 7, 2023, PayPal Holdings, Inc (NASDAQ: PYPL) said CFO Blake Jorgensen would immediately step down.
Jorgensen will remain as a senior advisor through September 15, 2023.
Jorgensen’s decision does not reflect any dispute or disagreement with the Company.
Gabrielle Rabinovitch will continue to serve as acting CFO.
The departure followed a leave of absence for health reasons amid a shuffle of upper management at the online-payments platform, Bloomberg reports.
In February, CEO Dan Schulman shared plans to retire from PayPal on December 31, 2023. The Board will retain a search firm to help find Schulman’s successor.
In February,
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A home for sale on Conarty Cres. in Whitby, Ont., is photographed photographed on Jan. 4. The number of homeowners arranging financing through private mortgages is expected to rise for 2022 and 2023 as high interest rates put further pressure on homeowners.Fred Lum/the Globe and Mail
A dramatic increase in the number of homeowners relying on private mortgages to finance their homes is causing concern in Ontario’s mortgage industry, and the province’s financial regulator says it expects reliability on such high-interest loans to increase.
The Financial Services Regulatory Authority of Ontario said 10.6 per cent of homeowners arranging financing
LONDON (Reuters) – Financial firms in Britain and the European Union remained under significant pressure to comply with diverging environmental, social and governance (ESG) rules over the past six months, KPMG’s Regulatory Barometer showed on Monday.
The barometer, aimed at helping firms with compliance planning, also tracks the scale of the divergence between UK and EU regulations, with KPMG saying the biggest differences are in areas like customer protection and access to markets.
“As the UK forges ahead with new approaches post-Brexit, and regulators consider their new competitiveness objectives, firms will likely need to adapt to an increasingly different set
