Money-losing country clubs adapt to changing times

Money-losing country clubs adapt to changing times

In northern Michigan, the highly acclaimed Treetops Resort filed for Chapter 11 bankruptcy protection in November, saying it was burdened with debt. Even affluent areas felt the pinch. Two weeks ago, the Malibu Golf Club outside Los Angeles filed for …

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Genco and Baltic Trading finally slated for long-rumoured merger

With size and consolidation the buzzwords in the struggling dry sector, it places Baltic's newer fleet of 15 bulkers beside Genco's 53 units. Baltic also has been grappling with liquidity and loan-covenant issues, as it has disclosed in securities …

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Amaya Earnings Call 4Q14: Highlights and Full Transcript

These financial measures are used by many investors to compare companies, and management believes they are important measures in evaluating Amaya. However, they … In recognition of that, we have initiated a process to explore alternatives to divest …

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JSFC Sistema UK Regulatory Announcement: Final Results

Our companies are now more resilient to withstand downturns than they were in 2008 with a comfortable net debt/adjusted OIBDA ratio of below 2 in the reporting year. Despite the fact that the Group's results were largely impacted by certain … As of …

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USD Weaker On Soft Data And Risk Seeking

In the forex markets, EURUSD was able to breakout of yesterday consolidation pattern, rallying to 1.0791. USDJPY bounced between … That means Athens will have scramble to get cash to pay pensions and salaries to make a €460 million debt repayment to …

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