| Accounting and Consultancy
In this issue of Quoted Business we look at the internationalisation of Aim, and how cross-border mergers and acquisitions are flourishing alongside it. AIM�S GLOBAL REACH Article by John Cowie John Cowie on Aim�s coming of age on the global stage. Despite the best efforts of those... .
Charges dropped against Arkansas RB Michael Smith
Prosecutors have dropped forgery and theft charges against Arkansas running back Michael Lee Smith, who was accused of using a stolen credit card. A co-defendant provided a sworn affidavit that cleared Smith, Deputy Prosecutor Bill Jones said. "And I have nothing to dispute that and, therefore, am not going to file charges," he said. Smith, 20, was arrested Sept. 23 on second-degree forgery and theft-by-receiving charges. Razorback coach Houston Nutt suspended Smith from the team for a time but restored him to the roster. Smith is a reserve player behind Darren McFadden and Felix Jones. In the criminal case, co-defendant Micah Kirschbaum, 18, of Greenland is charged with 12 counts of fraudulent use of a credit card and four counts of second-degree forgery.
Bankrupt nonprofit has debt of nearly $900K
BROCKTON� Brockton Family and Community Resources Inc. owes its creditors nearly $900,000, including several years worth of back taxes and nearly one year of unpaid rent, according to bankruptcy court records.The nonprofit social service agency, which serves survivors of trauma and violence, has sought bankruptcy protection after failing to pay its employee payroll taxes for 2004, 2005 and part of 2006.The agency owes roughly $614,000 to the IRS in back taxes, according to its Chapter 11 filing at the U.S. Bankruptcy Court in Boston.Agency attorney David B. Madoff of Foxboro said this debt is the reason for the bankruptcy filing.But records show that the agency has other significant debts as well, including roughly $64,000 in unpaid state payroll taxes and nearly one year's worth of unpaid rent.The agency owes just more than $67,000 to the landlord for its building at 9 Belmont St., according to court records.The landlord, Guerreiro & Bota Inc., declined to comment Thursday.The $6,000-per-month rent for the Belmont Street building is the main reason the agency is moving today to its former location at 18 Newton St., Madoff said.
Sanmina-SCI Calls for Partial Redemption of Senior Floating Rate Notes Due 2010
SAN JOSE, Calif., Nov. 16 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation (Nachrichten) ("the Company") is calling today for redemption on December 18, 2007 $120.0 million in aggregate principal amount of its Senior Floating Rate Notes due 2010 (the "Notes"). The aggregate principal amount of the Notes currently outstanding is $300.0 million. The CUSIP numbers for the Notes being called for redemption are 800907 AL1and U80024 AC3. Upon redemption, holders of the Notes being redeemed will receive the principal amount of the Notes being redeemed, plus accrued and unpaid interest to but excluding the redemption date. "This is the first step in our debt reduction initiative and we remain committed to utilizing our positive cash flow to further reduce debt in fiscal 2008," stated Jure Sola, Chairman and CEO of Sanmina-SCI Corporation.
|
