Hanjin’s creditors ready to provide $90 million in funds

A crane carries a container from a Hanjin Shipping ship at the Hanjin container terminal as a China Shipping Line ship (L) arrives at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul, August 8, 2013. REUTERS/Lee Jae-Won/File Photo - RTX2O4TB

Here is the latest Business News from CNBC.

Hanjin’s creditors ready to provide $90 million in funds
The funding is seen as falling far short of what the world’s seventh-largest container carrier needs after filing for court receivership.

Tencent edges out China Mobile to become Asia’s most valuable company
Tencent Holdings has become the most valuable company in Asia, beating out China Mobile, the SCMP reports.

Bayer in advanced takeover talks with Monsanto after raising its offer
German drugmaker Bayer said on Monday it was in advanced talks to acquire Monsanto and was raising its offer for the U.S. seed producer.

Is Snapchat planning to build an AR device?

HSBC customers can open new bank accounts using a selfie
HSBC business customers can now open new accounts by taking a selfie picture in order to verify their identity.

Hanjin takes legal steps to prevent global ship seizures as more vessels blocked
Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized.

Telefonica plans float for masts unit, eyes IPO or sale of O2 in 2017
Telefonica on Monday registered its intention to float for a partial listing of its masts unit Telxius.

Liberty Media nears deal for 10-15% stake in Formula One: Report
Liberty Media Corp is nearing a deal to buy a significant stake in the Formula One racing car series, the FT reported.

Spacecom tells SpaceX after blast: ‘You owe us $50 million or a free ride’
A satellite company whose device was destroyed by last week’s blast is putting SpaceX on notice.

Firearms stocks sell off as FBI background checks for gun purchases slow
Shares of firearms companies are weaker Friday, after August data on FBI background checks for gun purchases showed a slowdown.

UPS to raise rates by an average 4.9 percent in December
United Parcel Service will increase rates on many basic delivery services by an average of 4.9 percent starting Dec. 26.

Dropping the F-bomb when you’re a CEO: Is it ever OK?
Is it ever right for corporate leaders to publically swear?

Shipshape? What you need to know about Hanjin Shipping’s troubles
The downfall of the South Korean shipper, Hanjin Shipping, has sent shockwaves across businesses globally.

The drones are coming: How the YCH Group is staying competitive with technology
One company is making the traditionally staid world of warehouse management is getting exciting, with a little help from technology.

Asian outbound M&A climbs to record highs
Outbound mergers and acquisitions by Asian companies this year are set to reach the highest annual deal value on record, according to Mergermarket.

Early warning system for quakes still years away from West Coast rollout
The West Coast’s early warning earthquake system remains in testing, and there’s no firm date when it will get launched for the public.

HP Enterprise in talks to sell software unit to Thoma Bravo: Sources
Hewlett Packard Enterprise is in talks to sell its software division, hoping it can fetch between $8 billion and $10 billion.

A Silicon Valley dream collapses in allegations of fraud
WrkRiot is a familiar tale to many who arrive with the dream of creating the next tech juggernaut, The New York Times reports.

Verizon CFO Shammo to retire at the end of 2016
Francis Shammo, plans to retire at the end of the year and will step down from his role effective Nov. 1.

Student housing ups the ante on amenities
Residential developers are pouring money into the sector, upping the ante on amenities and seeing occupancy rise.

UK manufacturing posts largest rise in 25 years as Brexit shock fades
British manufacturing rebounded in August as factories recovered from the initial shock of June’s vote to leave the European Union.

SolarCity advisor Lazard made $400 million valuation mistake in Tesla deal
Lazard, the investment bank that advised SolarCity on its sale to Tesla, made an error that discounted the value of the solar energy company.

Ports begin turning away Hanjin Shipping vessels after receivership: Reports
A vessel of troubled South Korean container shipper Hanjin Shipping is unable to dock at a local port, Yonhap reported.

Supreme Court refuses to reinstate North Carolina voter ID measures
The U.S. Supreme Court has refused to reinstate North Carolina’s voter identification requirement.

McDonald’s says its president of US operations is retiring

Be the first to comment on "Hanjin’s creditors ready to provide $90 million in funds"

Leave a comment

Your email address will not be published.


Time limit is exhausted. Please reload the CAPTCHA.