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Rail World
Rail World is a rail transport holding company. Its specialties include railway management, consulting, investment, privatizations, and restructurings. Its purpose is to promote rail industry privatization by bringing together government bodies wishing to sell their stakes with investment capital and management skills. Overview Rail World was incorporated in July 1999 by Edward Burkhardt, who is the President and Chief Executive Officer. Rail World's assets consist of a controlling interest in San Luis Central Railroad in Colorado and a 100% ownership of Rail Polska (Poland) and Baltic Rail OU (Estonia). Subsidiaries *Baltic Rail OU (container train operator) *Rail Polska (freight railway operations) *Rail World Locomotive Leasing, (locomotive leasing) *Rail World Ukraine, a freight forwarding service * San Luis Central Railroad (railway freight operations) Response to Lac-Mégantic derailment After the derailment at Lac-Mégantic, Quebec, Canada of a Montreal, Main ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on '' Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montreal, Maine & Atlantic Railway
The Montreal, Maine and Atlantic Railway was a Class II freight railroad that operated in the U.S. states of Maine and Vermont and the Canadian province of Quebec between 2002 and 2014. It was headquartered in Hermon, Maine. Its Canadian subsidiary was named the Montreal, Maine and Atlantic Canada Company with offices in Farnham, Quebec. With the exception of an independently owned low-speed tourist train (the Orford Express) on one small segment between Magog and Sherbrooke, there was no passenger service on the MMA system. MMA and its Canadian subsidiary entered Chapter 11/ CCAA bankruptcy protection in August 2013 as a direct result of the Lac-Mégantic rail disaster, a runaway train incident in July 2013 which resulted in an estimated $200 million in damage and the deaths of 47 people. MMA's assets were sold at auction to Railroad Acquisition Holdings, LLC, a subsidiary of Fortress Investment Group, LLC on January 21, 2014. Fifteen locomotives worth $1.6 million were e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Severance Pay
Severance may refer to: Arts and entertainment * ''Severance'' (film), a 2006 British horror film * ''Severance'' (novel), a 2018 novel by Ling Ma *''Severance'', a 2006 short-story collection by Robert Olen Butler * ''Severance'' (TV series), a 2022 Apple TV+ sci-fi series * ''Severance'' (album), by Daysend, 2003 *''Severances'', a 1989 album by Masami Akita, recording as SCUM * "Severance", a 1988 song by Dead Can Dance from '' The Serpent's Egg'' *'' Severance: Blade of Darkness'', a 2001 fantasy action video game Finance and law *Severance (land), the division of land that does not require a plan of subdivision *Severance, the ending of a joint tenancy other than by death *Severance package, pay and benefits when an employee leaves a firm * Severance tax, a tax on non-renewable natural resources Structures * Severance Hall, a concert hall in Cleveland, Ohio, US * Severance Hospital, in Seoul, Korea Places in the United States *Severance, Colorado * Severance, Idaho, now ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangor Daily News
The ''Bangor Daily News'' is an American newspaper covering a large portion of central and eastern Maine, published six days per week in Bangor, Maine. The ''Bangor Daily News'' was founded on June 18, 1889; it merged with the ''Bangor Whig and Courier'' in 1900. Also known as ''the News'' or ''the BDN'', the paper is published by Bangor Publishing Company, a local family-owned company. It has been owned by the Towle-Warren family for four generations; current publisher Richard J. Warren is the great-grandson of J. Norman Towle, who bought the paper in 1895. Since 2018, it has been the only independently owned daily newspaper in the state. History The ''Bangor Daily News''s first issue was June 18, 1889; the main stockholder in the publishing company was Bangor shipping and logging businessman Thomas J. Stewart. Upon Stewart's death in 1890, his sons took control of the paper, which was originally a tabloid with "some news, but also plenty of gossip, lurid stories and scandal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangor, Maine
Bangor ( ) is a city in the U.S. state of Maine and the county seat of Penobscot County. The city proper has a population of 31,753, making it the state's 3rd-largest settlement, behind Portland (68,408) and Lewiston (37,121). Modern Bangor was established in the mid-19th century with the lumber and shipbuilding industries. Lying on the Penobscot River, logs could be floated downstream from the Maine North Woods and processed at the city's water-powered sawmills, then shipped from Bangor's port to the Atlantic Ocean downstream, and from there to any port in the world. Evidence of this is still visible in the lumber barons' elaborate Greek Revival and Victorian mansions and the 31-foot-high (9.4 m) statue of Paul Bunyan. Today, Bangor's economy is based on services and retail, healthcare, and education. Bangor has a port of entry at Bangor International Airport, also home to the Bangor Air National Guard Base. Historically Bangor was an important stopover on the Great Cir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Bankruptcy Court
United States bankruptcy courts are courts created under Article I of the United States Constitution. The current system of bankruptcy courts was created by the United States Congress in 1978, effective April 1, 1984. United States bankruptcy courts function as units of the district courts and have subject-matter jurisdiction over bankruptcy cases. The federal district courts have original and exclusive jurisdiction over all cases arising under the bankruptcy code, (see ), and bankruptcy cases cannot be filed in state court. Each of the 94 federal judicial districts handles bankruptcy matters. Technically, the United States district courts have subject matter jurisdiction over bankruptcy matters (see ). However, each such district court may, by order, "refer" bankruptcy matters to the bankruptcy court (see ). As a practical matter, most district courts have a standing "reference" order to that effect, so that all bankruptcy cases in that district are handled, at least initi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CBC News
CBC News is a division of the Canadian Broadcasting Corporation responsible for the news gathering and production of news programs on the corporation's English-language operations, namely CBC Television, CBC Radio, CBC News Network, and CBC.ca. Founded in 1941, CBC News is the largest news broadcaster in Canada and has local, regional, and national broadcasts and stations. It frequently collaborates with its organizationally separate French-language counterpart, Radio-Canada Info. History The first CBC newscast was a bilingual radio report on November 2, 1936. The CBC News Service was inaugurated during World War II on January 1, 1941, when Dan McArthur, chief news editor, had Wells Ritchie prepare for the announcer Charles Jennings a national report at 8:00 pm. Readers who followed Jennings were Lorne Greene, Frank Herbert and Earl Cameron. ''CBC News Roundup'' (French counterpart: ''La revue de l'actualité'') started on August 16, 1943, at 7:45 pm, being replaced by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Creditors Arrangement Act
The ''Companies' Creditors Arrangement Act'' (CCAA; french: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs. The CCAA within the Canadian insolvency regime In 1990, the British Columbia Court of Appeal discussed the background behind the introduction of the CCAA in one of its rulings: The Supreme Court of Canada did not have a chance to explain the nature of the CCAA until the groundbreaking case of ''Century Services Inc. v. Canada (Attorney General)'' in 2010. In it, a detailed analysis was given in explaining the nature of insolvency law in Canada. The ''Bankruptcy and Insolvency Act'' (BIA) provides a more rules-based approach for resolving a corporate debtor's insolvency, which must be observed strictly. The CCAA, on the other hand, provides a more discretionary approach that is remedi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montreal
Montreal ( ; officially Montréal, ) is the second-most populous city in Canada and most populous city in the Canadian province of Quebec. Founded in 1642 as '' Ville-Marie'', or "City of Mary", it is named after Mount Royal, the triple-peaked hill around which the early city of Ville-Marie is built. The city is centred on the Island of Montreal, which obtained its name from the same origin as the city, and a few much smaller peripheral islands, the largest of which is Île Bizard. The city is east of the national capital Ottawa, and southwest of the provincial capital, Quebec City. As of 2021, the city had a population of 1,762,949, and a metropolitan population of 4,291,732, making it the second-largest city, and second-largest metropolitan area in Canada. French is the city's official language. In 2021, it was spoken at home by 59.1% of the population and 69.2% in the Montreal Census Metropolitan Area. Overall, 85.7% of the population of the city of Montreal co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quebec Superior Court
The Superior Court of Quebec (french: Cour supérieure du Québec) is a superior trial court in the Province of Quebec, in Canada. It consists of 157 judges who are appointed by the federal government. Appeals from this court are taken to the Quebec Court of Appeal. Jurisdiction The Superior Court of Quebec is the court of original general jurisdiction, which hears all cases not expressly assigned to another court or administrative body. It possesses both criminal and civil jurisdiction. It also hears certain appeals in criminal and penal matters. Moreover, it also possesses exclusive jurisdiction to hear and determine class actions and applications for injunctive relief. Furthermore, the Superior Court is vested exclusive jurisdiction of judicial review over all lower courts in Quebec, over legal persons established in the public interest or for a private interest, and over partnerships and associations and other groups not endowed with juridical personality. All criminal m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
