News That Matters

Finance

AMC Entertainment May Hit Up European Investors for Cash

Finance
AMC Entertainment (NYSE: AMC) stock is down a stunning 67% over the past year. The movie theater industry has not only had to deal with an underwhelming box office but also long-term concerns over the rise of streaming video and the potential for a shortened first-run movie window .AMC's fall has been even more severe than that of other large theater chains, however, due to its high level of debt. As of the end of the recent quarter, AMC had a whopping $ 4.3 billion in debt. Including capital leases, the number is almost $ 5 billion. That's very high, considering AMC has a market capitalization of just $ 1.5 billion. That debt load was due to AMC buying three other theater chains over the past year -- Carmike Cinemas, Odeon (in the U.K,  Germany, Austria...
Set Specific Goals to Manage Your Wealth Better

Set Specific Goals to Manage Your Wealth Better

Finance
Shutterstock photoBy Kevin SimpsonWhen you make specific goals, you’ll find saving for them comes more naturally and you’ll be more likely to achieve them. While saving money and being financially self sufficient are goals that many people have, not everyone achieves them. This is partially due to lack of clear focus. Defining specific goals for financial savings helps you achieve them more quickly and also manage your wealth better.Where to StartThe first place to start is to look at what you wish to achieve and why you are saving and investing. Do you want to put a down payment on a house? Do you intend to pay for your kids’ college education or your own? Are you aiming to create a nest egg for emergencies and any possible scenarios you may need to weather down the road such as
Here's what you can do if a restaurant overcharges even after the GST rate cut

Here's what you can do if a restaurant overcharges even after the GST rate cut

Finance
The government may have slashed Goods and Services Tax (GST) rates of 178 products last week, but entities are finding some dubious ways of not passing on this benefit to you, the consumer. Have a look at what restaurants are doing after GST rates were slashed. It has come to light that some restaurants, including some big names, have increased their prices post the reduction in rates thereby not passing on the benefits to customers. The likes of McDonald's and Starbucks have got queries from tax officials seeking details about menu prices before and after the latest reduction in prices. So, other than having a failed argument with the management, is there something you can do if you notice that the restaurant that you have eaten at is overcharging you in the name of GST? Before we tell...
Banks squeeze India firms harder in $207 billion bad loan fight

Banks squeeze India firms harder in $207 billion bad loan fight

Finance
By Anurag Joshi and Anto AntonyRoiled by India’s high-profile corporate defaults, the nation’s lenders are tightening the screws on borrowers with stricter debt covenants and greater enforcement as the battle to curb delinquent loans intensifies. Banks are asking for collateral that may amount to one-and-a-half times the value of the debt on new loans extended and are insisting on contracts that allow loans to be turned to equity if the account becomes stressed, said Prabal Banerjee, chief financial officer at Bajaj Group. Borrowers in telecom, thermal power and steel businesses are among those facing strict terms, said S&P Global Ratings analyst Abhishek Dangra. “Banks are trying their level best to recover what they can upfront at the first sign of trouble,” said Rethish Varma, a B
America’s culture wars are spreading to hotels

America’s culture wars are spreading to hotels

Finance
CHOOSING a hotel for a trip is generally seen as an apolitical decision. In contrast, restaurants and cafes have sometimes taken on an ideological tinge, with conservatives mocking liberals for their latte coffees, and liberals ribbing conservatives for their deep-fried everything and well-done steaks. But for most hotel users, location and good Wi-Fi matter more than the ideology of the owners. In some places that now appears to be changing: a trend turbocharged since the arrival of Donald Trump, an owner of an international hotel brand, in politics.Suddenly the new Trump International Hotel in Washington, DC—on the same street as the White House and Capitol building—became the most politically-charged building in the city, if not the country. Celebrity chefs scrapped their plans to open