THE examiner of a company operating a chain of fuel stations employing 140 people has told the High Court he is finalising an investment arrangement which he hopes will secure the company's businesses.
NAMA, owed some €53m by Tougher's Oil Distributors, told Mr Justice Peter Charleton yesterday it was reserving its position on whether to contest the proposed survival scheme, to be put before the company's creditors later this month.
Declan Murphy, for National Assets Management Ltd, said it would need to assess the proposals advanced.
The judge granted the application to extend the time for the examiner to present a finalised survival scheme for the company.
Randy Travis drink charge
Blood alcohol results show country music star Randy Travis was drunk when he was arrested naked following a traffic accident in Texas, say prosecutors.
Travis was charged with driving while intoxicated with a blood alcohol level greater than 0.15. The legal limit in Texas is 0.08.
The misdemeanour is punishable by up to two years in jail and a $4,000 (¤3,000) fine.
Fury as nanny is beheaded
UN human rights experts say Saudi Arabia broke international law by beheading a Sri Lankan domestic worker accused of killing a Saudi baby in her care in 2005.
On Wednesday, the Saudi Interior Ministry said Rizana Nafeek was given a death sentence and executed, despite appeals by the Sri Lanka government for a reprieve.
The domestic worker, then 17, had denied strangling the four-month-old boy.
Tiger den man denies trespass
A man who jumped into a tiger den at a New York zoo pleaded not guilty to trespassing yesterday.
"I was testing my natural fear," David Villalobos (25) said after the incident.
He jumped from a monorail car and was attacked by a 400lb Siberian tiger. He suffered bites on his arms, legs, shoulders and back before being rescued by workers, who used a fire extinguisher to chase the animal away.