3M Co. beat analysts fourth-quarter profit estimates as the maker of Post-it notes and Scotch tape cut costs to fight the effects of a strong U.S. dollar. Earnings fell 8.3 percent to $1.66 a share, including a 14-cent restructuring charge, the St. Paul, Minnesota-based company said Tuesday in a statement. Analysts had expected profit of…
Suzanne Husted went through a rough patch about a decade ago and had to take out a pair of $300 payday loans to get by. She said she paid each back within a couple of months. Now she’s getting calls from two different debt collectors insisting that $2,400 in principal and interest is owed and…
Sir Martin Sorrell, CEO of the worlds biggest advertising holding group by revenues, WPP, thinks rival company Publicis Groupes recent big restructuring was to distract attention from the companys other issues. Speaking to Business Insider at the World Economic Forums Annual Meeting in Davos, Sorrell said the restructure had some fundamental flaws. In December, Publicis…
Its been more than 20 years since plans for a single financial services market in Europe first took shape, but progress has been limited, inhibited by national interests and a heterogeneous marketplace, characterised by differing rules and regulations. Figures for cross-border personal financial services show how limited it is. The share of consumers who have…
Share this video Some crabs are just born into a life of crime. This one doesnt care that youve just worked a 12-hour shift and are struggling to feed your kids with that benefit income hell rob every penny from you and take Mrs Crab out for a nice steak dinner. Awful crustacean. It reminds…
Latvia’s metallurgical plant KVV Liepajas metalurgs has unpaid electricity bills, Latvenergo power utility told LETA. The electric company has signed a power supply agreement with KVV Liepajas metalurgs, according to which electricity bills are paid every ten-day period of the month. Latvenergo already earlier has demonstrated understanding when KVV Liepajas metalurgs found it difficult to…
Under the plan, the company’s secured lenders will convert $230 million of secured debt into equity, provide $40 million of exit financing, in the form of debt and equity, and provide a $40 million asset-backed loan. The $80 million of incremental liquidity will support American Apparels turnaround plan, and interest expense will decrease by $20…
Its been more than 20 years since plans for a single financial services market in Europe first took shape, but progress has been limited, inhibited by national interests and a heterogeneous marketplace, characterised by differing rules and regulations. Figures for cross-border personal financial services show how limited it is. The share of consumers who have…