Energy companies are feeling the pinch. Wall Street is getting ready to gorge. A precipitous decline in commodity prices, including the price of oil, in recent months means that flailing companies need to restructure their businesses. Lazard CEO Kenneth Jacobs on Friday said on a conference call Friday that his firms restructuring advisory business was…
“The United States of Insolvency is the graphic title of a sprawling article in Time magazines April 25 issue. That in itself is significant, as is the clear and punchy content of the piece which delivers the chapter and verse detailing why the headline is not imaginary or threatening, but rather factual and inexorable.…
German Finance Minister Wolfgang Schaeuble said Greece doesnt need debt relief now and wont require an easing of its debt burden as long as the troika of creditors determines that debt sustainability is ensured. The European Stability Mechanism, the euro regions financial backstop, will seek to lock in the favorable refinancing costs its passing on…
Ericsson (NASDAQ: ERIC) announced a corporate restructuring that includes business units dedicated to the IT and cloud sectors, news that comes alongside a reshuffled management team and relatively sluggish first quarter results. Specifically, Ericsson said that it will break up its businesses into five new units, two of which will focus on IT and cloud…