Text size Schlumberger’s revenue is down from two years ago, but margins are rising. Bertrand Guay/AFP via Getty Images A particularly strong quarter for oil-and-gas companies means the bar is higher for companies reporting earnings. Schlumberger appears to have leapt the hurdle with room to spare. The largest oil-services company in the world posed a…
BUSINESS RESTRUCTURING REVIEWVOL. 20 NO. 4 JULY AUGUST 2021IN THIS ISSUE1 Chapter 15 Update: U.S. Bankruptcy Court Refuses to Enforce Order Approving Indonesian Debt Restructuring Plan Due to Third-Party Releases7 Setoffs Under Sharia-Compliant Investment Contracts Not Safe Harbored in Bankruptcy11 U.S. Bankruptcy Code Tolling Provision Applies in Chapter 15 Case to Extend Deadlines Under Foreign…
Even prior to the global impact of COVID-19, commercial bankruptcy filings were already on the rise. As stay-at-home orders caused many businesses to close or significantly curtail operations in 2020, financial struggles in the commercial sector mounted. Government assistance through the passage of different stimulus programs such as the Coronavirus Aid, Relief, and Economic Security…
A local small business owner who put out an emotional video crying out for more help from the government was likely operating a company that was trading while insolvent. On Instagram, Carly Soderstrom posted a video saying small businesses couldn’t afford repeated lockdowns, and put direct blame for her financial woes on the pandemic. But…
US cloud company Rackspace is to lay off around 10 percent of workforce. The company said it was shedding around 700 hundred employees as part of a restructuring plan, and will use the money saved to reinvest and expand its product offerings in fast-growing areas of the business. On July 21, 2021, the company committed…
AT&T Inc. ( T, Financial) is a great investment option at the moment. The stock is set to experience upside through both systemic and idiosyncratic tailwinds. From a market perspective, the company is expected to perform well as it’s a value stock, which typically combat inflation. The company is also in a restructuring process, causing…
Consumer finance expert, Erica Sandberg, host of the weekly video podcast Making It in San Francisco that airs on KRON-4, spoke with Investopedia recently to share her take on the topic of debt relief in a post-pandemic world. Sandberg’s background as a budget and debt counselor at the Consumer Credit Counseling Service of San Francisco…
Pramote Polyamate John Bell, director and founder of Clarke Bell, reflects on the impact that reduced government support will have on struggling businesses over the months ahead and shares some advice on how companies can best navigate these financial challenges The next few weeks and months are going to be financially challenging as we tackle…
Companies on the brink of insolvency are increasingly appointing independent directors to their boards as they prepare for a bankruptcy filing, but their neutrality is disputed by creditors, lawyers and academics. The companies label these directors as disinterested experts who act to maximize value for creditors by investigating the reasons for the bankruptcy, dealings between…
The city of Huntsville, as well as other north Alabama government entities, have fully recovered incentives used to lure Remington Arms to open a gun manufacturing facility in the Rocket City. Huntsville officials made the announcement Friday in a statement, saying that $12.5 million in incentives to Remington has been regained through the sale of…