Profit warning: Teleste records a goodwill impairment and a restructuring provision for the services business in … – GlobeNewswire (press release)

Restructuring

Turku, Finland, 2017-07-14 08:00 CEST (GLOBE NEWSWIRE) — TELESTE CORPORATION  STOCK EXCHANGE RELEASE    14.7.2017   AT 09:00 PROFIT WARNING: TELESTE RECORDS A GOODWILL IMPAIRMENT AND A RESTRUCTURING PROVISION FOR THE SERVICES BUSINESS IN GERMANY AMOUNTING TO A TOTAL OF EUR 9.3 MILLION AND CHANGES ITS FINANCIAL OUTLOOK FOR 2017 Due to the negative profitability development in…

Employee featured in hit Sears Canada ad with famous brother Mike Myers loses job and severance – CBC.ca

Restructuring

To give beleaguered Sears Canada a boost in 2014, employee Peter Myers recruited his famous brother, comedian Mike Myers, to star in a commercial for the retailer. The ad was a hit. It featured both Myers brothers using humorous banter to spread the message that, despite rumours, Sears wasn’t shutting down. “I was the face of ‘we’re…

Stake sales, leaner structure could brew up some cheer for Tata Global Beverages stock – Moneycontrol.com

Restructuring

Anubhav Sahu Moneycontrol Research Tata Global Beverages Ltd (TGBL), a relative laggard in the FMCG sector, is likely to catch the attention of serious investors thanks to its various restructuring initiatives. This stock could benefit from Tata Sons initiative of unwinding cross-holdings in group companies, which would help TGBL raise funds. There is also a…

Caesars Entertainment Restructuring Approved in New Jersey, Scheme Eliminates $16 Billion in Debt – Casino.Org News

Restructuring

Caesars Entertainment has received approval from the New Jersey Casino Control Commission (CCC) to restructure its business operations in Atlantic City. New Jerseys Casino Control Commission is allowing Caesars Entertainment to create a new operating division that will manage two of its three resorts in Atlantic City. (Image: Viviana Pernot/Press of Atlantic City) The corporate…

Battling WA bakery hopes to rise again with rescue bid – The West Australian

Restructuring

Third-generation family baker Mias has been put into administration, casting a cloud over about 150 jobs. Administrators from WA Insolvency Solutions were put into Canning Vale-based Mias Bakery and its associated milling business, West Coast Milling in Welshpool, on Tuesday by the companies sole director, Conrad Mias. Both businesses are continuing to trade with the…

The way forward – New Straits Times Online

Restructuring

CORPORATE restructuring seems to be the buzzword in the current difficult economic environment and more competitive marketplace. It is a management term for the act of reorganising the legal, ownership, operations of a corporate entity, usually driven by the necessity to make financial adjustments to its assets and liabilities. Corporations restructure for many reasons. While…

Icon Water cut a quarter of staff after ‘saving’ ActewAGL jobs – The Canberra Times

Restructuring

Icon Water has been criticised for re-signing a $27 million per year shared services deal with ActewAGL before slashing a quarter of its staff, an arrangement that allegedly raised eyebrows among rank-and-file staff. The union that covers Icon Water’s engineering and technical staff, Professional Services Australia, said Icon renewed two contracts with ActewAGL for IT…