Sears Canada said Thursday it is seeking court protection from its creditors in order to restructure its business. The struggling retailer has piled up losses and seen its stock dive, losing more than 80 per cent of its value in the last year, despite efforts to reinvent itself at a time when more Canadians are…
Telefonaktiebolaget LM Ericsson (publ) (ERIC – Free Report) recently announced that it has inked an agreement with Singapore-based power-supply products provider, Flex, to divest its Ericsson Power Modules (EPM) business. The transaction, subject to customary closing conditions and regulatory approvals, is scheduled to close in third-quarter 2017. The deal marks the first exit of assets…
Shares in Sears Canada were halted Thursday morning after the retailer said it is seeking court protection from its creditors while it restructures itself. The company has asked the Ontario Superior Court for protection under the Companies’ Creditors Arrangement Act the law that covers insolvency proceedings. The move allows the retailer a little more time to…
Thursday June 22, 2017 Technology firm Hills says it will make another loss this financial year, due to the costs of a restructure and its scrapped plans to demerge its health technology business. In the black, with a red dress on… Kouts’ strangely “sexless” budget … Read the full article at: http://indaily.com.au/news/business/2017/06/22/hills-post-third-straight-annual-loss/
June 22 Prime Customer Services Ltd: * Says to consider other proposals of business restructuring related to cold storage and ripening unit * Says to consider repairs and maintenance of business premises located at Jamalpur area * To consider business expansion and setting up of collection centers for fruits & vegetables in Maharashtra & Gujarat…
Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care and maintenance status resulting in an $150 million pre-tax impairment charge in its half-year accounts. The mineral sands miner will also record redundancy and restructure costs of $14 million in the half-year results, with the plant expected to suspend operations in…
Perth-based Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care and maintenance status resulting in an $150 million pre-tax impairment charge in its half-year accounts. The mineral sands miner will also record redundancy and restructure costs of $14 million in the half-year results, with the plant expected to suspend operations…
Its not unusual for channel companies to collapse, especially when that business finds itself unable to meet its obligations to creditors. Its also not entirely unusual to see other businesses springing up to take their place. Where things start to get odd however is when those new businesses are eerily similar to the ones they…
Less than a week after a 2014 SBA restructuring came under fire during a House committee hearing, the agency’s chief operating officer presented Administrator Linda McMahon with recommendations meant to correct many of the problems. As part of a larger reorganization, the SBA is targeting work force skills and knowledge transfer issues largely ignored by…