NEW YORK, United States In February 2017, department store conglomerate Hudsons Bay Company (HBC) announced that it would reduce expenses by rationalising its corporate functions and overhead across North America. That means major layoffs: A restructuring of the organisation that would result in an estimated $30 million in severance-related charges. On Thursday, those layoffs occurred,…
Get the Pulse of the Market with StreetInsider.com’s Pulse Picks. Get your Free Trial here. Inseego Corp. (Nasdaq: INSG) today announced key additions to the management team and changes to its Board of Directors as the Company embarks on an overhauled corporate strategy and immediately executes a restructuring plan to drive the Company to nearterm…
SAN DIEGO–(BUSINESS WIRE)–Inseego Corp. (Nasdaq: INSG) (the Company), a leading provider of MiFi®branded intelligent wireless solutions for the worldwide mobile communications market and SaaS solutions for the Internet of Things (IoT), today announced key additions to the management team and changes to its Board of Directors as the Company embarks on an overhauled corporate strategy…
FILE PHOTO – Japan Display Inc’s logo is pictured at its headquarters in Tokyo Thomson Reuters TOKYO (Reuters) – Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily…
TOKYO, June 7 (Reuters) – Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily reported. Shares in the company climbed 12 percent in morning trade. In addition to…
TOKYO, June 7 (Reuters) – Japan Display Inc is considering deeper restructuring than first planned and has asked a state-backed fund for help after losing business with Apple Inc due to its late entry into OLED technology, the Nikkei business daily reported. Shares in the company climbed 12 percent in morning trade. In addition to…
SALEM, Oregon State Sen. Mark Hass (D-Beaverton) is proposing restructuring business taxes in Oregon. The co-chairman of the Joint Committee on Tax Reform is proposing that the corporate income tax be changed to a gross receipts tax on income of $5 million or higher. Its estimated that change will bring in an additional $300 million.…
Group pre-tax profit slipped from 2.2m to £1.6m in the year to March after also booking £4m costs associated with restructuring the business in line with the strategic growth plan and the closure of certain Polish operations. Strong growth in last years order book was converted into a 14% revenue rise to £152m. However, margins slipped chiefly as a…
Corporate Tuesday, June 6, 2017 11:04 By MUGAMBI MUTEGI National Treasury secretary Henry Rotich. The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into equity. FILE PHOTO | NMG The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into…
NEW YORK, United States Millard “Mickey” Drexler is to step down as CEO of J.Crew after 14 years, BoF has learned. Drexler, who owns 10 percent of the company, will stay on as chairman, and will be succeeded as CEO by Jim Brett, who was most recently president of home furnishings company West Elm. This is…