Spanish energy company Repsol has posted a net profit drop of 30 percent in the second quarter compared with the same period last year mainly because of workforce restructuring costs. Repsol S.A. said Thursday its profits totaled 205 million euros ($225 million) in April through June, against 292 million euros for the period in 2015.…
NEENAH, Wis.–(BUSINESS WIRE)–Bemis Company, Inc. (NYSE:BMS) today reported second quarter 2016 diluted earnings per share from continuing operations of $0.53. Excluding the effect of restructuring and acquisition-related costs detailed in the attached schedule, Reconciliation of Non-GAAP Earnings Per Share, adjusted diluted earnings per share from continuing operations would have been $0.67 in both 2016 and…
Donato Tramuto is the CEO of Healthways Inc. Boston Business Journal Healthways announced Wednesday that it is selling one its divisions to Atlanta-based digit… Read the full article at: http://www.bizjournals.com/nashville/news/2016/07/27/healthways-to-sell-off-business-group-amid-major.html
Deutsche Banks profits nosedived from 800 million to just 20 million in the second quarter. The results were impacted by a tough environment for European banks, and a range of restructuring-related charges, as new CEO John Cryan looks to clean up the banks act. The bank took goodwill impairments of 285 million, restructuring and severance…
Research Corridor has published a new research study titled Business Restructuring International Oil Market Growth, Share, Opportunities, Competitive Analysis and Forecast, 2015 2022. The Business Restructuring International Oil market report studies current as well as future aspects of the Business Restructuring International Oil Market based upon factors such as market dynamics, key ongoing trends and…
The company has around $6bn of claims against it collapsed in 2009 By Reuters 51 mins ago Ahmad Hamad Algosaibi and Brothers (AHAB) have signed a deal with a committee representing creditor banks to restructure the Saudi Arabian family conglomerates debt pile, it said in…
Woolworths has revealed 500 jobs will go in back office and supply roles as part of an overhaul of its business amid tough competition in the retail industry. Key points: 27 stores and three hotels to close, with five Big W stores “likely to close” Another 34 underperforming stores may not have their leases…
Get access to the best calls on Wall Street with StreetInsider.com’s Ratings Insider Elite. Get your Free Trial here. Metabolix, Inc. (NASDAQ: MBLX) announced today that it is implementing a strategic restructuring under which Yield10 Bioscience will become its core business with a focus on developing disruptive technologies for step-change improvements in crop yield to…
SK Capital has rejigged the senior teams at opiate API maker Noramco and raw material supplier Tasmanian Alkaloids just weeks after buying the firms from Johnson & Johnson (J&J). The US private investment announced the changes today, explaining that Matthew Martin, previously the General Manager of both businesses, has been appointed as Noramco CEO. SK…
July 21, 2016 – by Monica Watrous General Mills has made a tentative decision to shutter its soup facility in Vineland, N.J. MINNEAPOLIS General Mills, Inc. has announced restructuring plans affecting operations in the United States, Brazil and China. The Minneapolis-based company said it has made a tentative decision to shutter a soup facility in…