Caesars Entertainment Corp.s bankrupt operating unit won permission to submit its reorganization plan to creditors for a vote, setting the stage for a final courtroom showdown early next year between the casino giant and bondholders who say theyre being shortchanged. At a hearing in Chicago Wednesday, U.S. Bankruptcy Judge A. Benjamin Goldgar ruled that Caesars…
LONDON–Hornby PLC (HRN.LN) Wednesday announced a business restructuring plan and refinancing agreement after posting a sharply widened pretax loss for fiscal 2016. The maker of model railway sets and slot car brands including Scalextric, Airfix models, Humbrol paints and Corgi die cast models said pretax loss for the year ended March 31 totaled 13.5 million…
Hyderabad, June 21: Pokarna Engineered Stone, a wholly-owned subsidiary of Pokarna, has come out of a corporate debt restructuring (CDR), which it had to take in 2012 due to delays and adverse market conditions. Lenders give nod Scripting a turnaround, PESL, which manufactures natural quartz surfaces under the brand name Quantra, earlier this month secured…
Baby gear maker 4moms restructuring June 20, 2016 10:49 PM Business Wire 4moms is a consumer technology company that applies robotics, technology, innovative design, and deep consumer insights to develop dramatically better products. By Kris B. Mamula / Pittsburgh Post-Gazette Baby gear maker 4moms began restructuring Monday, a breather after a feverish four-year…
After achieving great success with the power-folding origami stroller, 4moms is set to more Photo courtesy of 4moms 4moms, the downtown Pittsburgh-based company manufacturer of products for babies and small children with a robotics twist, has cut an undisclosed number of employees in a restructuring Monday. … Read the full article at: http://www.bizjournals.com/pittsburgh/news/2016/06/20/4moms-restructures-cuts-staff-for-2nd-time-in-4.html
HELSINKI–(BUSINESS WIRE)–Regulatory News: Caverion: (HEX:CAV1V) Business review resulting in restructuring actions including reduction of up to 700 employees and lowered EBITDA guidance for 2016 As a consequence of the previous CEOs departure the Board of Directors of Caverion initiated a thorough review of operations in all divisions with operative challenges. The interim management with the support…
Disruption to strategies and operating models is seeing a growing number of incumbents finding themselves in stress and crisis, as disruptive players leveraging technology are transforming business models and client relationships. According to a new study, the trend is sparking an increased demand for restructuring services and Chief Restructuring Officers to implement redesigns and manage crisis situations. The current period is…
By Paul Gores of the Journal Sentinel Updated: 1:18 p.m. 0 American Family Mutual Insurance Co. said Thursday it is planning a corporate restructuring, a move that would make it easier for the company to invest… Read the full article at: http://www.jsonline.com/business/american-family-mutual-insurance-co-seeks-corporate-restructuring-b99745928z1-383301911.html
The job market is grim on Wall Street. Trading desks are shrinking, hiring is flat, even incentive pay is taking a hit. Except in one little corner of the financial world, where managers cant read resumes fast enough. The turnaround expert is in hot demand. With company after company in oil, coal, retail and other…
Disruption to strategies and operating models is seeing a growing number of incumbents finding themselves in stress and crisis, as disruptive players leveraging technology are transforming business models and client relationships. According to a new study, the trend is sparking an increased demand for restructuring services and Chief Restructuring Officers to redesigns and crisis situations. The current period is one of…