Updated May 19, 2016 11:10 a.m. ET WASHINGTONHouse Republicans reached an agreement with the Obama administration to provide Puerto Rico a path to restructure its $70 billion debt load, the first step toward ending its decadelong recession. With nearly all other details ironed out, disagreements had remained over how to handle appointments to a seven-member…
SOUTH BEND - The University of Notre Dame is making some changes within the Mendoza College of Business. Through a restructuring of its current management department, the college is adding the Department of Management and Organization and the Department of Information Technology, Analytics and Operations. It is the first time in more than 60 years…
The market was unnerved Thursday with the report by a management consultancy firm that proposed restructuring state-run Korea National Oil Corp.s money-losing overseas crude oil development business. The report by Deloitte Anjin — Korean member firm of Deloitte Touche Tohmatsu — on reforms in the overseas businesses of state-run energy companies was commissioned by the…
Proxy advisory firm Stakeholders Empowerment Services (SES) has asked the shareholders of construction and engineering major Gammon India to vote against the companys proposals to bring an outside investor in certain businesses and provide guarantees to lenders. The debt-laden company has put up a set of resolutions for shareholders approval that will…
Updated May 17, 2016 2:41 p.m. ET Novartis AG NVS 0.11 % said its head of pharmaceuticals, David Epstein, is to leave the company amid a restructuring that will split his role in two. The Basel, Switzerland-based drug giant said Mr. Epstein, who is American, had decided to leave the company to explore new challenges…
CALGARY Twelve months after emerging from a court-supervised restructuring, junior oilsands producer Connacher Oil and Gas Ltd. is again seeking court protection from creditors. The Calgary company announced Monday that it had asked the Court of Queens Bench for shielding under the Companies Creditors Arrangement Act while it tries to arrange a sale of its…
Chinas military underwent a major restructuring last year in a bid to prepare its military for conflict, the Pentagon said in its latest annual assessment of the Communist Party-controlled Peoples Liberation Army (PLA). The armed forces were reformed with new military regions, a new command structure, and updated strategies to better fight regional, high technology…
New plans will see the carrier’s various units fall under different CEOs By gulfadmin May 8, 2016 Abu Dhabi carrier Etihad Airways unveiled a new management structure on Sunday that will see president and chief executive James Hogan take the helm of a wider aviation group. Etihad Aviation Group chairman Mohamed Mubarak Al Mazrouei said…
May 12 Shenzhen Tempus Global Business Service Holding Ltd * Says it scraps asset restructuring Source text in Chinese: bit.ly/1OpcSqu Further company coverage: (Reporting by Hong Kong newsroom) Read the full article at: http://www.reuters.com/article/idUSL3N1894NM
Group boss Dieter Manz. Manufacturing equipment supplier Manz, which regards solar and energy storage as two of its three key strategic business segments, claims recent restructuring is starting to pay off, reporting some positive developments in its latest financial reports. Volume of orders received by the end of March stood at 96.3 million (US$109.6 million),…