Category Archives: Restructuring

Bank of Nova Scotia takes $375-million pre-tax restructuring charge as it reorganizes for digital age – Financial Post

Bank of Nova Scotia is taking a $375-million pre-tax restructuring charge in the second quarter as Canadas third-largest bank continues efforts to digitize processes and enhance productivity. The great fintech debate: Will regulating upstarts level’ playing field or stifle innovation? Around the world, established financial players and regulators are grappling with the emergence of technology-based…

RITANZ hosts Restructuring and Insolvency Conference – Scoop.co.nz

Bimbo restructuring into new phase – Baking Business (registration)

April 28, 2016 – by Josh Sosland Bimbo brands such as Arnold, Brownberry, and Eureka! are growing. MEXICO CITY The restructuring of the U.S. Grupo Bimbo S.A.B. de C.V. business is entering a new phase that should extend recent momentum of improving profitability, a top executive of the company said. In the wake of a…

Ford Motor Company: Profit Doubles as Restructuring Pays Off – Motley Fool

Ford is selling a lot of well-optioned vehicles like this loaded F-150 Limited. The result was an exceptionally strong profit margin in the first quarter. Image source: Ford Motor Company. Ford Motor Company (NYSE:F) reported its first-quarter 2016 earnings before the bell on Thursday, April 28. Here’s what investors need to know. The key numbers…

UBS to revamp wealth management business – Financial Times

©Reuters UBS is planning to merge large parts of the back and middle-office functions in its wealth management business, in a move that will save the Swiss group several hundred million francs a year and will result in hundreds of job cuts in its initial stage. Three people familiar with the plans told the Financial…

Despite restructuring and job cuts, Intel beats quarterly earnings targets – VentureBeat

Intel said today it will lay off 12,000 employees, but its first fiscal quarter results arent all that bad. The results are a bellwether for the PC industry, which is struggling in the age of mobile devices. But the layoffs may signal that there are more changes and strategy shifts ahead for Intel, the worlds largest…

Sony logs biggest profit in 8 years on restructuring, games – The Star Online

TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames. Operating profit more than quadrupled to 294.2 billion yen (US$2.70 billion) for the year ended March, roughly in line with the firm’s…

MusclePharm selling off subsidiary amid restructuring – Denver Business Journal

MusclePharm headquarters at 4721 Ironton St. in Denver Google Maps image MusclePharm Corp. said Wednesday it has a deal to sell a subsidiary, BioZone Laboratories Inc., for $9.8 million. The pending sale to Valencia, California-based Flavor Producers Inc. “is the latest step in MusclePharm’s restructuring plan,… Read the full article at: http://www.bizjournals.com/denver/news/2016/04/27/musclepharm-selling-off-subsidiary-for-9-8m-amid.html

S. Korean trade minister emphasizes market-led corporate restructuring – Yonhap News

SEJONG, April 26 (Yonhap) — South Korean trade minister said Tuesday that the government will support market and creditor-led corporate restructuring efforts amid rising public calls for stricter action to sort out marginal companies. “We encourage creditors to take the lead in carrying out restructuring processes based on the market system,” Trade Minister Joo Hyung-hwan…

Intel Announces Major Workforce Restructuring: 11% of Workforce to Be Cut Over Next Year – AnandTech

Ahead of todays Q1 2016 earnings release and call, Intel has announced that they are going to be cutting a significant number of jobs over the next year. The job cuts come as part of Intels larger and ongoing restructuring efforts, as the company grapples with an overall soft PC market and continued struggle to…