Volkswagen AG Chief Executive Officer Matthias Mueller sought to win over workers to restructuring measures aimed at lifting margins at the embattled German carmakers namesake brand and helping weather the emissions-cheating scandal. After nearly six months of crisis and recent revelations that senior managers missed warning signs, workers are fighting to avoid footing the bill. That…
The National Assembly Finance Committee on Friday unanimously approved the draft of the Corporate Restructuring Companies Bill, 2016. Member National Assembly Qaiser Ahmad Sheikh chaired the meeting. The bill is aimed at establishing a new business regime under which corporate restructuring companies are to be incorporated, licensed and regulated by the SECP to perform the…
ENGLEWOOD, Colo.–(BUSINESS WIRE)–TSA Stores, Inc. (Sports Authority or the Company), an industry leader in providing a wide assortment of quality, brand-name sporting goods, announced that today Sports Authority and several of its affiliates filed voluntary petitions to restructure under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District…
syndication.ap.orgA pedestrian passes cash points at a branch of Barclays Bank in London, Tuesday, March 1, 2016. Barclays PLC has revealed plans to split itself into two as it reported a big fall in fourth-quarter profits.The bank said Tuesday its adjusted pretax profit, which includes one-off items like provisions to pay for mis-selling policies in…
Comments Print /License AA A leaner Maple Leaf Foods Inc. is turning a profit after spending seven years selling divisions, building new plants and closing old ones. Maple Leaf Foods has emerged debt-free from the billion-dollar restructuring, with a network of modern meat plants churning out cold cuts, bacon and prepared food. Eight old factories…
Image source: David McSpadden via Flickr. Continue Reading Below StoneMor Partners reported its fourth-quarter results before the opening bell on Monday. The quarter marked a less-than-stellar end to what was a pretty successful year for the company. This was after it restructured and high-graded its sales force during the quarter in an effo… Read the…
Barclays shares fall 7% on results and restructuring 1 March 2016 From the section Business Media captionBarclays chief executive Jes Staley says the restructured bank will be simpler Barclays shares closed down 7% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa. Underlying annual profits…
Regional law firm Aaron & Partners has strengthened its dispute resolution and insolvency team further with the appointment of insolvency expert Mark Davies as a partner in its Chester office. Mark, who has spent most of the last 20 years working for Manchester based firms, has over 26 years experience of servicing a national client…
Toshiba’s Tokyo headquarters–Courtesy of Toshiba Long-beleaguered Toshiba is planning on selling its entire medical equipment unit as it grapples with rising restructuring costs. The move comes as the Japanese company attempts to recover from an accounting scandal that has taken a hefty toll on business. Toshiba had previously said it would sell at least 51%…
Greek banks appear to have found a way to restructure dairy company Mevgal, which is currently unable to repay its large loans, and to possibly help the northern Greek firm to survive. Mevgals management will be taken on by two investment funds that could be awarded a performance-related bonus, while the companys existing loans will…