Senior chartered accountants Yezdi H Malegam and Bansi S Mehta suggested an “action plan” – including floating a non-profit Young Indian – to revive The Associated Journals Limited (AJL), Congress leaders Sonia Gandhi and Rahul Gandhi said in a petition filed in Supreme Court on Thursday. “For the purpose of undertaking the…
Rachmat Gobel, President Commissioner of the Panasonic Gobel Group (the local unit of Japan-based Panasonic Corporation), said the group needs to restructure its business in order to strengthen its business model. Amid weakening demand for the energy efficient compact fluorescent lamp (CFL) and growing global demand for light emitting diode (LED), the group decided to…
The government will step up efforts to restructure the manufacturing industry and reinvigorate the sagging corporate sector, officials said Thursday. Industry Ministry officials said the government will seek industry-wide reorganization after the National Assembly passes a reform bill aimed at helping firms to sell or purchase businesses. The ministry will move fast to support companies…
SAN RAFAEL, Calif.–(BUSINESS WIRE)–Autodesk, Inc. (Nasdaq: ADSK) today announced a restructuring plan that will accelerate the move to the cloud and its transition to a subscription-based business model. Through the restructuring, Autodesk seeks to reduce expenses, streamline the organization, and reallocate resources to align more closely with the companys needs going forward. As we progress…
Barclays Plc will dismiss about 150 staff in Dubai as it restructures its Middle East corporate banking business, a person with knowledge of the matter said. The bank will close its offices at Emaar Square and relocate bankers and support staff to its office at Dubai International Financial Centre, said the person, asking not to…
Reports from Britain say Slater & Gordon has been forced into debt restructuring talks. Photo: Lee Besford Beleaguered law firm Slater & Gordon is in talks about restructuring debt and has appointed a firm of British advisers to assist with the process, according to a report. Britain’s Telegraph newspaper reported that the firm has appointed…
Gregg Galardi, the global co-chair of DLA Pipers restructuring practice, has joined Ropes & Gray, the firm announced on Monday. Galardi represented CIT Group in a 2009 prepackaged bankruptcy one of the largest in U.S. history and has advised as debtors counsel in cases, including Circuit City, Polaroid and City Sports. He joins Ropes &…
NEW YORK Pfizer Inc. reported that its fourth-quarter profit fell by half due to higher costs for production, administration and restructuring. The world’s second-biggest drugmaker’s revenue rose by 7 percent, ending a long stretch of declining sales due to generic competition to one-time blockbusters. New York-based Pfizer benefited from growing sales of its newest products,…
PITTSBURGH–(BUSINESS WIRE)–Horsehead Holding Corp. (Nasdaq:ZINC) announced today that it and certain of its subsidiaries (collectively, the Company) have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court). Jim Hensler, President and Chief Executive Officer of the Company,…
Proactive Investors Australia Proactive Investors is a global leader in financial news, media, research and events focusing on emerging growth companies across four continents. Australia New Agribusiness & Chemical Group in corporate restructuring Tuesday, February 02, 2016 Australia New Agribusiness & Chemical Group (ASX:ANB) is restructuring its agreement with UK based fertiliser company Baina Enterprises…