Telefonaktiebolaget LM Ericsson (publ)ERIC recently announced that it has inked an agreement with Singapore-based power-supply products provider, Flex, to divest its Ericsson Power Modules (EPM) business. The transaction, subject to customary closing conditions and regulatory approvals, is scheduled to close in third-quarter 2017. The deal marks the first exit of assets initiated by the company…
TORONTO Sears Canada Inc. said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. The Canadian company, which was spun off from U.S. department-store pioneer Sears Holdings Corp. in…
Sears Canada (SRSC) said on Thursday that it has applied to the Ontario Superior Court of Justice to seek protection from its creditors in order to pursue a restructuring of its business. If granted, Sears Canada says it would like to exit the Companies Creditors Arrangement Act protection as soon as possible in 2017. The…
Sears Canada said Thursday it is seeking court protection from its creditors in order to restructure its business. The struggling retailer has piled up losses and seen its stock dive, losing more than 80 per cent of its value in the last year, despite efforts to reinvent itself at a time when more Canadians are…
Technology firm Hills says it will make another loss this financial year, due to the costs of a restructure and its scrapped plans to demerge its health technology business. Hills is forecasting a net loss of between $6 and $8 million for the year to June 30, an improvement on the previous financial year’s $68…
Telefonaktiebolaget LM Ericsson (publ) (ERIC – Free Report) recently announced that it has inked an agreement with Singapore-based power-supply products provider, Flex, to divest its Ericsson Power Modules (EPM) business. The transaction, subject to customary closing conditions and regulatory approvals, is scheduled to close in third-quarter 2017. The deal marks the first exit of assets…
Shares in Sears Canada were halted Thursday morning after the retailer said it is seeking court protection from its creditors while it restructures itself. The company has asked the Ontario Superior Court for protection under the Companies’ Creditors Arrangement Act the law that covers insolvency proceedings. The move allows the retailer a little more time to…
Thursday June 22, 2017 Technology firm Hills says it will make another loss this financial year, due to the costs of a restructure and its scrapped plans to demerge its health technology business. In the black, with a red dress on… Kouts’ strangely “sexless” budget … Read the full article at: http://indaily.com.au/news/business/2017/06/22/hills-post-third-straight-annual-loss/
June 22 Prime Customer Services Ltd: * Says to consider other proposals of business restructuring related to cold storage and ripening unit * Says to consider repairs and maintenance of business premises located at Jamalpur area * To consider business expansion and setting up of collection centers for fruits & vegetables in Maharashtra & Gujarat…
Iluka Resources plans to put its Hamilton mineral separation plant in Victoria on care and maintenance status resulting in an $150 million pre-tax impairment charge in its half-year accounts. The mineral sands miner will also record redundancy and restructure costs of $14 million in the half-year results, with the plant expected to suspend operations in…