By Jeff Manning & Mike Rogoway | The Oregonian/OregonLive Nike said Thursday morning it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company’s somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end of last year, so…
Nike Inc. is cutting 2% of its global workforce as part of a broader restructuring designed to increase focus on key markets, the company announced Thursday. Continue Reading Below Nike said its new leadership structure, along with a renewed focus on product innovation, would help drive business in 12 cities that it says will compose…
LONDON Deutsche Bank is creating a new capital markets division as part of a restructuring of its investment banking division, Bloomberg News reported. CEO John Cryan outlined new responsibilities for corporate and investment banking co-heads Garth Ritchie and Marcus Schenk, according to an internal email reported by Bloomberg. Schenk will oversee client relationships while Ritchie…
LONDON Deutsche Bank is creating a new capital markets division as part of a restructuring of its investment banking division, Bloomberg News reported. CEO John Cryan outlined new responsibilities for corporate and investment banking co-heads Garth Ritchie and Marcus Schenk, according to an internal email reported by Bloomberg. Schenk will oversee client relationships while Ritchie…
By Jessica DiNapoli NEW YORK, June 13 (Reuters) – J. Crew Group Inc disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The…
NEW YORK J. Crew Group Inc. disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The move comes after Reuters reported last…
Sears said Tuesday its cutting 400 jobs at corporate offices as it works towards a goal of reducing costs by $US1.25 billion in fiscal 2017. The cuts will primarily affect workers at Sears headquarters in Hoffman Estates, Illinois. The move comes one week after the retailer revealed it was closing 65 more Sears and Kmart…
Sears is slashing 400 full-time jobs at its corporate offices, in Hoffman, Illinois, and from its support functions, the retailer announced Tuesday. Stephan Zoll, president of Sears’ online operations, is also stepping down from the company, effective June 15, Sears said Tuesday in a separate 8-K filing with the Securities and Exchange Commission. The 400…
Dana Gas PJSC plans to more than halve profit rates on $700 million of its Islamic bonds after they were found to be non-compliant with religious law, adding a new twist to a debt restructuring initiated in May. The United Arab Emirates-based energy producer said on Tuesday in a filing that it proposes exchanging $350 million…
By Reuters Published: 19:25 +10:00, 13 June 2017 | Updated: 19:25 +10:00, 13 June 2017 e-mail By Helen Reid LONDON, June 13 (Reuters) – British shares gained on Tuesday as a sell-off in the tech sector petered out worldwide, financials supported gains and outsourcing company Capita soared as its outlook brightened. Relief was palpable after…