On Thursday afternoon, EMC announced in a filing with the SEC that it was going to do another round of layoffs. It did not say how many people it will be cutting. It did say that the cuts would cost it about $250 million and said that this was part of its previously announced plans…
Anglo American, the FTSE listed commodities giant, is in serious trouble, and is being forced to undertake what it calls a radical restructuring of its business to try and weather the commodity crash storm. The company unveiled a whole raft of changes to its business on Tuesday morning, and isnt lying when it says they…
Spurred by restructuring of industries and the governments move to ease regulations, Koreas mergers and acquisitions are expected to see another boom in 2016 after 2015, when M&A deals reached an all-time high, dealmakers said. Amid a prolonged global economic downturn, a growing number of Korean firms, once used to the pursuit of octopus-style…
Spurred by restructuring of industries and the governments move to ease regulations, Koreas mergers and acquisitions are expected to see another boom in 2016 after 2015, when M&A deals reached an all-time high, dealmakers said. Amid a prolonged global economic downturn, a growing number of Korean firms, once used to pursue the octopus-style business…
Business Dec. 30, 2015 – 06:37AM JST ( ) TOKYO Toshiba Corp, reeling from a 150 billion yen accounting scandal, intends to ask for an additional 300 billion yen in credit lines by the end of January to fund a large-scale restructuring, the Nikkei business daily reported Tuesday. Toshiba is likely to approach multiple financial…
Thomson ReutersA man walks past a Toshiba Corp logo displayed on one of its television sets in Tokyo, Japan (Reuters) – Toshiba Corp , reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a large-scale restructuring,…
A man walks past a Toshiba Corp logo displayed on one of its television sets in Tokyo, Japan, November 26, 2015. Reuters/Toru Hanai/Files Toshiba Corp (6502.T), reeling from a $1.3 billion accounting scandal, intends to ask for an additional 300 billion yen ($2.49 billion) in credit lines by the end of January to fund a…
Thomson ReutersU.S. Treasury Secretary Jack Lew gives a news conference at the 2015 IMF/World Bank Annual Meetings in Lima By Megan Davies NEW YORK (Reuters) – Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an “escalating crisis”, U.S. Treasury Secretary Jack Lew, said on…
(In 16th paragraph, corrects company name to Opportune LLP from Opportune LLC) By Jessica DiNapoli and Liz Hampton NEW YORK/HOUSTON Dec 14 Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11-year lows, pressuring energy companies to…
By Jof EnriquezFollow me on Twitter @jofenriq Toshiba is looking to sell a majority stake its medical diagnosis imaging business as part of a company-wide restructuring. The Japanese manufacturer of X-ray machines and MRI scanners is seeking outsider investments, including potential M&A transactions, though no deals are imminent. In a statement issued last week, Toshiba…