WPP is to cut 3,500 jobs worldwide and shut or merge almost 200 offices as the embattled advertising group seeks to restructure after a torrid year that included the exit of its founder and chief executive, Sir Martin Sorrell. The restructuring, which will be revealed in full at a lengthy analyst and investor presentation on…
General Electric Companys (GE – Free Report) board of directors recently approved a quarterly cash dividend of 1 cent per share. The dividend rate is nearly 91.7% lower than the previous rate of 12 cents per share. The company stated that the new dividend will be paid on Jan 25, 2019, to shareholders of record…
Dayton Power and Lights next chief executive will take over a power company that has greatly changed in past years with workforce and business restructuring. For the second time in less than a year, the company that supplies power to 515,000 customers in 24 counties throughout west central Ohio announced this week a change at…
Ford of EuropePicture from the company Ford Europe said it reshuffled its leadership Friday on the eve of expected news of a big shakeup in the loss-making organization. Ford is implementing key leadership and organizational changes to improve the fitness and agility of its European operations as it undergoes a fundamental reset and redesign of…
“In terms of the shareholders, it is immediate. It is in cash and it is at a very significant premium. “For the growers, LTAP takes risk out of the business by putting in place a higher-quality investment grade capital structure for the long term. “This investment-grade structure will mean it is better than triple B,…
Shares in the struggling Freedom Insurance Groups fell out of bed yesterday after the company warned it could be facing a probe from regulators, liquidity strain in 2019 and a multi-million dollar customer remediation bill. The life insurance distributor saw its shares plunge more than 47% yesterday to take the loss so far in…
The emergency $3.5bn debt restructuring at commodity trader Noble Group has been plunged into doubt after authorities in Singapore said they would not allow a relisting of its shares. Singapores white collar crime agency, its de facto central bank and stock exchange said they had decided not to allow trading in New Noble to go…
ST. PAUL, Minn.–(BUSINESS WIRE)–Patterson Companies, Inc. (Nasdaq: PDCO) today reported consolidated net sales of approximately $1.4 billion (see attached Sales Summary for further details) in its fiscal second quarter ended October 27, 2018, an increase of 1.4 percent compared to the same period last year. Internal sales, which are adjusted for the effects of currency…
Since October, it has lost two chief executives, a chairman and a chief financial officer, halved staff numbers and suspended new sales of direct insurance products. Loading Freedom on Thursday said a strategic review undertakenwith Deloitte had found there was no “immediate commercially viable option” to restart sales of its life products. As part of…
A lot of digital media companies are said to be looking for buyers, facing the same pressures that forced Mic to sell at a fire sale. But the Mic sale, combined with overall business pressures, suggest they wont get the price they hope for. Once high-flying Mic raised $US60 million to build a media company…