Category Archives: Restructuring

Ingersoll Rand Reports Strong Third-Quarter 2018 Results – Business Wire (press release)

SWORDS, Ireland–(BUSINESS WIRE)–Highlights (Third quarter 2018 versus third quarter 2017, unless otherwise noted): Continuing EPS of $2.11, up 50 percent; adjusted continuing EPS* of $1.75, up 22 percent Reported and organic bookings* up 11 percent; sustained growth in Climate and Industrial … Read the full article at: https://www.businesswire.com/news/home/20181024005200/en/Ingersoll-Rand-Reports-Strong-Third-Quarter-2018-Results

Ford names new China head in restructuring drive – Financial Times

Ford has appointed a new China chief in a company-wide restructuring as the global carmaker attempts to turn around disappointing sales in the worlds biggest car market. Ford has been operating without a China head of operations since January, when its former executive Jason Luo stepped down after only five months in the job, citing…

Is it time to buy shares in Australian Pharmaceutical Industries Ltd (ASX:API)? – Motley Fool Australia

The share price of Australian Pharmaceutical Industries Ltd(ASX: API) has been on a roller coaster ride over the last 2 years. After reaching a high of $2.38 in May 2017, the companys shares were sold-off on fears that it would not meet profit expectations amid an increasingly difficult trading environment in its retail and pharmacy…

TCS restructures its business units to focus on long-term strategy – Economic Times

Tata Consultancy Services (TCS) has restructured its industry solutions units (ISUs), giving almost 200 employees control of them and quarterly target goals as it looks to free up senior executives to focus on long-term strategy. TCS first broke up its business into smaller units in 2008, a move that helped power growth, with revenue soaring…

Weekly CEO and Business Leader Insights from Across the Market – Livewire Markets

“It is sobering indeed that of the top 50 companies in Australia by market capitalisation in 1980, only 10 remain in todays top 50. John Mullen, Chairman, Telstra As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater…

Troubled Thai Airways pursues a perilous expansion – Nikkei Asian Review

BANGKOK — Struggling national carrier Thai Airways International is set to invest 100 billion baht ($3.06 billion) to buy 23 passenger planes, embarking on a risky expansion as it continues to search for a successful restructuring strategy. Expansion may be an appealing option for a state-owned airline reluctant to wield the ax due to the…

Danish Insurer Qudos Ceases Underwriting, Pending Restructuring – Insurance Journal

Article 0 Comments Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project will continue in conjunction with leading legacy specialists. The insurance market, particularly…

Deal struck to save Max Brenner – Australian Hospitality Magazine

Max Brenner has been saved at the last minute by Australian investment office Tozer & Co. The dessert chains future was thrown into question earlier this month when it entered voluntary administration. It was then announced that 20 of the brands 37 Australian stores would be closed. Advertisement However, appointed liquidators BDO Australiaissued a statement…

Sears Holdings files Chapter 11 bankruptcy; CEO Eddie Lampert steps down – AmericaJR.com

Liquidation sales at select Sears and Kmart stores are expected to begin within the next two weeks. (Jason Rzucidlo/AmericaJR) HOFFMAN ESTATES, Ill. Sears Holdings Corporation (Holdings, we, our, or the Company) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and…

Sears receives court approval for Chapter 11 restructuring – Retail Insight Network

The US Bankruptcy Court for the Southern District of New York has approved US retailer Sears Holdings first day motions for its voluntary Chapter 11 restructuring. The retailer filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code yesterday. This approval is expected to improve the companys liquidity position and allow it to…