FORT WORTH, Texas–(BUSINESS WIRE)–FTS International, Inc. (NYSE American: FTSI) (FTSI or the Company) today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Michael Doss, Chief Executive Officer, commented, Today is an important day for FTSI. We have quickly and efficiently completed our financial restructuring and emerge…
ST. PETERSBURG, Fla.–(BUSINESS WIRE)–iQor (the Company), a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that the Company and each of its U.S. subsidiaries have emerged from Chapter 11 bankruptcy, signaling the completion of the financial restructuring process. The Companys Pre-Packaged Plan of Reorganization was confirmed by the United States Bankruptcy…
FORT WORTH, Texas–(BUSINESS WIRE)–Nov 19, 2020– FTS International, Inc. (NYSE American: FTSI) (FTSI or the Company) today announced that it has successfully completed its fully consensual financial restructuring and has emerged from Chapter 11. Michael Doss, Chief Executive Officer, commented, Today is an important day for FTSI. We have quickly and efficiently completed our financial…
Nov 19, 2020 8:00 AM thyssenkrupp reaches agreement on the restructuring of the automotive plant construction business in Germany thyssenkrupp has reached an agreement with the employee representatives on the restructuring of the German sites of the System Engineering unit. The negotiating partners have concluded a framework agreement and a social plan for all seven…
By Dearbail JordanBusiness reporter image copyrightGetty Images Royal Mail has said revenue from parcel deliveries has surpassed letters for the first time, fuelled by a surge in online shopping during the pandemic. The postal group said turnover from parcels now makes up 60% of its total revenue, which rose by nearly 10% in the first…
The Research Insights has published an innovative data, titled as Corporate Development And Restructuring Consulting Services market. To discover the desired statistics for prediction of the current and future trends, it uses the primary and secondary research techniques. This report is summarized with provisions of the industries as well as requirements of the customers. It…
{{featured_button_text}} COPENHAGEN, Denmark (AP) Low-cost carrier Norwegian Air Shuttle said Wednesday it is seeking restructuring and bankruptcy protection in Ireland, where its fleet is held, saying the decision was in the interest of its stakeholders. Norwegian will continue to operate its route network and both its bonds and shares will trade as normal on the…
Loading “We had become very formal and formulaic in doing what we were doing and were spending too much time trying to copy other competitors.” Virgin launched as the budget carrier Virgin Blue 20 years ago but in 2011 reinvented itself as a full-service airline targeting Qantas’ rusted on corporate travellers. It ran up huge…
By Melody Yuan Nov. 16, 2020 Selling a portion of your business may bring in cash, provide access to resources, or reduce financial risk. (Photo credit): Gettyimages.com/pixelfit How selling certain portions and assets of your business can be part of your strategy to save it Cash is a lifeline. But with the prolonged pandemic, lower…
The strain of corporate debt looms large over the global economy. Months into the pandemic, corporate balance sheets in both advanced economies and emerging markets are more stretched than ever, with aggregate corporate debt standing at historically high levels relative to GDP. At the same time, traditional measures of debt affordability and debt sustainability are…