Image credit: Natee K Jindakum / Shutterstock Proper cash flow management is a key strategy that every business owner must master for long-term financial success. Managing cash flow can be one of the biggest challenges business owners face. A recent study from Intuit found that 61% of small businesses around the world struggle with…
Socit Generale reported a 26 per cent fall in profits as the French bank pushes ahead with a far-reaching overhaul of its business. Net income for the first quarter was 631m, down from 850m in the same period one year previously, knocked slightly by costs associated with the disposal of a Slovenian subsidiary. The groups…
First Solar reported significantly lower than expected first quarter sales, due primarily to challenges in its EPC PV project business in the US and Japan that impacted sales by US$159 million. Image: First Solar Leading CdTe thin-film manufacturer and Solar Module Super League (SMSL) member, First Solar reported significantly lower than expected first quarter sales,…
Thompson Hine LLP is pleased to announce that John Bae has joined the firms New York office as a partner in its Business Restructuring, Creditors Rights & Bankruptcy practice. He joins the firm from Baker Botts. Bae is the second lawyer added to this practice group in recent months Thompson Hine welcomed David S. Forsh…
Debenhams is demanding reductions in business rates alongside cuts to rents as part of its attempt to reduce its store occupancy costs, according to documents seen by the Financial Times. Last week, the struggling department store group confirmed it would launch a company voluntary arrangement a type of insolvency proceeding to restructure its expensive and…
CJ Groups restaurant business unit CJ Foodville has sold its flagship coffeehouse chain A Twosome Place as part of the its business restructuring to Hong Kong-based private equity firm Anchor Equity Partners, the firm confirmed Wednesday. The sale involved 45 percent stake held by CJ Foodville in A Twosome Place for 202.5 billion won ($173.3…
US broadcast giant iHeartMedia has successfully completed its restructuring process, significantly reducing its debt from $16.1billion to $5.75bn. Alongside the completion of the restructuring, and in accordance with its Plan of Reorganization, iHeartMedia and Clear Channel Outdoor Holdings have now fully separated, creating two independent publicly-traded companies. Clear Channel Outdoor Holdings shares will continue to…
By Sato . May 1, 2019 . 7:15am Capcom announced today that it is restructuring its eSports and media licensing business units under a new entity called Capcom Media Ventures (CMV). From here on out, Capcom Media Ventures will manage all of the companys global eSports initiatives outside of Japan. This includes the Capcom Pro…
Natus Medical (NASDAQ:BABY) continued its restructuring, which resulted in an ugly first quarter. Fortunately, with expectations low, investors were able to shrug it off in hopes that the medical device maker will be able to come out the other side a better company. Natus Medical results: The raw numbers Metric Q1 2019 Q1 2018 Year-Over-Year…
Industrial products group 3M said it plans to shed jobs globally as it restructures the business, and reduced this years earnings guidance after it reported first-quarter earnings that missed Wall Street expectations. The conglomerate, whose products range from Post-it notes and Magic Tape to the reflective material for road signs, pointed to slowing economic conditions…