3M slashed its full-year earnings outlook and announced a restructuring plan. The company saw sales slump in several key businesses. Shares were down 8% early Thursday. Watch 3M trade live. 3M shares tumbled 8% on Thursday morning after the company slashed its outlook and announced restructuring efforts after seeing sluggish sales in key end markets.…
SAP CEO McDermott with SAP CFO Mucic The last couple years, SAP earnings reports have had that tantalizing/frustrating pick your own narrative quality. Narrative 1 A software giant struggles to evolve into a modern SaaS business Narrative 2 A forward-thinking innovator continues a multi-year cloud transformation, bolstered by SaaS acquisitions You can certainly pick your…
The flagship convenience store business is humming, with revenues surging 29.8 per cent in 2019 to 3.776 trillion. This segment still punches above its weight from a group perspective, and provides the lions share of operating profits (about 80 per cent) while accounting for just over half of total revenues. Same-store sales growth in Japan…
Bengaluru: In a major restructuring exercise, ride-hailing service Uber Technologies Inc. has appointed Pierre-Dimitri Gore-Coty to take charge of the companys Asia-Pacific rides business, the IPO-bound startup said on Wednesday. Gore-Coty will also continue in his current role, leading the rides teams across Europe, Middle East and Africa. Amit Jain, who started the rides business…
SAP raised its operating profit outlook on Wednesday as Europes largest software groups quarterly cloud revenue exceeded 1.5bn for the first time, up 45 per cent from the same period a year earlier. The German business software group took a hit from restructuring costs as well as other acquisition-related and share-based bonus charges, announced earlier,…
Tuesday, April 23, 2019 Last month, Congress reintroduced theSmall Business Reorganization Act (SBRA), under which a new subchapter V would be added to chapter 11 of the United States Bankruptcy Code. This new subchapter would provide small businesses with aggregate liabilities that do not exceed $2,566,050 with an opportunity to resolve outstanding liabilities through a…
Lampe said Weyerbacher was looking for a partner for the last 18 months as financial issues weighed on the business, a larger regional brewery competing in the saturated, capital-intensive craft beer industry. The restructuring, Lampe said, will allow Weyerbacher to accelerate certain projects, including opening tap rooms, boosting offerings from the Weyerbacher Spirits line and…
International law firm Proskauer announced that David Hillman will be joining as partner in its Corporate Department, beginning on April 29th in the New York office. We are pleased to welcome David to Proskauer, said Martin Bienenstock, partner and chair of Proskauers Business Solutions, Governance, Restructuring & Bankruptcy Group. Davids acclaimed intellectual and practical prowess…
Nomura Holdings Inc.s chief executive vowed to keep Japans biggest brokerage independent and quickly implement his latest turnaround plan as a slumping share price puts the question of a potential merger in focus. We cherish the strengths and utility that we have through our independence as a Japanese financial group, CEO Koji Nagai said in…
TAGS: Marketing, Overseas December 18, 2014 When grain prices sink and margins are tight, producers are faced with tough decisions. Some might even have a hard time paying their bills this year. Identify the cause of your financial pain, suggests Bob Milligan, a senior consultant with Dairy Strategies. Are we short on cash because we…