Debenhams has cleared a hurdle in its attempt to push through a crucial restructuring plan, dealing a blow to a potential bid for the struggling retailer by Sports Direct chief executive Mike Ashley. The department store chain said it had secured the support of a majority of its bondholders for a series of technical changes…
MDX Technology Limited (MDXT), the leading provider of real-time data collaboration and distribution solutions for the global trading community and financial services industry today announces the completion of a corporate restructuring programme. With immediate effect, the new company structure incorporates three entities: MDX Holdings Limited (MDXH), MDX Technology Limited business (MDXT) and the…
Last week, the news of Oracle laying off a huge number of employees as a part of its organizational restructuring came as a shock. The reason behind this layoff round was not clear, while some said that this was done to save money, some others said that people working on a legacy product were let…
The founder of Indias struggling Jet Airways is to step down as chairman as part of a debt restructuring plan agreed with its lenders. Naresh Goyal, a former travel agent who founded Jet in 1992 and built it into Indias largest international airline, will also leave the board as part of a resolution plan that…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…
Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to 200 million (A$373.1…
Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring thats meant to help the company refocus on its cloud infrastructure operations. IEE Spectrum reportedFriday that the total number of staff cut could exceed thousands worldwide, with up to 10 percent of Oracles staff affected, though lower estimates suggest a…
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation. Click to copyhttps://apnews.com/Business%2520Wire/b5a45a48d06b432a98d220bec02d67b2 SAN ANTONIO–(BUSINESS WIRE)–Mar 22, 2019–iHeartMedia, Inc. (PINK:IHRTQ) (the Company) today announced that it is evaluating potential paths to achieve its listing following emergence from its restructuring process in the…
LONDON (Reuters) – Struggling British department store group Debenhams said on Friday its shareholders could be wiped out as a result of some of the restructuring options it is considering and rebuffed a bid by Sports Direct to buy its Danish business. FILE PHOTO: A new Debenhams department store in a shopping centre in Watford,…