Verizon Communications Inc.s core wireless business continues to add customers in the crowded U.S. market, but the companys quarterly profit was hit by charges related to a restructuring in its struggling media business. The carrier previously said it added a net 653,000 new postpaid phone connections during the final quarter of 2018. That pool of…
Business News of Tuesday, 29 January 2019 Source: Graphic.com.gh Mr Felix Addo is mandated to oversee the streamlining of the operations of National Investment Bank A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank…
by Joe Panettieri Jan 29, 2019 SAP CEO Bill McDermott SAP will take a restructuring charge of up to $1 billion amid slowing growth in the companys cloud services bookings, and some targeted challenges elsewhere in the business. The big question mark: Is this just a software company in transition, or is the restructuring charge…
WALLDORF, Germany (Reuters) – Business software company SAP said on Tuesday it would undertake a company-wide restructuring to accelerate its business transformation, after missing its revenue and profits guidance in 2018. FILE PHOTO: The logo of German software group SAP is pictured at its headquarters in Walldorf, Germany, May 12, 2016. REUTERS/Ralph Orlowski/File Photo SAP,…
Employees of Pacific Gas & Electric (PG&E) mark gas lines in the aftermath of the Camp Fire in Paradise, California, U.S., November 14, 2018.REUTERS/Terray Sylvester California utility owner PG&E is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning. PG&E plans…
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco on Monday. “Overall, we estimate that up to 9,000 Tesco colleague roles could be impacted, however, our expectation is that up to half of these colleagues could be redeployed to other customer-facing roles,” the supermarket…
Boutique investment bank PJ Solomon is starting to push the boundaries of the word boutique, at least in terms of its size. The private U.S. advisory firm has been rapidly adding headcount after entering an agreement with Natixis in 2016 that made the French investment bank a majority owner. Nearly three years after inking the…
Business News of Saturday, 26 January 2019 Source: 3news.com Felix Addo The Bank of Ghana (BoG) has appointed Felix E. Addo as an Advisor for the National Investment Bank (NIB) to help improve the banks affairs. Mr. Addos appointment is pursuant to Section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016…
How are businesses in the U.K. faring as Brexit looms? Not well, if a boom in insolvency and restructuring advice and the level of unpaid tax bills are any guide. Members of the trade body R3, which represents restructuring advisors, are anecdotally reporting increasing demand for help and advice from businesses and individuals, according to…
IKEA US President Lars Petersson is set to retire at the end of August 2019. Javier Quiones, the retail manager of the chains UK and Ireland divisions, will take his place. Petersson worked at IKEA for 36 years and will remain with the company through the summer as a senior advisor. IKEA US President Lars…