Unified communications vendor Avaya will this week enter a pivotal hearing to determine whether or not it can exit Chapter 11 bankruptcy protection. A hearing will commence in the US Bankruptcy Court on 28 November, after which Avaya hopes to emerge from Chapter 11 as a public company with a refreshed board of directors. The question…
Hogan Lovells has picked a new managing partner in Australia. The firm named Scott Harris to the senior role, succeeding Nicky Lester and Tim Lester on 1 January. The duo had been expanding the global firms operations in the country for the past two and a half years. This falls in line with the firms…
In spite of the weak ramp-up in revenue, Siemens India posted a decent 120 basis points (bps) rise in operating margins. The September quarter (Q4) performance for Siemens Ltd fell slightly short of the Streets expectations. Only the 10% growth in new orders and consequent 24% rise in order book when compared to a year…
The ex-Allens power duo Nicky and Tim Lester who have spent the past two and a half years growing the Australian footprint of global law firm Hogan Lovells will step down from their co-managing partner roles to return to the tools. Former DLA Piper restructuring lawyer Scott Harris will take over the local managing partner…
Meredith Corp., the publisher of Better Homes and Gardens, Shape and many other magazines targeted largely at women, is buying Time Inc., the publisher of Time, Sports Illustrated and Fortune, in a $2.8 billion all-cash deal, both companies said Sunday. Meredith, based in Des Moines, Iowa, said the deal was being backed by conservative billionaire…
DETROIT The holiday season is always a pressure cooker for retailers, but this year promises to be more stressful than usual. With foot traffic dwindling and more consumers shopping online, brick-and-mortar chains are having to fight harder for customers. Many U.S. retailers also are laboring under a mountain of debt, turning the season into a…
A total of about 150 Sobeys office employees in Nova Scotia have been given layoff notices, including 100 people at the corporate head office in Stellarton. Another 25 affected workers in Nova Scotia are located in Dartmouth, and the remainder were working in smaller offices throughout the province. The Nova Scotia workers are only a…
With online spending up 18 percent since Black Friday 2016, one analyst told CNBC that he has never seen a better holiday sales outlook for e-commerce giant Amazon. “I have to say that this is probably the best setup for Amazon, at least for the holiday shopping season, that I’ve seen in the 15 years…
new Alex Ralph Ms Wolstenholme took control of the doorstep lender in August after a botched restructureingPA The troubled subprime lender Provident Financial announced today that its executive chairwoman had died suddenly yesterday. In a statement to the stock market this morning Provident said: It is with profound sadness that the board of Provident Financial…
By Peter EgwuatuChairman of Heirs Holdings, Mr. Tony Elumelu has called for the restructuring of government regulations and taxation to support business growth in Nigeria. taxation symbol He made the call at the Lagos Business School Alumni Association 2017 Conference held in Lagos. Elumelu, who was guest speaker at the occasion, spoke…