BERLINGermanys Siemens AG on Thursday said it would cut 6,900 jobs world-wide as it wrestles with a sharp slowdown in the power-plant industry, the latest restructuring move by a global industrial giant. The move, which involves the company consolidating three of its core businesses, affects its power-and-gas division, power-generation services division and process industries and…
TEMECULA, Calif., Nov. 16, 2017 (GLOBE NEWSWIRE) — International Endeavors Corporation (OTC:IDVV) (“IEC”) today announced it has received Pink Current Status from OTC Markets as part of the companys corporate restructure with KUBBY Cryogenics, Inc., subsidiary partner of IEC, and biomedical cannabis research and development firm. Nate Engel, CEO, stated: Now that the company is…
When opportunity knocks, it seldom knocks twice. For Ross Vincent, Special Projects Manager at NZ business Retail Dimension (now known as RD), the upheaval associated with relocating and restructuring the business in 2017 provided a unique opportunity to improve business processes, one that he grabbed with both hands. RD is one of New Zealands leading…
The business restructuring comes as the Singh brothersMalvinder Singh (left) and Shivinder Singhhave been attempting to sell assets in order to pare debt at their main holding company RHC Holding. Photo: HT Mumbai: Two companies controlled by tycoons Malvinder and Shivinder Singh announced a reorganization as the brothers wrestle with debt and legal tangles. The…
WOBURN, Mass.–(BUSINESS WIRE)–Monotype Imaging Holdings Inc. (Nasdaq: TYPE) today announced a restructuring of the Olapic business designed to accelerate its integration into the core Monotype business, thereby helping Monotype to drive improved growth and customer value for the Olapic offerings, and to calibrate investments to better support the Olapic business over time. As a result,…
Beleaguered ISP TalkTalk’s half-year results have plunged into the red, reporting pre-tax losses of £75m due to major restructuring costs. Sales fell 5 per cent to £856m from £902m the year before. The firm attributed a chunk of those losses to a £31m bill in associated costs for overhauling its mobile phone business following its…
General Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan. The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged. GE is looking for a shot in the arm, having fallen…
HOUSTON, Nov. 14, 2017 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (NYSE American:GLF) (“GulfMark” or the “Company”) today announced that it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The Companys court-approved Plan of Reorganization (the Plan) went into effect today, November 14, 2017. The…
Jeff Cox, CNBC Published 9:59 a.m. ET Nov. 13, 2017 CLOSE Here’s the latest for Monday, November 13th: Deadly earthquake near Iran-Iraq border; Trump in Philippines; Two stabbed inside Mall of America; Texas church reopens with memorial inside. AP John Flannery will become CEO of GE on Aug. 1, 2017, replacing Jeff Immelt.(Photo: GE) General…
General Electrics stock dropped as much as 7.1% on Monday after the company outlined its turnaround plan. The companys earlier announcement that it would cut its dividend sent shares higher initially, but the stock dropped into negative territory once details around the restructuring emerged. GE is looking for a shot in the arm, having fallen…