Sears Holdings Initiates Processes To Accelerate Strategic Transformation And Facilitate Financial Restructuring – Markets Insider

HOFFMAN ESTATES, Ill., Oct. 15, 2018 /PRNewswire/ — Sears Holdings Corporation (“Holdings,” “we,” “our,” or the “Company”) (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the Company and certain…

Ford to cut salaried jobs as the auto giant undergoes an $11 billion restructuring effort – Business Insider

In a move influenced by a company-wide restructuring effort, Ford plans to cut jobs from its global salaried workforce, which the company told Business Insider consists of about 70,000 workers. Ford officials told The Detroit News that the cuts were expected to come by the second quarter of 2019 but that they didnt know which…

QGOG Constellation Announces Update on Restructuring Settlement Negotiations – Markets Insider

LUXEMBOURG, Oct. 8, 2018 /PRNewswire/ –QGOG Constellation S.A. (“QGOG Constellation” or the “Company“) has been involved in discussions and negotiations with certain holders (and investment managers for certain holders) (each, a “Noteholder“) of the 9.00% Cash / 0.50% PIK Senior Secured Notes due 2024 (the “2024 Notes“) issued by the Company pursuant to that indenture…

Chinese companies are shedding staff as margin pressures intensify – Business Insider Australia

Activity across Chinas giant services sector improved modestly in September, helping to offset renewed weakness in manufacturing. Despite the modest improvement in overall activity levels, firms shed staff, reporting a reduction in order backlogs and intense margin pressures. Activity in Chinas manufacturing sector was unchanged in September, the weakest result in nearly a year. Activity…