XI’AN, China, Oct. 20, 2017 /PRNewswire/ — Future FinTech Group Inc. (NASDAQ: FTFT) (“Future FinTech” or “the Company”), a financial technology company and integrated producer of fruit-related products, today announced that it filed a proxy statement that includes, among several proposals, a proposal for a corporate restructuring to be voted on by proxy or in…
Police are looking into a complaint against the Royal Bank of Scotlands controversial business restructuring division. The complaint is understood to have been made by an individual over alleged misconduct at the bank’s under-fire Global Restructuring Group. The division, set up to help ailing business customers, has previously been accused of helping push firms under…
Police in Scotland are looking into allegations a controversial division of Royal Bank of Scotland (RBS), set up to restore struggling companies to health, broke the law in its dealings with them. More than 90% of the firms put into RBS’ Global Restructuring Group (GRG), established after the financial crisis, are understood to have suffered…
PPG Industries Inc. PPG reported net earnings from continuing operations of $1.52 per share for the third quarter of 2017, as against the year-ago net loss from continuing operations of 79 cents. The results were in line with the Zacks Consensus Estimate. Net sales in the quarter increased 3.2% year over year to $3,776 million.…
Ericsson ADRs (ERIC) are jumping this morning, after the Swedish telecom equipment giant reported mixed third-quarter earnings and, despite warning of challenges to come, appeared to be making some progress with its turnaround efforts. Ericsson said that the firm lost 55 cents a share, much higher than analysts expected, and its fourth consecutive quarterly loss.…
General Electric Co. slashed its 2017 projections as new Chief Executive John Flannerys started to outline his restructuring plans, setting a goal to exit more than $20 billion of the struggling conglomerates businesses. Mr. Flannery, who came into the job in August and recently became chairman with the early exit of Jeff Immelt, has expressed…
General Electric Co. said its third-quarter earnings fell as it incurred hefty restructuring charges during Chief Executive John Flannery’s first official quarter at the helm, and the new CEO outlined plans to exit more than $20 billion of the company’s businesses. Continue Reading Below GE reported a third-quarter profit of $1.8 billion, or 21 cents…
LONDON (Reuters Breakingviews) – If Daimlers cars were as slow as its restructuring, the company would have few customers. The Mercedes-Benz parent has problems aplenty, which bumper third-quarter sales do little to change. A plan to carve out its car and truck units might help lift its valuation if that eventually led to a separate…
FRANKFURT (Reuters) – Siemens (SIEGn.DE) may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. FILE PHOTO: A flag with the logo of German technology firm Siemens is…
FRANKFURT (Reuters) – Siemens (SIEGn.DE) may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. Various scenarios are being considered, the source said, adding that details of the…