The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast. CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy. We forecast an underlying $9.9 billion…
Written by Alia Paavola | July 24, 2018 | Print | Email Embattled OxyContin maker Purdue Pharma hired Steve Miller, a famous figure in corporate restructuring, to head its board as the drugmaker seeks to overhaul its business and distance itself from the U.S. opioid crisis, Bloomberg reports. Here are six things to know: 1. Miller became…
Mon, Jul 23, 2018 – 5:50 AM Frankfurt CHRISTIAN Sewing was barely two weeks into his role as chief executive officer of Deutsche Bank AG when he unveiled the outlines of a yet another turnaround plan for the German lender in April. Now shareholders say it’s time to flesh out the details. Four of the…
JetBlue announced a round of layoffs, buyouts, and a restructuring of positions on Friday afternoon. It did not specify how many jobs would be affected by the decision. The restructuring comes at a time when JetBlue is seeking to honour a goal set in December 2016, when it announced a plan to reduce operational costs…
Scott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…
Scott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…
KUALA LUMPUR (July 19): Nexgram Holdings Bhd has embarked upon an internal corporate restructuring (ICR) of its wholly-owned subsidiary Nexgram Land Sdn Bhd and its group of companies to enable a more efficient administration of the organisation. Nexgram said the restructuring involves segregating the business segments of the group into the respective subsidiaries carrying out…
The Pfizer restructuring will be a case study in whether corporate restructuring & innovation can co-exist or whether M&A is the more viable answer. Pfizer recently announced a major restructuring into three business segments. The move followed an unsuccessful attempt by the company to market its OTC, or Consumer Healthcare segment as it will be…
Say what you will about Waterloo Capital’s case against BWX BWX’s independent board committee says it’s “filed opportunistically” but no one really cares about whether Michael Fabregas is owed millions for allegedly being cut out of a management buyout deal he helped create. The interest and maybe this is Fabregas’ legal strategy is entirely in…
Education provider Navitas is exiting its health care and community services training business in Australia, closing some US colleges in a restructure that will cost it $130 million. Navitas says Health Skills Australia will be closed or sold because changes to vocational education funding rules in Australia have affected the long-term viability of the business.…