East West currently operates as an oil & gas exploration and development corporation. The first step in the restructuring is the spin-out of oil & gas assets, with corresponding cash flow and all other assets to a new wholly-owned subsidiary of East West. The Company will then spin out the shares of this new subsidiary…
DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) shares bounced 8 percent on Tuesday, lifted by hopes of a deeper restructuring of the German submarines-to-elevators conglomerate after the chairman resigned, leaving the company in a leadership crisis. FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil, Germany, September 25, 2017. REUTERS/Michaela Rehle/File Photo…
FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil Thomson Reuters FRANKFURT (Reuters) – Thyssenkrupp shares were indicated 3.4 percent higher early on Tuesday as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman. Ulrich Lehner resigned on Monday saying he was no…
Tue, Jul 17, 2018 – 10:17 AM OFFSHORE and marine group Ezra Holdings on Tuesday said that its binding proposal with financial consultancy specialist Asia Fund Space (HK) Ltd (AFS) has fallen through on July 16 due to AFS not meeting certain requirements of the deal. In particular, this relates to the non-submission of a…
Marks & Spencer has plans for a new wave of job cuts, with more than 300 posts to go in stores around the country, according to documents seen by the Guardian. The high street chain, which last week warned that its decision to close 100 stores would not necessarily be the end of its attempts…
Chinas economy grew 6.7% over the past year, in line with forecasts, but below the 6.8% level in the March quarter. It was the slowest annual growth rate since the 2016 September quarter. Monthly data on retail sales and urban fixed asset investment also printed in line with expectations, although industrial output missed badly to…
HAUPPAUGE, N.Y.–(BUSINESS WIRE)–Vicon Industries, Inc. (OTCQB: VCON) today announced that the company is implementing a restructuring plan to improve the overall operating efficiency and performance of its business. These efforts are aimed to position the company for long term growth and profitability. The Company is taking several steps including reducing overhead expenses, consolidating operations, and…
Many entrenched motivations for misconduct in the banking sector have been uncovered by the ongoing royal commission. Not least are the conflicts of interest inherent in the major Australian banks providing financial, insurance and mortgage advice and selling related products. The banks, most recently the Commonwealth Bank (following the lead of ANZ and NAB), are…
(Reuters) – Pfizer Inc (PFE.N) announced plans on Wednesday to reorganize into three units, separating its consumer healthcare business that the U.S. drugmaker has been trying to sell since last year. FILE PHOTO: The Pfizer logo is seen at their world headquarters in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly The company said…
The Pfizer logo is seen at their world headquarters in New York. Andrew Kelly/Reuters Pfizer Inc announced plans on Wednesday to reorganize into three units, separating its consumer health care business that the U.S. drugmaker has been trying to sell since last year. The company said it is still looking for options for the lower-margin,…