Getty Images Sears’ sales are down 45% since early 2013, its debt load has spiked to over $4 billion, and the company is losing well over $1 billion annually. To meet its obligations, Sears has been selling off valuable brands and properties. Now its pool of assets is dwindling, increasing the risk of a bankruptcy,…
Change fatigue and the lack of pay increases has had an impact on the behaviour of Australias office workers. Generally, Australians are sticking to their current jobs, keeping their heads down and working harder, according to the latest CEB Global Talent Monitor survey. However, CEB, now Gartner, has detected a flow on effect from a…
Alex Ralph The Israeli company has launched a huge restructuring, including the loss of 14,000 jobsAmir Cohen/Reuters More than 1,000 UK employees at the worlds biggest maker of generic drugs face an anxious Christmas after Teva Pharmaceutical Industries announced plans to cut a quarter of its global workforce. The Israeli company has launched a huge…
HOUSTON–(BUSINESS WIRE)–Houlihan Lokey (NYSE: HLI), the global investment bank, today announced that Victor Barcot has joined the firm as a Managing Director in the Oil & Gas Exploration and Production (E&P) Group. He is based in Houston. Mr. Barcot joins from Deutsche Bank, where he was a Managing Director in the Global Oil & Gas…
A deal has been agreed to stave off the collapse of Four Seasons Health Care, which looks after 17,000 elderly and vulnerable people, after the companys largest creditor agreed to drop several conditions. Four Seasons had warned it might not honour a £26m debt payment due by Friday, raising fears the firm could become the…
David Crow December 14, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/8f91f2e6-60e4-3b4c-9b6b-31f4093b81bf
JERUSALEM–(BUSINESS WIRE)–Teva Pharmaceutical Industries Ltd. (NYSE & TASE: TEVA) announced today a comprehensive restructuring plan to significantly reduce its cost base, unify and simplify its organization and improve business performance, profitability, cash flow generation and productivity. Kåre Schultz, Tevas President and CEO, said, “Two weeks ago we announced a new organizational structure and executive management…
HOUSTON–(BUSINESS WIRE)–Cobalt International Energy, Inc. (Cobalt) (NYSE:CIE) today announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Chapter 11 Cases). Cobalt expects to conduct business in the ordinary…
Teva Pharmaceutical Industries Ltd. will relocate or shut down most of its manufacturing operations in Israel, according to a document reviewed by Calcalist and people familiar with the matter who spoke on condition of anonymity. The company’s plans in Israel are part of the wider global restructuring strategy announced by the company late November. The…
WILMINGTON, Del. (Reuters) – A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology companys bankruptcy just days after its parent company Toshiba Corp (6502.T) proposed a restructuring plan. FILE PHOTO – The logo of the American company Westinghouse is pictured…