Outgoing Perpetual chief Geoff Lloyd says there’s a ‘strong place’ for active and passive funds – The Sydney Morning Herald

Restructuring

Outgoing Perpetual chief executive Geoff Lloyd maintains active fund managers in Australia still have a bright future, despite the threat from the global rise of passive investment funds. Mr Lloyd, 49, on Monday announced he would step down at the end of this financial year, after a five-year period in which the industry has faced major structural changes. Perpetual…

Chaswood Resources says Malaysian unit in debt restructuring talks – The Straits Times

Restructuring

SINGAPORE –  Catalist-listed Chaswood Resources Holdings said on Monday (Nov 20) its wholly-owned Malaysian subsidiary has started restructuring proceedings on RM22 million (S$7.18 million) of credit facilities. Under the proposed debt restructuring, the unit, Chaswood Resources Sdn Bhd (CSRB), is holding discussions with its principal lenders – CIMB Bank Berhad, Malayan Banking Berhad and AmBank (M) Berhad…

General Electric Cuts Dividend by Half and Slashes Profit Goals – Wall Street Journal

Restructuring

General Electric Co.s new leader outlined a restructuring plan that will slash the annual dividend by $4 billion and streamline the industrial giants operations, but warned investors it will take years to fix some of the companys businesses and for profits to begin to improve. GE Chief Executive John Flannery lowered earnings targets for 2018…

Media & Capital Partners accused of sacking depressed director Asher Moses – The Australian Financial Review

Restructuring

A former high-flying journalist who helped set up fast-growing public relations and investor relations agency Media & Capital Partners is suing the company, claiming it wrongfully dismissed him after he was diagnosed with depression, and is trying to avoid paying him his equity entitlements. In a claim lodged with the Federal Circuit Court of Australia…

Bemis Rides on Restructuring Plan, Hurricane Effect a Woe – Nasdaq

Restructuring

On Nov 16, we issued an updated research report on Bemis Company, Inc.BMS , maker of flexible packaging products and pressure sensitive materials. The company is likely to benefit from successful implementation of restructuring and cost-savings plan, modifications of business model and focus on innovation. However, its quarterly performance will be affected by hurricane-related impact…

How JNJ’s Medical Devices Business Restructuring Efforts Are Panning Out – Market Realist

Restructuring

Inside JNJ’s Medical Device Business: Developments, Future Growth PART 1 OF 8 By Sarah Collins  | Nov 17, 2017 1:08 pm EST Medical Devices 3Q17 performance In 3Q17, Johnson & Johnson (JNJ) reported ~$19.7 billion in sales. The companys Medical Devices business generated ~33.5% of the total sales, amounting to ~$6.6 billion. The segments sales rose…