Governor takes steps to restructure economic development efforts, create jobs – CapeGazette.com

Restructuring

Gov. John Carney held a signing ceremony Aug. 14 for House Bill 226, a major piece of legislation that restructures Delaware’s economic development efforts, with a focus on supporting Delaware small businesses, innovators and entrepreneurs. Carney also signed incorporation paperwork creating the Delaware Prosperity Partnership, a public-private partnership that will leverage private-sector resources to enhance…

Regulators get ready to authorise ‘ring-fenced’ British banks – The Australian Financial Review

Restructuring

by Caroline Binham and Emma Dunkley Regulators at the Bank of England are quietly getting ready to authorise the creation of the three largest banks to come into existence in Britain. According to the BoE’s Prudential Regulation Authority, the legal entities of HSBC, Barclays and Lloyds Banking Group will mark the biggest creation of banks…

New investment rules to curb China’s foreign acquisition binge – The Sydney Morning Herald

Restructuring

Beijing: The Chinese government has officially put the brakes on Chinese companies pouring big money into overseas property development, issuing rules likely to have a significant impact in Australia. China’s State Council, or cabinet, issued the first rules on overseas investment by Chinese companies on Friday. Wanda Group president Wang Jianlin a year ago boasted…

Bearish bets on Japan Display approaches record after restructuring plan announcement – The Japan Times

Restructuring

While Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record. Japan Display Inc. soared almost 12 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 25 percent of free float…

BRIEF-Seadrill moves to insulate Seadrill Partners in restructuring – Business Insider

Restructuring

Aug 17 (Reuters) – Seadrill Ltd * Amendments to certain credit facilities to insulate seadrill partners from seadrill limited’s restructuring * has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use…

Ericsson is reportedly planning to cut 25000 jobs in ‘brutal’ response to crisis – Business Insider Nordic

Restructuring

Multinational telecom operator Ericsson which carries 40% of the worlds mobile traffic on its networks and is Swedens second largest company by revenue reported another disappointing quarter last month. As response, the troubled companys new CEO Börje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake.…

SDRL – Amendments to Certain Credit Facilities to Insulate Seadrill Partners from Seadrill Limited’s Restructuring – Nasdaq

Restructuring

Hamilton, Bermuda, August 17, 2017 – Seadrill Limited (“SDRL or the Company”) announces today that it has completed amendments to three secured credit facilities that relate to rigs purchased by Seadrill Partners from the Company that will insulate Seadrill Partners from events of default related to the Company’s likely use of chapter 11…