OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…
OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…
Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the companys Q2 earnings report and conference call have presented investors with even more questions about the future of the company. Restructuring Taking Its Toll In June, Herbalife blamed Federal Trade Commission-mandated restructuring for its second-quarter…
After a first quarter filled with integration and restructuring charges, Enbridge‘s (NYSE: ENB) second-quarter earnings were surprisingly devoid of these expenses. This should have given us a clearer picture of the earnings power that Enbridge has now that it has completed the merger with Spectra Energy. That wasn’t necessarily the case, though, as the company…
KordaMentha is not a name usually associated with property development, but the insolvency specialists’ real estate arm has just completed an apartment project in Melbourne’s hip inner-city Northcote. The $16 million, four-storey building, Libertine Apartments, has 34 one and two-bedroom apartments and is the third development entirely overseen by subsidiary KM Develop. KordaMentha’s Libertine Apartment development…
A forensic audit of Videocon Industries’ accounts has been ordered by a consortium of lenders led by the State Bank of India (SBI) to ascertain if the company stumbled due to tough business conditions or financial mismanagement, the Economic Times reported on Friday while citing two sources. Professional services company KPMG will be…
FILE PHOTO: People walk past a Royal Bank of Scotland office in London Thomson Reuters LONDON (Reuters) – Royal Bank of Scotland on Friday said it posted a profit in the first half of 2017 following a 2 billion pound ($2.65 billion) loss in the same period last year amid hefty restructuring and legal costs.…
Moneycontrol News A consortium of lenders led by State Bank of India has ordered a forensic audit of Videocon Industries‘ account to investigate whether the company stumbled because of tough business conditions or financial mismanagement. The measure is a precursor to the debt restructuring process, which has now become inevitable for Videocon after the company…
Aug. 3, 2017 – by Monica Watrous Monica McGurk, chief growth officer, and Andy Callahan, president, North American Foodservice & International, will be leaving Tyson Foods. SPRINGDALE, ARK. Two executives will depart Tyson Foods, Inc. as part of a company restructuring announced Aug. 2. Monica McGurk, chief growth officer, and Andy Callahan, president, North American…
(Adds CFO and CFO comments on future strategy) MILAN, Aug 2 (Reuters) – Poste Italiane will focus on developing its asset- management business, while continuing the restructuring of its mail and parcel service, under a new business plan now being drafted. The Italian group, which is controlled by the government, last year got more than…