TuSimple Announces Restructuring with a Focus on Investing in R&D to Advance Autonomous Trucking Technology – Yahoo Finance

Restructuring

Key points of the restructuring plan: Focus on capital discipline given macroeconomic conditions and industry readiness. Strategic investments on highest value-added projects, namely the validation and commercialization of TuSimple’s leading autonomous trucking technology. Restructuring impacts approximately 350 employees, or 25% of TuSimple’s workforce; 80% of the remaining approximately 1,100 TuSimple employees are in R&D functions.…

DCL Corporation Commences U.S. and Canadian Restructuring … – PR Newswire

Restructuring

TORONTO, Dec. 21, 2022 /PRNewswire/ — To facilitate the ongoing process to sell its businesses, DCL Corporation (DCL or the Company), a leading manufacturer and reseller of color pigments, announced today that, on December 20, 2022, its United States based subsidiaries have filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the Bankruptcy…

Wilko appoints chief executive with wide restructuring experience – Financial Times

Restructuring

Receive free Wilkinson Hardware Stores updates Well send you a myFT Daily Digest email rounding up the latest Wilkinson Hardware Stores news every morning. UK retail chain Wilko has appointed a new chief executive with extensive restructuring experience as talks continue over a refinancing to secure its future. The family-owned group said Mark Jackson would…

Co-founder’s landmark court case could save GoodBox … – BusinessCloud

Restructuring

FinTechDealsInvestment Landmark legal proceedings are underway to try and rescue Manchester FinTech GoodBox from administration. The move could save 4.5 million invested by the public purse and help to secure the future fundraising of thousands of charities. At a hearing at Leeds High Court scheduled for Wednesday, 21st December 2022, NGI Systems, a tech vendor…

A&M Perspective: Implications of ESG on Corporate Financing and … – Alvarez & Marsal

Restructuring

1. Introduction In recent years, Environmental, Social and Governance (ESG) considerations have become critical to the success of many companies operating and financial models, given the growing investor interest and stakeholder scrutiny around ESG issues. Over the last decade, a raft of academic studies has drawn a strong link between the adoption of various ESG…

Banking Day – BankingDay

Restructuring

ANZ shareholders approved a restructuring of the bank at a scheme meeting yesterday, which will see the groups banking and non-banking business split into two separate companies. Under the proposal approved at a scheme meeting yesterday, the two businesses will operate under the control of a non-operating holding company. ANZ chair Paul OSullivan said banking…

MY.GAMES to cease all operations in Russia as part of business … – Game World Observer

Restructuring

MY.GAMES, originally founded in Russia, has decided to cease all business operations in the country. The company plans to continue its global expansion and develop new games for global markets. On December 15, MY.GAMES announced that it would now focus solely on international business development. Here are some major changes to the companys business: Since…

Axcella Announces Program Reprioritization and Corporate Restructuring – Business Wire

Restructuring

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Axcella Therapeutics (Nasdaq: AXLA), a biotechnology company pioneering a new approach to treat complex diseases using multi-targeted endogenous metabolic modulator (EMM) compositions, today announces a repositioning of its strategy to focus on Long COVID and realize value from its platform and current programs. The company has initiated a process to explore a range…

Norton Rose Fulbright announces Scott Atkins as its next global chair – Norton Rose Fulbright

Restructuring

Global law firm Norton Rose Fulbright announced today that Scott Atkins, the firms Australia chair, will become the firms global chair effective January 1, 2023. In this leadership role, Scott will help to drive the execution and achievement of the global firms strategy and efforts to maintain consistently excellent client service around the world. The…