Updated Jan. 19, 2016 7:49 p.m. ET Smith & Wesson Holding Corp. SWHC -1.70 % announced plans Tuesday to buy its way into the broader $60 billion outdoor sporting-goods market, reducing its reliance on volatile sales of guns and ammunition. The largest U.S. firearms maker by revenue could create up to three new divisions for…
Sometime in the early 1960s, a man called David Litvinoff awoke to find himself bloody and bruised, his head shaved, tied tightly to a chair that was hanging from the railings of his balcony high above Kensington High Street in west London. He had been knocked out and then hung out to dry, high above…
CHENNAI: Serial entrepreneur C Sivasankaran, who made audacious bets in telecom, has been given a second chance by a court which annulled his bankruptcy on Monday. Sivasankaran had applied for bankruptcy protection in a Seychelles court to ward off a claim by his Bahrain-based telecom partner Batelco, which won a court decree for its $212-million…
Knightsbridge Insolvency Services has completed the acquisition of all insolvency cases from Personal Debt Help Line a debt management company based in Cheadle. Knightsbridge, based in Carrington and part of the Money Advice Group , will acquire all 2,100 insolvency cases as well as 18 members of staff, in a deal expected to be worth…
Updated Jan. 19, 2016 9:05 a.m. ET Johnson & Johnson on Tuesday said it would cut about 3,000 jobs in its medical-devices division as part of an effort to remove $1 billion in annual costs in the business that makes sterilization equipment and surgical tools. The eliminated positions represent 2.5% of J&Js global workforce and…
If you’re a physician in Georgia or work with horses in Kentucky, you could be eligible for some significant student loan forgiveness plans. Forty-three million people in the United States owe some amount of student loan debt, according to the Center for American Progress. But some of those borrowers may be eligible for loan-forgiveness programs…
Romanias Policyholder Guarantee Fund, which will compensate those who held outstanding insurance policies at the Romanian insurance company Astra Asigurari that went into bankruptcy last fall, aims to get RON 680 million (EUR 150 million) from the companys liquidation. The fund will thus become the insurers largest creditor. Astra has already started liquidation…
NEW DELHI: A group of 9 investors, including Tiger Global and SAIF Partners, have opposed National Stock Exchange’s business restructuring plan saying the move would delay the bourse’s listing and result in loss in shareholders’ value. These investors – who together hold nearly 20 per cent stake – have also asked the exchange to move…
For months in 1987, Donald Trump maneuvered to take control of the hulking, unfinished Taj Mahal casino in Atlantic City. He snapped up stock in the parent company after its owner died and then made a surprise bid to take the company private. With the Taj, along with two casinos he already owned in the…
Johnson & Johnson Inc. JNJ, -1.91% said Tuesday it is planning to cut about 4% to 6% of the global workforce in its medical devices business over the next two years, as…