Updated Nov. 1, 2016 9:52 a.m. ET Thomson Reuters Corp. said on Tuesday it will lay off about 2,000 workers, and sustain a charge of up to $250 million in the current quarter, connected to a transformation of its business. The company, which provides news and information services to professionals, also reported flat revenue and…
He was known by all the bookmakers, Tom Waterhouse says in Andrew Sigalla fraud trial Tom Waterhouse enters King Street Supreme Court where he is giving evidence in the Anthony Sigalla trial. Photo: Nick Moir Andrew Sigalla (right) leaves the Supreme Court. Photo: Jessica Hromas exit High-profile bookmaker Tom Waterhouse has told a Sydney court…
Good cash flows from the launch of cholesterol-lowering drug Zetia in December could help Glenmark Pharma trim its debt significantly by the end of the year, says Pharma Analyst Surajit Pal of Prabhudas Lilladher. Glenmark will enjoy 134 days of exclusivity from the launch of the drug. Pal, however, believes Glenmark has reasonable…
Lenders of household appliances maker Khaitan Electricals have invoked strategic debt restructuring and has fixed August 17, 2016, as reference date for the exercise. “At the Joint Lenders Forum (JLF) meeting, the lenders have invoked strategic debt restructuring (SDR) in the company and adopted the ‘reference date’ for the purpose as August 17,…