Tata Steel UK’s pension scheme deficit to go up to $2.5 bn; co may face insolvency – Firstpost

Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…

UPDATE 3-Caterpillar sees ’17 profit below expectations as restructuring continues – Business Insider

(Adds company comments, analyst quote) By Mark Weinraub CHICAGO, Jan 26 (Reuters) – Caterpillar Inc, the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a…

Cimpress NV Falls Along With Earnings, Business Restructuring – Nasdaq

Cimpress NV (NASDAQ: CMPR) announced fiscal second-quarter 2017 results Wednesday after the market closed, along with plans to “decentralize its organizational structure.” Shares are down more than 8% in after-hours trading, as Wall Street frowns upon continued profitability headwinds for the mass customization specialist. To be fair, going into this report Cimpress shares had all…

Tata Steel UK’s pension scheme deficit to go up to $2.5 bn; co may face insolvency – Firstpost

Tata Steel UK’s pension scheme deficit is set to balloon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain’s largest steelmaker believes it could face insolvency unless a way can be found to tackle it, the scheme’s trustee has told members. Indian parent company Tata Steel has held talks to merge its European assets with Germany’s…