GTT Financial restructuring process completed Debt reduced by close to $3 billion; balance sheet strengthened Culture transformed to focus on customer experience and continuous operational improvements MCLEAN, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) — GTT Communications, Inc. (GTT or the Company), a leading global provider of managed network and security services to multinational organizations, announced…
Dave Wilkin, Co-Founder and CEO, 10KC. Getty Economic uncertainty and fear for the future have led to mass layoffs and hiring freezes across many companies. And while these measures might be fiscally responsible and necessary, employee engagement is undoubtedly impacted when an organization downsizes or restructures. A quick look at social media, and you can…
E.W. Scripps Company In the worst cases the Federal Trade Commissions says cash-strapped consumers are charged a large up-front fee by a company that falsely claims they can remove negative information from their credit report. Also, there are often promises to help settle or lower their debts. COLORADO SPRINGS With inflation and many families gathering…
LONDON, Jan. 3, 2023 /PRNewswire/ — Winston & Strawn LLP is pleased to announce the expansion of the firm’s restructuring team with the addition of Partner Paul Fleming to lead the Restructuring & Insolvency Practice in the firm’s London office. Paul has more than 25 years’ experience in advising creditors (including institutional lenders and bondholders),…
NEW YORK, Jan 3 (Reuters) – Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrupt FTX cryptocurrency exchange, according to a source familiar with the matter. Bankman-Fried is accused of illegally using FTX customer deposits to…
LONDON, Jan. 3, 2023 /PRNewswire/ — Winston & Strawn LLP is pleased to announce the expansion of the firm’s restructuring team with the addition of Partner Paul Fleming to lead the Restructuring & Insolvency Practice in the firm’s London office. Paul has more than 25 years’ experience in advising creditors (including institutional lenders and bondholders),…
Australian sustainable eco-friendly retailer Ecolateral has collapsed into voluntary administration after a challenging 12-month period. Jamie Stott, CEO of Ecolateral, said in a LinkedIn post that the current economic climate and future outlook have led to this heartbreaking decision to call in administrators. I regret to announce following the closure of our Blackwood store two…
At a time when Macau casinos just started operation under their new licenses as of January 1st, 2023, the stakes on whether they will manage to successfully deliver on the gambling hubs Government mandate to diversify their offerings with non-gambling services remain high. For the past two decades, the casinos of Wynn Macau, SJM Holdings,…
Australian sustainable eco-friendly retailer Ecolateral has collapsed into voluntary administration after a challenging 12-month period. Jamie Stott, CEO of Ecolateral, said in a LinkedIn post that the current economic climate and future outlook have led to this heartbreaking decision to call in administrators. I regret to announce following the closure of our Blackwood store two…