Sept. 25, 2017 – by Josh Sosland Search for similar articles by keyword: [Bread] Baking companies are reshaping their businesses to remain competitive and successful in a chronically flat market. KANSAS CITY Sales trends in the fresh bread category were weak once again over the past year. While the decline in unit sales was modest…
(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new business units and will no longer have separate commercial and consumer units, marking the first significant move by new Chief Executive Brian Duperreault. Under the new structure, AIG will have a general insurance unit, a life and retirement unit…
By Alice Baghdjian , Aaron Kirchfeld , and Ed Hammond September 25, 2017, 1:14 AM EDT September 25, 2017, 3:20 AM EDT ABB Ltd. agreed to buy the industrial solutions business of General Electric Co. in a deal valued at $2.6 billion that will strengthen the Swiss companys business in the U.S., its largest market.…
Zimre Holdings Limited (ZHL), saw its profits growing by 1 137% to $2,7 million in the half-year ended June 30 from the comparable period last year, as the financial services group reaps from its restructuring exercise. BY BUSINESS REPORTER In the same period last year, ZHL posted a profit of $200 000. The performance was…
(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million) as part of a restructuring exercise. Leshi Internet Information & Technology, a video content company, said in a filing it…
Sept 25 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The credibility of an expert witness put up by the pharmaceuticals industry has been shot down by the National Institute for Health and…
by Lisa Armstrong Tributes are a strange business. A closure of sorts. Then again, there’s always the risk of reopening old wounds that may, more or less, have healed. Donatella Versace has been tussling with this dilemma for two decades. It’s 20 years and two months since her brother, Gianni, was murdered outside his Miami…
APPROXIMATELY 95% of employers are considered to be a small business (less than 20 employees), including micro businesses (less than five employees). Micro & small businesses make a significant contribution to the total value of industry output. Small businesses are spread out over all industries. In the Coffs Harbour region ‘health care and social assistance’…
Pillarstone, the European platform set up by US private equity firm KKR, is in advanced talks with creditor banks regarding the restructuring of the Notos Com Holdings group and frozen seafood company Kallimanis. The debt management firm will provide the funds needed for the restructuring of the two enterprises debts and will take an active…
Facebook dropped Mark Zuckerberg’s plan to restructure the company’s voting shares. James Martin/CNET Facebook is dropping a plan to restructure its stock, which would have allowed CEO Mark Zuckerberg to retain control of the company even as he planned to sell his shares for philanthropic causes. Zuckerberg said Friday he’s still committed to his philanthropic…