General Electric, is nearing a decision on whether to grant a board seat to Nelsons Peltzs Trian Fund Management, a move that signal that the company is contemplating a more radical downsizing of the conglomerate than previously disclosed, FOX Business has learned. The decision by GEs board of directors could be made in the coming…
General Electric, is nearing a decision on whether to grant a board seat to Nelsons Peltzs Trian Fund Management, a move that signal that the company is contemplating a more radical downsizing of the conglomerate than previously disclosed, FOX Business has learned. Continue Reading Below The decision by GEs board of directors could be made…
Sep 19, 2017 03:19 PM IST | Source: CNBC-TV18 Restructuring of non-core businesses will be done in next 30 months. 9 or 10 businesses will either be sold or closed, said AM Naik, Group Executive Chairman, Larsen and Toubro. AM Naik, Group Executive Chairman, Larsen and Toubro in an exclusive interview to CNBC-TV18’s Shereen Bhan…
FREMONT, Calif., Sept. 19, 2017 (GLOBE NEWSWIRE) — Digital Power Corporation (NYSE AMERICAN:DPW) (“Digital Power” or the “Company”), a company seeking to increase revenues through acquisitions and organic growth, announced today that its Board of Directors has approved a corporate restructure in support of its business model as a holding company and the reincorporation of…
Files Voluntary Chapter 11 Petitions in U.S. and Intends to Seek Protection under CCAA in Canada; Operations Outside U.S. and Canada Not Included in Proceedings Toys”R”Us and Babies”R”Us Stores and Web Stores across the World are Open and Continuing to Provide World-Class Experiences for Customers Restructuring Process Expected to Enhance Financial Flexibility for Investments in…
Jane Merrick IAG is restructuring its marketing department to allow for a new brand strategy across the business. As a result, Jane Merrick, general manager of marketing at IAG, has exited the insurance firm after eight years. CMO Brent Smart, who took on the role in February, has put in place the major overhaul of…
BURBANK, Calif., Sept. 18, 2017 /PRNewswire/ — Zetta Jet announced today that on September 15, 2017, Zetta Jet Pte. Ltd and its U.S. subsidiary, Zetta Jet USA, Inc., filed voluntary bankruptcy petitions under Chapter 11 of the U.S. Bankruptcy Code to seek to restructure their debt while continuing normal business operations. The Company said that the…
AGI HoldCo, Inc., a multichannel leading womens footwear brand doing business as Aerosoles, announced that it, along with certain of its subsidiaries have voluntarily filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company will continue to manage its stores and…
UK carrier Monarch Airlines were said to be in the process of a radical overhaul of its business strategy as it held discussions with regulators regarding the annual extension of its tour operators licence. SkyNews claimed that Monarch was in the process of working out sale and restructuring options to its short-haul business with KPMG…
Dive Brief: AGI HoldCo, which does business as Aerosoles, announced on Friday that it has voluntarily filed petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware, according to a company press release. The company will close up to 74 retail stores as it reorganizes,…