STOCKHOLMEricsson AB fell to a hefty net loss in the first quarter after booking provisions, write-downs and restructuring costs of 13.4 billion Swedish kronor ($1.51 billion), but said a more focused business strategy should see the company significantly improve its profitability next year. The supplier of wireless-communications gear reported a net loss for the three…
ROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration. Staff at the airline, which employs 12,500 people, rejected the steps brokered by management and labour leaders as part of a 2 billion-euro (US$2.2bil) refinancing package, according to…
[ROME] Workers at Alitalia SpA, Italy’s main airline, voted against a restructuring plan seen as the last chance for the long struggling carrier to avoid being placed under administration. Staff at the airline, which employs 12,500, voted against a rescue plan approved by management and union leaders, according to the results of a ballot released…
STOCKHOLM Ericsson AB fell to a hefty net loss in the first quarter after booking provisions, write-downs and restructuring costs of 13.4 billion Swedish kronor ($1.51 billion), but said a more focused business strategy should see the company significantly improve its profitability next year. Continue Reading Below The supplier of wireless-communications gear reported a net…
Ralph Laurens restructuring plan is moving full steam ahead as the company is set to cut more than 100 positions from a distribution center in North Carolina. The distribution center is based in Greensboro, and while a company spokeswoman declined to specify what positions were being cut, she said North Carolina remains a critically important…
Alan Bond’s family condemn ‘sensationalised’ Channel Nine biopic exit Alan Bond’s family is furious with Channel Nine’s House of Bond, labelling the miniseries “shameful” and “inaccurate”. Bond’s family fired off a strongly-worded statement on Monday night, just minutes after Nine’s television drama made its debut. The miniseries explores a fictionalised account of Alan Bond’s life,…
… Read the full article at: http://www.startribune.com/tcf-first-quarter-earnings-hit-because-of-restructuring-and-technology-costs/420291793/
CALGARY, ALBERTA–(Marketwired – Apr 24, 2017) – Canadian Equipment Rentals Corp. (“CERC” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. (“Maynbridge”). The corporate restructuring and refinancing is the culmination of over ten months of…
BorgWarner Inc. BWA is set to release its first-quarter 2017 results before the market opens on Apr 27. Last quarter, the company posted a positive earnings surprise of 1.19%. It has delivered a positive surprise in each of the trailing four quarters, with an average of 1.55%. Lets see how things have shaped up for the…
The worlds leading network infrastructure company, Ericsson (NASDAQ:ERIC), will release its Q117 earnings on April 25th. FY16 has been a dismal year for Ericsson and for the network infrastructure companies as a whole. Its revenues tumbled from SEK 246.8 billion to SEK 222.6 billion, primarily because of the 10% drop in the mobile infrastructure market…