Lazard Ltd. said fourth-quarter revenue rose amid gains in its financial advisory and asset-management businesses, while its profit declined on higher costs and income tax provisions. Financial advisory revenue grew 22% from the prior year to $331.2 million with revenue in its deal-making advisory business growing 17%. Revenue from its restructuring advisory business grew 15%…
Joe Costantino, the Deputy Managing of Sharp Australia has quit along with two other senior executives. The restructure which is believed to have ordered by Foxconn executives who took over the management of the Sharp Corporation last year, also saw the exit of Sandra Woods General Manager Administration and Ross McLennan, General Manger Operations and…
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 but recovered from…
SINGAPORE: Ezra Holdings Ltd., an indebted Singapore-based provider of offshore oil services, said its working with advisers on restructuring and that it could be faced with a going concern issue if its revamp isnt favorably completed. In light of the severe and protracted downturn in the global oil and gas industry, the group will continue…
NEW DELHI: Drug firm Strides Shasun reported an over three fold jump in its consolidated net profit to Rs 187.32 crore for the quarter ended December 31, 2016 as the company today unveiled major restructuring plans. The company had posted a net profit after taxes and minority interest and share of loss of associates and…
Lazard Ltd. said fourth-quarter revenue rose amid gains in its financial advisory and asset-management businesses, while its profit declined on higher costs and income tax provisions. Financial advisory revenue grew 22% from the prior year to $331.2 million with revenue in its deal-making advisory business growing 17%. Revenue from its restructuring advisory business grew 15%…
New Yorkers love sports and they have lots of teams to cheer on in close proximity. You have the Yankees, Knicks, Rangers, Jets, Islanders, Mets and Nets. Thats just covering the big four sports, there are plenty of other teams in the city too. A lot of sports fans enjoy having action on games theyre…
GUD Holdings has a strong auto parts business but its Oates mops and brooms have been hit hard by the shutdown of Masters and poor profits in the Woolies supermarkets. Ben Rushton The $3 billion Woolworths Masters hardware disaster and losses from sales of mops, brooms and buckets in Woolworths supermarkets crunched the Oates brand…
Aetna reported a $215 million after-tax cost for restructuring in a filing with the Securities and Exchange Commission Tuesday. The same filing said that Aetna’s full-year profits fell 5 percent compared to 2015. The press release said the drop was “primarily due” to the cost of a voluntary early retirement incentive and costs related to…
GAINESVILLE, Fla.–(BUSINESS WIRE)–With the goals of increasing productivity, enhancing profitability of its worldwide business, and strengthening its focus on core competencies, Exactech, Inc., (Nasdaq: EXAC), a developer and producer of bone and joint restoration products for extremities, hip, knee and spine, has announced the restructuring of its Spine and Biologics business segment including the divestiture…