SINGAPORE – Whatever the outcome of state-investor Temasek Holdings’ offer to take mainboard-listed SMRT Corporation private, the transport operator will still carry out restructuring plans that it has already laid out, its chief Desmond Kuek said on Thursday. But a clear upside from privatisation would be that it gives SMRT more room to push ahead…
Business doesnt come to a stop just because an employee needs time off for a serious illness. Major decisions still have to be made, including how to adapt to challenges such as falling sales, changing market conditions, new competition and a host of other economic considerations. HR pros cant let sympathy for an employee who…
The decision of securities market regulator SEBI on listing of stock exchanges is being viewed as a welcome step with both the NSE and the BSE going ahead with their plans to float IPOs. The NSE, Indias largest stock exchange, plans to file its draft red herring prospectus by January 2017. Heading the NSE board…
Business doesnt come to a stop just because an employee needs time off for a serious illness. Major decisions still have to be made, including how to adapt to challenges such as falling sales, changing market conditions, new competition and a host of other economic considerations. HR pros cant let sympathy for an employee who…
Golfsmith International Holdings Inc. filed for bankruptcy, hoping to reorganize or attract a buyer who can save the golf-gear retailer as the sports popularity fades in North America. Golfsmith listed debt and assets of as much as $500 million each in Delaware court Wednesday, and said it would try to sell part of the chain…
Tervita Corp., the Canadian oilfield services company focused on waste management, is planning a debt-for-equity swap to reduce its total leverage by about C$2 billion ($1.5 billion). Holders of 63 percent of its senior unsecured notes and 90 percent of its subordinated unsecured notes have agreed to the proposal, according to a statement on Wednesday…
Staff report 12:55 p.m. EDT September 14, 2016 North Jersey Media Group, publisher of the Bergen Record, announced Wednesday an ambitious restructuring designed to make its newsroom and sales department more responsive to the growing digital demands of readers and advertisers.(Photo: BananaStock, Getty Images) North Jersey Media Group, publisher of the Bergen Record, announced Wednesday…
Honor Recognizes Work on Chassix Holdings, Inc. Restructuring WASHINGTON, Sept. 14, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its Corporate Finance & Restructuring segment received the Turnaround Management Association’s Mega Company Turnaround of…
A review of Fixed-Odds Betting Terminals (FOBTs), known as the crack cocaine of gambling, has been ordered by the Government. The Department for Culture, Media and Sport will examine the use of these machines, which have been linked to organised crime and severe gambling debt. The review will be led by culture minister Tracey Crouch,…
FTI Consulting Wins Mega Company Turnaround of the Year Award from Turnaround Management Association Wednesday, September 14, 2016 1:00 PM UTC WASHINGTON, Sept. 14, 2016 — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that its Corporate Finance & Restructuring segment received…