Intel Corp. said its second-quarter earnings fell sharply as the chip giant booked a hefty charge related to its efforts to restructure and cut costs. In April, the company unveiled cost-cutting plans that aim to free up funds to invest in businesses that are growing. The restructuring includes plans to slash 12,000 jobs, or about…
Updated July 20, 2016 4:49 p.m. ET Intel Corp. INTC 1.54 % s second-quarter earnings fell sharply on charges related to its efforts to restructure and cut operating costs. In April, the Santa Clara, Calif.-based company unveiled cost-cutting plans to free up funds to invest in business areas that are growing. The restructuring includes slashing…
A big question mark hangs over Korea’s top conglomerate, the Samsung Group. With its chairman Lee Kun-hee ill and bedridden for the past two years, succession looms large at the colossal corporate empire, which alone accounts for roughly a fifth of the nation’s economy. The market knows who the successor is — Lee’s only son…
EDCON announced on Monday that it was bidding farewell to some members of its executive management team, and introducing new ones, amid a restructuring of operations. The retailer said Urin Ferndale had been appointed CE of the Jet division. Ferndale replaces Andy Williams, who the company said would return to England for family reasons. Edcon…
PHILADELPHIA–(BUSINESS WIRE)–Versa Capital Management, LLC (Versa) is pleased to announce today the formation of Eastern Outfitters, LLC, which will continue the restructured and recapitalized operations of Eastern Mountain Sports (EMS) and Bobs Stores (Bobs). EMS and Bobs will operate as business units of Eastern Outfitters, LLC, a new holding company with over $400 million in…
What to Expect from Johnson & Johnson’s 2Q16 Results PART 4 OF 5 By Sarah Collins | Jul 13, 2016 10:29 am EDT Overview Johnson & Johnson (JNJ) was experiencing difficulties in its Medical Devices business and undertook initiatives to better align the segment with the companys core business profile and medical device industry trends.…
C&J Energy Services Ltd. plans to file Chapter 11 now that it’s reached a restructuring more Mikhail Kokhanchikov C&J E… Read the full article at: http://www.bizjournals.com/houston/news/2016/07/12/houston-energy-company-reaches-restructuring.html
SYDNEY, Australia, July 13, 2016 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced the expansion of the firm’s Corporate Finance & Restructuring segment in Australia with the addition of two Senior Managing Directors, Marcus Derwin and Michael…
New Delhi: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given a voluntary retirement scheme to 250 workers as part of the process. It is one vertical which has not met expectations last year. We are currently in the process of deciding…
An increasing number of South Korean creditors are advocating the necessity of new ways of corporate restructuring as the existing method characterized by voluntary agreements led by state-run banks is showing its limitations. The existing method, which was brought in about 15 years ago, is for a restructuring target to try to go back to…