Ministers have been warned not to rush into far-reaching changes to pensions law in an attempt to save the Indian conglomerate Tatas UK steel-making assets. The government has confirmed it is looking at all options in relation to Tatas £15bn UK pensions liabilities seen as one of the major obstacles to a successful sale. The…
Updated May 25, 2016 7:40 p.m. ET Takata Corp. 7312 13.76 % hired investment bankers to seek a cash infusion and negotiate with auto makers over the ballooning costs it faces for rupture-prone air bags linked to 11 deaths and more than 100 injuries world-wide. Takata tapped Lazard Ltd. LAZ 1.21 % to help craft…
Microsoft has announced that it is restructuring its smartphone business, laying off 1,850 employees associated with its hardware division. The move will impact 1,350 jobs at Microsoft’s Finland unit, and an additional 500 jobs globally. Microsoft will undertake an impairment and restructuring charge of $950 million, of which $200 million is earmarked for severance payments.…
Vice News has cut around 20 staff from its global bureaus in a restructuring resulting from Josh Tyrangiels appointment to oversee the media companys entire news operation, a source familiar with the plans told Business Insider. Tyrangiel joined Vice from Bloomberg in late 2015 to head up the daily news show on HBO. His role…
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Microsoft Corp. (Nasdaq: MSFT) announced plans to streamline the company’s smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million, of…
International Business Machines is believed to be moving in the right direction by reducing costs and investing in secular growth Published By: Angela Campbell on May 24, 2016 10:28 am EST International Business Machines Corp (NYSE:IBM) is one of the oldest and largest companies known in the computing space. IBM has played an important…
May 24, 2016 11:34 AM SHARES of Thai Beverage Public Co (ThaiBev) gained 1.7 per cent or 1.5 Singapore cents as at 11.07am on Tuesday to trade at 87.5 Singapore cents as a Religare report speculated about a potential restructuring of the Chang beer brewer. Religare analyst Nirgunan Tiruchelvam raised his target price for the…
It is no secret that International Business Machines Corp. (NYSE: IBM) has been a lagging stock. It hasnt helped out that IBM is a Dow stock, nor that Warren Buffett keeps buying up its shares even though Berkshire Hathaway already is the largest shareholder. Now comes a note from Wells Fargo that IBM is starting to execute on…
RigNet, Inc. (NASDAQ: RNET), a leading global provider of digital technology solutions focusing on serving energy facilities, maritime vessels and other global remote locations, announces a restructuring of its Telecoms Systems Integration (“TSI”) business into its Managed Services business. In order to better utilize sales, technical, operating and administrative personnel across the businesses and also…
Updated May 19, 2016 11:10 a.m. ET WASHINGTONHouse Republicans reached an agreement with the Obama administration to provide Puerto Rico a path to restructure its $70 billion debt load, the first step toward ending its decadelong recession. With nearly all other details ironed out, disagreements had remained over how to handle appointments to a seven-member…