One of Toronto’s biggest property developers wants to restructure itself by selling assets to pay down debt and finish the more than 1,000 housing units it is currently trying to build across the Greater Toronto Area. Urbancorp Toronto Management Inc. said on Friday it is seeking to restructure its operations under Canada’s Bankruptcy and Insolvency…
MINNEAPOLIS–(BUSINESS WIRE)–R3 Continuum (R3) today announced a restructuring to highlight the depth, breadth and expertise of their clinical team. This restructuring is largely focused on the leadership team, but will also cascade further into the organization as R3 growth accelerates. The three key moves in this restructuring include a change in reporting relationship for Dr.…
Updated April 25, 2016 10:12 a.m. ET Xerox Corp. XRX -12.49 % s profit fell 85% in the first quarter, hurt by higher restructuring charges, as its business remained challenged ahead of its planned separation. Shares of Xerox fell 11% to $9.95 in morning trading in New York as the company also issued downbeat guidance…
MUMBAI: The Sri Adhikari Brothers (SAB) Group, owned by Gautam and Markand Adhikari, has completed its business restructuring and is ready to list two new resulting companies TV Vision and SAB Events and Governance Now (SAB Events) on the bourses. These are in addition to the existing listed entity, Sri Adhikari Brothers Television Network. “We…
Energy companies are feeling the pinch. Wall Street is getting ready to gorge. A precipitous decline in commodity prices, including the price of oil, in recent months means that flailing companies need to restructure their businesses. Lazard CEO Kenneth Jacobs on Friday said on a conference call Friday that his firms restructuring advisory business was…
Ericsson (NASDAQ: ERIC) announced a corporate restructuring that includes business units dedicated to the IT and cloud sectors, news that comes alongside a reshuffled management team and relatively sluggish first quarter results. Specifically, Ericsson said that it will break up its businesses into five new units, two of which will focus on IT and cloud…
When Intel announced quarterly earnings and plans to layoff 12,000 workers earlier this week, it set off a chorus of analysts who likened the chip giants ongoing diversification to teaching an elephant to dance a nod to Lou Gerstners miraculous turnaround of IBM back in the 90s. Continue Reading Below Id love to join in…
This earnings season has clearly given evidence to the fact that corporations in the United States, both financial as well as non-financial, are either restructuring and need to restructure. Evidence of this is all over the place. Two pieces in the Wall Street Journal about Intel Corp. (NASDAQ: INTC) point to the need for such…
As Intel embarks on the move to eliminate around 12,000 jobs globally, close to 11 per cent of its global workforce, the chip maker’s operations in India may not be spared though the impact here might not be immediately felt. India is one of the important research and development (R&D) sites…
On Intels Tuesday earnings call, CEO Brian Krzanich explained why the company is restructuring, including laying off up to 12,000 employees. Basically, the PC business is hurting, and Intel knows it has to change fast to survive. Intel has typically been known as a PC company, Krzanich said. Now, its going to be focused around…