CATALIST-LISTED company AsiaPhos Limited is carrying out an internal restructuring, which will involve the assets, operations and activities of its subsidiaries in Singapore, Hong Kong and China, it announced on Monday. The internal restructuring is to facilitate the reorganisation, streamlining and expansion of the group’s downstream business segment, which consists of the production and sale…
Drake & Scull International (DSI) will look to restructure its debt pile, which stood at Dh2.44 billion at the end of March, through the issue of a new sukuk or a syndicated loan, the companys acting chief financial officer Firas Kalthoum said on Sunday. Mr Kalthoum, whose appointment was announced last week, said that he…
Boeing (ba) said on Tuesday it would restructure its defense, space and security (BDS) division into smaller units and cut about 50 executive positions, as the world’s largest plane maker seeks to make its business more responsive to customers. The business, which accounted for nearly a third of the company’s total revenue in 2016, will…
By Jeff Manning & Mike Rogoway | The Oregonian/OregonLive Nike said Thursday morning it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company’s somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end of last year, so…
Nike Inc. is cutting 2% of its global workforce as part of a broader restructuring designed to increase focus on key markets, the company announced Thursday. Continue Reading Below Nike said its new leadership structure, along with a renewed focus on product innovation, would help drive business in 12 cities that it says will compose…
LONDON Deutsche Bank is creating a new capital markets division as part of a restructuring of its investment banking division, Bloomberg News reported. CEO John Cryan outlined new responsibilities for corporate and investment banking co-heads Garth Ritchie and Marcus Schenk, according to an internal email reported by Bloomberg. Schenk will oversee client relationships while Ritchie…
LONDON Deutsche Bank is creating a new capital markets division as part of a restructuring of its investment banking division, Bloomberg News reported. CEO John Cryan outlined new responsibilities for corporate and investment banking co-heads Garth Ritchie and Marcus Schenk, according to an internal email reported by Bloomberg. Schenk will oversee client relationships while Ritchie…
By Jessica DiNapoli NEW YORK, June 13 (Reuters) – J. Crew Group Inc disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The…
NEW YORK J. Crew Group Inc. disclosed terms on Tuesday of a debt restructuring deal that would roughly cut in half the value of its nearly $567 million in bonds, as well as extend their maturity by two years, after receiving the backing of some key creditors. The move comes after Reuters reported last…
Sears said Tuesday its cutting 400 jobs at corporate offices as it works towards a goal of reducing costs by $US1.25 billion in fiscal 2017. The cuts will primarily affect workers at Sears headquarters in Hoffman Estates, Illinois. The move comes one week after the retailer revealed it was closing 65 more Sears and Kmart…