Image source: Getty Images. Continue Reading Below What happened Shares of Seadrill (NYSE: SDRL) are down 26.8% as of 11:45 a.m. EST today after the company announced it was in negotiations with its creditors to restructure its debt. So what Th… Read the full article at: http://www.foxbusiness.com/markets/2017/01/31/shares-seadrill-crash-and-burn-after-debt-restructuring.html
NAPLES, Fla.–(BUSINESS WIRE)–QORVAL is pleased to announce the formation of QORVAL Marine, a new division that will offer world-class restructuring and strategic solutions services to the maritime sector. Led by Paul Slater, a leading maritime restructuring authority with over 30 years of experience in the industry, QORVAL Marine will focus on providing expert and innovative…
SEATTLE & DENVER–(BUSINESS WIRE)–JND Corporate Restructuring, a subsidiary of JND Legal Administration that provides technology-driven claims and noticing services to companies undergoing corporate bankruptcy, announced that Steven B. Smith, Esq. has joined the company as senior consultant. In his new role, Smith will focus on advancing the companys growth objectives and supporting clients in their…
Health insurer Aetna Inc. reported a 57% slide in net income even as revenue rose in the latest quarter, hurt by restructuring costs. The earnings report from Aetna, which also included a soft view on earnings in 2017, comes a week after a federal judge blocked the proposed merger of Aetna and Humana Inc., citing…
LONDON The head of business banking at High Street lender Natwest says more small businesses are asking about export opportunities as Brexit looms. They want to know how to trade internationally a bit more, those who dont already, Marcelino Castrillo, Managing Director for Business and Private Banking at Natwest, told Business Insider. Boosting British exports…
Hamilton, Bermuda, January 31, 2017 – Seadrill Limited (“SDRL” or “the Company”) has filed a 6K today detailing the status of negotiations with its secured lending banks, unsecured bondholders, and potential new money investors. Over the past year we have had substantial dialogue with our secured lenders to amend and extend c.USD8 billion in first…
Dairy producer Clover on Monday moved to reassure shareholders that its restructure and the transfer of its low-margin business will not negatively impact the JSE-listed firm. Clover last month announced the restructuring of its business to develop higher-margin, value-added products in dairy and other related food categories and eliminate Clover’s exposure to the cyclical nature…
Dive Brief: Endo International is slashing 90 full-time positions under a restructuring aimed at lowering costs and driving greater efficiencies and business alignment, the company said Jan. 26. The Irish pharma said its latest restructuring actions mainly will affect corporate functions and branded pharmaceutical R&D operations at its U.S. headquarters in Malvern, Pennsylvania, and in…
CHARLOTTE, N.C.–(BUSINESS WIRE)–EnPro Industries, Inc. (NYSE: NPO) today reported that, as contemplated by the joint plan of reorganization to resolve all current and future asbestos claims against its subsidiaries Garlock Sealing Technologies LLC (GST) and Coltec Industries Inc (Coltec) that was filed in GSTs asbestos claims resolution process (the ACRP) under Chapter 11 of the…
Endo Announces Actions to Drive Greater Efficiency and Business Alignment Endo InternationalPosted on: 29 Jan 17 DUBLIN, Jan. 26, 2017 /PRNewswire/ — Endo International plc (NASDAQ / TSX: ENDP) announced today that as part of its comprehensive organizational review, it has initiated a restructuring program. These restructuring actions primarily relate to the Company’s Corporate functions and…