Daily deals provider Groupon Inc. (GRPN – Free Report) continues to exit international markets as a part of its restructuring plans. Fave platform developer KFit Group which acquired Groupon Indonesia in August recently acquired Groupon Malaysia. However, financial terms of the transaction were not disclosed. Last September, Groupon announced the restructuring plan under which it…
Pauline Blight-Johnston is set to leave AMP after three and a half years. (Photo by Christopher Pearce/Fairfax Media) Christopher Pearce The head of AMP’s troubled life insurance division will leave the listed wealth manager after three and a half years following a major restructuring of the executive team by chief executive Craig Meller. Pauline Blight-Johnston’s position…
While there has been an increase in Australian companies engaging with turnaround specialists, corporate leaders need to be more open to restructuring, Clayton Utz urges as it released its latest restructuring market report. In the From Red to Black report which looks at the state of the Australian restructuring market in FY16 and predictions for FY17,…
SKÄRHAMN, Sweden–(BUSINESS WIRE)–Regulatory News: Viking Supply Ships AB (OSE:VSS01)(STO:VSSAB) strengthens the groups financial position in accordance with the agreement on financial restructuring; announces fully guaranteed rights issue of approximately MSEK 207 as well as a directed share issue and offset share issues together corresponding to approximately MSEK 141. This press release may not be disclosed, published or…
Promoting honesty and integrity in paying taxes must be at the core of the genuine tax reform in the Philippinesa simpler, fairer and more efficient tax system as described earlier by Finance Secretary Carlos Dominguez III. The convenience of taxpayers must also be the highest priority of the government. Stopping corruption and ending bureaucracy in…
For the past year, Hewlett Packard Enterprise Co. (HPE) has undergone a wide-scale transformation under CEO Meg Whitman. After its split from PC and printing giant HP Inc. (HPQ) last year, HPE has spun off two major business units, refocusing on key operations such as computer hardware and investing in new growth opportunities. A Year…
SEOUL, Nov. 25 (Yonhap) — South Korea’s top economic policymaker said Friday that the government will continue its push to restructure ailing sectors such as shipbuilding and shipping in order to help Asia’s fourth-largest economy take another leap in the future. “The government has been implementing corporate restructuring schemes as they are not an undeniable…
The government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. Corporate restructuring is a difficult process that takes a long time. We can reach…
On Nov 23, 2016, shares of multi-line insurance giant MetLife Inc. MET hit a 52-week high of $55.49. The upside is believed to have been driven by a profitable third quarter reported earlier this month, an increase in share buyback authorization last week as well as restructuring initiatives taken recently. Over the past 52 weeks,…
The government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. “Corporate restructuring is a difficult process that takes a long time. We can reach…