Intel today reported its Q3 earnings, and while the company beat estimates on both revenues and earnings, it also said that it would be raising its restructuring charges to an eye-watering $2.3 billion, as it continues to shift its business away from PC processors and into chips for the next generation of computing in devices like…
In Italys male gerontocracy, gender quotas induced the restructuring of company boards Fontana di Trevi, Rome, by Giorgio Galeotti, under a CC-BY-2.o licence Women are underrepresented among top leadership positions everywhere. Gender quotas have been proposed to accelerate the process towards economic gender equality and to promote womens empowerment. Norway pioneered the introduction of gender quotas…
Johannesburg – Edcon, South Africas biggest clothing retailer, which was taken over by creditors last month, said on Monday that conditions of the debt-to-equity swop had been fulfilled, making way for the restructuring. The announcement signalled that the last technical steps in the debt-for-equity swop had been completed, analysts said. Edcon chief executive Bernie Brookes.…
WOBURN, Mass., Oct. 17, 2016 (GLOBE NEWSWIRE) — Metabolix, Inc. (NASDAQ:MBLX) today announced the management team that will lead Yield10 Bioscience. The company also provided an update on its strategic restructuring and cash position. Yield10 Bioscience is focused on the unmet need for enhanced global food security and is developing proprietary technologies to enable step-change…
DCM was locked in 20% upper circuit at Rs 117, also its 52-week high on BSE, after the board approved the restructuring of its business including demerger of real estate business. The trading volumes on the counter jumped five-fold with a combined 915,215 shares changed hands. There were pending buy orders for 175,197 shares…
B2C has witnessed a steady decline in hiring due to internal restructuring and consolidation the companies are going through. Mumbai, Oct 16: With adoption of newer technologies, hiring in business-to-business (B2B) segment has picked up, but it has fallen considerably in business-to-consumer (B2C) space, including e-commerce, experts say. For the last six months, there has…
The decision by a fish distributor listed in Singapore to abandon local court proceedings and seek United States bankruptcy protection shows the hurdles the Asian nation faces in its bid to become a global debt restructuring hub. Pacific Andes Resources Development, which defaulted on a $200 million note in January, filed last month in the…
AppNexus, one of the companies hotly tipped to be the next ad tech IPO, is restructuring and laying off more than 13% of its staff as it prepares to go public. The New York-based company will shed 150 roles, bringing its headcount down from 1,125 to around 975, a company spokesman confirmed. The thinking behind…
TOKYO, Oct 13, 2016 – (JCN Newswire) – Mitsubishi Corporation (MC) has reached an agreement with partners Mitsubishi Motors Corporation (MMC), Mitsubishi Fuso Truck & Bus Corporation (MFTBC), and Indonesia’s PT Krama Yudha (KY) regarding the restructuring of their automotive business in Indonesia. MMC and MFTBC products are currently manufactured and distributed in Indonesia…
BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL) announces that more than two-thirds of the creditors have approved today its financial restructuring plan. The plan will now be submitted on 19 October 2016 at the Combined General Shareholders Meeting, who will have to take a decision with a majority of two-thirds. The vote of shareholders will be…