Mark Durcan, Micron Technology CEO Corporate Communication and Marketing After posting losses in … Read the full article at: http://www.bizjournals.com/sacramento/news/2016/07/07/micron-to-cut-7-5-percent-of-workforce-in.html
Comments Print /License AA Postmedia Network Canada Corp. is proposing a restructuring plan to reduce its debt by $307-million and annual interest payments by about $50-million as the struggling newspaper company looks to return to firmer financial ground. The proposed recapitalization transaction announced Thursday would wipe out about $268-million (U.S.) in debt in exchange for…
New York City-based MetLife is a global provider of life insurance, annuities, employee more Craig Warga/Bloomberg … Read the full article at: http://www.bizjournals.com/tampabay/news/2016/07/06/metlife-restructuring-costs-74-tampa-jobs.html
NEW DELHI: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet expectations and has given voluntary retirement scheme (VRS) to 250 workers as part of the process. “It is one vertical which has not met expectations last year. We are currently in the process of deciding the…
NEW DELHI: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given voluntary retirement scheme to 250 workers as part of the process. “It is one vertical which has not met expectations last year. We are currently in the process of deciding the…
China’s expanded business activity in the service sector in June shows the effect of restructuring as the economy moves away from reliance on manufacturing. The Purchasing Managers’ Index for the service sector rose to an 11-month high of 52.7 in June, up from 51.2 in May, according to a survey conducted by Caixin Media Co…
The OECD on July 4 published proposed amendments to Chapter IX of the transfer pricing guidelines dealing with business restructuring to conform the guidance to recent changes made to other chapters on account of the final OECD/G20 base erosion profit shifting (BEPS) reports. Significant changes were made to Chapter 1 of the guidelines concerning delineating…
Virgin Australia has flagged a $450 million impairment to its full-year earnings as it cuts costs as part of a wider restructure of the airline as it prepares to raise $852 million from shareholders to pay down debt. The airline also flagged changes to the types of aircraft it uses as part of a fleet…
Deloitte & Touche LLP named Kirk Blair its corporate restructuring group leader and Michael Epstein global managing director for restructuring services. Blair, a Deloitte Advisory partner with Deloitte Financial Advisory Services LLP, would succeed William Snyder. Epstein, a Deloitte Advisory principal with Deloitte Transactions and Business Analytics LLP, would succeed Andrew Grimstone. (Reporting by Arunima…
Credit Suisse Group AG (NYSE:CS) is going to make changes to its Asia-Pacific region as the lender struggles with deteriorating investor confidence. The Swiss bank has decided to merge its equities and fixed-income, currency and commodities business in Asia-Pacific. According to Reuters, the current head of Asia-pacific equities business, Ali Naqvi will be in charge…