Sony logs biggest profit in 8 years on restructuring, games – The Star Online

TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames. Operating profit more than quadrupled to 294.2 billion yen (US$2.70 billion) for the year ended March, roughly in line with the firm’s…

MusclePharm selling off subsidiary amid restructuring – Denver Business Journal

MusclePharm headquarters at 4721 Ironton St. in Denver Google Maps image MusclePharm Corp. said Wednesday it has a deal to sell a subsidiary, BioZone Laboratories Inc., for $9.8 million. The pending sale to Valencia, California-based Flavor Producers Inc. “is the latest step in MusclePharm’s restructuring plan,… Read the full article at: http://www.bizjournals.com/denver/news/2016/04/27/musclepharm-selling-off-subsidiary-for-9-8m-amid.html

S. Korean trade minister emphasizes market-led corporate restructuring – Yonhap News

SEJONG, April 26 (Yonhap) — South Korean trade minister said Tuesday that the government will support market and creditor-led corporate restructuring efforts amid rising public calls for stricter action to sort out marginal companies. “We encourage creditors to take the lead in carrying out restructuring processes based on the market system,” Trade Minister Joo Hyung-hwan…

Urbancorp housing developer wants to restructure under bankruptcy laws – CBC.ca

One of Toronto’s biggest property developers wants to restructure itself by selling assets to pay down debt and finish the more than 1,000 housing units it is currently trying to build across the Greater Toronto Area. Urbancorp Toronto Management Inc. said on Friday it is seeking to restructure its operations under Canada’s Bankruptcy and Insolvency…