Sony Fails to Impress With Restructuring Actions, Slips 3.6% – Zacks.com

Electronic equipment manufacturing behemoth Sony Corporation (SNE – Analyst Report) announced a string of small-scale internal restructuring actions, in a bid to achieve a leaner operating structure for accelerating future growth. Despite the companys earnest efforts, investors were unmoved as the share price fell 3.6% to close at $21.51 during the regular trading session on…

StanChart reports first annual loss since 1989 after hefty restructuring charge – South China Morning Post (subscription)

Standard Chartered Bank reported its first annual loss in 26 years on Tuesday, weighed down by heavy restructuring costs and a global slowdown, and warned of a subdued year ahead and the necessity of more painful action to restore growth. The bank lost US$1.5 billion in 2015 after costs of US$1.8 billion to cover restructuring…

Ecolab Reports Fourth Quarter Diluted EPS $0.69; Adjusted Diluted EPS +2% to $1.22 Including $0.13 (11%) Currency … – Business Wire (press release)

ST. PAUL, Minn.–(BUSINESS WIRE)–Ecolab Inc. (NYSE:ECL): FOURTH QUARTER HIGHLIGHTS: Diluted EPS $0.69; includes a deconsolidation charge for the Venezuelan business, restructuring and other charges Adjusted EPS $1.22, +2%, excluding special gains and charges and discrete tax items, as raw material and other cost savings, synergies, and a lower tax rate and shares more than offset…

Lexmark narrows loss, unveils restructuring – MarketWatch

Lexmark International Inc. narrowed its loss in the final quarter of the year and earnings beat expectations, though revenue fell worse-than-expected as enterprise software growth and margin expansion were offset by the stronger dollar and the company’s exit from its inkjet printing business. Lexmark also announced a restructuring program targeting increased profitability and operations in…

Political power and corporate restructuring are closely intertwined in today’s China – South China Morning Post (subscription)

Restructuring is another name of power consolidation. For Chairman Xi Jinping, the Year of the Ram is one of good harvest. The telecommunication industry is most telling. This is a sector which has long rumoured to be the turf of his rivals. In June 2014, under order of the central government, the countrys three telcom…

bebe stores, inc. Announces Organizational Restructuring – Business Wire (press release)

BRISBANE, Calif.–(BUSINESS WIRE)–bebe stores, inc. (NASDAQ:BEBE) today announced that Manny Mashouf has rejoined bebes management team as Chief Executive Officer and that Walter Parks has rejoined as President, Chief Operating Officer and Interim-Chief Financial Officer. Former Chief Executive Officer and Board Member Jim Wiggett and former Chief Financial Officer Liyuan Woo are no longer with…

SunEdison closing one plant, selling another in restructuring – St. Louis Business Journal

The closure will result in $363 million in one-time impairment and restructuring charges that will be reflected in SunEdison’s fourth-quarter results, and about $10 million to $13 million in restructuring charges expected to be reported in fiscal 2016. SunEdison said it also will halt high-volume production of silicon crystal ingot at its Portland, Oregon, facility.…

Morrison & Foerster Adds Another New Partner To Its Business Restructuring & Insolvency Group – Virtual-Strategy Magazine

Jonathan Levines experience representing bondholders and indenture trustees further enhances the groups practice New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine…