Fenner Plc will cut a fifth of the workforce at its conveyor belt business in the Americas as it attempts to weather a prolonged slump in demand for U.S. coal. For a second time, the British engineering company also warned of lower full-year pretax profit and revenue due to “recent further deterioration” in the U.S.…
WASHINGTON–(BUSINESS WIRE)–EIG Pacific Holdings Ltd. (the Offeror), a Cayman Islands limited company and subsidiary of Harbour Energy Ltd. (Harbour Energy), announced today that it has commenced tender offers and proposed to sponsor a restructuring of Pacific Exploration and Production Corp (TSX: PRE) (Pacific E&P). Harbour Energy, managed by EIG Global Energy Partners (EIG), believes that…
Companies need to look at providing resilience in what has been described as an oncoming “gloomy” 2016. Photo: Tomohiro Ohsumi A continuing weak outlook has inspired Credit Suisse to speculate on 16 possible company restructures that could provide resilience in what has been described as an oncoming “gloomy” 2016. “Aussie companies don’t control what’s happening in…
Of those men who have overturned the liberty of republics, the greatest number have begun their career by playing an obsequious court to the people, commencing demagogues and ending tyrants. Continue Reading Below Alexander Hamilton, Federal No. 1 … Read the full article at: http://www.foxbusiness.com/politics/2016/01/13/bankruptcy-and-restructuring-republican-party.html
Jan 13 Fenner Plc announced a restructuring of its conveyor belt business in North America and said it would cut about 20 percent jobs in the unit, as it tries to live out a slump in demand from the U.S. coal industry. The company, which has been suffering due to a global commodity slump, said…
New Delhi, Jan 13: Aimed at improving efficiency, public sector Canara Banks board has approved organisational restructuring by moving to 4-tier system that will allow the lender to set up regional offices for a better connect with branches across the country. The board of the bank in its meeting held on January 12, 2016 permitted…
Fenner Plc announced a restructuring of its conveyor belt business in North America and said it would cut about 20 per cent jobs in the unit, as it tries to live out a slump in demand from the US coal industry. The company, which has been suffering due to a global commodity slump, said annual…
Kaisa Group Holdings Ltd. pressed ahead with a plan to restructure its offshore bonds by offering incentives to creditors almost two months after rejecting a rival proposal from a U.S. hedge fund. The developer will pay bondholders and lenders a consent fee equivalent to 1 percent of holdings if they support the plan by Jan. 24,…
Former Goldman Sachs executive Bruce Mendelsohn has joined Perella Weinberg Partners as a partner in its advisory business, the firm has announced. Mendelsohn will be based in New York and will lead the companys restructuring practice. He will work closely with partner Kevin Cofsky and the other members of the restructuring team, according to a…