Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to 200 million (A$373.1…
Oracle Corp. has reportedly axed hundreds of its engineering staff worldwide amid an organizational restructuring thats meant to help the company refocus on its cloud infrastructure operations. IEE Spectrum reportedFriday that the total number of staff cut could exceed thousands worldwide, with up to 10 percent of Oracles staff affected, though lower estimates suggest a…
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation. Click to copyhttps://apnews.com/Business%2520Wire/b5a45a48d06b432a98d220bec02d67b2 SAN ANTONIO–(BUSINESS WIRE)–Mar 22, 2019–iHeartMedia, Inc. (PINK:IHRTQ) (the Company) today announced that it is evaluating potential paths to achieve its listing following emergence from its restructuring process in the…
LONDON (Reuters) – Struggling British department store group Debenhams said on Friday its shareholders could be wiped out as a result of some of the restructuring options it is considering and rebuffed a bid by Sports Direct to buy its Danish business. FILE PHOTO: A new Debenhams department store in a shopping centre in Watford,…
The restructure would result in 900 job losses and the departure of two of its most senior executives,consumer bank chief George Frazis and BT chief Brad Cooper. TS Lim, banking analyst at Bell Potter, said the decision would further “de-risked” the bank. “There will be a loss in revenue upfront with cost savings later, so…
BUFFALO A Salamanca man has pleaded guilty to federal charges stemming from his fraudulent debt restructuring business that reportedly scammed 200 people out of $1.2 million. Sergiy Bezrukov, 35, of Salamanca and formerly of Queens, pleaded guilty Monday in U.S. District Court in Buffalo to conspiracy to commit bank fraud and money laundering, the U.S.…
Westpac has announced changes to the way it addresses customers wealth and insurance needs. Westpac chief executive, Brian Hartzer, said: We are committed to supporting our customers insurance, investment and superannuation needs as part of our service strategy. The changes were announcing today are about focusing our investment where we have genuine competitive advantage and…
Histogenics(NSDQ:HSGX) said last week that its board of directors approved a restructuring plan that would result in layoffs for all but one of the companys employees. The layoffs include CEO Adam Gridley and COO Stephen Kennedy. Gridley and Kennedy plan to evaluate strategic alternatives for the company in consulting capacities alongside up to four other…
Thin Film Electronics ASA, a leader in Near Field Communications (NFC) solutions, announced a strategic update and corporate restructuring aligning the business with the current market adoption of NFC. The Company plans to focus resources on developing and building market adoption of its brand protection and consumer engagement solutions. For more information see the IDTechEx…