Business News of Friday, 4 January 2019 Source: classfmonline.com National Investment Bank The Governor of the Bank of Ghana, Dr Ernest Addison, has announced that the government of Ghana intends restructuring the National Investment Bank (NIB) and Agricultural Development Bank (adb) to ensure they focus on industrialisation and agriculture, respectively. Speaking at a press conference…
MEDINA, Ohio–(BUSINESS WIRE)–RPM International Inc. (NYSE: RPM), a world leader in specialty coatings and sealants, today reported financial results for its fiscal 2019 second quarter ended November 30, 2018. Second-Quarter Results Fiscal 2019 second-quarter net sales were a record $1.36 billion, up 3.6% over the $1.32 billion reported a year ago. The quarters results include…
Clothing retailer FULLBEAUTY Brands Inc. announced that it has entered into a comprehensive Restructuring Support Agreement with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners, holders of 100% of its first-in, last-out term loan claims, holders of over 99% of its first lien term loan claims, and holders of over 95%…
NEW YORK, Jan. 3, 2019 /PRNewswire/ — FULLBEAUTY Brands Inc.(“FULLBEAUTY” or the “Company”), today announced that it has entered into a comprehensive Restructuring Support Agreement (the”RSA”) with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners (collectively, the “Sponsors”), holders of 100% of its first-in, last-out term loan claims (collectively, the “FILO…
Cond Nast, the owner of glossy magazines including Vogue, Vanity Fair and GQ, has slumped to a 14m annual loss as it battles to reshape its business for the digital future. The high-end magazine publisher reported a pre-tax loss of 13.6m in 2017 a huge swing from the 6.6m profit recorded the previous year according…
Indian authorities are moving to roll out financial support measures for small businesses, including changes to rules on tax and debt restructuring ahead of a general election due in the next few months. Under new rules announced by the Reserve Bank of India this week, banks will be permitted to restructure distressed loans to small…
Aims for better implementation of Pradhan Mantri – Jan Arogya Yojana (PM-JAY) The Union Cabinet chaired by Prime Minister Narendra Modi has approved the restructuring of existing National Health Agency as “National Health Authority” for better implementation of Pradhan Mantri – Jan Arogya Yojana (PM-JAY). With this approval, the existing society “National Health Agency”…
Banks and non-bank lenders could restructure up to Rs 10,000 crore in loans to micro, small and medium enterprises without classifying them as bad debt, according to an estimate by rating agency ICRA. This, after the Reserve Bank of India gave in to demands for easier loan restructuring terms for small business. The one-time restructuring…
Euisun Chung speaks at the introduction of the 2017 Hyundai Genesis G90 at the North American International Auto Show in Detroit, Michigan on Jan. 11, 2016. Rebecca Cook/Reuters The heir apparent of Hyundai Motor Group said on Wednesday he will complete a restructuring in 2019 as he moves to formally take over from his father…
On Dec 31, we issued an updated research report on United Technologies Corporation (UTX – Free Report) . This Zacks Rank #3 (Hold) stock is poised to grow on the back of ongoing portfolio restructuring moves and stronger end-market sales. However, rising costs are a major concern. Lets delve into the aspects that are influencing…