SANTA CLARA, CA–(Marketwired – November 28, 2017) – Avaya announced today that the United States Bankruptcy Court for the Southern District of New York (the “Court”) has confirmed its second amended chapter 11 plan of reorganization (the “Plan”). As a result, Avaya expects to emerge from its restructuring process before the end of this year.…
FCA publishes final summary of report into RBS restructuring unit BelfastTelegraph.co.uk Britains financial watchdog has released its final summary of a report investigating how the Royal Bank of Scotlands controversial restructuring unit treated small business customers. https://www.belfasttelegraph.co.uk/business/uk-world/fca-publishes-final-summary-of-report-into-rbs-restructuring-unit-36360408.html https://www.belfasttelegraph.co.uk/business/uk-world/article36360407.ece/4cab7/AUTOCROP/h342/bpanews_d0f4d1e0-ea19-4ffe-9fdb-3deb6a71811c_1 Email Britains financial watchdog has released its final summary of a report investigating how the Royal Bank…
FCA summary of report into RBS restructuring unit fair and balanced BelfastTelegraph.co.uk The Financial Conduct Authority (FCA) published a fair and balanced summary of a report investigating how the Royal Bank of Scotlands controversial restructuring unit treated small business customers, according to specialist advisers. https://www.belfasttelegraph.co.uk/business/uk-world/fca-summary-of-report-into-rbs-restructuring-unit-fair-and-balanced-36360077.html https://www.belfasttelegraph.co.uk/business/uk-world/article36360076.ece/67cf6/AUTOCROP/h342/bpanews_07676fb2-cce5-4076-94ad-3cd966c4c0e6_1 Email The Financial Conduct Authority (FCA) published a fair…
Teva Pharmaceutical Industries Ltd.’s new chief executive officer ousted the company’s three top division heads on Monday as he works to turn around and streamline the operations of the debt-laden drug maker. CEO Kare Schultz, who joined Teva on Nov. 1, said he will combine the Israeli company’s generic and specialty drugs business, as well…
Drugs manufacturer Mayne Pharma is still feeling the impact of tough competition and lower prices in the generic drugs market in the US, but expects that the release of new drugs and restructuring initiatives will boost the company’s financial performance. Chief executive Scott Richards says the company’s first half is expected to be “soft” but…
Following news of impending layoffs and disastrous financial performance, the new CEO of generics giant Teva Pharmaceuticals is booting old executives and bringing up a new team to lead the troubled companys restructuring efforts. Kåre Schultz Kåre Schultz, who took the reins at Teva earlier this month, has made staffing cuts his first big move.…
WASHINGTON, Nov. 27, 2017 /PRNewswire/ — Global law firm Ropes & Gray announced today that Ama Adams has joined its business & securities litigation practice as a partner in the firm’s Washington, D.C. office. Ms. Adams brings to Ropes & Gray a strong practice with a focus on international transactions and the U.S. government’s regulation of…
November 27, 2017 Aliya Ram and Katie Martin Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill u… Read the full article at: https://www.ft.com/content/3a89fab0-d365-11e7-a303-9060cb1e5f44
Letter to the Editor by Cr Glen Hartwig IT IS an interesting read, Cr Curran’s letter (published online today and in The Gympie Times November 28.). Once again selected information that is not completely representative of the real situation. The facts are that the Water and Sewage Department had a number of redundancies and one…
Unified communications vendor Avaya will this week enter a pivotal hearing to determine whether or not it can exit Chapter 11 bankruptcy protection. A hearing will commence in the US Bankruptcy Court on 28 November, after which Avaya hopes to emerge from Chapter 11 as a public company with a refreshed board of directors. The question…