SINGAPORE – Catalist-listed Chaswood Resources Holdings said on Monday (Nov 20) its wholly-owned Malaysian subsidiary has started restructuring proceedings on RM22 million (S$7.18 million) of credit facilities. Under the proposed debt restructuring, the unit, Chaswood Resources Sdn Bhd (CSRB), is holding discussions with its principal lenders – CIMB Bank Berhad, Malayan Banking Berhad and AmBank (M) Berhad…
General Electric Co.s new leader outlined a restructuring plan that will slash the annual dividend by $4 billion and streamline the industrial giants operations, but warned investors it will take years to fix some of the companys businesses and for profits to begin to improve. GE Chief Executive John Flannery lowered earnings targets for 2018…
November 19, 2017 David Keohane in Paris Listen to this article Play audio for this article Pause 00:00 00:00 This is an 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 use it Please tell us why (optional)… Read…
A former high-flying journalist who helped set up fast-growing public relations and investor relations agency Media & Capital Partners is suing the company, claiming it wrongfully dismissed him after he was diagnosed with depression, and is trying to avoid paying him his equity entitlements. In a claim lodged with the Federal Circuit Court of Australia…
On Nov 16, we issued an updated research report on Bemis Company, Inc.BMS , maker of flexible packaging products and pressure sensitive materials. The company is likely to benefit from successful implementation of restructuring and cost-savings plan, modifications of business model and focus on innovation. However, its quarterly performance will be affected by hurricane-related impact…
Inside JNJ’s Medical Device Business: Developments, Future Growth PART 1 OF 8 By Sarah Collins | Nov 17, 2017 1:08 pm EST Medical Devices 3Q17 performance In 3Q17, Johnson & Johnson (JNJ) reported ~$19.7 billion in sales. The companys Medical Devices business generated ~33.5% of the total sales, amounting to ~$6.6 billion. The segments sales rose…
Fri, Nov 17, 2017 – 9:11 PM GUOCOLAND Limited announced on Friday that it has undertaken an internal restructuring exercise where certain hotels in the GuocoLand Group, held and owned by different subsidiaries within the GuocoLand Group in Singapore and Malaysia, will be consolidated under a distinct strategic business unit GuocoLand Hotels (GLL Hotels). The…
Image copyright HS2 Image caption Carillion is a member of consortium that is building parts of the HS2 rail link Shares in Carillion, the UK’s second-biggest construction firm, fell 34% after it issued its third profit warning since July, adding it expected to breach financial covenants. The firm blamed slower asset sales and delays to…
LUXEMBOURG–(BUSINESS WIRE)–Pacific Drilling S.A. (OTCPink: PACDQ) (Pacific Drilling or the Company) today announced that the United States Bankruptcy Court for the Southern District of New York has granted the relief requested by the Company in certain first day motions related to ordinary course business activities, subject to certain modifications at the request of the Court,…
BERLINGermanys Siemens AG on Thursday said it would cut 6,900 jobs world-wide as it wrestles with a sharp slowdown in the power-plant industry, the latest restructuring move by a global industrial giant. The move, which involves the company consolidating three of its core businesses, affects its power-and-gas division, power-generation services division and process industries and…