Yandex N.V.YNDX, often described as Russias Google, sought Vladimir Putins permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian presidents approval, in…
BANGKOK, Nov 25 (Reuters) – Thai Airways International PCL (THAI.BK) said on Friday that Chai Eamsiri would become the company’s chief executive officer from Feb. 1, as it proceeds with a pandemic-driven restructuring plan. Chai, currently the firm’s chief financial officer, was chosen for the top job from 53 internal and external candidates, the company…
ECHO BAY, Ontario–(BUSINESS WIRE)–Springer Aerospace, a full-service aircraft maintenance, repair and overhaul business in Echo Bay, Ontario, announced it has commenced restructuring proceedings under the Companies Creditors Arrangement Act to restructure its operations and financial affairs. The facilities are located at the companys privately owned airport at Bar River, just 15 km east of Sault…
Quarterly increases in advisory revenue for Houlihan Lokey Inc., PJT Partners Inc. and Lazard Ltd. powered an aggregate gain in the metric among advisory-focused investment banks in the third quarter. The three investment banks, along with Evercore Inc., Moelis & Co. and Perella Weinberg Partners, had their combined third-quarter advisory revenue rise 2.7% quarter over…
Yandex, the company often described as Russias Google, is seeking Vladimir Putins blessing to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Three people familiar with these moves said that the internet giant has informally…
Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for…
The intention of the sanctions is to generate tangible consequences for Russiaand affect its ability to function in international markets. Western nations including the UK have imposed sanctions against a broad range of Russian targets including wealthy individuals, banks, businesses, and state-owned operations. Over 1,000 Russian individuals and businesses have been sanctioned by the US,…
Since November 2, 2022, Brighter AB (Publ.) (“the Company”) has been in corporate restructuring with the aim of giving the Company time to negotiate a long-term financial solution and implement operational and organizational changes for profitable growth. The district court has today decided that the reconstruction must cease immediately and the board of Brighter AB…
Former investment banker Carol Roth discusses CEO Bob Igers return to Disney and if there will continue to be an emphasis on activism in the company under his leadership on Fox Business Tonight. Newly returned Disney CEO Bob Iger notified employees on Monday of his plans to “restructure things” in a memo obtained by FOX…
The HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo SHANGHAI, Sept 27 (Reuters) – Eleven entities belonging to embattled conglomerate HNA Group, including its flagship carrier, Hainan Airlines (600221.SS), will hold a creditor meeting on Monday, according to a document detailing its debt…