Hong Kongs biggest television station fired another 150 people on Friday arising from losses in its international business and operational restructuring. Television Broadcasts (TVB) ushered in a wave of lay-offs in June when about 100 staff were told they would be made redundant. A TVB spokesman said in a statement on Friday that the 150…
The world headquarters for the Ford Motor Company in Dearborn.(Photo: Jeff Haynes / AFP/Getty Images) Ford Motor Co. has begun what company officialsexpect to be a months-long process to form a plan focused on trimming its global salaried workforce. Officials expect to cut the number of salaried employees globally, which could include some in its…
Amidst the software industrys crazy unicorn valuations and hot buzzword-compliant startups, one software business model remains tried and true: buy the rights to a mature enterprise software product (or the whole company) and then milk its customers for ever-dwindling maintenance dollars. To keep the company going, continue to buy more such products and companies, thus…
Company Increases Full-Year 2019 Cost Savings Reiterates Profit Outlook for Full-Year 2018 DOWNERS GROVE, Ill., Oct. 01, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq: FTD) (FTD or the Company), a premier floral and gifting company, today announced an expansion of its corporate restructuring and cost savings plan initiatives. The Company has identified incremental cost…
RALEIGH, N.C., Oct. 04, 2018 (GLOBE NEWSWIRE) — LandStar, Inc. (OTCPK: LDSR) (LandStar or the Company), the parent company of Data443 Risk Mitigation, Inc. (Data443), a leading data security and privacy company, announced the completion of joint efforts with finance partner Blue Citi LLC (Blue Citi) resulting in the favorable restructuring of debt and financing…
News Danny McCance 4 Oct 2018 12:10pm KPMG UK is keen to keep its restructuring business intact and has reportedly rebuffed offers from European private equity firm Permira … Read the full article at: https://economia.icaew.com/news/october-2018/kpmg-dismisses-pe-bids-for-restructuring-arm
SINGAPORE: Shares of StarHub closed at a four-month high on Thursday (Oct 4), a day after the telco announced that it was retrenching 300 employees under a company transformation plan. The counter surged 4.3 per cent to end the day at S$1.95, its highest level since Jun4. It outperformed the broader Straits Times Index, whichlost…
Last week, Bay Harbor Islands, Fla.-based hedge fund ESL Investments unveiled a plan to rescue one of the icons of American retail: Sears Holdings Corp., which owns the Sears and Kmart brands. However, experts warn that ESL likely stands to gain more from the restructuring than Sears Holdings, and they note there is a potentially…
(Corrects Oct. 1 story to remove reference in second paragraph to Brexit uncertainty, which the company has said was a view held by its previous, not current, management team) Oct 1 (Reuters) – British outsourcing firm Mitie Group Plc said on Monday it would sell its pest control business to Rentokil Initial Plc for 40…
When Under Armour (NYSE: UA)(NYSE: UAA) told investors in late July that the cost of its ongoing business restructuring would be higher than initially expected, shares plunged more than 13% over the next few days in response. Early Thursday, however, the performance apparel and footwear specialist increased the price of that restructuring yet again —…