Walt Disney and Co. (DIS) lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts’ expectations. Key Takeaways Disney reported earnings per share (EPS) of $1.03 per share, topping expectations of 95 cents a share. Revenue was 4%…
Breadcrumb Trail Links PMN Business The founder of Noble Group, the commodity trader that collapsed into insolvency in 2018, is suing the company over a debt restructuring that he says was unfair to minority shareholders including himself. Author of the article: Bloomberg News Stephen Engle, Jack Farchy and Siuming Ho Published Aug 09, 2023 …
Voluntary Chapter 11 Commenced to Finalize Consensual Go-Forward Plan for Amyris’ Core Business $190 Million Financing Commitment from Foris Ventures to Support Day-to-Day Operations EMERYVILLE, Calif., Aug. 9, 2023 /PRNewswire/ — Amyris, Inc. (Nasdaq: AMRS) (“Amyris” or the “Company”), a leading synthetic biotechnology company accelerating the world’s transition to sustainable consumption through its Lab-to-Market technology…
Michael A. Criscito Joins FTI Consulting to Co-Lead Real Estate Restructuring Advisory Services FTI Consulting Senior Managing Director Cynthia A. Nelson Also Named Co-Leader of Real Estate Restructuring Advisory Services Washington, D.C., Aug. 9, 2023 FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Michael A. Criscito as a Senior Managing Director and Co-Leader of…
World Rugby has announced the appointment of City Football Group Finance Director Neil Hitchen to lead the finance function, replacing former Chief Financial Officer Robert Brophy who stepped down in June. Hitchen will join the business in September, an exciting time for the sport with Rugby World Cup 2023 getting underway in France. The…
NEW YORK, Aug 8 (Reuters) – David Kurtz, Lazard Ltd’s (LAZ.N) global head of restructuring, has agreed to join Hilco Global, the financial advisory firm that helps failing retailers liquidate told Reuters. Kurtz, who has advised on some of the highest-profile corporate bankruptcies of the past two decades, will join Hilco as a vice chairman…
The recent Upper Tribunal (UT) decision in the case of The Commissioners For His Majestys Revenue And Customs v Hotel La Tour Ltd [2023] UKUT 00178 (TCC) upheld the First-tier Tribunal (FTT) decision in 2021. Both Tribunals decisions were in favour of the taxpayer on the core issue of whether the sale of shares by…
Company Substantially Strengthens Capital Structure, Poised to Seize Opportunities with Financial Flexibility New Directors Bring Experience and Expertise in Advertising, Finance, Digital, Media, and Technology Leading Cinema Advertising Platform Positioned for Growth and Success CENTENNIAL, Colo., August 07, 2023–(BUSINESS WIRE)–National CineMedia, LLC (NCM, NCM LLC or the Company), the largest cinema advertising platform in the…
Global law firm Hogan Lovells has advised an ad hoc group of 2026 noteholders of Naftogaz, the largest state-owned national oil and gas company of Ukraine, on the amendment and extension of its US$500 million 7.625% 2026 Eurobonds. Naftogaz has been heavily impacted by the ongoing conflict in Ukraine resulting in the default of its…
Business News Industry People Live Business By Chris Cooke | Published on Monday 7 August 2023 A spokesperson for ticketing firm Dice last week confirmed that a recent restructuring of the business led to a number of redundancies. It followed a report by Resident Advisor, which cited sources close to the company as saying that…