A man makes his way down an escalator during the Cineplex Entertainment company’s annual general meeting in Toronto on May 17, 2017. Nathan Denette/The Canadian Press Cineplex Inc. is laying off a number of full-time workers. The Toronto-based companys spokesperson Sarah Van Lange is refusing to say exactly how many jobs are being cut, but…
General Electrics dividend is at risk unless two things happen, according to a note by Cowen analyst Gautam Khanna. GE has had a rough go of things lately, including a restructuring, dividend slash, and SEC investigation. Shares have fallen more than 50% in the past year. Watch GE stock trade in real time here. General…
TORONTO–(BUSINESS WIRE)–Postmedia Network Canada Corp. (Postmedia or the Company) today released financial information for the three and six months ended February 28, 2018. Second Quarter Operating Results Revenue for the quarter was $157.6 million as compared to $176.7 million in the same period in the prior year, a decrease of $19.1 million or 10.8%. The…
Naomi Rovnick April 11, 2018 Print this page Annual profits have surged at Tesco as chief executive Dave Lewis completed an overhaul of the business to defy the gloom affecting the British high street and served up the groups first annual dividend since 2014. Pre-tax profits at the supermarket chain climbed to £1.3bn in the…
PARIS (Reuters) French insurer AXA <AXAF.PA> is restructuring its Swiss business in a move that would hit its results in the short term, but is expected to give it more financial flexibility ahead of the $15 billion (10.59 billion pounds) acquisition of XL Group <XL.N>. AXA, Europes second-biggest insurer by market value behind Allianz <ALVG.DE>,…
Naomi Rovnick April 10, 2018 Print this page French insurer Axa is restructuring its Swiss business in the face of low interest rates and tougher regulation in the country. The Swiss unit, Axa said, will be revamped so it can hold less capital and adopt a riskier investment strategy that would enable it to offer…
PARIS (Reuters) – French insurer AXA (AXAF.PA) is restructuring its Swiss business in a move that would hit its results in the short term, but is expected to give it more financial flexibility ahead of the $15 billion acquisition of XL Group (XL.N). A logo of insurer Axa is seen at the entrance of the…
The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of a restructuring project in the past five years. Photo baogiaothong.vn HÀ NI The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of…
MILWAUKEE, April 9, 2018 /PRNewswire/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) (“the Company”) today announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (the “investor group”), pursuant to which the investor group…
A team from Clifford Chance has advised global asset manager The Carlyle Group on its acquisition of Australias largest wine company. The transaction, valued at AU$1 billion for 100% of The Accolades Wine Group from CHAMP Private Equity and minority shareholder Constellation Brands, was led by Clifford Chance partner Andrew Cook in Sydney. “This deal…