by Mark Vandevelde Steinhoff International, the South African retailer, has warned that accounting irregularities began at least a year earlier than previously acknowledged. The company may be forced to restate its results for years before 2015. The global retail group, which owns Britain’s Poundland, America’s Mattress Firm and Australia’s Freedom and Snooze furniture chains, has been…
Will the 2017 Dogs of the Dow Rebound in 2018? PART 3 OF 7 By Peter Barnes | Jan 2, 2018 10:45 am EST What ails GE? General Electric (GE) is a highly diversified, global industrial (XLI) conglomerate. The stock fell more than 40% in 2017, making GEs story far from rewarding in the past…
TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) — We want to start our New Year Goals explaining our shareholders and followers what are our goals for 2018 1- We will focus on doing our audit for 2016 and 2017 to become a fully reporting company on the OTC 2- We will file a form…
SAN FRANCISCO–(BUSINESS WIRE)–Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced it has successfully completed a restructuring of Vector Capital II, L.P., a 1999 vintage fund, Vector Capital III, L.P., a 2005 vintage fund, and affiliated vehicles held by existing LPs (collectively, the Funds), for approximately $450…
TURBO, ANTIOQUIA, Colombia, Jan. 02, 2018 (GLOBE NEWSWIRE) — We want to start our New Year Goals explaining our shareholders and followers what are our goals for 2018 1- We will focus on doing our audit for 2016 and 2017 to become a fully reporting company on the OTC 2- We will file…
Even as banks seek suitors for Essar Steel, which has been referred to the bankruptcy court, brothers Shashi and Ravi Ruia could well find inspiration from similar circumstances almost 20 years ago. Then too, they were facing the ignominy of a possible loss of their steel business. In 1999, Essar Steel had earned the dubious…
We think some of the margin difference between ADP and peers is structural, and we dont see easy fixes for some of the issues Pershing Square identified. We see the moat trend at ADP as clearly negative and view the stock as significantly overvalued. We see some short-run improvements on the horizon as ADP improves…
CONVINCING a foreign investor to take up a strategic stake in Proton Holdings Bhd was a major challenge in itself. It also would not have been possible without a major restructuring that satisfied the interests of all major stakeholders. Thus, taking into account the political nature of the transaction, the restructuring of Proton that paved…
Clearly we need to enter 2018 with a fresh set of expressions for the workplace. Now, I could suggest some spanking new ones, but lexical novelty comes with risks besides, we’re all a bit weary of innovation in the workplace. So in the spirit of recycling, I suggest we recruit golden oldies to inject…
Harry Wilson, a corporate restructuring expert who was viewed as a top prospect to challenge Democratic Gov. Andrew Cuomo in 2018, will not run for governor. The New York Daily News cited a source close to Wilson who said family considerations were the primary factor in his decision not to seek the Republican gubernatorial nomination. …