HOUSTON–(BUSINESS WIRE)–Houlihan Lokey (NYSE: HLI), the global investment bank, today announced that Victor Barcot has joined the firm as a Managing Director in the Oil & Gas Exploration and Production (E&P) Group. He is based in Houston. Mr. Barcot joins from Deutsche Bank, where he was a Managing Director in the Global Oil & Gas…
A deal has been agreed to stave off the collapse of Four Seasons Health Care, which looks after 17,000 elderly and vulnerable people, after the companys largest creditor agreed to drop several conditions. Four Seasons had warned it might not honour a £26m debt payment due by Friday, raising fears the firm could become the…
David Crow December 14, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/8f91f2e6-60e4-3b4c-9b6b-31f4093b81bf
JERUSALEM–(BUSINESS WIRE)–Teva Pharmaceutical Industries Ltd. (NYSE & TASE: TEVA) announced today a comprehensive restructuring plan to significantly reduce its cost base, unify and simplify its organization and improve business performance, profitability, cash flow generation and productivity. Kåre Schultz, Tevas President and CEO, said, “Two weeks ago we announced a new organizational structure and executive management…
HOUSTON–(BUSINESS WIRE)–Cobalt International Energy, Inc. (Cobalt) (NYSE:CIE) today announced that it and certain of its U.S. affiliates filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas (the Chapter 11 Cases). Cobalt expects to conduct business in the ordinary…
Teva Pharmaceutical Industries Ltd. will relocate or shut down most of its manufacturing operations in Israel, according to a document reviewed by Calcalist and people familiar with the matter who spoke on condition of anonymity. The company’s plans in Israel are part of the wider global restructuring strategy announced by the company late November. The…
WILMINGTON, Del. (Reuters) – A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology companys bankruptcy just days after its parent company Toshiba Corp (6502.T) proposed a restructuring plan. FILE PHOTO – The logo of the American company Westinghouse is pictured…
JERUSALEM–(BUSINESS WIRE)–Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today that it will issue a press release on its restructuring plan and additional measures to improve its business and financial performance on Thursday, December 14, 2017 at 7:00 a.m. ET. Following the release, Teva will conduct a conference call and live webcast on the same day,…
TEL AVIV (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday. FILE PHOTO: The logo of Teva Pharmaceutical Industries, the world’s biggest generic drugmaker and Israel’s largest company, is seen in Jerusalem February 8, 2017. REUTERS/Ronen Zvulun/File Photo The…
TEL AVIV (Reuters) – Israel-based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include layoffs, the Calcalist financial news website said on Wednesday. The plan includes closing its research and development center in the coastal city of Netanya, selling its logistics center in Shoham and laying off a third of its…