Two years after the breaking up of Hewlett-Packard Co, Hewlett Packard Enterprise is selling its headquarters in Palo Alto, California. After years of layoffs and restructuring, the company will consolidate some of its Silicon Valley offices. HPE will move its headquarters to the HPE Aruba office in Santa Clara. The office was recently built to…
GEORGE TOWN, Cayman Islands, Nov. 2, 2017 /PRNewswire/ — Global A&T Electronics Ltd. (the “Company“) announced today that on November 2, 2017, it entered into a Global Settlement, Forbearance, and Restructuring Support Agreement (the “RSA“) with its key stakeholders regarding the material economic terms of a consensual restructuring that will strengthen the Company’s capital structure while…
PPL Electric Utilities plans a corporate restructuring, but its not what you might think, the company says. In a filing with state regulators, Allentown-based PPL Electric wants to create two new holding companies to make it easier move cash among its subsidiaries. The move, which is subject to regulatory approvals, will not affect utility operations,…
Chinas largest dairy farm operator Huishan Dairy said on Wednesday that a debt restructuring plan has won the support of more than half of its mainland creditors, representing more than two-thirds of the outstanding amount owed by the company. In a statement to the Hong Kong stock exchange late Wednesday, Huishan Dariy said its chairman…
End market strength and strategic actions underpin expectations for improved financial outlookfor 2018 ST. LOUIS, Nov. 01, 2017 (GLOBE NEWSWIRE) — A PDF accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/223c4b23-eb60-41ef-97d2-c37dedb593bb Q317 loss per diluted share was $2.23 compared to income of $0.34 per diluted share in Q316. Adjusted (non-GAAP)1 Q317 earnings per diluted share were $0.32…
The ratings on Reliance Communications and its subsidiary Global Cloud Xchange will be “unaffected” by the debt restructuring plan outlined by the company, according to Fitch Ratings. Re-rating will happen after clarity on the execution of sale of its assets and the capital structure of the revamped entity, it added. Earlier this week, billionaire Anil…
Perths tough hospitality sector has claimed another high-profile victim, with administrators being put into celebrated restaurateur Scott Taylors Trustee bar and restaurant in Brookfield Place on St Georges Terrace in the CBD. Administrators from Cor Cordis were appointed on Monday to the company behind the Trustee and the Beaufort Local in Mt Lawley. Both venues…
Tokyo (AFP) – Japanese electronics giant Sony is marking the year of the dog by bringing back to life its robot canine — packed with artificial intelligence and internet capability. Sony revives robot pet dog Sony’s new “aibo” dog is an ivory-white puppy-sized, 30 centimetre (one foot) hound with flapping black ears and a wagging…
Fords business has arguably never been better. But Morgan Stanley analysts Adam Jonas thinks a massive restructuring is needed. Fords challenge is to tell a story that investors will buy into, as they have with Tesla and Uber. Ford has beaten analysts earnings expectations every quarter of 2017 and is currently paying a whopping 5%…
NAB has flagged the loss of 6,000 jobs as the impact of new technology and digital transactions cuts a swathe through traditional banking jobs. Key points: 6000 traditional bank jobs to go and 2000 new digital positions created as NAB aims to move 60 per cent of its business online over three years Redundancies…