LONDON (AP) Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said…
TOKYO — Hitachi upgraded its operating profit forecast for the current fiscal year Thursday to a record 660 billion yen ($5.79 billion) in light of strong earnings from mainstay operations such as chipmaking equipment, construction machinery and information and telecommunications systems. The new figure represents a 12% increase on the year and beats the company’s earlier projection…
Does Ford Motor Co. (F) need a restructuring? That’s the question one company follower had on his mind during Ford’s third quarter conference call Thursday morning. “Sometimes, when you have big changes of strategy, big management changes and fundamental pivots in the direction of the organization long-term, when you reassess fitness, in this industry, at…
MEXICO CITY, Oct. 26, 2017 /PRNewswire/ — Grupo Financiero Santander México, S.A.B. de C.V. (“Santander México” or the “Group”)and Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (the “Bank”) report that the Boards of Directors of both entities, at their meetings held today, agreed on the following transactions: (i) Corporate Restructuring The…
NEENAH, Wis.–(BUSINESS WIRE)–Bemis Company, Inc. (NYSE:BMS) today reported financial results for its third quarter ended September 30, 2017. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, adjusted EBITDA, and net debt, referenced in this release. SUMMARY OF THE QUARTER Q3 Q3 YTD ($ in millions…
FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the third quarter of fiscal year 2017 ended September 30, 2017. Financial Results For the third quarter of fiscal year 2017, Citrix achieved revenue from continuing operations of $691 million, compared to $669 million in the third quarter of fiscal year 2016, representing 3…
Athenahealth, the Massachusetts-based electronic medical records company with a substantial operation in metro Atlanta, plans to cut an estimated 61 jobs in metro Atlanta as part of a broader business restructuring, according to a state agency notice. Last week, the company announced plans to cut its workforce by 9 percent as part of a cost…
The Medicines Company CEO Clive Meanwell is circling all the wagons around its late-stage PCSK9 development plans for inclisiran. Clive Meanwell, The Medicines Company The Alnylam partner said today that once the biotech completes an effort to sell off its infectious disease group, the company which had 410 staffers in February will chop its remaining…
Medicines Co. (NASDAQ:MDCO) +8% premarket after reporting a smaller than expected Q3 loss and announcing plans to restructure the company, including laying off more than 85% of its workforce. MDCO says the restructuring, which it plans to substantially implement within the next 45 days, will cut headcount to fewer than 60 people. MDCO also expects…
Oil and gas vessel operators are doing it tough.Picture: Chevron The oil price slump has claimed a victim in WA oil and gas vessel operator Go Marine Group, which has been put into administration. Go Marines board appointed administrators from KordaMentha last Friday to the company, which is owned by Singapores Otto Marine. Its understood…