Jaiprakash Associates Ltd (JAL) today said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company. The company had called a board meeting to consider the…
Letter From A Concerned Reader | Columns October 07, 2017 16:00 IST Updated: October 07, 2017 17:18 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case…
Vic Kolenc, El Paso Times Published 10:23 a.m. MT Oct. 6, 2017 | Updated 1:22 p.m. MT Oct. 6, 2017 2Q sales up 2.8%, profit down 69% Helen of Troy CEO Julien Mininberg said the company will restructure two divisions.(Photo: COURTESY) Officials of El Paso’s Helen of Troy consumer goods company plan to restructure two of its…
LAS VEGAS, Oct. 6, 2017 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars Entertainment”) today announced its new Board of Directors (the “Board”) following the completion of its previously announced merger with Caesars Acquisition Company (“CAC”) and the conclusion of the restructuring of Caesars Entertainment Operating Company, Inc. (“CEOC”) and its debtor subsidiaries. The members…
Talking to ET Now, Ajoy Misra , MD & CEO, Tata Global Beverages , says while the market dynamics has changed in UK market with shift to non-black tea segment, it continues to be profitable. Edited excerpts: Many are saying right now that slowly there seems to be a turnaround in sight for Europe and…
For a man that has branded himself as the king of debt, President Donald Trump seems to have a very thin grasp on how the bond market works. Trump, whose businesses have gone bankrupt no fewer than six times, said Puerto Ricos debt would have to be wiped out by its Wall Street creditors. That…
(RTTNews) – NeoPhotonics Corp. (NPTN), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third quarter. In pre-market activity, NeoPhotonics shares…
LAS VEGAS, NV–(Marketwired – Oct 5, 2017) – Momentous Entertainment Group, Inc. (“Momentous”) (OTC PINK: MMEG), an online social media network company vertically organized into four business areas: social networking, social gaming, ecommerce consumer products and services, and OTT streaming media content creation and distribution, announced today that Poolworks, Germany (a wholly owned subsidiary of…
Citrix Systems, Inc.CTXS has announced a restructuring program in a bid to expedite the transformation to a cloud-based subscription business, increase strategic focus as well as improve operational efficiency. The program will witness removal of some full-time positions and consolidation of facilities.. However, layoffs outside the United States will be subject to local law and…
Shutterstock photo (RTTNews.com) – NeoPhotonics Corp. ( NPTN ), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third…