NEC Australia has reported an operating loss of $19.3 million and engaged in a company restructure that saw redundancies and the elimination of two business lines, costing an additional $22 million to the IT suppliers bottom line. After non-operating adjustments, including interest costs and customer base amortisation, NEC reported a total comprehensive loss before tax…
Jul 31, 2017 (TheNewswire.ca via COMTEX) — (via TheNewswire) July 31, 2017 / TheNewswire / Calverton, NY – Graphene 3D Lab Inc. (GGG)(otcqb:GPHBF) (the “Company”) announces that Mr. Roman Rabinovich has been appointed to the Board of Directors, effective immediately. Mr. Rabinovich serves as a Senior Director at FTI Consulting. FTI Consulting is one of…
Shares in Under Armour tumbled nearly 9 per cent in pre-market trading on Tuesday after the sportswear maker reported its second straight quarter of losses and launched a major restructuring plan that would slice its 2017 operating profit by half. The Maryland-based company also lowered its full year sales expectations amid tough trading conditions in…
Goldman Sachs has been having a tough time in bond trading,a business that was once a dependable source of revenue.The US bank delivered $US2.8 billion in fixed income, currencies and commodities client execution revenues in the first half of 2017, down 19% from the same period last year. That figure was $US4.7 billion in 2015…
(RTTNews) – While reporting its second-quarter financial results today, Radian Group Inc. (RDN) said that based on the strategic review of the Services business lines to date, it has decided to restructure this business and currently expects to incur charges relating to the changes necessary to reposition this business for sustained profitability. While the company’s…
The Finance Sector Union is bracing for the possibility of significant job losses at ANZ as the bank’s chief executive Shayne Elliott moves to reassure staff about his dramatic restructure of the business. Mr Elliott sent out a manifesto to staff on Monday calling for a more “agile” workplace and a revolution of outdated work…
PARIS–French drugmaker Sanofi (SAN.FR) said net profit fell in the second quarter as it was hit by higher restructuring costs, but lifted its earnings guidance for 2017. On Monday, the Paris-based drugmaker said net profit declined by 10% to 1.04 billion euros ($1.22 billion) from EUR1.16 billion a year earlier. Business net income, the company’s…
James Hurley, Enterprise Editor Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme. RBS has paid millions in automatic…
James Hurley, Enterprise Editor Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme. RBS has paid millions in automatic…
Shayne Elliott is about to restructure the ANZ Bank, streamlining the workforce, and reducing dependency on mortgage brokers and branches. The Australian Financial Review reports that Elliott and ANZ chairman David Gonski have sketched out the boldest restructuring plan seen in Australian banking history. Elliott says ANZ has no choice but to start with a…