TOKYO, Nov 20 (Reuters) – Shares of Japan’s Panasonic Holdings (6752.T) have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit’s potential listing raised broader restructuring hopes. The shares surged for a second session on Monday after posting their biggest one-day jump…
DetailsShares in German drugs-to-pesticides group Bayer tumbled to a 12-year low on Monday after revealing it had pulled the pin on a large late-stage trial testing a new anti-clotting drug. Bayer aborted its phase III trial on asundexian early on the back of a recommendation from the Independent Data Monitoring Committee, which concluded the candidate…
DetailsGreater system flexibility and microservices architecture means hyper-personalized recommendations for people in UK needing debt advice Global analytics software leader FICO today announced that StepChange, the UKs leading debt advice charity, will use FICO Platform to help assess people in problem debt. StepChange will use the flexibility and hyper-personalisation of the platform to recommend the…
DetailsAs these families have less disposable income and savings, they are more susceptible to falling into debt or arrears when faced with unexpected events like retrenchment or health issues. Even a relatively small debt can have a severe impact on lower-income families financially, psychologically and emotionally, the ministry said. To help these families, MSF will…
DetailsDainton Beer enters voluntary administration to facilitate a financial restructuring of the business Daicom Australia Pty Ltd trading as Dainton Beer (Dainton), has announced their decision to appoint an administrator to help facilitate a financial restructuring of the business. Dainton operates a craft brewery and taphouse in Carrum Downs and a second taphouse in Croydon.…
DetailsDainton Beer have today become the latest brewing company to file for voluntary administration, citing the need to restructure debts in order to continue operating as a profitable business. In a media release, the owners said they had “taken this step to deal with financial losses the business has accrued from ill-timed expansion in the face…
DetailsReuters. LEVERKUSEN – Bayer AG (ETR:) has ceased its phase III asundexian trial early based on the recommendation from the Independent Data Monitoring Committee (IDMC). The IDMC concluded that asundexian was less effective than apixaban, a current standard treatment, in preventing strokes in patients with atrial fibrillation at risk of stroke. This decision was announced…
DetailsKolkata: The Kolkata bench of National Company Law Tribunal (NCLT) ordered insolvency proceedings against Fort Projects (P) Ltd last week following a complaint from Emami Realty.Fort Projects is part of Fort Group, one of the leading real estate firms in the city, while Emami Realty, the creditor, is part of Emami Group. Emami Realty also…
DetailsOn 19 October, it was announced that Australia frozen baked foods and desserts brand Sara Lee has called in administrators, hiring FTI Consulting to sell or restructure the Australian side of the business. Sara Lees Australian business was established in Lisarow, NSW, in 1971 and has a long history of producing home-grown desserts, including frozen…
DetailsReuters. SAN FRANCISCO – OpenAI, a leader in artificial intelligence research, is currently in discussions concerning the potential reinstatement of Sam Altman as CEO. On Sunday, Altman garnered support from various stakeholders, including investors, employees, and executives during negotiations at the company’s San Francisco headquarters. The talks also considered changes to the board’s structure, drawing…
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