Tesla CEO Elon Musk sent an email to employees on Monday morning stating that the company is reorganising in an effort to flatten management structure and improve communication. Musk originally said that Tesla was restructuring in the companys first-quarter earnings call earlier this month. Musk said in the memo that Tesla still plans to hire…
DetailsThe Insolvency and Bankruptcy Code (IBC), 2016 no doubt is a path-breaking initiative in the whole reform process. Not surprisingly, it has triggered huge debate and one of the key grey areas that had emerged in a recent cases pertained to rights of the customers in an insolvency process. The Supreme Court had reportedly indicated…
DetailsDeleveraging has been highlighted twice at high-profile central meetings this year, financial news outlet Yicai reported Sunday. According to the just-concluded second meeting of the Central Committee for Deepening Overall Reform on Friday, reinforcing the asset and liability constraints on State-owned enterprises (SOEs) is important for reducing leverage ratios and defusing debt risk. One month…
Detailsby Rigzone Staff | Monday, May 14, 2018 Proserv completes a financial restructuring, which it says has strengthened its long-term plans. Proserv, a technology-driven energy services company, announced Monday the completion of a financial restructuring, which it said has strengthened its long-term plans. Through a debt-for-equity exchange and injection of a $50 million investment, the…
DetailsDebt-consolidation firm inks 95K sf lease at 180 Maiden Lane National Debt Relief plans to hire hundreds of new workers May 14, 2018 08:00AM Tara Stacom and 180 Maiden Lane Debt-consolidation firm National Deb Relief signed a lease for 95,000 square feet at MHP Real Estate Services and Clarion Partners 180 Maiden Lane. The company,…
DetailsDHX Media Ltd. says the sale of nearly half of its stake in the Peanuts entertainment business to a Sony Corp. division for $237-million cash will help reduce the Canadian animation companys debt load and improve its operating results. The Halifax-based company will retain 41 per cent of the Peanuts business based on characters such…
DetailsNew legislation expected to come into force from the government’s defined benefit (DB) white paper has the potential to increase company insolvencies and send their schemes into the pensions lifeboat, a lawyer has warned. The Department for Work & Pensions (DWP) published in March its 76-page defined benefit white paper, which besides creating new legislation to introduce a criminal offence to…
DetailsMothercare is close to agreeing a rescue plan that includes raising fresh funds from investors and revamping its store portfolio. The company said it was finalising a comprehensive restructuring and refinancing package to put the business on a stable and sustainable financial footing. We are in the final stages of detailing these restructuring plans alongside…
DetailsGet inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 10, 2018 Date of Report (Date of earliest event reported) ATYR PHARMA, INC. (Exact name of…
DetailsSAN DIEGO, May 14, 2018 (GLOBE NEWSWIRE) — aTyr Pharma, Inc. (Nasdaq:LIFE), a biotherapeutics company engaged in the discovery and development of innovative medicines based on novel immunological pathways, today announced operating results for the first quarter ended March 31, 2018. The Company also announced a corporate restructuring plan to streamline its operations as it…
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