Net revenues increased 2.1%; Organic Net Revenue1 increased 2.8% Operating income margin was 18.1%, up 710 basis points; Adjusted Operating Income1 margin was 16.9%, up 130 basis points Diluted EPS was $0.65, up 86%; Adjusted EPS1 was $0.57, up 12% on a constant-currency basis DEERFIELD, Ill., Oct. 30, 2017 (GLOBE NEWSWIRE) — Mondelz International, Inc.…
DetailsTORONTO The former head of Sears Canada says he had a solid plan to revive the insolvent retailer but felt constrained by a court restructuring process that seemed to favour liquidating the companys assets over keeping it afloat. Speaking publicly on Monday for the first time since Sears Canada was put into liquidation two weeks…
DetailsDue to the drastic contraction of digital camera sales resulting from consumers’ changing habits, leading Japanese digital camera maker Nikon announced on Monday it was shutting down its plant in Wuxi, East China’s Jiangsu province. Nikon Imaging (China) Co Ltd (NIC) was established in Wuxi in 2002 and was responsible for the manufacturing of digital…
DetailsAn IT worker who defrauded Dundee City Council out of more than £1 million will have to sell his house to pay off part of his debt to the local authority. A confiscation order against Mark Conway, 52, was granted at the High Court in Edinburgh on Monday. Conway was imprisoned for more than five…
DetailsT he Trump administrations efforts to dismantle the Affordable Care Act are making health insurance less affordable and less accessible, and will almost certainly increase the number of Americans struggling with medical debt. State policymakers can and should act now to protect consumers from crushing medical debt and aggressive debt collection practices. Medical debt accrues…
DetailsThe end of Sears Canada Inc. has put several other companies on the spot. Liquidation sales at Sears remaining Canadian stores began last week, after an Ontario Superior Court judge gave the go-ahead earlier this month. But the 65-year-old retailers passing leaves behind questions for companies it did business with and competed against. Those questions…
DetailsAustralias consumer watchdog has suggested the federal government should consider liberating the NBN from its obligation to deliver profit for Treasury. The Australian Competition and Consumer Commission released its draft report on the communications sector on Monday, with the national broadband network a major topic of discussion. With the national network having to subsidise its…
DetailsMore than six million Britons dont believe they will ever be debt free, according to new research which has also found the average person in the UK owes £8,000 on top of any mortgage debt. Almost a quarter of all Britons said they are struggling to make ends meet, while 62% said they were often…
DetailsYorkshire Meatball Company goes into liquidation | TheBusinessDesk.com A Yorkshire eatery and meatball production firm which last year said it had surpassed crowdfunding targets has gone into liquidation leaving crowd-funding investors out of pocket. The Yorkshire Meatball Company, based in Leeds and which had…
DetailsImage copyright Getty Images EasyJet has confirmed a 40m (£35m) deal with Air Berlin to buy part of the insolvent German airline’s operations, in a move that will secure 1,000 jobs. EasyJet will buy some of the company’s assets at Berlin Tegel Airport, including landing slots as well as leases for up to 25 A320…
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