LONDON (AP) Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said…
DetailsThe good news about student loans is that they allow millions of people to earn college degrees who otherwise wouldnt be able to afford them. The bad news is that college graduates enter the workforce deeply mired in debt that deflates their net worth and keeps them cash-strapped for years, if not decades. The current…
DetailsThe crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up in an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media…
DetailsMore than 14 winding-up petitions are pending before the Delhi high court against Era Infra Engineering. Photo: Mint New Delhi: A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its ruling on whether to initiate insolvency proceedings against Era Infra Engineering Ltd, when winding-up petitions are pending against the company at…
DetailsTOKYO — Hitachi upgraded its operating profit forecast for the current fiscal year Thursday to a record 660 billion yen ($5.79 billion) in light of strong earnings from mainstay operations such as chipmaking equipment, construction machinery and information and telecommunications systems. The new figure represents a 12% increase on the year and beats the company’s earlier projection…
DetailsDoes Ford Motor Co. (F) need a restructuring? That’s the question one company follower had on his mind during Ford’s third quarter conference call Thursday morning. “Sometimes, when you have big changes of strategy, big management changes and fundamental pivots in the direction of the organization long-term, when you reassess fitness, in this industry, at…
DetailsMEXICO CITY, Oct. 26, 2017 /PRNewswire/ — Grupo Financiero Santander México, S.A.B. de C.V. (“Santander México” or the “Group”)and Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (the “Bank”) report that the Boards of Directors of both entities, at their meetings held today, agreed on the following transactions: (i) Corporate Restructuring The…
Details1. Increase of the share capital. 1) To increase the share capital of joint stock company LATVIJAS KUNIECBA (Company) by EUR 120000000 (one hundred twenty million euro), by issuing 400 000 000 (four hundred million) new B category registered shares in paper form with nominal value of each share EUR 0.30 (thirty cents). After the…
DetailsOTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees pensions when a company goes bankrupt. While theres no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private members bills on the subject, put forward by a New Democrat MP…
DetailsNEENAH, Wis.–(BUSINESS WIRE)–Bemis Company, Inc. (NYSE:BMS) today reported financial results for its third quarter ended September 30, 2017. Refer to the reconciliation of Non-GAAP measures detailed in the attached schedule, including adjusted earnings per share, adjusted EBITDA, and net debt, referenced in this release. SUMMARY OF THE QUARTER Q3 Q3 YTD ($ in millions…
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