FRANKFURT (Reuters) – Siemens (SIEGn.DE) is planning restructuring at its Process Industries business as well as at Power & Gas, news agency Bloomberg reported on Thursday, citing sources. It said job cuts at Process Industries, Siemenss least profitable business last year, could be substantial. A Siemens spokesman reiterated that it was continually thinking about its…
DetailsAn Expression of Interest from investors to revive Nagarjuna Oil Corporation (NOC) has been invited by the Insolvency Resolution Professional appointed by the National Company Law Tribunal (NCLT). Financial investors mutual funds, private equity and venture capital funds, domestic or foreign investment institutions and others may also apply. A Corporate Insolvency Resolution Process…
DetailsThursday, October 19, 2017 What is the GDPR? The General Data Protection Regulation (GDPR) is an EU regulation designed to strengthen and harmonise data protection rules for processing data of all individuals within the EU and covers the transfer of such personal data outside the EU. One of the aims of the new legislation is to give control back to individuals over…
DetailsOrlando, Fla., Oct. 19, 2017 (GLOBE NEWSWIRE) — CNL Growth Properties, a real estate investment trust (REIT) which invested in the development of Class A multifamily communities in the mid-Atlantic and Sun Belt regions of the United States, has completed the successful liquidation of its portfolio according to the plan approved by shareholders in August…
Details17:07 19/10/2017 MOSCOW, October 19 (RAPSI) The Commercial Court of the Moscow Region has declared Duty Free operator Aerofirst bankrupt, according to court records. A monitoring procedure was introduced regarding Aerofirst on April 27. Moreover, this summer the court included a 3.1-billion-ruble (about $54 million at the current exchange rate) debt of Aerofirst to VTB…
DetailsNestlé has reported its latest nine-month financial figures, achieving organic growth of 2.6% across the business. The Swiss food and drinks giant enjoyed particular success in emerging markets (5.1%), with growth in established areas at 0.8%. It recorded 1.9% organic growth in Europe, Middle East and North Africa, with particularly strong performance in its coffee and…
DetailsMore and more Australians are falling into the vicious cycle of debt according to research released by The Salvation Army. The data shows that those on the brink of financial crisis have accrued $2.55 of debt for every dollar earned. Thats a debt-to-income ratio of 255 per cent. Comparatively, the average Australian household has a debt-to-income ratio…
DetailsAdvertisementThe U.S. Bankruptcy Court approved Gordmans Stores Disclosure Statement on a final basis and concurrently confirmed the Companys Joint Plan of Liquidation. Advertisement According to documents filed with the Court, The Plan contemplates a liquidation of each of the Debtors and their Estates and is therefore referred to as a plan…
DetailsDick Smith shareholders who bought into the retailer’s $520 million initial public offer almost four years ago may be able to recoup some of their investment by joining a second class action against the failed retailer. Litigation funder ICP is finalising funding for a $200 million shareholder class action against Dick Smith after spending the last six months trawling through…
DetailsFRANKFURT (Reuters) – Siemens (SIEGn.DE) is planning further cost cuts at its Power & Gas division that will likely result in thousands of job cuts, a person familiar with the matter told Reuters on Thursday. Various scenarios are being considered, the person said, adding details of the overhaul were still to be determined. The Power…
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