CHICAGO Caterpillar Inc , the world’s largest construction and equipment maker, forecast 2017 profit sharply below analysts’ estimates, hurt by sluggish demand in the construction and energy industries. Continue Reading Below Peoria, Illinois,-based Caterpillar has already slashed its workforce by more than 16,000 to cope with a slumping economy and said it would take another…
DetailsEndo International said today it will eliminate 90 full-time positions in a restructuring designed to lower costs, increase efficiencyand bring the company back into the black following recent losses and a plunge in its stock price. Endo said its restructuring would primarily affect its corporate and branded pharmaceutical R&D operations at its U.S. headquarters in…
DetailsRecent Bank of England figures have shown a strong growth in consumer credit, prompting charities to warn the figures should be ringing “alarm bells” The number of people whose financial situation deteriorated so badly that they became insolvent is expected to have increased year on year in 2016 in official figures released on Friday. Restructuring…
DetailsCimpress NV (NASDAQ: CMPR) announced fiscal second-quarter 2017 results Wednesday after the market closed, along with plans to “decentralize its organizational structure.” Shares are down more than 8% in after-hours trading, as Wall Street frowns upon continued profitability headwinds for the mass customization specialist. To be fair, going into this report Cimpress shares had all but recovered…
DetailsThe number of people whose financial situation deteriorated so badly that they became insolvent is expected to have increased year on year in 2016 in official figures released on Friday. Restructuring firm RSM said it expected to see around 90,000 people having entered personal insolvency in England and Wales across 2016, which would be an…
DetailsBy Reuters Published: 23:17 +11:00, 26 January 2017 | Updated: 23:17 +11:00, 26 January 2017 e-mail By Rodrigo Viga Gaier RIO DE JANEIRO, Jan 26 (Reuters) – Brazil’s federal government is likely on Thursday to agree debt relief for the state of Rio de Janeiro worth about 50 billion reais ($16 billion) to help pull…
DetailsAndreas Lehmanns practice focuses on financial services and corporate finance transactions as well as restructuring & insolvency. He advises banks on all aspects of debt financing structures including syndicated loans, corporate bonds and securitization transactions. Andreas has advised institutional investors, in particular investment funds, venture capital funds and real estate funds, in respect to their…
DetailsAccording to its own data, TDX said the average level of unsecured debt included in an IVA fell from £48,115 in 2008 to £23,879 in 2016 a drop of more than £24,000. TDX said this decrease could be due to lower levels of unsecured lending after the credit crunch in 2008, which could reflect retail…
DetailsGet daily under-the-radar research with StreetInsider.com’s Stealth Growth Insider Get your 2-Wk Free Trial here. Endo International plc (NASDAQ: ENDP) announced today that as part of its comprehensive organizational review, it has initiated a restructuring program. These restructuring actions primarily relate to the Company’s Corporate functions and Branded pharmaceutical R&D functions in Malvern, PA and…
DetailsLast year, Gail Porter underwent life-changing breast reduction surgery and admitted she felt better than ever. It looked like things were on the up for the former Top Of The Pops presenter, after difficult years battling depression. But now, the 45 year old has been declared bankrupt after failing to pay her debts. Read More…
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