Airbus Group is in the midst of a period of financial uncertainty. In July, the European aviation giant announced $1.5 billion in charges due to setbacks in the companys A350 airliner and A400M military transport programs. In response, Airbus Group CEO Tom Enders will announce a major restructuring and cost cutting plan next month, the…
DetailsState-owned Guangxi Non-ferrous Metals Group Co. in south China’s Guangxi Zhuang Autonomous Region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept. 12, the company had neither submitted a restructuring plan within six months of the court’s initial ruling, nor…
DetailsGet instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Enphase Energy, Inc. (NASDAQ: ENPH) announced restructuring and cost savings initiatives that are expected to result in approximately $20 million of annualized operating expense savings. Enphase is reducing approximately 11 percent of its global workforce and eliminating…
DetailsAcademy members weighed in on a diverse range of issues during the 2016 Congress of Delegates here, including resolutions considered by the Education Reference Committee on Sept. 19. When all was said and done, AAFP delegates adopted measures that addressed — among other things — professional burnout, student loan repayment and family medicine certification. Mitigating…
DetailsThe parent company of Perth-based mining services company JSW Australia has entered voluntary administration, with representatives of McGrathNicol appointed yesterday. Jason Preston, Shaun Fraser and Jamie Harris were appointed as administrators of Brisbane-based Hughes Drilling, with the intention of keeping the business in operation while they undertake a financial and operational assessment of the firm.…
DetailsGet instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Novatel Wireless (Nasdaq: MIFI) announced that it has entered into an agreement with T.C.L. Industries Holdings, a Hong Kong company (TCL), whereby Novatel Wireless will sell to TCL its mobile broadband business (including its MiFi® branded hotspots…
DetailsSeptember 22, 2016 Updated 9/22/2016 Email Print PRW … Read the full article at: http://www.plasticsnews.com/article/20160922/NEWS/160929926/sandretto-employees-left-in-dark-over-company-liquidation
DetailsCompetitors might have been surprised to see JPMorgan bankers Ricardo Leoni and Daniel Pombo at the negotiating table earlier this year helping Brazilian mining company Samarco Mineracao SA restructure about $3.8bn in debt. Bloomberg News reports that after all, restructuring advice isnt what the bank is known for in Brazil. Leoni and Pombo are trying…
DetailsNANNING — State-owned Guangxi Non-ferrous Metals Group Co in South China’s Guangxi Zhuang autonomous region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept 12, the company had neither submitted a restructuring plan within six months of the court’s initial…
DetailsA Chinese court has jailed a prominent civil rights lawyer for 12 years on fraud charges, his lawyer says, a punishment rights advocates called retaliation for his defence of high-profile clients who had challenged the Government. Key points: Xia Lin had represented artist Ai Weiwei Xia’s wife says sentence will be appealed Official court…
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