Restructuring / Reorganization

Toshiba says memory chip unit sale to boost annual profit by a third

Toshiba says memory chip unit sale to boost annual profit by a third

Published 15/05/2018

TOKYO (Reuters) - Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 [more…]

Shipping’s financiers turning the tide on shipbreaking practices

Shipping’s financiers turning the tide on shipbreaking practices

Published 15/05/2018

LONDON (Reuters) - The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting [more…]

Bank of America affirms gun pledge, hints at Remington loan exit

Bank of America affirms gun pledge, hints at Remington loan exit

Published 10/05/2018

WILMINGTON, Del. (Reuters) - Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it [more…]

WPP’s Read reviewing structure as results boost shares

WPP’s Read reviewing structure as results boost shares

Published 30/04/2018

LONDON (Reuters) - Mark Read, tasked with running WPP (WPP.L) after the sudden exit of founder Martin Sorrell, said he would look at restructuring the [more…]

Sainsbury’s says Asda merger could result in some store sell-offs

Sainsbury’s says Asda merger could result in some store sell-offs

Published 30/04/2018

LONDON (Reuters) - Sainsbury’s chief executive Mike Coupe said that it was possible that competition authorities would force some stores to be sold to allow [more…]

WPP’s Read says no timetable on reviewing the group

WPP’s Read says no timetable on reviewing the group

Published 30/04/2018

LONDON (Reuters) - Mark Read, WPP’s (WPP.L) joint chief operating officer, said he would look at new ways to restructure the group but would not [more…]

Credit Suisse chairman sees more efficiency work ahead

Credit Suisse chairman sees more efficiency work ahead

Published 27/04/2018

ZURICH (Reuters) - Credit Suisse still has work ahead after making good progress towards achieving targets set for a three-year turnaround, Chairman Urs Rohner told [more…]

Credit Suisse delivers best quarter since Thiam’s revamp

Credit Suisse delivers best quarter since Thiam’s revamp

Published 25/04/2018

ZURICH (Reuters) - Credit Suisse delivered its best quarterly results on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest bank [more…]

GM Korea drops bankruptcy vote plan after last-minute wage deal

GM Korea drops bankruptcy vote plan after last-minute wage deal

Published 23/04/2018

SEOUL (Reuters) - General Motors Co’s (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage [more…]

South Korea says to join forces to normalize GM’s Korea unit

South Korea says to join forces to normalize GM’s Korea unit

Published 23/04/2018

SEOUL (Reuters) - The South Korean government said on Monday it would join forces to help normalize General Motors Co’s South Korean unit. The government [more…]