Restructuring / Reorganization

Third Point gains ISS, Glass Lewis support in Campbell proxy fight

Third Point gains ISS, Glass Lewis support in Campbell proxy fight

Published 15/11/2018

NEW YORK (Reuters) - Shareholder advisory firms Institutional Shareholder Services and Glass Lewis backed a push by Daniel Loeb’s hedge fund to make changes at [more…]

Proxy advisory firm ISS favors vote for Third Point nominees at…

Proxy advisory firm ISS favors vote for Third Point nominees at…

Published 15/11/2018

NEW YORK (Reuters) - Shareholder advisory firm Institutional Shareholder Services on Wednesday recommended that Campbell Soup Co investors elect all five of Third Point hedge [more…]

Coming soon from Netflix: Three dozen billboards in Hollywood

Coming soon from Netflix: Three dozen billboards in Hollywood

Published 02/07/2018

NEW YORK and LOS ANGELES (Reuters) - Netflix Inc, the streaming video pioneer that revolutionized television, is investing in one of the oldest forms of [more…]

Loeb pressures Nestle for more sales, restructuring

Loeb pressures Nestle for more sales, restructuring

Published 02/07/2018

BOSTON (Reuters) - Billionaire investor Daniel Loeb on Sunday stepped up pressure on food group Nestle SA (NESN.S), in a letter that urged its board [more…]

KLM CEO says more restructuring needed at Air France

KLM CEO says more restructuring needed at Air France

Published 04/06/2018

SYDNEY (Reuters) - More restructuring is needed at French flag carrier Air France, the head of Dutch sister airline KLM said on Monday. The two [more…]

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source

Deutsche Bank looks to cut 10,000 jobs to reduce costs: source

Published 23/05/2018

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) plans to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce [more…]

Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper

Italy must present Monte dei Paschi exit plan by 2019: CEO tells paper

Published 21/05/2018

MILAN (Reuters) - Italy must present the European Commission with a plan for its exit from lender Monte dei Paschi (BMPS.MI) by 2019, Chief Executive [more…]

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…]