Restructuring / Reorganization

Payment holiday parachute might COVID-proof government bonds, top fund says

Payment holiday parachute might COVID-proof government bonds, top fund says

Published 26/08/2020

LONDON (Reuters) - The option of a one-time payment holiday during times of intense crisis might enable countries to pandemic-proof their bonds, a prominent debt [more…]

SAP picked by Moderna to help distribute COVID-19 vaccine candidate

SAP picked by Moderna to help distribute COVID-19 vaccine candidate

Published 27/07/2020

BERLIN (Reuters) - Business software group SAP (SAPG.DE) has been selected by Moderna (MRNA.O) to help distribute the potential COVID-19 vaccine that the U.S. pharmaceuticals [more…]

Thyssenkrupp CEO: No taboos in steel consolidation plans

Thyssenkrupp CEO: No taboos in steel consolidation plans

Published 19/05/2020

FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, marking a break with tradition under [more…]

Hyatt to lay off 1,300 employees as pandemic cripples travel

Hyatt to lay off 1,300 employees as pandemic cripples travel

Published 12/05/2020

(Reuters) - Hyatt Hotels Corp (H.N) said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, [more…]

Boral shares plunge after bushfire profit hit, accounts probe

Boral shares plunge after bushfire profit hit, accounts probe

Published 10/02/2020

(Reuters) - Australia’s Boral Ltd (BLD.AX) said on Monday delays to building projects due to bushfires will likely cause a plunge in its second-half results, [more…]

Electrolux sees extra U.S. costs hitting fourth quarter earnings

Electrolux sees extra U.S. costs hitting fourth quarter earnings

Published 16/12/2019

STOCKHOLM (Reuters) - Appliance maker Electrolux AB (ELUXb.ST) said on Sunday its North American business would take a higher than forecast $70 million earnings hit [more…]

Tullow Oil CEO steps down- scraps dividends on Ghana problems

Tullow Oil CEO steps down- scraps dividends on Ghana problems

Published 09/12/2019

(Reuters) - Tullow Oil Plc (TLW.L) on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped [more…]

Ford bets on an electric Mustang to charge its turnaround

Ford bets on an electric Mustang to charge its turnaround

Published 18/11/2019

LOS ANGELES (Reuters) - The Mustang Mach E electric sport utility vehicle Ford Motor Co (F.N) unveiled in Los Angeles on Sunday is more than [more…]

Neil Woodford sacked as flagship Equity Income Fund to be shut

Neil Woodford sacked as flagship Equity Income Fund to be shut

Published 15/10/2019

LONDON (Reuters) - Neil Woodford has been ousted as manager of his flagship LF Woodford Equity Income Fund, which will now be wound up to [more…]

Passport maker De La Rue taps Clive Vacher CEO in midst of turnaround, setbacks

Passport maker De La Rue taps Clive Vacher CEO in midst of turnaround, setbacks

Published 07/10/2019

(Reuters) - Banknote and passport printer De La Rue Plc (DLAR.L) on Monday named Clive Vacher as chief executive officer to replace Martin Sutherland, whose [more…]