Noble Group shares surged more than 50 percent Wednesday after the embattled commodities trader sealed a deal with a major investor, paving the way for a debt restructuring.
Business
Jun 20, 2018
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2
Intel will cut up to 12,000 jobs worldwide as it seeks to shake up its business to reduce dependence on the slumping personal computer market, the US tech giant said Tuesday.
Business
Apr 19, 2016
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8
Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.
Business
Oct 13, 2015
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11
Media giant Viacom Inc. on Monday announced a round of layoffs and restructuring that will result in it booking $785 million in special expenses in its recently ended quarter.
Business
Apr 6, 2015
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63
US computer networking giant Cisco Systems said Wednesday it plans to slash some 6,000 jobs, or eight percent of its global workforce in the coming year.
Business
Aug 13, 2014
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Viacom's fourth-quarter net income rose 24 percent, helped by the success of the film "World War Z" and greater advertising revenue.
Business
Nov 14, 2013
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Amid the largest corporate restructuring in its nearly 40-year history, and what is viewed by many as a risky $7 billion acquisition of Nokia Corp.'s mobile-handset business, Microsoft Corp. meets with Wall Street analysts ...
Business
Sep 23, 2013
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It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once ...
Business
Sep 20, 2013
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With the HS2 rail project being debated widely in both parliament and the media, it is important to review and understand the economic impacts of HSR. In research published in Transport Reviews, Anastasia Loukaitou-Sideris, ...
Other
Sep 20, 2013
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Kodak's trip through bankruptcy is now a memory for the scrapbook.
Business
Sep 3, 2013
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Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.
In education, Restructuring (education) refers a requirement in the No Child Left Behind act of 2001, which requires schools identified as chronically failing for 5 years or more to undertake rapid changes that affect how the school is led and instruction delivered.
Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the difficult and controversial decisions required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations.
The basic nature of restructuring is a zero sum game. Strategic restructuring reduces financial losses, simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation.
Steps:
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