SAN JUAN, Puerto Rico, Sept 17- Puerto Rico Electric Power Authority's new chief restructuring officer Lisa Donahue said on Wednesday that she is confident of developing a restructuring plan that will have the support of all stakeholders at the embattled government power utility.» Read More
*Lonmin prepares for return to work on May 14. *Union NUM says two workers killed at Lonmin mine. LONDON, May 12- Platinum miner Lonmin said on Monday restructuring and job cuts were inevitable as it posted a steep fall in six-month earnings, suffering from South Africa's longest and most costly labour stoppage.
May 7- AOL Inc on Wednesday said its quarterly profit declined, with its stock price falling 22 percent as it missed earnings expectations due to the cost of restructuring its digital and media entertainment businesses.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
May 6- U.S. fertilizer company Mosaic Co said on Tuesday it will eliminate more than 500 jobs in the next year as it reported a larger-than-expected 43 percent drop in quarterly profit.
MILAN, April 30- Etihad Airways has signalled that it is ready to continue talks on a potential investment in Italy's troubled Alitalia but it refuses to budge on tough conditions on debt restructuring and job cuts, a source close to the talks said on Wednesday.
LONDON, April 29- Royal Bank of Scotland's head of foreign exchange trading in Europe, James Pearson, is taking a five-month sabbatical, leading to a temporary restructuring of the bank's forex desk, RBS said on Tuesday.
WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.
April 22- Diversified Canadian miner Teck Resources Ltd said it would defer the reopening of its Quintette coal mine in British Columbia and cut 600 jobs, or 5 percent of its global workforce, after a 78.4 percent fall first-quarter net profit.
Citigroup has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported.
April 10- Heavy equipment retailer Titan Machinery Inc said it would cut about 12 percent jobs in its construction unit and the company posted a 10 percent drop in quarterly revenue. Titan also estimated revenue of $1.95 billion to $2.15 billion for the year ending Jan. 31, 2015.
April 10- Farm equipment retailer Titan Machinery Inc reported a 10 percent drop in quarterly revenue and said it would reduce its workforce at its construction business by about 12 percent. Revenue fell to $708.6 million in the fourth quarter ended Jan. 31 from $784.5 million a year earlier.
April 9- Bank of America Corp said on Wednesday that it will close three foreign offices and eliminate about 3,000 jobs over the next nine to 12 months in an effort to simplify its global operations.
RAMALLAH, West Bank, April 8- The Palestinian Authority said on Tuesday it plans to issue bonds to banks as part of a restructuring of its sizeable debts, in what will be the first sale of government bonds in the territory's 20- year history. Jihad Al Wazir, head of the Palestinian Monetary Authority, said around $200 million of debt would be converted to bonds.
ROME/ ABU DHABI, April 2- Etihad Airways has finished examining Alitalia's books and will soon present a plan to revamp the loss-making Italian airline that is likely to include demands for job cuts and debt restructuring, several sources familiar with the matter said.
NEW YORK, March 26- Former employees of Spirit Aerosystems Holdings Inc, a major supplier to plane makers Boeing and Airbus, filed charges with federal agencies on Wednesday alleging that Spirit illegally used health care information to target those who were costing the company most for layoffs.
A recent Harvard study suggested that odd fashion choices earn more respect. Former trader Raj Mahal calls BS and says that would never fly on Wall Street!
A lot of people think of it as an Old Boys Club but the truth is, Wall Street likes to hire 'em young, says former trader Raj Mahal.
Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.
CNBC's Dominic Chu reports Wal-Mart is to lay of 2,300 of its Sam's Club employees, which is about 2 percent of its workforce.
We are going to see health care as a growth industry well into the future, says Joe Jimenez, Novartis CEO, sharing his thoughts on elevating the economic potential of a healthier population.