NEW YORK, Dec 12- Boeing Co said on Thursday it planned to eliminate up to 1,200 jobs in Washington state and move them to other U.S. locations as it reorganizes research and development functions. The move will reduce Boeing's reliance on unionized engineers in the Seattle area, and follows other steps Boeing has made to move jobs outside the state this year.» Read More
TORONTO, June 27- Rona Inc, Canada's top home-improvement retailer and distributor, will close stores, cut jobs and reduce costs in the second phase of a restructuring plan designed to return it to profitability, the company said on Thursday. Rona hopes the new strategy will help it counter the threat from U.S. competitors Home Depot Inc and Lowe's Cos Inc.
NEW YORK, June 25- The framework of a plan by Eastman Kodak Co to restructure as a commercial imaging business was approved by a bankruptcy judge on Tuesday, bringing the former photography company one step closer to exiting from Chapter 11 protection.
BUENOS AIRES, June 25- Argentina took its legal battle with "holdout" creditors to the U.S. Supreme Court on Monday by appealing an adverse decision handed down by a lower U.S. court in October of last year, state news service Telam said. " A U.S. judge ordered Argentina to pay the holdouts the full $1.33 billion owed them the next time it serviced restructured debt.
DETROIT, June 20- Detroit Emergency Manager Kevyn Orr is ordering a joint investigation into the city's two pension funds, in search of evidence of suspected fraud, corruption, waste and other possible malfeasance. Orr has said Detroit will end up in bankruptcy court if creditors do not accept considerable reductions in what the city owes.
June 17- Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as labor unions and pensioners, to share the pain.
Dallas Federal Reserve President Richard Fisher, reveals his outlook on jobs and the U.S. economy.
Dallas Federal Reserve President Richard Fisher explains the importance of simplifying bank regulations.
"It's a constant evaluative process," says Dallas Federal Reserve President Richard Fisher, discussing how central bankers are able to gauge the success of its monetary policy.
"But the boats are still tied to the dock," says Dallas Federal Reserve President Richard Fisher." Adding, "we have not seen the type of robust job creation that we would like to see," discussing Fed's monetary policy.
CNBC's Andrew Ross Sorkin reports on that Third Point's CEO has acquired the largest stake in Sony and could be looking into breaking up the company into three separate pieces.
Simon Maughan, financials sector strategist at Olivetree Financial Group, comments on Barclays' quarterly results which were hit by restructuring charges and says it looks better than its two main UK competitors.
Lee Buchheit, Partner at Cleary Gottlieb Steen & Hamilton, also known as the go-to expert for debt-ridden nations, shares the feedback on his plan B for Cyprus.
Andrew Witty, CEO of GlaxoSmithKline, discusses his company's 2012 earnings and explains why he is optimistic about the company's restructuring plans in Europe.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Matthew Patsky,Trillium Asset Management CEO, weighs in on Citi's big earnings miss, and why the bank needs to restructure to realize "greater value for the shareholder."
Spanish bailed out lender Bankia aims to return to profitability by next year after a restructuring plan that will cost about 6,000 jobs.
CNBC's Michelle Caruso-Cabrera reports Boeing is moving higher off of its lows on news the company is doing a major restructuring of its defense business; and the FMHR traders share their final trades.
Sergio Ermotti, CEO of UBS tells CNBC why the bank made the decision to shut down its fixed income business and fire 10,000 bankers and how it plans to be more effective in the future.
Andrew Liveris, President, Chairman & CEO of Dow Chemical, talks about the company's restructuring plan that includes plant closures and jobs cut. Liveris blames a slowdown in the global economy for the new plan.
Ron Bloom, Lazard U.S. investment banking vice chairman, explains why the USPS is in need of an overhaul and requires Congressional action to avoid default.