DETROIT— The state of Michigan on Tuesday urged Detroit pensioners whose benefits will be reduced by the city's bankruptcy restructuring plan to apply for funding if it's necessary to keep them from dropping below the poverty line. Detroit, which officially emerged last week from the largest municipal bankruptcy in U.S. history, is shedding about $7 billion...» Read More
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.
GM sold more vehicles in China than in the U.S. last year. Dan Akerson, General Motors chairman & CEO, expects auto sales to rise 10% this year in China and discusses GM restoring its 50/50 partnership with China's SAIC.
Yahoo's all-hands meeting today is more than a garden-variety pep talk. It's a chance for new CEO Scott Thompson to set the agenda at a pivotal moment for the struggling company.
Even though Veolia Environment has a sky-high 12% yield, Cramer says it's also a giant red flag. The company has been trying to restructure itself for years, and the only thing that is certain about VE is the dividend needs to be cut.
Discussing the prospects of a successful turnaround at EK after the company hires lawyers to help it restructure, with Gregory Charleston, Conway MacKenzie.
Discussing whether HP's restructuring plan was a mistake and how the company plans to grow its business, with Todd Bradley, Hewlett-Packard Personal Systems Group.
Insight on the meeting between French president Nicolas Sarkozy and Germany's Angela Merkel over Greece's debt threat, with the CNBC news team.
The list of corporate restructurings needed during the credit crisis already resembles "War and Peace" in length. Now, entire countries such as Greece seem to need restructuring. What are the main differences between restructuring a country and a company? And how can the hapless politicians and central bankers attempting to make struggling economies work learn from corporate restructuring?
Discussing the impact of the IMF chief's sex scandal and Europe's future financial stability, with CNBC's Steve Liesman. Also, CNBC's Mary Thompson with latest details on Strauss-Kahn's court arraignment in New York City.
A currency trade that pits the euro against the U.S. dollar, with Todd Gordon, Aspen Trading Group. Also, a look at the U.S. economic outlook as well as risk & restructuring in Europe, with Steven Walsh, Western Asset Management, and CNBC's David Faber.
CNBC's Jim Cramer weighs in on Cisco's CEO and it's restructuring plan.
When I heard that Cisco had announced that it was “streamlining” its sales and engineering organization, my first reaction was: But will it matter? Then: Do any restructurings matter?