GO
Loading...

Corporate Restructuring

More

  • AutoZone Names New Chairman, Announce Share Buyback Thursday, 7 Jun 2007 | 10:28 AM ET

    AutoZone, the largest U.S. auto parts retail chain, said its board elected William Rhodes as its new chairman and authorized the repurchase of an additional $500 million of the company's shares.

  • Pulte Slashes Job Amid Housing Slump Friday, 1 Jun 2007 | 3:26 PM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • Cadbury to Cut Costs as Drinks Sale Nears: Source Friday, 1 Jun 2007 | 5:45 AM ET

    Cadbury Schweppes is planning to move out of its expensive central London offices as part of a cost-cutting drive that will be announced on June 19, a source familiar with the matter said on Friday.

  • Pulte To Cut 16% of Work Force Amid Weak Housing Market Wednesday, 30 May 2007 | 7:18 AM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • DaimlerChrysler to Reduce Debt Sharply: Report Friday, 18 May 2007 | 3:59 AM ET

    DaimlerChrysler will use the repayment of intercompany loans to reduce its debt sharply once the sale of its U.S. arm Chrysler closes, Chief Financial Officer Bodo Uebber told a newspaper.

  • Alcoa To Explore Sale Of Packaging Operations Wednesday, 25 Apr 2007 | 2:46 PM ET

    Alcoa, the world's largest aluminum company, said it may sell three of its businesses including its packaging unit, which makes Reynolds Wrap, sending shares of the world's largest aluminum company up more than 7%.

  • Citigroup Can't Cut Its Way To New Growth Wednesday, 11 Apr 2007 | 1:44 PM ET

    William Smith, chief executive officer at SAM Advisors, told CNBC’s “Power Lunch” that the 17,000 job cuts announced by Citigroup aren’t enough to move the company forward.

  • AMD Shares Rise on Cost Cutting Plans Monday, 9 Apr 2007 | 10:05 AM ET

    Shares of Advanced Micro Devices rose about 4% after it announced a restructuring to lower costs. The chipmaker also cut first-quarter revenue guidance to $1.23 billion, well below Wall Street forecasts.

  • Circuit City Shares Higher On Restructuring Plans Wednesday, 28 Mar 2007 | 3:16 PM ET

    Circuit City Stores  said it will explore options including a sale for its Canadian unit InterTAN Inc. and cut about 3,400 store associate jobs as the retailer tries to improve its financial performance.

  • Citigroup May Cut Jobs, Take $1 Billion Charge - WSJ Monday, 26 Mar 2007 | 11:38 AM ET

    Citigroup executives are putting the finishing touches to a restructuring plan that is likely to involve around 15,000 job cuts and a charge against earnings of more than $1 billion, according to people familiar with the matter, The Wall Street Journal reported.

  • U.K.'s Standard Life Beats Forecasts, Eyes Job Cuts Thursday, 22 Mar 2007 | 7:04 AM ET

    Insurer Standard Life beat market forecasts on Thursday with a 55% rise in 2006 profit and said it planned a shake-up of its core U.K. business, including 1,000 job cuts to squeeze out more costs by 2009.

  • Applebee's to Close 24 Company-Owned Restaurants Wednesday, 21 Mar 2007 | 12:00 PM ET

    "These restaurant closures will have a positive impact on our future earnings, cash flow and return on invested capital," Dave Goebel, president and chief executive officer, said in a statement.

  • HMV Warns on Profit, Announces Turnaround Plan Tuesday, 13 Mar 2007 | 5:50 AM ET

    British music and books retailer HMV issued a profit warning on Tuesday as it announced a three-year plan to cope with tough competition from supermarkets and Internet retailers.

  • Coca-Cola said on Friday that it is reorganizing its North American business to better reflect its strategic focus and creating three new business units for its sodas and other beverages as part of the change.

  • Coca-Cola Enterprises , the biggest bottler of Coca-Cola beverages, said it will cut 5% of its work force, or about 3,500 jobs, as part of a restructuring expected to cost $300 million.

  • Ford's Mulally: "He Should Tie Bonuses To Performance" Thursday, 25 Jan 2007 | 1:01 PM ET
    Alan Mulally, Ford CEO

    Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.

  • Chrysler Expects Restructuring Plan by February Thursday, 4 Jan 2007 | 3:44 PM ET

    DaimlerChrysler's Chrysler Group should have a restructuring plan ready by February as it aims to recover from a loss expected to be near $1.3 billion for 2006, the automaker said.

  • Delphi To Get $3.4 Billion From Private Equity Group Monday, 18 Dec 2006 | 4:37 PM ET

    Delphi laid out a road map for its reorganization on Monday that includes up to a $3.4 billion investment from a private equity group in the bankrupt auto parts maker, potential creditor recoveries and an executive succession plan.

  • Citigroup Denies Krawcheck Departure Friday, 8 Dec 2006 | 4:47 PM ET

    Citigroup shares posted the biggest gain in nearly eight months amid speculation the banking giant may divest some businesses and that CFO Sallie Krawcheck may be replaced.