Business Events Corporate Restructuring

  • PARIS, April 15- EDF shares rose as much as 4.3 percent on Monday on hopes that a partial re-nationalization of the French utility will unlock value and ring-fence EDF's capital-intensive nuclear activities from its renewables and grids. The strategy committee of EDF's board will review a restructuring plan for the 83.7 percent state-owned group on May 28,...

  • PARIS, April 15- French utility EDF will kick-off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utility's nuclear activities, Le Parisien newspaper reported on Monday. State holding company APE chief Martin Vial and a finance ministry official confirmed that the board's...

  • Nissan's 'glory days' are long in the past: Bucephalus Research

    Robert Medd of Bucephalus Research says Nissan and Renault could be "dinosaurs, existing until they die" if they do not restructure their manufacturing operations as the auto industry changes.

  • *Veteran executive Robert Enslin leaves the company. BERLIN, April 6- Software company SAP said the head of its cloud business group had decided to leave the company, the latest in a string of top departures as Europe's most valuable technology firm reshapes its operations. Robert Enslin, who joined SAP in 1992 and had served on its board since 2014, had been tipped...

  • The board, which filed bankruptcy for the island in May 2017 to restructure about $120 billion of debt and pension obligations, had sought approval in January to void more than $6 billion of defaulted general obligation bonds sold in 2012 and 2014 on the basis they were issued in violation of debt limits in Puerto Rico's constitution. Other creditor groups in...

  • CHICAGO, March 28- A decision this week by a U.S. The appeals court affirmed a ruling by U.S. District Court Judge Laura Taylor Swain, who is overseeing the island's bankruptcy, which was filed in 2017 in an effort to restructure about $120 billion of the U.S. commonwealth's debt and pension obligations. Swain had dismissed a lawsuit by insurance companies...

  • SAN FRANCISCO, March 27- Bankrupt California power provider PG&E Corp won court approval on Wednesday for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes. San Francisco- based PG&E filed for Chapter 11 bankruptcy protection in January in the aftermath of...

  • Changes in Japan's corporate governance are 'going faster': Investor

    Seth Fischer of Oasis Management says the pace of change in corporate Japan has "accelerated a lot" in terms of shareholder engagement with management.

  • Pier 1, which has roughly 987 stores in the United States and Canada, has added debt restructuring specialists at Kirkland& Ellis LLP to a roster of advisers counseling the chain as it explores strategic alternatives, the sources said. As of December, the company had about $200 million in long-term debt. However, a bankruptcy filing is not yet on the horizon for...

  • The company expects annual savings of about $55 million from the restructuring, of which about $42 million will be realized within fiscal year 2020.. It also said Chief Financial Officer Darren Karst and Chief Operating Officer Kermit Crawford would also leave the company. The company named Chief Accounting Officer Matt Schroeder as the new CFO and Bryan...

  • SAUDI COURT APPROVES AL-SANEA AND SAAD'S FILING FOR FINANCIAL REORGANISATION UNDER BANKRUPTCY LAW.

  • The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of two high-profile executives- Richard Plepler, the head of HBO and David Levy, president of Turner Broadcasting. AT&T shares opened down 1.2 percent at $30.44 on the New York Stock Exchange. Robert Greenblatt, a former executive at...

  • The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of two high-profile executives- Richard Plepler, the head of HBO and David Levy, president of Turner Broadcasting- as AT&T aims to reinvest savings into its programming businesses. "At a time when we must shift our investment focus to...

  • GE biopharma sale could surface more health care value: Expert

    GE after biopharma sale with Justin Bergner, senior analyst at Gabelli & Co

  • PARIS, Feb 22- Societe Generale has not yet taken a decision about any layoffs at its corporate and investment bank as it looks for 500 million euros in cost savings, a source at the bank said on Friday. The French bank said this month it planned to restructure its investment bank to save costs. It has said it would focus on activities such as equity derivatives and...

  • Feb 14- Troubled outsourcing group Interserve would have to pay 66 million pound immediately to lenders if its largest shareholder Coltrane blocks the debt restructuring deal and removes some board members, Sky News reported on Thursday. The company will also have to repay "tens of millions of pounds" if its Chief Financial Officer Mark Whiteling is removed...

  • *Credit Suisse posts 2.1 bln Sfr FY net profit, first since 2014. ZURICH, Feb 14- Credit Suisse posted its first annual profit in four years on Thursday as a long-running restructuring plan made its mark but Switzerland's second-biggest bank warned of significant uncertainty on how markets will fare in the months ahead. Calling the fourth quarter a "stress test"...

  • ATHENS, Feb 14- Greek jewellery maker Folli Follie's board has approved a revised restructuring plan proposed by a group of bondholders in a bid to save it from collapse. A Folli source told Reuters the board of directors approved the plan on Wednesday following fresh talks with some of the bondholders in Athens. Folli announced details of its restructuring in...

  • ATHENS, Feb 14- Greek jewelry maker Folli Follie's board has approved a revised restructuring plan proposed by a group of bondholders in a bid to save it from collapse. A Folli source told Reuters the board of directors approved the plan on Wednesday following fresh talks with some of the bondholders in Athens. Folli announced details of its restructuring in...

  • A pedestrian passes in front of a David's Bridal Inc. store in New York, U.S., on Wednesday, Nov. 14, 2018.

    David's Bridal, which emerged from bankruptcy last month, is now focusing on catering to today's older and less traditional brides.