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Tyazhpromexport JSC, a shareholder in Numetal which has bid for Essar Steel, is confident of scripting a quick turnaround of the distressed assets if it emerges as the highest bidder. | forward | www.thehindubusinessline.com | https://www.thehindubusinessline.com/companies/numetal-confident-of-turning-around-essar-steel-asset-if-bid-clicks/article22881558.ece |
Furthermore, Shell is preparing for an additional write-down of $600m–800m related to the Singapore chemicals and products facility, which is in the process of being sold to a joint venture between Glencore and Indonesia's PT Chandra Asri Pacific. | forward | www.offshore-technology.com | https://www.offshore-technology.com/news/shell-q2-impairment-charge |
Barclays PLC (NYSE:BCS) (LON:BARC) will cut 8 percent of its total workforce in the investment banking division, or 1,800 jobs, to lower its exposure to risky trading activities. Another 1,900 employees will be fired from its European retail and business banking division. In total, the job cuts represent about 3 percen... | forward | www.valuewalk.com | https://www.valuewalk.com/2013/02/barclays-to-slash-3700-jobs-in-2013 |
Finance. When will Freeport-McMoRan earnings bounce back? Investors have become increasingly uncomfortable with their views on Freeport-McMoran earnings going forward, having reversed initial calls for a quarterly profit in the third quarter and having slashed their views on full-year 2015 earnings by more than 80%. Ev... | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/will-freeport-mcmoran-earnings-finally-hit-bottom-this-quarter |
Non-GAAP product gross margin, however, remained flat at 52.2%. In order to streamline its costs and better align its resources as per strategic priorities, Broadcom initiated a global restructuring plan during fourth quarter 2013. This included retrenchment of up to 1,150 employees. Broadcom recorded restructuring cos... | forward | finance.yahoo.com | http://finance.yahoo.com/news/broadcom-beats-q1-earnings-124006900.html |
The M/V Aristomenis completed its scheduled drydock and was retrofitted with the same upgrades in July 2023. The Partnership has reached a commercial agreement with Hapag Lloyd, whereby the latter will refund part of the total cost of the upgrades to the Partnership. Sale of Dry Cargo Vessel M/V Cape Agamemnon On June ... | forward | www.benzinga.com | https://www.benzinga.com/pressreleases/23/07/g33439369/capital-product-partners-l-p-announces-second-quarter-2023-financial-results |
Driving the gains is a report that Paul Singer's Elliott Management has taken a stake in the company. It has reportedly "built a 10% position in Goodyear Tire & Rubber Co. and is pushing for asset sales and an operational review." | forward | markets.businessinsider.com | https://markets.businessinsider.com/news/stocks/can-billionaire-paul-singer-save-goodyear-tire-gt-stock-1032319488 |
Then, on December 6, 2024, market analyst Baird Equity Research downgraded Fortrea to neutral from outperform after Fortrea abruptly cancelled two scheduled conferences, stating that "[g]iven our ongoing concerns around the sector, [Fortrea's] choppy history post spin, and lack of clarity on the abrupt communications c... | not-forward | aijourn.com | https://aijourn.com/ftre-investor-alert-robbins-geller-rudman-dowd-llp-announces-that-fortrea-holdings-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit |
hareholders, and that Biocartis might require substantial additional funding to respond to business challenges, take advantage of new business opportunities or repay or refinance its outstanding convertible bonds, which may not be available on acceptable terms, or at all. Potential investors should note that comments r... | forward | businessfortnight.com | https://businessfortnight.com/press-release-biocartis-group-nv-biocartis-announces-3 |
On January 10, 2025, Neogen disclosed that its second quarter GAAP net income was significantly negative due to a $461 million non-cash goodwill impairment charge related to its acquisition of the 3M Company ("3M"). The Company also revised its full year outlook, cutting revenue and EBITDA guidance. Further, the Compan... | not-forward | www.wallstreet-online.de | https://www.wallstreet-online.de/nachricht/19675518-law-offices-of-howard-g-smith-encourages-neogen-corporation-neog-investors-to-inquire-about-securities-fraud-class-action |
MGM expects to record a third-quarter impairment charge of about $220 million in connection with the transaction, the company said in a news release. Ruffin, noting that Circus Circus has anchored the north end of the Strip for more than 50 years, said he was "excited to add it to my casino portfolio." MGM acquired Cir... | forward | lasvegassun.com | https://lasvegassun.com/news/2019/oct/15/mgm-selling-circus-circus-for-825-million |
The first suggestions for returning value to Sears stock holders is selling assets that belong to the retail chain. The letter notes that this could potentially reduce SHLD's debt by $1.75 billion. This would be a major chunk out of the company's total debt of $5.59 billion. | forward | investorplace.com | https://investorplace.com/2018/09/sears-stock-down-on-restructuring-plan |
LONDON--Tesco PLC (TSCO.LN) said Wednesday it expected the global economic environment to remain very challenging as it reported a drop in first-half net profit, dragged down by sluggish sales and the cost of a 1 billion pound ($1.61 billion) U.K. turnaround plan. | not-forward | www.marketwatch.com | http://www.marketwatch.com/story/tesco-profit-drops-as-uk-sales-fall-2012-10-03-24853223 |
Bhushan Power & Steel's promoter, Sanjay Singal, has unveiled a last-minute bid to save his company from going under the hammer by offering creditors a proposal to repay their entire dues of Rs 47,151 crore. The unexpected turn of events comes a day before a judgement is expected in one of the keenly watched insolvency... | forward | cfo.economictimes.indiatimes.com | https://cfo.economictimes.indiatimes.com/news/sanjay-singal-makes-one-last-bid-for-bhushan-power/67827628 |
The update comes after Hyflux last Thursday terminated a crucial rescue deal, with just weeks to go before the insolvent water and power plant company loses court protection from creditors when its moratorium expires on April 30. | not-forward | www.businesstimes.com.sg | https://www.businesstimes.com.sg/companies-markets/hyflux-says-not-decided-on-whether-to-apply-for-extended-debt-moratorium |
Vontobel says it is a top-10 Baloise shareholder. If nothing major is forthcoming, Baloise could come under more pressure from Cevian, Brun said. Cevian, which announced its holding on Monday, has not yet said what it wants for Baloise. But it has previously proved able to push through asset sales or shake up managemen... | forward | ca.finance.yahoo.com | https://ca.finance.yahoo.com/news/investors-press-baloise-shake-business-092322367.html |
SINGAPORE: Oversea-Chinese Banking Corp, Singapore's second-biggest lender, flagged worries about a weak oil and gas sector after reporting an 18% drop in quarterly profit to a three-year low, mainly due to a jump in impairment charges. Singapore banks, long lauded for their conservative lending standards, are taking a... | not-forward | www.thestar.com.my | https://www.thestar.com.my/business/business-news/2017/02/14/ocbc-flags-oil-sector-woes-as-q4-profit-hits-3-year-low |
The Company expects to post an extraordinary income of 36 billion yen as a result of profit from its sale of Zotos International Inc. to Henkel for $485 million, announced late last week. Shiseido also said it would post a loss of 65.5 billion yen as an impairment charge on intangible assets and other assets associated... | forward | wwd.com | https://wwd.com/beauty-industry-news/skin-care/shiseido-revises-forecast-shutting-100-bareminerals-doors-11040081 |
Boohoo wants to bar Frasers from making an offer for the company while it sits on the board, and for up to a year if it exits, and asked for a commitment that Frasers' nominee would not be involved in commercial decisions at Boohoo's rivals. "The Board considers it wholly inappropriate for Frasers to seek to leverage i... | forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/BOOHOO-GROUP-PLC-16023307/news/UK-s-Boohoo-seeks-to-limit-Frasers-influence-as-it-questions-investor-48295238 |
FILE PHOTO: The logo of Las Vegas Sands Corp is pictured at the Japan IR EXPO in Yokohama, Japan January 29, 2020. REUTERS/Kim Kyung-Hoon | not-forward | money.usnews.com | https://money.usnews.com/investing/news/articles/2021-03-03/las-vegas-sands-to-sell-properties-for-about-625-billion |
Neiman Marcus disclosed its plans with its fiscal second quarter results released Tuesday morning. Sales during the holiday quarter fell 6.1 percent to $1.40 billion. In its second fiscal quarter, the company swung to a loss of $117.1 million compared with a profit of $7.9 million last year. The company also took a $15... | not-forward | www.dallasnews.com | https://www.dallasnews.com/business/retail/2017/03/14/neiman-marcus-puts-sale |
IBA anticipates moves to rationalize supply in Asia, where aircraft order books remain bloated, especially in Southeast Asia and India, and airline failures have been limited. Mergers like that between Korean Air Lines Co.'s and national rival Asiana Airlines Inc. may become more common. A cash crunch will have further... | forward | www.chicagobusiness.com | https://www.chicagobusiness.com/airlines-airports/threat-another-lost-summer-stirs-airlines-fears |
Operating margin is expected to be 30%. The company expects in-game monetization to be lower owing to limited major game releases. Headcount is expected to decline 8% owing to Activision's restructuring plans. The company expects to deploy more resources (about 20%) in its franchises including Call of Duty, Overwatch, ... | forward | www.zacks.com | https://www.zacks.com/stock/news/354258/activision-atvi-q4-earnings-and-revenues-increase-yy |
SpiceJet said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Limited for an aggregate sum of $5 million, together with agreement in relation to the treatment of certain aircraft engines. This came a day after it was reported that Sp... | not-forward | raksha-anirveda.com | https://raksha-anirveda.com/major-relief-spicejet-meets-dgcas-safety-norms |
Besides the latest closures, there's a good chance you've noticed Rite Aid in the headlines a lot more recently. The drugstore chain filed for Chapter 11 bankruptcy in New Jersey on Oct. 15 as it struggles with lagging sales and billions of dollars in debt, The New York Times reported. | not-forward | bestlifeonline.com | https://bestlifeonline.com/rite-aid-closing-stores-after-bankruptcy-news |
A Boeing Co. 737 aircraft, operated by Ryanair Holdings Plc, takes off from Tegel airport in Berlin, Germany, on Monday, July 29, 2019. Deutsche Lufthansa AG is considering a shift to a corporate holding structure, seeking to streamline Europe's biggest airline group as it fights for market share. Photographer: Kriszti... | forward | www.cnn.com | https://www.cnn.com/2019/09/02/business/norwegian-air-debt-restructure/index.html |
Alas, its biggest "core business" is in China, its largest market in terms of vehicle sales through its various joint ventures, and in China sales are in freefall at the moment, with many dealerships and manufacturing plants having closed due to the coronavirus and demand having collapsed. And this comes after GM's sal... | not-forward | www.investmentwatchblog.com | https://www.investmentwatchblog.com/gm-better-figure-out-how-to-stop-shrinking-i-mean-globally-pronto-before-its-too-late |
Barry Sternlicht has launched Starwood Property Trust to target commercial and residential real estate debt opportunities, using financing from the US government's bailout packages, TALF and PPIP. The next five years will be 'one of the most attractive investment periods in the past 50 years'. | forward | www.privateequityinternational.com | https://www.privateequityinternational.com/starwood-plans-500m-debt-ipo |
Ultimately, we are responsible for Bertina's home. Freddie Mac is a Government Sponsored Enterprise under the conservatorship of the federal government, and taxpayers own nearly 200 billion dollars worth of Freddie Mac, despite the fact that they speculated obscenely with our mortgages, creating value from nothing in t... | not-forward | www.sojo.net | http://www.sojo.net/blogs/2012/02/23/foreclosure-resistance-prayer?quicktabs_blog_homepage_tabbed_block=0 |
Carnival Corporation reported net income of $116.3 million ($0.20 Diluted EPS) on revenues of $959.1 million for its fourth quarter ended November 30, 2001, compared to net income of $193.8 million ($0.33 Diluted EPS) on revenues of $850.3 million for the same quarter in 2000. Net income for the year ended November 30,... | not-forward | www.marinelink.com | http://www.marinelink.com/news/article/carnival-s-shares-plummet-40-percent/321969.aspx |
Over the past three months Myer has installed more than 300 shop-in-shops, allowing fashion brands such as Skin and Threads, Seed, and Scotch and Soda and homewares brands such as Nespresso and DeLonghi almost carte blanche to create shopping destinations that attract foot traffic into Myer. | not-forward | www.smh.com.au | https://www.smh.com.au/business/companies/out-with-the-old-myer-turnaround-plan-comes-to-life-20151105-gkr5wf.html |
Perhaps not unexpectedly, on February 25, 2021, a New York bankruptcy court dismissed the involuntary bankruptcy petition brought earlier in the month by three student loan borrowers against Navient Solutions (see our prior post on the borrowers' petition here ). Navient is the student loan servicing arm of Navient Cor... | not-forward | www.mondaq.com | https://www.mondaq.com/unitedstates/insolvencybankruptcy/1042296/navient-case-dismissed-confirming-high-bar-to-involuntary-bankruptcy-petitions |
Aerojet Rocketdyne had struggled with deliveries of its solid rocket motors, which are used to power a number of missiles such as the Javelin anti-armor system, and Stinger and Standard Missile anti-aircraft weapons. Kubasik said that the L3Harris message has been "that our number one priority is to increase the delive... | forward | www.defensedaily.com | https://www.defensedaily.com/l3harris-swings-to-profit-in-third-quarter-aerojet-rocketdyne-deal-lifts-sales/business-financial |
Sirius XM ( SIRI ) shares have plummeted as concerns mount over the fate of the Big Three automakers, but the satellite radio provider's revenue is not as closely tied to Detroit as the market seems to be indicating. Sirius XM shares are trading below 20 cents a share, as investors are pricing in the likelihood that a ... | not-forward | www.thestreet.com | https://www.thestreet.com/technology/sirius-xm-wont-be-caught-in-big-three-pileup-10450090 |
Lowe's, though, could be the big winner here, stepping in as a "stalking horse" bidder and setting the floor for any subsequent bids Orchard Supply may get. It's offered to pay $205 million for the hardware store chain, as well as take over payables for all of its suppliers, just as California's housing market turns on... | forward | www.aol.com | https://www.aol.com/2013/06/17/did-lowes-just-pick-low-hanging-fruit-or-a-bad-app |
"The only reason for our January 2021 move to get a debt recast proposal approved by the NCLT was to ensure that we fully repaid our lenders after we found cash-flow issues since the pandemic; in fact, our problem began after IL&FS went belly-up in October 2018. The problem cropped up because the RBI allowed our borrow... | not-forward | www.bizzbuzz.news | https://www.bizzbuzz.news/industry/kanoria-blames-covid-for-mess-at-srei-group-1103161 |
Bosses are understood to be keen to emphasise that the postal service is at an inflection point as it pushes through a turnaround plan for its struggling letters business. Insiders pointed to the company's strongest Christmas performance in four years, as well as an ongoing review by Ofcom into its regulatory requireme... | forward | www.telegraph.co.uk | https://www.telegraph.co.uk/business/2024/04/19/czech-sphinx-very-serious-bid-royal-mail |
The restructuring charges relate to Equinix's decision to exit leases for excess space adjacent to several of its IBX ® data centers, which it did not intend to build out, or its decision to reverse such restructuring charges. Equinix also excludes impairment charges generally related to certain long-lived assets. The ... | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/24/02/n37139447/equinix-reports-fourth-quarter-and-full-year-2023-results |
In April 2022, IDBI Trusteeship had filed a petition for initiating a corporate insolvency resolution process (CIRP) against Reliance Infrastructure alleging a default of Rs 88.68 crore as of August 28, 2018, plus interest. The default was on payment of 10 invoices raised between 2017 and 2018 by Dhursar Solar Power Pr... | not-forward | www.devdiscourse.com | https://www.devdiscourse.com/article/law-order/3444484-reliance-infra-says-made-full-payment-of-rs-9268-cr-nclt-order-infructuous |
But shares rose by 13.5 per cent, or 33.2p, to close at 280p after chief executive Phil Bentley also said the firm will embark on a "major cost reduction programme" following a strategic review. Mitie is aiming to slash £45m in costs. | forward | www.scotsman.com | https://www.scotsman.com/news/uk-news/city-warms-to-turnaround-plans-at-outsourcer-mitie-1447447 |
The large banks that contributed deposits to First Republic could potentially withdraw some of the funds and take equity stakes instead, said a legal expert who declined to be identified. But the person stressed that deposits cannot be converted into equity. The Wall Street Journal reported on Monday that JPMorgan CEO ... | forward | www.firstpost.com | https://www.firstpost.com/world/us-banking-crisis-first-republic-bank-shares-down-almost-50-per-cent-as-liquidity-fears-keep-investors-wary-12325202.html |
Westpac's higher impairment charges have been driven by changes to economic forecasts linked to the pandemic. These include lower economic growth, higher unemployment, lower investment and a fall in residential and commercial property prices. Westpac is expected to announce its dividend decision next week when it repor... | forward | www.fool.com.au | https://www.fool.com.au/2020/05/01/asx-bank-dividends-in-the-firing-line-as-coronavirus-damage-takes-toll |
Wesfarmers Ltd chief executive Richard Goyder says the sale of assets is not required for the company to focus on its $20 billion Coles business. Mr Goyder said on Sunday the company did not need to sell assets despite this year having to refinance $4 billion of debt accrued from the Coles transaction. "We don't need t... | not-forward | www.smh.com.au | https://www.smh.com.au/business/wesfarmers-rules-out-asset-sales-20080224-1uaz.html |
In the second quarter, Hain Pure Protein net sales were $147 million, a decrease of 7% compared to the prior-year period. We recorded a $54.9 million pre-tax non-cash impairment charge primarily associated with Plainville Farms, our turkey business as well as unfavorable market conditions that continued to negatively i... | not-forward | www.fool.com | https://www.fool.com/earnings/call-transcripts/2019/02/07/hain-celestial-group-inc-hain-q2-2019-earnings-con.aspx |
Adani Enterprises said in a Mumbai stock exchange filing that its Australian Adani Mining subsidiary had booked the impairment charge in the March quarter. The writedowns stem from Adani being forced... | not-forward | www.miningmonthly.com | https://www.miningmonthly.com/international-coal-news/news/1338615/adani-forced-writedowns-carmichael |
In total, the company's remaining real estate, brands, and ancillary businesses may be worth $5 billion or more. But they would probably need to be worth $10 billion for Sears Holdings shares to have any value. Based on the valuations realized for Sears Holdings' asset sales of the past few years, it seems very unlikel... | not-forward | www.foxbusiness.com | https://www.foxbusiness.com/markets/is-there-any-value-left-in-sears-holdings-assets |
The Hong Kong stock exchange gave no reason for the suspension of Evergrande or of shares in its unit Evergrande Property Services Group and it was unclear who initiated the suspension. Evergrande did not immediately respond to a request for comment. | not-forward | www.zeebiz.com | https://www.zeebiz.com/world/news-china-evergrande-trading-halt-spurs-asset-sale-speculation-166748 |
The Company made $19.7 million in scheduled debt payments, $32.5 million of debt payments related to CRJ asset sale transactions, and $4.2 million of finance lease payments in the quarter. Conference Call Details: Mesa Air Group will not host a conference call to discuss fourth quarter and full-year 2023 results. About... | not-forward | www.benzinga.com | https://www.benzinga.com/pressreleases/24/01/g36801615/mesa-air-group-reports-fourth-quarter-and-fiscal-full-year-2023-results |
Polymetal ( LON:POLY ) hit a production record in its latest quarter, but cautioned weak gold and silver prices will mean up to US$340mln of impairment charges. | not-forward | www.proactiveinvestors.co.uk | http://www.proactiveinvestors.co.uk/companies/market_reports/49968/company-snapshot-including-marks-spencer-g4s-europa-oil-gas-caza-oil-gas-gemfields-0000.html |
Cannabis distributor, HEXO Corp (TSX:HEXO) has generated a net loss of C$364.3 million in the last six months. This is a significant loss, when compared to the $17.1 million loss the company reported for the same period in 2018. Much the steep loss is attributable to a single impairment charge. After assessing the Niag... | not-forward | themarketonline.ca | https://themarketonline.ca/hexo-corp-reports-360m-loss-and-needs-capital-2020-03-30 |
MF Global (MF) has been taking a pounding in the last couple days after a huge quarterly loss in its second fiscal quarter 2012. Its GAAP net loss was $191.6 million, or $1.16 per share. Adjusted loss per share was $0.09. Since the quarterly report on October 25, MF share value has dropped about 60% to $1.45 a share as... | not-forward | seekingalpha.com | http://seekingalpha.com/article/303329-mf-global-s-distressed-asset-sales-show-a-brokerage-in-hot-water |
Fortescue chief executive Nev Power conceded the company's rail was already operating at capacity, having shipped 165.4 million tonnes last financial year, but it hoped to create additional capacity through operating efficiencies by the time Extension was in production. The agreement allowed Fortescue a bit of wriggle ... | forward | www.theage.com.au | http://www.theage.com.au/business/mining-and-resources/fortescue-provides-access-for-first-aboriginalowned-iron-ore-mine-20150914-gjm3xb.html |
As per the plea by Torrent, the bidding process for debt-ridden Reliance Capital had concluded on December 21, 2022, in which Torrent emerged as the highest bidder with Rs 8,640 crore. However, a day after the e-auction, Hinduja Group, the promoter of IndusInd Bank, revised its offer from Rs 8,110 crore to Rs 9,000 cro... | not-forward | indialegallive.com | https://indialegallive.com/constitutional-law-news/supreme-court-news/reliance-insolvency-torrent-supreme-court |
"Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms," said Kodak, which reported roughly $500 million in debt. "These conditions raise substantial doubt about Kodak's ... | not-forward | sea.mashable.com | https://sea.mashable.com/tech/39079/kodak-says-its-not-dead-yet |
VW declined to comment. Sources close to the board told Reuters this week the supervisory board was looking at ways to make savings to try to avoid a downgrade in the company's credit ratings, which would lead to higher borrowing costs. They said, however, it was not talking about asset sales, after calls from some ana... | not-forward | www.financialexpress.com | https://www.financialexpress.com/industry/new-volkswagen-chairman-dieter-poetsch-sees-emissions-scandal-as-threat-toviability-paper/145324 |
Adjusted EBITDA is considered a non-GAAP financial measure. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization, non-cash asset impairment charges, acquisition-related expenses, CEO succession costs, non-cash share based compensation and intangible asset amortization expense, as ap... | not-forward | www.businesswire.com | https://www.businesswire.com/news/home/20160321005321/en/Helen-of-Troy-Completes-Acquisition-of-Hydro-Flask® |
"These conditions raise substantial doubt about Kodak's ability to continue as a going concern." Founded in 1888, Kodak established itself as the gold standard in photography in the 20th century, to the point that the phrase "Kodak moment" became an idiom for capturing cherished memories. The company is also known for ... | not-forward | menafn.com | https://menafn.com/1109915667/Kodak-Faces-Another-Crisis-Moment-After-Q2-Loss-As-Debt-Threatens-Survival |
The latest quarter's loss included a goodwill impairment charge of $132 million. The company's total revenue rose to $376.8 million from $343 million. Last month, Pandora Chief Executive Tim Westergren stepped down, signaling a shake up at the company where satellite radio company Sirius XM (SIRI) invested $480 million... | not-forward | fortune.com | http://fortune.com/2017/07/31/pandora-revenue-rises-up |
Bighorn asset sale Encana on Friday announced that it reached an agreement to sell its gas-rich Bighorn assets in northwestern Alberta for about $1.8 billion to privately held Jupiter Resources. The transaction, expected to close by the end of the third quarter, includes roughly 360,000 net acres and working interests ... | forward | www.fool.com | http://www.fool.com/investing/general/2014/06/30/is-encanas-new-strategy-working.aspx |
There are public bankruptcy markets, and they've valuing distressed FTX assets at around 16 cents on the dollar, with individual claims of up to $27 million being sold on bankruptcy marketplace XClaim. | not-forward | www.coindesk.com | https://www.coindesk.com/business/2023/02/20/ftx-bankruptcy-claims-sell-for-20-cents-on-the-dollar-in-private-otc-markets |
The company has regularly assessed any asset impairments or impairment indicators of its legacy assets, and, as a result, any such post-transaction charges would primarily relate to goodwill and intangible assets associated with the Liberty Media transaction. The company expects to complete its analysis of this goodwil... | forward | www.stocktitan.net | https://www.stocktitan.net/news/SIRI/sirius-xm-kicks-off-new-phase-as-an-independent-public-odn9loca6yu2.html |
China's largest property developer, Country Garden, has reported a loss of US$7.1 billion for the first six months of 2023. This has caused investors to worry about a potential debt default, leading to a company's share price decline. Another primary developer, China Evergrande Group, has also been struggling financial... | not-forward | www.tourism-review.com | https://www.tourism-review.com/real-estate-crisis-impacts-tourism-sector-in-china-news13687 |
We know a lot more about Emaar than the other three companies and one of the big fears in the market was that Emaar would be exposed to increased default risk and that it wouldn't be able to objectively assess the deal, said Roy Cherry, SHUAA Capital vice-president for research. | not-forward | www.ibtimes.com | http://www.ibtimes.com/emaar-ends-dubai-holding-merger-talks-debt-fears-weigh-352056 |
In February, BHP reported a dip in profits for the first half of the year, affected by a $2.5 billion impairment charge related to its nickel business in Western Australia and a further $3.2 billion in payments linked to the Samarco dam disaster in Brazil. | not-forward | www.whatjobs.com | https://www.whatjobs.com/news/australia-business-news/bhp-announces-20-percent-cut-in-employee-bonuses |
See reconciliation of the non-GAAP measure at the end of this news release. Following a third-party recoverability assessment, the company recorded a non-cash impairment charge of $50.1 million which reduced the carrying value of certain long-lived assets. Full-year 2022 results AppHarvest achieved our revised guidance... | not-forward | www.globenewswire.com | https://www.globenewswire.com/news-release/2023/03/09/2624580/0/en/AppHarvest-announces-2022-Q4-and-full-year-results-achieving-net-sales-guidance-of-14-6-million.html |
In Dec. 2019, CEO Gordon Johnson of Chicago-based investment firm GLJ Research issued a price target of $0 on Aurora Cannabis ( ACB 1.13% ), the most popular pot stock in the world. According to Johnson's note to clients, Aurora is facing a cash crunch to which it has no answers. Despite having access to $400 million i... | forward | www.fool.com | https://www.fool.com/investing/2020/01/30/is-2020-the-year-of-cannabis-stock-bankruptcies.aspx |
NEW YORK, Oct 7 (Reuters) - Puerto Rico bond insurer Assured Guaranty Ltd said late on Friday it voluntarily withdrew a complaint that challenged the legality of the island's fiscal turnaround plan, citing the devastating impact of Hurricane Maria. The move may temporarily ease Puerto Rico's financial problems as it st... | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/assured-guaranty-pulls-puerto-rico-153059072.html?.tsrc=rss |
The Bush administration paid a price for its decision not to save investment bank Lehman Brothers, which had eight times more assets than CIT. Lehman's collapse helped spark the financial crisis last fall. Asked about CIT, a Treasury Department spokeswoman said in an e-mail that "even during periods of financial stress... | forward | www.businessinsider.com | http://www.businessinsider.com/no-bailout-for-cit-2009-7 |
A good set of numbers for the British Gas owner, or at least some more clarity on the firm's turnaround plans, could be crucial for new Centrica boss Chris O'Shea to keep investors on side. | forward | www.aol.co.uk | https://www.aol.co.uk/news/2020/07/17/investors-look-for-clarity-from-centrica-amid-battle-with-unions |
Furthermore, Plug Power (NASDAQ: PLUG) announced on Tuesday that its fourth-quarter revenue is anticipated to be around $200 million, significantly lower than the $378 million analysts had predicted. The company could also take a non-cash goodwill impairment charge of up to $250 million. It plans to reduce cash spendin... | forward | abbonews.com | https://abbonews.com/business/plug-power-nasdaq-plug-shares-soar-on-1-6-billion-loan-news |
Bank of America (NYSE:BAC), whose shares have similarly been battered in 2011, posted profits that exceed analyst expectations. However, much of the profits came from accounting gains and asset sales. | not-forward | www.ibtimes.com | http://www.ibtimes.com/buoyed-financials-us-stocks-climb-out-hole-324226 |
In court papers, the Ted Baker Group said the bankruptcy filings were necessary due to "liquidity constraints caused in part by negative cash flows and working capital issues as well as the threat of the immediate termination of their key license agreements with ABG. .. [and to] provide the breathing room necessary to ... | not-forward | www.theindustry.fashion | https://www.theindustry.fashion/authentic-remains-committed-to-ted-baker-despite-north-american-closures |
On August 4, 2022, Fidelity National announced that its Chief Financial Officer was going to step down. On this news, the price of Fidelity National stock fell 7.26% to close at $96.57 per share on August 4, 2022. On November 3, 2022, Fidelity National announced disappointing financial results for 3Q 2022 and that prof... | not-forward | www.marketscreener.com | https://www.marketscreener.com/quote/stock/FIDELITY-NATIONAL-INFORMA-12027/news/Fidelity-National-Investors-May-5-2023-Filing-Deadline-in-Securities-Class-Action-ndash-Contact-43233100/ |
Last week, Silvergate informed the SEC that it was evaluating its ability to operate as a going concern, disclosing that it had sold additional debt securities this year at a loss. The company added that further losses mean the bank could be "less than well capitalized." In the most recent quarter, Silvergate experienc... | not-forward | www.benzinga.com | https://www.benzinga.com/markets/cryptocurrency/23/03/31209512/silvergate-suspends-crypto-payments-network-this-is-a-very-bad-sign |
J.C. Penney, which still has about 850 stores, has the second-most debt of any distressed retailer at $4.2 billion, according to Moody's Investor Service. The retailer ranks behind only luxury department store chain Neiman Marcus, which is also reportedly weighing bankruptcy. | not-forward | www.elpasotimes.com | https://www.elpasotimes.com/story/money/2020/04/15/jcp-jc-penney-bankruptcy-coronavirus-covid-19/5135988002 |
General Electric Co. is owed about $32 million for engine-development work done for Aerion Corp., the defunct maker of supersonic jets that's now in liquidation. The industrial giant is the largest creditor of Aerion, which has less than $100 million of unpaid debts, said Joseph Luzinski, who is handling the asset sale... | not-forward | www.bostonglobe.com | https://www.bostonglobe.com/2021/09/07/business/ge-is-owed-32-million-supersonic-jet-maker-aerion-liquidates/ |
In my humble opinion, this is a far better value play than Fortis. TD is both cheaper and has better growth than Fortis does. Banks, in general, are a bit riskier than utilities because loans are always subject to default risk. Indeed, the mortgage debt levels of Canadians are at record highs, so the risk is present to... | forward | www.fool.ca | https://www.fool.ca/2021/11/20/santa-comes-early-the-markets-are-practically-giving-away-these-3-stocks/?source=cts401cs0010001 |
It also will give them access to federal benefits. "It's encouraging," Andrew J. Hatnay, the labor lawyer representing the former Hyndman personnel, told FreightWaves. It also will provide for a potentially more accessible venue for Celadon's Canadian creditors who otherwise face the prospect of pursuing claims in the ... | not-forward | finance.yahoo.com | https://finance.yahoo.com/news/judge-puts-brakes-celadons-hyndman-143038998.html |
Despite steep declines in AMD's client segment over the last year, its pivot to data center and embedded operations has managed to offset losses from the PC market. Additionally, the tech company's long-term growth is partly owed to its strong leadership in CEO Lisa Su, who has led AMD from the brink of a possible bank... | not-forward | www.nasdaq.com | https://www.nasdaq.com/articles/down-over-25-is-amd-stock-a-buy-in-2023 |
ReneSola's results yesterday fell somewhere in the middle. Revenue jumped 11.1% sequentially to $419.3 million and gross margin was up to 8.1%, but net loss was $200.3 million when you include a $194.7 million impairment charge for a polysilicon factory upgrade gone wrong. If we adjust for that, the company's loss was ... | not-forward | www.aol.com | https://www.aol.com/2013/12/06/how-does-renesola-stack-up |
It was a pivotal moment, because it showed that the group's asset origination machine was dislocated. Allco intended to shift assets it was holding on its balance sheet into the fund and swing the proceeds back into Allco. If that had occurred as planned, asset sales or other cash-raising deals may well have been unnec... | not-forward | www.smh.com.au | https://www.smh.com.au/business/allcos-trials-the-canary-in-the-coalmine-20080215-1sj4.html |
Royal Mail is to take its latest pay offer for the UK's 160,000 postmen and women to the Advisory, Conciliation and Arbitration Service (Acas) in an effort to avoid "damaging disruption" to postal services. The offer – which Royal Mail says is 14.5% - is linked to changes already outlined in Royal Mail's turnaround pla... | forward | www.4ni.co.uk | https://www.4ni.co.uk/uk-national-news/18814/royal-mail-urges-union-to-meet-at-acas |
Potential buyers are expected to submit bids at the end of October, said one of the sources. Earlier this year Aramco, similar to Abu Dhabi National Oil Co (ADNOC), used a lease-back agreement to sell a 49 per cent stake of newly formed Aramco Oil Pipelines Co to the buyer and rights to 25 years of tariff payments for ... | forward | cyprus-mail.com | https://cyprus-mail.com/2021/10/11/saudi-aramco-taps-banks-for-12-14-bln-gas-pipeline-loan/?swcfpc=1 |
Meta Platforms (META.O), opens new tab is pressing ahead with efforts to bring in outside partners to help fund the massive infrastructure needed to power artificial intelligence, disclosing plans in a filing on Thursday to offload $2 billion in data center assets as part of that strategy. The strategy reflects a broad... | forward | von.gov.ng | https://von.gov.ng/meta-to-share-ai-infrastructure-costs-via-2-billion-asset-sale |
Airbus' position as the world's dominant planemaker has slipped behind Boeing, and the Toulouse, France-based company is undergoing an ambitious restructuring plan that foresees thousands of job losses and sensitive factory closures. Botched management of the flagship superjumbo program dashed Airbus' hopes of dominati... | forward | www.cnbc.com | https://www.cnbc.com/2007/10/04/will-airbus-ever-recover.html |
Drain said that Sears will weigh Lampert's offer against a proposed liquidation during a Jan. 14 bankruptcy auction. Should Lampert's offer falter again, he will forfeit more than $17 million from his deposit to Sears creditors. Lampert's bid, which recently envisioned keeping open 425 stores and preserving up to 50,00... | forward | www.business-standard.com | https://www.business-standard.com/amp/article/reuters/on-brink-of-demise-sears-to-reconsider-billionaire-chairman-s-bid-119010900050_1.html |
Through that deal, the group's debt was assigned to Doorway and the lender provided a receivables funding facility to the legal services business. The Fairpoint statement added: 'The board believe that this new facility provided by Doorway will enable Simpson Millar and its subsidiaries to continue to trade as going co... | not-forward | www.lawgazette.co.uk | https://www.lawgazette.co.uk/practice/fairpoint-enters-administration-but-simpson-millar-safe/5062377.article |
He recalled that two JI workers had sacrificed their lives for raising the issue of PSM. He added that JI had also held sit-in protest for the institution in past. JI Karachi Chief Hafiz Naeem-ur-Rehman has held the government class responsible for the current deteriorating situation of Pakistan Steel Mills. He said th... | not-forward | www.brecorder.com | https://www.brecorder.com/news/4440655/ji-leader-opposes-attempts-to-privatise-psm-2016100490742 |
PLDT will spend most of its capex for expansion of its LTE and 3G mobile services, as well as its fixed broadband network. It also eyes to fund the installation of its last-mile and customer-premises equipment such as modems and optical network units for the delivery of broadband Internet to its residential customers. ... | forward | newsbytes.ph | https://newsbytes.ph/2019/03/08/pldt-jacks-up-2019-capex-by-p20b-to-fund-lte-broadband-expansion |
One of the company's biggest smartphone suppliers was Taiwan's Compal Electronics, which in March completed a swap that saw it receive 2.9% of LeEco's television unit in exchange for cancelling outstanding debts of about 700 million yuan. In May, sources inside the company said LeEco was planning to lay off nearly half... | forward | www.caixinglobal.com | https://www.caixinglobal.com/2017-06-04/unpaid-leeco-smartphone-partners-protest-outside-company-headquarters-101097873.html |
In November 2021, the RBI superseded the board of Reliance Capital on governance issues and payment defaults by the Anil Dhirubhai Ambani Group company. In February, the NCLT approved IIHL's resolution plan for Reliance Capital. | not-forward | www.thehindubusinessline.com | https://www.thehindubusinessline.com/news/rcap-deal-nclt-tells-hindujas-to-transfer-funds-to-cocs-escrow-account/article68501616.ece |
The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL). Billionaire Kishore Biyani's Future Retail Limited (FRL) said that its actions "cannot be held back" after a Singapore-based arbitration court restrain... | forward | www.newsbytesapp.com | https://www.newsbytesapp.com/news/business/reliance-deal-cannot-be-held-back-future-retail/story |
Yellow Corp. trucks are seen at a YRC Freight terminal Friday, July 28, in Kansas City, Mo. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening the risk for future liquidation. | forward | www.staradvertiser.com | https://www.staradvertiser.com/2023/08/01/breaking-news/what-to-know-as-trucking-company-yellow-heads-to-bankruptcy |
The buyer had $31 million in cash and cash equivalents at the end of the third quarter, but also ended 2016 with long-term debt of over $10.1 billion. The deal comes as companies across the energy sector are beefing up in the permian basin. Targa Resources ( TRGP ) said Monday, Jan. 23, its subsidiary Targa Resources P... | not-forward | www.thestreet.com | https://www.thestreet.com/story/13964651/1/plains-all-american-aacquires-midstream-assets-from-concho.html |
While the feds' restructuring plan assumes public ownership of the "new" GM, Obama's army isn't stupid enough to cling to the ship as it's sucked beneath the waves. Congress is—which is a scary thought. Either way, the clock is ticking, and it's a time bomb. Voters will not put up with this Motown mishegos forever. And... | forward | www.thetruthaboutcars.com | http://www.thetruthaboutcars.com/2009/05/general-motors-death-watch-253-life-during-wartime |
JOHANNESBURG - Partially state-owned Telkom on Friday confirmed that it was in talks to take-over struggling Cell C, which analysts said would likely receive overwhelming shareholder backing, given its potential to boost Telkom's infrastructure. \ Telkom said it planned to acquire Cell C on condition that it finalised ... | forward | www.iol.co.za | https://www.iol.co.za/business-report/companies/telkom-in-talks-to-take-over-cell-c-37379847 |
The store fell into administration last month and is trading as a going concern. Potential bidders include retail turnaround specialist Hilco, which also previously owned a stake in Allders, as well as department store chain Beales. | not-forward | www.independent.co.uk | http://www.independent.co.uk/news/business/news/tillman-ponders-a-rescue-bid-for-allders-department-store-7939654.html |
They've come forward with 20 options across the country. We see this as a footfall driver and want it in our larger stores." The store was debuted as part of the maternity retailer's turnaround plan which Calver kickstarted six months ago. Improving Mothercare's value perception has been a key strand in Calver's plan. ... | forward | www.retail-week.com | https://www.retail-week.com/mothercare/mothercare-to-roll-out-in-store-cafe-format/5043481.article?authent=1 |
WAYNE, N.J. — Centillium Communications Inc.'s new optical business unit is developing chip sets for emerging passive optical networking (PON) applications. | not-forward | www.eetimes.com | https://www.eetimes.com/centillium-plans-double-play-in-passive-optical-net-ics/ |
AIRASIA X Bhd shareholders have agreed to a debt restructuring for the Malaysian low-cost carrier, the company said on Tuesday, allowing it to pursue a scheme seen as key to its survival. Long-distance affiliated shareholders AirAsia Group Bhd approved all resolutions at the extraordinary general meeting of shareholder... | forward | traveltext.id | https://traveltext.id/2021/06/02/airasia-x-malaysia-gets-shareolder-permission-for-restructuring |
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