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Malaysian State oil company Petroliam Nasional has started inviting bids for its upstream assets in Africa, which could fetch as much as $3-billion, people with knowledge of the matter said. Petronas is working with an adviser to gauge interest in the portfolio, which includes operations in Chad, according to the people, who asked not to be identified because the information is private. The assets are likely to attract other international energy companies or financial investors, and could be sold piecemeal to different buyers, the people said. The Malaysian firm has also been considering options for its downstream assets in Africa, though it hasn't decided how to proceed, two of the people said. Deliberations are at an early stage and there's no certainty they'll result in a transaction, the people said. Petronas has upstream projects in countries including Chad, Egypt, Gabon, Gambia, Senegal and the Republic of South Sudan, according to its website. The company said in an emailed statement that it "regularly and proactively" reviews its entire portfolio to ensure it remains resilient amid the evolving energy landscape.
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www.engineeringnews.co.za
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https://www.engineeringnews.co.za/article/petronas-explores-3bn-african-upstream-asset-sale-2022-08-24
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The first corporate Starbucks location to unionize was in Buffalo in 2021, led by Starbucks Workers United. As of August 2025, workers at over 600 Starbucks stores across the U.S. have voted to unionize, according to Workers United.
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www.thestreet.com
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https://www.thestreet.com/retail/starbucks-problems-may-be-too-big-to-fix
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According to the Wissink, that could mean the entire industry contracting by as much as 15 percent. This is a less-than-ideal time for such a decline: Mattel has seen its share price fall 8 percent in less than six months, and rumors have begun swirling about a bankruptcy filing. Hasbro, which was discussed as a potential buyer for Mattel, has also seen its share price dip 4.6 percent.
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www.pymnts.com
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https://www.pymnts.com/news/retail/2018/toys-r-us-liquidation-bankruptcy
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Apache first quarter 2015 earnings: May 7 The Denver-based oil-and-gas producer lost $353.7 million in the fourth quarter and also made the Wolfe Research list of likely takeover candidates-but the company said late last month that it will only pursue non-core asset sales rather than a "significant" transaction. Whiting Petroleum ( WLL ) became the largest producer in North Dakota's Williston Basin when it bought Kodiak Oil & Gas last December, assuming $2.2 billion of Kodiak's debt but gaining enough wells to help boost proved reserves 78 percent last year. It also sold $1 billion of common stock and $2 billion in convertible notes last month, which caused its stock to slump as it coincided with the management decision to not find a buyer.
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finance.yahoo.com
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http://finance.yahoo.com/news/7-risk-oil-stocks-may-120000546.html
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Culp's comments went well beyond his January warning that industrial free cash flow, which excludes GE Capital dividends and cash from asset sales, would weaken in 2019. Investors are looking closely at GE's cash because of the gap between cash and earnings.
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www.straitstimes.com
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https://www.straitstimes.com/business/companies-markets/ge-shares-tumble-after-ceo-warns-of-negative-cash-flow-on-continuing
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The Company produces rare earth magnetic materials through its Molycorp Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders, used to manufacture bonded NdFeB permanent rare earth magnets. The Company also markets and sells a line of rare earth-based water treatment products. Molycorp, Inc. Caution Concerning Forward-Looking Statements SAFE HARBOR STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This release contains forward-looking statements that represent Molycorp's beliefs, projections and predictions about future events or Molycorp's future performance.
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www.valuewalk.com
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https://www.valuewalk.com/molycorp-inc-files-restructuring-plan/
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GrowGen's financial results for the second quarter of 2022 were made public on August 4. Due to a decline in industry demand, net sales during this time period fell by 44 percent, to $71.1 million. For the full quarter, comparable store sales dropped by 56.9%. In contrast to a net gain of $6.7 million the year prior, the corporation reported a net loss of $136.4 million. This included an impairment charge of $127.8 million for goodwill and other intangibles. It is significant that the company decided to lower its estimated revenue range for 2022 from $340 to $400 million to $250 to $275 million. In May, GrowGeneration unveiled Drip Hydro, a range of liquid fertilizer blends designed for industrial planters. The business revealed its plans to open a new hydroponic garden facility in Richmond, Virginia, in September.
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marijuanastocks.com
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https://marijuanastocks.com/best-ancillary-marijuana-stocks-for-october-2022
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As Beijing tries to slow Wanda's overseas acquisitions, Chinese banks have been told to stop financing several of those deals, sources familiar with the matter said in a Reuters report Monday. Beijing completed its once-in-five-years National Financial Work Conference this weekend and called for more stringent financial regulation, especially on high debt levels. On Monday, S&P Global Ratings put Dalian Wanda Commercial Properties — the unit selling the tourism properties to Sunac — and Wanda HK on negative watch as a result of the "unexpected asset sale."
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www.cnbc.com
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https://www.cnbc.com/2017/07/19/dalian-wanda-wang-debt-rumors.html
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The company sharply scaled back its earnings forecast for the second quarter and full year, amid troubles for its commercial and consumer finance operations. "Our primary shortfall was a decline in financial services earnings," said GE chairman and chief executive Jeff Immelt. "We knew the first quarter was going to be challenging, but the extraordinary disruption in the capital markets in March affected our ability to complete asset sales and resulted in higher mark-to-market losses and impairments." First-quarter revenues from continuing operations were 42.2 billion US dollars, up eight percent, GE said.
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www.smh.com.au
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https://www.smh.com.au/world/ge-profit-takes-hit-from-economic-market-turmoil-20080412-25mx.html
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Hewlett-Packard has undertaken an ambitions turnaround plan under chief executive Meg Whitman after seeing a decline in traditional business operations such as PC sales, re-focusing on creating enterprise value.
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www.independent.co.uk
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http://www.independent.co.uk/news/business/news/hewlettpackard-to-axe-1124-jobs-in-uk-8983408.html
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G-III Apparel Group, Ltd. GIII shares were also up, gaining 24% to $23.39 after the company reported upbeat Q2 earnings. Equities Trading DOWN Mallinckrodt PLC MNK shares tumbled 37% to $1.64 after Bloomberg reported that the company is exploring options that include a possible bankruptcy filing, ahead of a trial in Cleveland coming up next month. The company has reportedly hired law firm Latham & Watkins and turnaround firm AlixPartners to assist in tackling the legal onslaught. BMO Capital also downgraded the stock from Outperform to Market Perform.
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www.benzinga.com
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https://www.benzinga.com/news/earnings/19/09/14385551/mid-afternoon-market-update-lands-end-surges-on-upbeat-results-mallinckrodt-shares-plummet?mod=mw_quote_news
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In September 2023, Jo-Ann announced it would lay off an unspecified number of administrative employees. [ 33 ] In October 2023, Fitch Ratings and CreditRiskMonitor reported that Joann was nearing a potential Chapter 11 bankruptcy filing. [ 34 ] That month, Joann was handed a delisting notice from Nasdaq as its stock share price fell below $1 per share that stated that if Joann was unable to get its shares up to $1 or above, its stock would be delisted from the Nasdaq. [ 35 ]
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en.wikipedia.org
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https://en.wikipedia.org/wiki/Jo-Ann_Fabrics
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DISH / EchoStar — The ad hoc group of DISH DBS bondholders, advised by Milbank and Lazard, has engaged Elsberg Baker & Maruri for potential litigation involving recent financing transactions and the company stripping value away from bondholders.
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9fin.com
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https://9fin.com/insights/the-default-notice-sponsors-strike
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Eight weeks had made a world of difference. By the time of Boart's first-half results release and presentation on August 26, management was conceding drill rig utilisation rates had pulled back to 50 per cent. Moreover, there would be a $US315million restructuring and impairment charge. The analysts pulled back their forecasts again, even as this once ''big cap'' had well and truly turned small cap.
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www.smh.com.au
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http://www.smh.com.au/business/boart-longyear-living-on-the-edge-20130920-2u43v.html
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Despite AT's successful disposal strategy and good track record, recent market volatility and a weaker German economy are expected to hinder the company's ability to complete about €1.1 billion in previously expected asset sales in 2025. The company is not expected to supplement this shortfall with equity, equity-like instruments, or other measures. As a result, disposal expectations for fiscal year 2025 have been lowered to about €500 million-€700 million, with no disposals anticipated in 2026. GCP has created headroom under S&P Global's downside threshold of 45% for debt-to-debt-plus-equity. As of December 31, 2024, GCP reported an S&P Global Ratings-adjusted debt-to-debt-plus-equity ratio of 43.5%, a significant improvement from 49.3% reported a year earlier. The improvement is primarily due to GCP successfully exchanging its non-called hybrid notes, which led to a reassessment of its equity content from 0% to 50%.
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au.investing.com
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https://au.investing.com/news/stock-market-news/sp-global-downgrades-grand-city-properties-rating-to-bbb-93CH-3808621
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The retailer, which was founded in Scotland in 1961, is the latest retailer to announce cuts, following major job losses at WH Smiths and Dixons Carphone in the past 24 hours.
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www.aol.co.uk
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https://www.aol.co.uk/2020/08/05/mandco-to-shut-47-stores-and-cut-380-jobs-under-restructuring-plan
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Net loss attributable to common shareholders for the quarter was approximately $81 million or $0.34 per diluted share and includes a $153 million goodwill impairment charge related to our Uniti Fiber segment that was driven by an increase in the macro interest rate environment. At Uniti Leasing, we reported segment revenues of $215 million and adjusted EBITDA of $209 million, representing growth of approximately 3% for each in the third quarter of 2023 compared to the prior year period. Accordingly, Uniti Leasing achieved an adjusted EBITDA margin of 97% for the quarter. Turning to Slide 11. Our growth capital investment program continues to provide positive results for Uniti. Over the past nine years, our tenant has invested over $1 billion of tenant capital improvements in our network.
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finance.yahoo.com
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https://finance.yahoo.com/news/uniti-group-inc-nasdaq-unit-153727881.html
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Molson Coors took a $495.2-million US impairment charge in the fourth quarter to reflect a lower value of the brewing giant's core Molson brands in Canada.
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www.cbc.ca
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https://www.cbc.ca/news/business/molson-coors-impairment-charge-1.3982358
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Under Armour trimmed its 2016 outlook after one of its major customers, The Sports Authority, faced bankruptcy as it has been burdened with more than $1 billion of debt. For the second quarter, Under Armour expects impairment charge of nearly $23 million related to The Sports Authority. Previously, the company had estimated sales of $163 million from the sports retailer for 2016. However, now that it has filed for bankruptcy,
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www.zacks.com
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https://www.zacks.com/stock/news/224468/will-under-armour-ua-q2-earnings-disappoint-investors/?art_rec=blog-analyst_blog-up_next-ID01-img-224468
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SHLD stock is down 29% so far this year, and despite the fact that investors cheered Sears' first-quarter results, I'm expecting a bankruptcy filing sometime in the near future.
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investorplace.com
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https://investorplace.com/2017/06/3-reasons-drop-sears-holdings-corp-shld-stock
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In our view, the NCLAT's interpretation of treatment of invocation of corporate guarantees as admissible during the CIRP commencement date but not during the moratorium period, amounts to a critical oversight on the part of NCLAT, by failing to address the Supreme Court's decision in the case of China Development Bank v. Doha Bank Q.P.S.C (2024 SCC OnLine SC 3829), where it was categorically observed that whether the cause of action for invoking a guarantee has arisen or not is not relevant in defining a 'claim'. This judgment implies that an uninvoked guarantee would be admissible as a claim, whereas, as per NCLAT, an actually invoked guarantee during moratorium (where liability has crystallized) would not. This creates an untenable contradiction that requires urgent judicial clarification to establish consistent treatment of contingent liabilities arising from corporate guarantees throughout CIRP.
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www.mondaq.com
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https://www.mondaq.com/india/insolvencybankruptcy/1644604/ibc--nclat-fortnightly-summary-february-1-february-15-2025
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Sterling Investment Partners of Westport is the majority stakeholder of Fairway Group Holdings. "We believe that implementing this prepackaged plan is the best opportunity for Fairway to restructure its balance sheet on an expedited basis, strengthen its operations, retain jobs and create long-term value, while continuing to provide customers with the best food experience in the greater New York area," said Murphy in a May 2 Â public statement. Under the restructuring plan, holders of general unsecured claims, including suppliers, employees, unions and all other trade creditors will receive payment in full and collective bargaining agreements with union entities will remain "in full force and effect."
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westfaironline.com
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https://westfaironline.com/fairfield/fairway-market-files-for-bankruptcy-to-reorganize
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DETROIT — Whether it's a matter of ignorance or greed, people are still buying General Motors stock, even though the company and the government have warned that the shares will someday be worthless. Investors are picking up millions of shares every day, thinking they'll profit from what is really a hodgepodge of outdated factories and a pile of debt left behind when the new General Motors Co. exited bankruptcy court protection. Instead, they could end up losing money very quickly. The price of the shares, currently under $1, has ratcheted up or down as much as 50 cents in one day. On Wednesday, investors bought or sold 12.6 million shares for around 90 cents apiece.
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www.mercurynews.com
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https://www.mercurynews.com/2009/08/20/old-gm-stock-still-trading-briskly
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The court appointed Dinkar T. Venkatasubramanian as the liquidator of Go Airlines, in line with the guidelines issued by the Insolvency and Bankruptcy Board of India (IBBI) in July 2023. Venkatasubramanian will now oversee the liquidation process, which involves selling off the company's assets to settle outstanding debts. Go First's financial creditors include several prominent banks and financial institutions, such as the Central Bank of India, which is owed Rs 1,934 crore, Bank of Baroda with Rs 1,744 crore, and IDBI Bank, which is owed Rs 774 crore. The airline also owes significant amounts to its unsecured creditors, including Rs 90.88 crore to Bombay Burmah Trading Corporation and Rs 1,330 crore to Leila Lands Ltd. In addition, the airline has an outstanding Rs 75 crore in dues to its employees.
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urbanacres.in
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https://urbanacres.in/go-first-airlines-enters-liquidation-after-failing-to-secure-revival-plan
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Asante Gold Corporation has received C$237 million in net proceeds from its equity offering completed on July 7, 2025. The funds were released after the company met all escrow conditions on August 12, 2025, for its private placement of 163.3 million subscription receipts at C$1.45 each. The company has also completed, on the same date, the restructuring of its obligations to Kinross Gold Corporation. This included a cash payment, share issuance, and a secured convertible debenture.
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fmdrc-zambia.com
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https://fmdrc-zambia.com/asante-receives-c237m-from-equity-offering-completes-kinross-debt-restructuring
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Mullen Automotive's 1-for-100 reverse stock split is a critical move to maintain Nasdaq listing compliance. While it doesn't change the company's $184 million market cap, it's a red flag for investors. This drastic measure often indicates financial distress and can lead to further dilution. The stock has plummeted 99.9% over the past year, reflecting severe challenges. Positive aspect : it provides a chance to regain compliance and continue access to capital markets. Negative aspect : it doesn't address underlying financial issues. Investors should scrutinize Mullen's cash position, burn rate and product roadmap before considering it as a viable investment.
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www.stocktitan.net
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https://www.stocktitan.net/news/MULN/mullen-automotive-inc-announces-reverse-stock-split-effective-sept-1l28x826urbw.html
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Evergrande's shares have been suspended from trading since January 29, following the Hong Kong High Court's order to liquidate the world's most indebted developer, with liabilities exceeding US$300 billion. The company had failed to present a concrete restructuring plan more than two years after defaulting on its offshore debt.
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www.scmp.com
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https://www.scmp.com/property/article/3274011/evergrande-shares-remain-suspended-liquidators-see-no-path-restructuring/?module=inline&pgtype=article
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'Throughout this crisis, we have provided exceptional levels of support to our customers, colleagues and the communities we serve.' Ms Rose added. The Natwest Group rebranded from Royal Bank of Scotland (RBS) earlier this month
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www.thisismoney.co.uk
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https://www.thisismoney.co.uk/money/markets/article-8580117/amp/Natwest-Group-reports-huge-losses-impairment-charges.html/?ico=amp_articleRelated_with_images
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"Even so, Azamara remains a strong brand with its own tremendous potential for growth, and Sycamore's track record demonstrates that they will be good stewards of what the Azamara team has built over the past 13 years." In conjunction with the transaction, Azamara Chief Operating Officer Carol Cabezas has been appointed President of the brand. The transaction will result in a one-time, non-cash impairment charge of approximately $170 million. The sale of Azamara is not expected to have a material impact on Royal Caribbean Group's future financial results. Royal Caribbean Group Chief Financial Officer Jason Liberty said the decision to sell Azamara was not driven by the global health crisis, but was something they were exploring for a while. "It allows us to really prioritize our resources, which are not just financial resources -- it's also the minds and time of management," Mr. Liberty told The Wall Street Journal.
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www.royalcaribbeanblog.com
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https://www.royalcaribbeanblog.com/2021/01/19/royal-caribbean-group-sell-azamara-cruise-line-201-million
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But it's Siebel's customers who are really going to win. Unlike PeopleSoft, or any of the other Oracle acquisitions, this was a sale of truly distressed assets. Siebel has been in trouble for a while, and even the arrival of George "I am not an interim CEO" Shaheen earlier this year to take over from short-timer Mike Lawrie couldn't put Humpty-Dumpty back together again.
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www.datamation.com
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https://www.datamation.com/trends/dissecting-oracles-bid-for-siebel
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Story Highlights: It's not yet Halloween, but old ghosts are coming back to haunt. About a month ago (yes, only a month ago, though by now it feels like ages), the US government chose not to save Lehman Brothers from failure—perhaps believing its failure wouldn't cause as much systemic damage to the financial system as other "too big to fail" institutions (dubious, but possible). Ironically, Lehman's failure proved to be a huge test to the financial system, specifically to the $55 trillion credit default swap (CDS) market. (Recall: This is precisely the market many believed sunk AIG in the first place.) CDS contracts are purchased by holders of debt to insure against the event of that debt defaulting. Dealers selling the contracts agree to pay the buyer the face value of the debt security if default occurs.
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www.fisherinvestments.com
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https://www.fisherinvestments.com/en-us/marketminder/ghosts-of-lehmans-debt
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After multiple shocks wiping off billions of euros of market value, Siemens Energy ( Xetra: ENR ) sought to convince investors that the company is on the path to profitability. The company laid out an upbeat message Tuesday during an investor day in Hamburg, a week after announcing asset sales and a government-led package of loan guarantees and cash to shore up its balance sheet. But concerns remain that the company will need to raise more capital going forward to compensate for the staggering losses at its Spanish wind unit, Gamesa. Chief Executive Officer Christian Bruch reiterated the core message from the company's earnings report last week, according to a release at the start of the event. Siemens Energy plans to ramp up its offshore production while it fixes the onshore problems. While the company isn't planning any plant closures currently, it does plan to take efficiency measures at some factories. It sees Gamesa breaking even in 2026.
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www.energyvoice.com
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https://www.energyvoice.com/renewables-energy-transition/wind/541765/siemens-energy-confronts-bruised-investors-seeking-answers"
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Next, it was up to the judges to check the validity of the procedure and the results of voting by creditors. Finally, on July 17, 2020, the Court of Rome published the approval decree of Astaldi's Composition with creditors on a going concern basis. With the approval, Astaldi returns to performing status and, with Webuild's help, the Progetto Italia plan can take another step forward towards its goal of relaunching Italy's construction sector and creating a larger and more competitive company on international markets.
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www.webuildvalue.com
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https://www.webuildvalue.com/en/infrastructure/astaldi-creditor-agreement.html
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Switzerland's second-biggest bank is seeking to recover from a string of scandals that have undermined the confidence of investors and clients. Customer outflows in the fourth quarter rose to more than 110 billion Swiss francs ($120 billion). Al Khudairy said SNB was happy with Credit Suisse's turnaround plan and did not think it would need more money, but also described his bank's investment as an opportunistic one that was not time-dependent. The Saudi bank would exit when proper value to the shares had been acquired, he added. At 1046 GMT, Credit Suisse shares were trading down 20% at 1.7840 Swiss francs "We are happy with the plan, the transformation plan that they have put forward. It is a very strong bank," Al Khudairy said on the sidelines of a conference in Riyadh. "I don't think they will need extra money; if you look at their ratios, they're fine. And they operate under a strong regulatory regime in Switzerland and in other countries."
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au.news.yahoo.com
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https://au.news.yahoo.com/1-credit-suisses-biggest-backer-105713379.html
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One of the measures, the sale of NSW Lotteries, has added $1.1 billion to the bottom line. The 40-year contract to operate Lotteries was awarded to Tatts Group in April and the proceeds have been included in the budget. WSN Environmental Solutions, a major public Sydney-based waste business, is also on track to be sold by the end of 2010. The company has 11 waste recycling processing and disposal facilities across Sydney and is expected to fetch about $300 million. The budget papers also mention the pending but protracted sale of NSW's electricity retail businesses and contract trading rights. The estimated price tag of $6 billion will include the sale of retailers EnergyAustralia, Integral Energy and Country Energy. "The government expects to execute the electricity reform transactions in 2010," the papers say. Revenue from asset sales is not included in the budget until funds are received from the transaction.
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www.smh.com.au
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https://www.smh.com.au/national/nsw/lotto-sale-helps-budget-into-black-20100608-xsjr.html
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In the past two years, J.C. Penney has put a lot of effort into reducing its debt. During the first quarter, J.C. Penney paid off a $220 million debt maturity. This month, it launched a tender offer to retire another $300 million of debt. The company is actively looking at other potential asset sales that could allow it to pay down more debt in the next year or two.
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www.fool.com
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https://www.fool.com/investing/2017/05/18/5-key-highlights-from-jc-penneys-q1-earnings-call.aspx?source=iedfolrf0000001
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"Because of this approach there is an impression among the employees that the employer wants to reduce its personnel without having to pay severance packages," said Pretorius. Another concern was that 74 employees would not be placed in other posts immediately and would temporarily be placed in a so-called retention structure. "These employees will have to refresh their knowledge and skills before they will be considered for re-appointment," said Pretorius. "In addition, they will in all probability have to perform additional tasks at the employer's discretion and the possibility exists that they will be overburdened with work," he said. However, Solidarity was pleased with Exxaro's willingness to consult on the plan. "Solidarity is positive that sensible solutions that are favourable for both parties will be found for the mentioned issues of concern," he said. Exxaro intends to implement the proposed restructuring plan by January 1 next year. - Sapa
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www.iol.co.za
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http://www.iol.co.za/business/companies/union-opposes-exxaro-s-restructuring-1.1692551
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Direct Line Insurance Group Plc, the UK insurer that rejected a takeover attempt by Belgian rival Ageas SA earlier this year, is set to cut about 550 jobs as part of a turnaround plan aimed at saving £50 million ($64 million) next year.
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www.bloomberg.com
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https://www.bloomberg.com/news/articles/2024-11-11/uk-motor-insurer-direct-line-to-cut-550-jobs-in-turnaround-bid
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At the time this article was published Matt Argersinger has no positions in the stocks mentioned above. Paul Chi owns shares of Chesapeake Energy and has the following options: short DEC 2012 $6 puts on SandRidge Energy. The Motley Fool has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2013 $25.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, and long JAN 2014 $30.00 calls on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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www.aol.com
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https://www.aol.com/2012/07/09/are-these-asset-sales-enough
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The Japanese firm said on Tuesday it was gearing up for a $4.5 billion annual operating loss. For both companies, the losses were their biggest on record. Luca de Meo, a former executive with Volkswagen (DE: VOWG_p ) who started work as Renault CEO on July 6, said while the whole auto sector is feeling the effects of COVID-19, Renault was extra vulnerable because of its pre-existing problems. "We were already, I would say, feverish. So for sure it is even harder for us," he told analysts on Thursday. "Today's results will be a disturbing wake up call." The alliance says it has a turnaround plan. It has said it will cut vehicle ranges by a fifth, slash thousands of jobs, and double down on a plan for alliance members to cooperate more closely on car production. IS GLOBAL GOOD? Interviewed by a newspaper in Lebanon where he fled from Japan, Ghosn took his own swipe at his old employers on July 20, calling their results "pathetic" and driven as much by a lack of joint leadership as the COVID-19 pandemic.
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uk.investing.com
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https://uk.investing.com/news/stock-market-news/bad-timing-covid-compounds-woes-of-renaultnissan-alliance-2174480
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Atlas Iron has posted a $114.6 million loss due mainly to costs associated with its sale of some mines and takeover of another resources company. The Western Australia-based iron ore miner's result for the year to June 30 was down from a $168.6 million profit in the previous corresponding period. The result included $48.6 million in loss from impairments on its Balla Balla and Yerecoin magnetite projects in Western Australia, which it agreed to sell in December 2011. There was also $19.8 million in costs related to the integration of FerrAus, which Atlas Iron bought in 2011. Underlying profit in the year to June, which excludes those one-off items, was $72 million, down 59 per cent from $174 million.
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www.smh.com.au
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https://www.smh.com.au/business/atlas-irons-profit-falls-20120827-24v94.html
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Pursuant to the Pembina asset sale, the Company received cash consideration of $42 million (before adjustments), and was issued 2,171,667 common shares of New InPlay ("New InPlay Shares") with a deemed value of $5 million. The New InPlay Shares will commence trading on the Toronto Stock Exchange under the new trading symbol, "IPO", within two to three business days following the date hereof. The net cash proceeds from the Pembina asset sale were used to further reduce outstanding bank debt, including repayment in full of the $12.9 million non-revolving term loan previously outstanding. Concurrent with the closing of the Pembina asset sale, Bellatrix also completed the November semi-annual borrowing base redetermination and the renewal of its syndicated revolving credit facilities (the "Credit Facilities").
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www.newswire.ca
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https://www.newswire.ca/news-releases/bellatrix-announces-closing-of-47-million-non-core-pembina-asset-sale-repayment-of-term-loan-and-credit-facility-renewal-600287011.html
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Shareholders in MTN Zakhele have certainly been made to work for their money. The ham-fisted way in which MTN's second black economic empowerment (BEE) deal was unwound has all the makings of an excellent case study into how to destroy billions of rand of goodwill. The months since the announcement in September, outlining the details of the unwinding process have been a period of nervous uncertainty for the shareholders. At the time, the MTN share was trading at R133, which meant MTN Zakhele shareholders were looking at a possible exit price of about R76 a share. A few months later, when it came to the actual exit, MTN was trading at just R112. This was less than half the level it reached at the end of 2014 before things began to go badly wrong for the company. The BEE shareholders still made a nice profit on the R20 they handed over back in 2010, it just wasn't quite as nice as they had been hoping for. Adding administrative insult to this financial injury was the way in which the ...
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www.businesslive.co.za
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https://www.businesslive.co.za/bd/companies/2017-01-25-company-comment-mtn-drops-the-call-on-empowerment-shares
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Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. The retailer is in the midst a sale process in hopes of finding a buyer that would keep the doors open for both of its major chains, its namesake banner and Buybuy Baby, said the people, who weren't authorized to discuss the matter publicly.
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americafirstreport.com
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https://americafirstreport.com/we-are-witnessing-an-enormous-wave-of-bankruptcies-and-layoffs-during-the-early-stages-of-2023
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Unfortunately, that also means I miss a lot of great shorter-term opportunities, and I did so big-time with BlackBerry Ltd. ( BBRY ) earlier this year. Back in March, BlackBerry showed some signs of life when it posted a narrower-than-expected loss. But sales fell below $1 billion for the first time since 2007 and I remained deeply skeptical of its turnaround plan.
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investorplace.com
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https://investorplace.com/2014/12/mea-culpa-aapl-bbry-mtnoy-vslr-yndx
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Boeing's 737 Max mishaps saw debates between the Democrats and the Republicans, with the latter defending the process for evaluating aircraft. Boeing's chairman then, Dennis Muilenberg, was not in favour of changing the evaluation process in debate as it had helped reduce potential crashes by 95 per cent in the last 20 years. The subsequent months after the second crash in 2019 saw Boeing making changes in the upper management, prompting Muilenberg to step down before Christmas in 2019, and by February 2020, Boeing saw its third CEO taking over in the last five years. The beginning of 2020 saw woes for the aircraft manufacturing giant as they released communications between employees, indicating unhappiness and haste in manufacturing the aircraft. Financially, Boeing lost more than USD 600 Million its first since on an annual basis since 1997. The company was able to secure a USD 13 Billion in financing to avoid a cash crunch. 2
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www.vifindia.org
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https://www.vifindia.org/article/2020/october/28/commercial-aircraft-manufacturing-rivalry-has-begun
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On December 6, 2022, the Company filed a Form 12b-25 with the SEC stating that it would be unable to timely file its Quarterly Report on Form 10-Q for the period ended October 29, 2022, and that there is "substantial doubt" about the Company's ability to continue as a going concern. Daktronics also disclosed that it "also expects to conclude that its disclosure controls and procedures and internal control over financial reporting were not effective as a result of material weaknesses."
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apnews.com
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https://apnews.com/article/business-wire-lawsuits-04fad703f61d410897a58fd3178cfbf2
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It reported an increase of 202 percent in impairment charges to R7.68 billion in its results for the six months to end June 2020. Nedbank said the second wave of the Covid-19 pandemic since December had proved worse than the first wave. The lender added it continued to be vigilant and remained on high alert while observing Covid-19 health protocols. "As a purpose-led organisation, our primary focus remains on ensuring the health and safety of our stakeholders, including staff and clients, and serving and supporting clients in good standing in managing their finances through this difficult period and in so doing providing support to the economy," the group said. Nedbank said it remained resilient and prepared to respond and manage the emerging risks as well as monitoring the impact of lockdown restriction on its clients and the economy as it navigates the challenges of the pandemic. The group welcomed the easing of the lockdown to level 1 on March 1.
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www.iol.co.za
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https://www.iol.co.za/business-report/companies/nedbank-expects-earnings-to-slide-60-as-it-weathers-covid-storm-19e0543e-bff4-4727-be75-6b29ef7cf9f0
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Anticipated sales and profits from Stratasys' 3D printers and related services in 2017 did not match Wall Street's estimations, pushing the company's stock down 9 percent on Thursday. Stratasys, which splits its headquarters between Eden Prairie and Israel, forecast sales between $645 million to $680 million this year. Analysts polled by Zacks Investment Research had hoped the company would return to its 2015 form when it reported sales of $696 million. Comparably, its sales last year weren't as good, falling 3 percent year-over-year to $672.5 million. Easily Stratasys' most drastic improvement in 2016 was in its operating expenses. During the prior year, the company was hit with a $942 million "goodwill impairment charge," leading Stratasys to claim a $1.37 billion loss, or negative $26.64 per share.
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tcbmag.com
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https://tcbmag.com/stratasys-shrinks-losses-in-q4-but-misses-wall-streetas-expectations
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KanawatTH One of the biggest losers so far this week has been Groupon ( NASDAQ: GRPN ). The daily deals and experiences site saw its shares plunge after the company announced a small asset sale plan. Since I first
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seekingalpha.com
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https://seekingalpha.com/article/4640522-groupon-plunge-may-just-be-beginning
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Qualcomm ( QCOM ) is down 60 cents to $34.82 and recent trades include July 34 – 36 call spreads, which traded at $1.06, 1605X, and at $1.05, 1058X, on ISE. More than 4000 traded and ISE data indicate that half are opening buyers. It seems to be either rolling down in strikes or bullish vertical spreads. Implied volatility in QCOM is up about 6 percent to 33.5. A number of tech names, Palm (PALM), Oracle ( ORCL ), and Research In Motion (RIMM), are due to report earnings after the closing bell today.
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seekingalpha.com
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https://seekingalpha.com/article/211758-thursday-options-recap-playing-defense
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For the year ended December 31, 2023, XOMA recorded $15.8 million in impairment charges, as a result of the discontinuation of operations at Bioasis ($1.6 million) and Organon's decision to terminate its License Agreement for ebopiprant ($14.2 million). Other income, net was $1.6 million for the full year of 2023 and $0.3 million for the full year of 2022. The increase in other income, net between periods is primarily due to an increase in investment income.
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www.tipranks.com
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https://www.tipranks.com/news/press-releases/xoma-reports-fourth-quarter-and-full-year-2023-financial-results-and-highlights-recent-and-upcoming-events-expected-to-drive-shareholder-value
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Leveraging Talend data fabric to deliver healthy data and enable advanced analytics through its new data platform, Meralco plans to improve its data insights and drive innovation across the organisation to enhance customer experience and operations further. Meralco is committed to delivering service excellence bringing safe, stable and reliable power to homes, businesses, and vital COVID-19 facilities. To help the company navigate the rapidly changing market conditions, Meralco embarked on its digital transformation journey in 2020 with a reliable data-driven strategy to power customer centricity through data.
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channellife.com.au
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https://channellife.com.au/story/meralco-partners-with-talend-to-enhance-customer-experience
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"We are entering a new level of collaboration with NTT," SAP CEO Christian Klein said. "More than ever, companies see the need to transform their businesses not only within their company walls but also across their networks. Based on our solutions, services and shared focus on customer success, NTT and SAP will help companies around the globe achieve greater resiliency and agility." NTT has selected SAP as its strategic digital transformation partner for its global group of companies.
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www.megabites.com.ph
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https://www.megabites.com.ph/ntt-and-sap-deepen-strategic-global-relationship
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Salesforce is confronted with multiple data integration challenges influenced by broader market forces, such as the increasing complexity of digital transformation, the demand for real-time customer experiences, and the expansion of multi-cloud environments. While tools like MuleSoft connectors and open APIs offer solutions, ongoing innovation and optimization are necessary to ensure Salesforce can continue delivering cohesive, efficient, and secure integrations. As Salesforce evolves, overcoming these technical hurdles will be essential in maintaining its leadership position in the CRM market.
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thecuberesearch.com
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https://thecuberesearch.com/research-note-salesforce-data-integration-challenges
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Amr Talaat, Egypt's Minister of Communications and Information Technology, emphasized that Egypt's digital strategy aligns with the United Nations' Sustainable Development Goals. He stated that providing citizens with access to telecommunications and the internet in the digital age is no longer a luxury but a fundamental right. Talaat highlighted the Egyptian government's efforts to enhance digital infrastructure, including the implementation of a project to extend fiber optic cables across 4,500 villages as part of the "Decent Life" initiative. Additionally, the quality of telecommunications services in these villages is being improved by increasing the number of mobile towers. He noted that these projects are being executed through public-private partnerships to extend fiber optic cables nationwide.
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www.dailynewsegypt.com
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https://www.dailynewsegypt.com/2024/09/04/egypt-shares-digital-transformation-capacity-building-experience-with-indonesia
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"Once again, Capgemini was named a leader in providing global banking application services by the Everest Group," said Kartik Ramakrishnan, Managing Director of Banking and Capital Markets Business Unit for Capgemini's Financial Services. " In banking, it is extremely important to differentiate with high quality design thinking to deliver a superior customer experience while also enabling flexibility, scalability, and higher operational returns. Capgemini strives to be a trusted provider of innovative banking solutions and we are honored by this recognition of our work."
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www.itvoice.in
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https://www.itvoice.in/capgemini-named-a-leader-in-the-2018-application-services-in-global-banking-peak-matrixtmby-everest-group
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The automotive telematics and connectivity platforms, digital cockpit and C-V2X solutions are also fueling emerging automotive industry trends such as the growth of connected vehicles, the transformation of the in-car experience and vehicle electrification. Qualcomm believes it is on track to become the largest smartphone RF front-end supplier by revenues in the near future. With the acquisition of Veoneer, Qualcomm has incorporated Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its ADAS portfolio to deliver an open and competitive platform for automakers to better compete with rivals within the self-driving vehicle market. This, in turn, is likely to augment its automotive business as it strives to boost revenues beyond chipmaking for the smartphone market. The company intends to harness artificial intelligence to meet increased demands for essential products and services that are the building blocks of digital transformation in a cloud economy.
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www.zacks.com
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https://www.zacks.com/stock/news/2147170/qualcomm-qcom-down-on-china-woes-should-investors-worry?cid=CS-MKTWTCH-HL-analyst_blog|price_surge_/_plunge-2147170&mod=mw_quote_news
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In 2021, Medidata will continue to expand on its growing list of supported devices and sensors that includes BioStamp, ActiGraph, and BioIntellisense. This growing library of high fidelity connected devices in combination with Sensor Cloud's analytics will advance researchers' understanding of disease progression and treatment effects in the home, while enhancing the clinical trial experience for patients. Medidata is a wholly owned subsidiary of Dassault Systèmes, which with its 3DEXPERIENCE platform is positioned to lead the digital transformation of life sciences in the age of personalized medicine with the first end-to-end scientific and business platform, from research to commercialization.
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dailycadcam.com
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https://dailycadcam.com/dassaults-company-medidata-launches-sensor-cloud-for-connected-devices-wearable-sensors-in-clinical-trials
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Regarding the integration of AI into the CRM, Salesforce has Einstein Copilot, an assistant integrated into Salesforce applications that is responsible for facilitating the work of a company's employees based on company data. Thus, it is capable, among other things, of writing emails, preparing meetings, automating email responses, managing product catalogs and writing programming code.
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techunwrapped.com
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https://techunwrapped.com/salesforce-innovation-day-madrid-how-to-grow-your-company-with-generative-ai
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By Anshuman Daga and Manolo Serapio Jr SINGAPORE, Jan 22 (Reuters) - Singapore Exchange Ltd, set to report its weakest profit in more than a year after a penny stock scandal hammered trading volumes, is placing a big bet on an increasingly crowded derivatives market. The demise of SGX mini metals contracts, and lower volumes for its iron ore swaps since China launched a competing product, could be a warning sign for its ambitions as major international exchanges muscle into its home turf. The exchange is set to report second-quarter net profit of S$75.2 million ($58.94 million) on Wednesday, down 1.4 percent from a year ago, according to a Reuters poll of eight analysts. Since taking over as CEO four years ago, Magnus Bocker has spearheaded the launch of new financial and commodity derivatives to make Singapore a regional gateway in Asia.
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finance.yahoo.com
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http://finance.yahoo.com/news/stung-penny-stock-scandal-singapore-210000670.html
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Exxon Mobil Corp. ( NYSE: XOM ): Exane BNP Paribas downgraded the energy behemoth to Underperform from Neutral and has a $60 price target. The consensus target is higher at $66.55. The stock rose almost 3% on Friday to close at $62.18.
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247wallst.com
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https://247wallst.com/investing/2021/10/11/mondays-top-analyst-upgrades-and-downgrades-carvana-cloudflare-conoco-exxon-eli-lilly-sofi-starbucks-and-more/?tc=in_content&tpid=970813&tv=link
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After Intel hosted a webinar focused on previewing what the company will do next year when it separates itself into two separate entities, the manufacturing group and the reportable business units, and breaks out its foundry business into a separate line item, Citi analyst Christopher Danely said it appears Intel's manufacturing arm will contain most of the costs associated with the company and have negative operating margins, while the other arm will have the intellectual property, or IP. This will "likely just create a bigger, more complicated problem," contends the analyst, who argues that doubling down on foundry is "the wrong move." The analyst, who thinks Intel should "consider going back to basics" and focus on CPUs for its "best chance to succeed," reiterates a Neutral rating and $29.50 price target on the shares.
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www.tipranks.com
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https://www.tipranks.com/news/the-fly/intel-making-wrong-move-doubling-down-on-foundry-says-citi
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Stifel Nicolaus analyst Jacob Armstrong maintained a Sell rating on Bunzl plc ( BNZL – Research Report ) today and set a price target of p2,975.00.
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markets.businessinsider.com
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https://markets.businessinsider.com/news/stocks/bunzl-plc-sell-rating-justified-by-modest-growth-and-valuation-concerns-1033725022
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NEW YORK ( TheStreet ) -- Christopher & Banks Corporation (NYSE: CBK ) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow. Highlights from the ratings report include: Christopher & Banks Corporation, through its subsidiaries, operates as a retailer of women's apparel in the United States. The company offers women's apparel in sizes four to 16, and petite sizes under the Christopher & Banks brand name; and sizes 14W to 26W under the C.J. Banks brand name. Christopher & Banks has a market cap of $131.4 million and is part of the services sector and retail industry. Shares are down 40.3% year to date as of the close of trading on Thursday.
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www.thestreet.com
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http://www.thestreet.com/story/11271204/1/christopher-banks-corporation-stock-downgraded-cbk.html
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The Chicago Board Options Exchange Volatility Index, which measures the cost of using options as insurance against declines in the S&P 500, soared 46 percent to 46.80, the highest since March 2009. The Morgan Stanley Cyclical Index of 30 stocks tumbled 9 percent. The Dow Jones Transportation Average, which is also a proxy for the economy, retreated 7 percent. Ford sank 8.4 percent to $USUS9.93. Caterpillar decreased 9.2 percent to $USUS82.60. The KBW Bank Index of 24 stocks slumped 11 percent. Bank of America dropped 20 percent, the most in the S&P 500, to $USUS6.53. American International Group Inc., the bailed-out insurer, sued the largest US lender by assets over $USUS10 billion in losses on mortgage-bond investments. 'Double Dip' "The bias that exists, and that is gaining credibility, is that a double dip is ahead of us," said Charles Peabody, an analyst at Portales Partners LLC in New York. "If that's the case, then something like Bank of America is going to have to raise substantial equity externally."
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www.theage.com.au
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https://www.theage.com.au/business/markets/us-stocks-hammered-amid-recession-concerns-20110809-1ijnh.html
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Roth MKM lowered the firm's price target on SolarEdge ( SEDG ) to $12 from $20 and keeps a Neutral rating on the shares. The firm cites the company's "meaningful" Q3 earnings miss while noting that given the uncertainty around the E.U. market, Tesla's ( TSLA ) PowerWall 3 in the U.S., and balance sheet risk, it expects shares to remain challenged, the analyst tells investors in a research note.
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www.tipranks.com
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https://www.tipranks.com/news/the-fly/solaredge-price-target-lowered-to-12-from-20-at-roth-mkm
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Petra Diamonds reported a 2% surge in diamond production, reaching 1.43 million carats for the six months ending December 31, 2023. This growth was fueled by the reopening of its Williamson mine in Tanzania, previously suspended due to a government dispute, and increased contributions from the Finsch mine in South Africa. Additionally, Petra highlighted advancements in development projects at its flagship Cullinan mine in South Africa, investing to prolong mine life and tap into higher-value ore. The company anticipates completing the re-planning and value-engineering work associated with deferred capital projects by July 2024, with forthcoming updates on its anticipated impact on future guidance. Despite facing challenges from a subdued global diamond market amid the ongoing Covid-19 pandemic, leading to a 10% revenue dip to $187.8 million, Petra remains cautiously optimistic.
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www.diamondworld.net
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https://www.diamondworld.net/news/petra-diamonds-reports-stable-production-cautious-outlook-amid-price-recovery
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The fact that there have been no abrdn insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think abrdn insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing abrdn. Case in point: We've spotted 3 warning signs for abrdn you should be aware of.
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finance.yahoo.com
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https://finance.yahoo.com/news/abrdn-plcs-stock-down-4-095148572.html
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The recent insider purchase is heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. Insiders likely see value in Aurinia Pharmaceuticals shares, given these transactions (along with notable insider ownership of the company). So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 2 warning signs for Aurinia Pharmaceuticals and we suggest you have a look.
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simplywall.st
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https://simplywall.st/stocks/us/pharmaceuticals-biotech/nasdaq-auph/aurinia-pharmaceuticals/news/trade-alert-the-independent-chairman-of-the-board-of-aurinia
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Galaxy Resources (GXY) has provided an update to its Mt Cattlin lithium project Mineral Resource and Ore Reserve estimates. The company reports a mineral resource depletion of 2.1 million tonnes from mining operations through 2019 – yielding a new estimate of 14.6 million tonnes at 1.29 per cent lithium oxide. A yield optimisation project was completed in 2019 as part of Galaxy's strategy to increase product quality to meet tightening customer specifications, as battery manufacturers must report the carbon footprint for source materials, and require resources of the highest purity.
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themarketherald.com.au
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https://themarketherald.com.au/galaxy-resources-asxgxy-updates-estimates-for-mt-cattlin-set-to-scale-back-production-2020-03-11/
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Essity has for a number of years resolved on similar cash-based programs, which are described in the company's Annual and Sustainability Report and in the remuneration report approved by the Annual General Meeting 2021. The Board of Directors' assessment is that these programs have worked very well.
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www.prnewswire.co.uk
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https://www.prnewswire.co.uk/news-releases/notice-is-given-to-the-shareholders-of-essity-aktiebolag-publ-reg-no-556325-5511-essity-of-the-annual-general-meeting-to-be-held-on-thursday-24-march-2022-827700144.html
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See the FREE profile for ECYT NOW at Trade-Ideas More details on ECYT: Endocyte, Inc., a biopharmaceutical company, develops targeted therapies for the treatment of cancer and inflammatory diseases. The company uses its proprietary technology to create novel small molecule drug conjugates (SMDCs) and companion imaging diagnostics. Currently there are 6 analysts that rate Endocyte a buy, no analysts rate it a sell, and 1 rates it a hold. The average volume for Endocyte has been 967,400 shares per day over the past 30 days. Endocyte has a market cap of $983.8 million and is part of the health care sector and drugs industry. The stock has a beta of 1.21 and a short float of 16.4% with 1.74 days to cover. Shares are up 135.6% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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www.thestreet.com
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http://www.thestreet.com/story/12558871/1/todays-pre-market-mover-with-heavy-volume-endocyte-ecyt.html
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The primary goal of the iOS 13.4.5 update for the Apple HomePod is to enhance the overall performance of the device. Performance improvements can include a variety of enhancements, such as faster response times, smoother operation, and more efficient use of resources. These improvements ensure that the HomePod continues to deliver high-quality audio and seamless integration with other Apple devices.
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www.geeky-gadgets.com
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https://www.geeky-gadgets.com/apple-homepod-gets-ios-13-4-5-software-update
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This quarter is special for us also for another purpose. Anadolu Efes published its first Integrated Report for the year 2022. We have been publishing our Sustainability Report for over a decade now but this year we transformed our reporting into integrated thinking highlighting how we create value for all our stakeholders around the six capital elements. We have also included our medium and long-term goals and performance indicators for all value areas. We are very excited to be at the very start of a very long journey of integrating our Company's long-term strategy with our sustainability priorities.
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www.marketscreener.com
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https://www.marketscreener.com/quote/stock/ANADOLU-EFES-BIRACILIK-VE-6491715/news/Anadolu-Efes-Biracilik-ve-Malt-Sanayii-Anonim-Sirketi-2-Quarter-2023-Earnings-Release-44554744/
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(3BL Media) June 20, 2012 - Last Friday, Ford released it's 13th annual sustainability report and as follow up, John Viera, Global Director of Sustainability and Vehicle Environmental Matters for Ford, will present a webinar this Thursday, 6/21, at 1:00 p.m. ET, on Ford's sustainability strategy, how it aligns with the company's overarching business goals, and what opportunities and challenges inform Ford's sustainability programs and reporting. WHAT: Ford's 13 th Annual Sustainability Report Webinar ( Ford's 13th annual sustainability report ) John Viera will present a webinar on Ford's sustainability strategy, how it aligns with the company's overarching business goals, and what opportunities and challenges inform Ford's sustainability programs and reporting. John will be joined by BSR, which will provide their insights into reporting trends, and describe what they view as the most important elements of corporate sustainability today.
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www.3blmedia.com
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https://www.3blmedia.com/news/fords-13th-annual-sustainability-report-webinar
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Silgan operates 112 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading worldwide supplier of dispensing and specialty closures for food, beverage, health care, garden, home, personal care, fragrance and beauty products. The Company is also a leading supplier of metal containers in North America and Europe for food and general line products. In addition, the Company is a leading supplier of custom containers for shelf-stable food and personal care products in North America.
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www.businesswire.com
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https://www.businesswire.com/news/home/20221128005731/en/Silgan-Holdings-Announces-Corporate-Governance-Updates
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"New Flyer is very proud to be awarded the bid to build transit buses for Milwaukee. We've come a long way from our first build with MCTS and we continue to be committed to building and strengthening our relationship with them long into the future," said Paul Soubry, New Flyer's President and Chief Executive Officer. "This bus order will be MCTS first experience with New Flyer's 'best in class' Xcelsior model. The Xcelsior delivers improved life cycle savings and a more comfortable transit experience for both the passengers and drivers." "We believe that building a reliable and accessible transit fleet is pivotal to community growth, connecting people to jobs and services, and providing accessibility for persons with disabilities, while reducing traffic congestion and carbon footprint," said Lloyd Grant, Jr., MCTS Managing Director. "We believe that this New Flyer order is aligned with our path to achieving those goals."
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www.newswire.ca
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http://www.newswire.ca/fr/news-releases/new-flyer-awarded-a-contract-for-90-40-foot-xcelsior-buses-by-milwaukee-county-transit-511935221.html
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Colgate-Palmolive was soon to follow. It reportedly achieved 89.5% technically recyclable, reusable, or compostable packaging by the end of 2023, but believes that "industry-wide challenges" associated with flexible packaging will knock it off target to make a full transition by 2025. Much like Schumacher, Colgate-Palmolive chairman, president and CEO Noel Wallace felt that his company "need[s] to work with others towards systemic changes that no company can achieve alone".
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packagingeurope.com
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https://packagingeurope.com/comment/why-are-so-many-brand-owners-set-to-miss-their-packaging-sustainability-targets/11565.article
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The Fund invests in prime money market instruments that meet State Street Global Advisors' ESG criteria. The portfolio construction process is a multi-step method involving fundamental risk budget allocation, optimisation, and ESG assessment. The Fund, which is domiciled in the United States and registered under the Investment Company Act of 1940 (the Act), will have a floating net asset value and will be managed and operated to comply with Rule 2a-7 of the Act. "As appetites for ESG investment opportunities continue to grow, institutional investors need options across all asset classes. There's currently an industry-wide lack of ESG data that is financially material, consistently reported, and comparable across firms; using the R-FactorTM scoring system allows us to address this critical issue by incorporating State Street Global Advisors' expertise," says McCusker.
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institutionalassetmanager.co.uk
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https://institutionalassetmanager.co.uk/state-street-global-advisors-launches-first-esg-money-market-fund
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The Swiss-based miner and commodity trader on Thursday said core earnings were 13% lower at $4.8bn, although better than expected. The fall was cushioned by a strong result at its trading arm, which bought oil at rock-bottom prices in March and April and sold them at a profit as crude recovered. Earnings before interest at the trading, or marketing, arm came in at $2bn, offsetting weaker results from the mining unit which was hit by lower thermal coal prices and coronavirus lockdowns in South Africa and South America. Full year adjusted EBIT guidance was now expected at the top end of Glencore's long-term $2.2bn - $3.2bn range. Net debt rose 12% to $19.7bn in the six months to June 30 as the company borrowed more to buy cheap oil. The company recorded a net loss of $2.6bn after taking a $3.2bn hit from of impairment charges, including $1bn on the value of its Colombian coal assets. Glencore made a net profit of $266m in the same period last year.
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www.sharecast.com
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https://www.sharecast.com/news/news-and-announcements/glencore-scraps-26bn-dividend-to-focus-on-debt-cuts--7599868.html
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With net debt a little above $200 million, it will take some persuading for the banks to support iSoft's plans to restore profitability without requiring asset sales. Fortunately, iSoft has a stand-alone managed services business that should bring in $50-60 million if required. Meanwhile, talk that private equity is circling iSoft is unlikely to lead to a transaction in the near term. Although interest from sector-specialist funds in the US is to be expected, major shareholders including Oceania Capital Partners would never support a bid after the share price has fallen by more than 70 per cent in just six weeks. Instead, shareholders should buckle in for an attempt at an 18-month profit turnaround. Management reckons there is $50 million in costs to be taken out of the business, with a view to rebuilding EBITDA to $100 million in 2012.
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forward
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www.smh.com.au
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https://www.smh.com.au/business/brambles-loaded-down-with-loss-and-pressure-20100713-109h2.html
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Jet Airways stopped operations on April 17 due to acute financial distress. The BSE had sought clarification from Jet Airways Thursday with respect to news that regional director report finds instances of siphoning of funds.
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www.news18.com
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https://www.news18.com/news/business/jet-airways-shares-up-3-on-revival-hopes-2136261.html
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The impressive earnings outlook for PZ Cussons in 2023, therefore reflects the combination of advancing operating profit, interest income boost, and another windfall from the sale of fixed assets.
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forward
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insidebusiness.ng
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https://insidebusiness.ng/196712/asset-sale-interest-income-boost-pz-cussons-earnings-in-2023
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Although it was just weeks before the company was forced to apply to for liquidation, Santander's decision to terminate this facility has featured on the long and varied list of factors Carillion's directors have attempted to blame for its demise. In the letter published today Santander describes the series of events which "undermined Santander's confidence in Carillion's financial position", including "lack of progress with the restructuring plan" that Santander had provided new bridging finance for, and the expected "detailed business and restructuring plans" being further delayed. The bank's "outstanding exposure to Carillion in relation to the invoices purchased from suppliers under the programme is £91 million"—this amount is "separate from Santander's committed exposures to Carillion for which we have taken significant additional bad debt provisions."
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www.credit-connect.co.uk
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https://www.credit-connect.co.uk/commercial-news/carillion-used-suppliers-to-prop-up-failing-business-model
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Steinhoff also owns discount chains Poundland in the United Kingdom and Ackermans in South Africa. Mattress Firm acquired HMK Mattress Holdings LLC, the parent company of competitor Sleepy's, in 2016 for $780 million and then rebranded the shops. Sleepy's had over 1,050 stores on the U.S. East Coast and Illinois. (Reporting by Jessica DiNapoli in New York; Editing by Lisa Shumaker)
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www.aol.com
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https://www.aol.com/article/finance/2018/08/07/mattress-firm-explores-us-bankruptcy-to-close-stores/23497612
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Net debt stood at $10.8 billion, below analysts' consensus estimate of $11.6 billion. Anglo expects this to come down once it starts to receive the proceeds from the nickel and coal asset sales and the 19.9% it still holds in the platinum business Valterra (VALJ.J), opens new tab, formerly Amplats.
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www.reuters.com
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https://www.reuters.com/world/uk/anglo-american-posts-19-billion-loss-first-half-restructuring-continues-2025-07-31
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NEW ALBANY, Ohio, Aug. 17 /PRNewswire-FirstCall/ — Abercrombie & Fitch Co. (NYSE:ANF – News) today reported unaudited results which reflected net income of $19.5 million and net income per diluted share of $0.22 for the thirteen weeks ended July 31, 2010, compared to a net loss of $26.7 million and a net loss per basic and diluted share of $0.30 for the thirteen weeks ended August 1, 2009. Net income for the thirteen weeks ended July 31, 2010 included a non-cash asset impairment charge associated with expected store closures of $0.02 per diluted share. Net loss for the thirteen weeks ended August 1, 2009 included a net loss per basic and diluted share of $0.21 from discontinued operations.
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shop-eat-surf-outdoor.com
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https://shop-eat-surf-outdoor.com/news/2010-08-abercrombie-profit-improves-closing-60-stores/30682
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New Delhi: Punjab National Bank (PNB) managing director Sunil Mehta has said there are "positive developments" in favour of the lender pertaining to bankruptcy case filed in the US by Nirav Modi's firm Firestar Diamond Inc.
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www.livemint.com
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https://www.livemint.com/Companies/rwDKxaT4pK7BCPHRpwik9N/Nirav-Modi-case-PNB-says-developments-in-US-bankruptcy-case.html
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The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment.
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www.outlookbusiness.com
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https://www.outlookbusiness.com/news/nclat-adjourns-hearing-on-idbis-insolvency-plea-against-zee-entertainment-to-dec-6
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The disclosure, reported at the same time Chipotle (CMG) posted a quarterly sales drop for the fourth consecutive quarter, came with a roughly $14.5 million asset impairment charge that weighed on earnings. It also came with a concession that Chipotle said ShopHouse did not demonstrate the ability to support "an attractive unit economic model." "As a result, we have decided not to invest further in developing or growing the ShopHouse brand and will pursue strategic alternatives," Co-CEO and founder Steve Ells told investors. Big restaurant chains have for years tinkered with investments in new and emerging concepts to make a small bet on other cuisines. Chipotle is also backing a fast-casual pizza concept, called Pizzeria Local. Executives stressed that while ShopHouse wasn't a good fit strategically, it would still place bets on newer restaurant brands.
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fortune.com
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http://fortune.com/2016/10/26/chipotle-shophouse-asian-kitchen-investment
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Spanish renewables giant Abengoa, which entered insolvency proceedings last November, has sold its 20% share in the 100MW Shams-1 concentrated solar power (CSP) plant in the United Arab Emirates to Abu Dhabi-based renewable energy company Masdar.
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www.pv-tech.org
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https://www.pv-tech.org/abengoa-sells-share-in-abu-dhabi-csp-plant-to-masdar
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Knight's remarks aren't surprising, as it was long believed that, if a friendly offer failed, it would go directly to USA Truck's shareholders to pressure the board to do a deal. The battle between the two truckload carriers escalated on Thursday after USA Truck issued a statement rebuffing Knight's offer and criticized Knight for presenting its proposal "in a misleading manner." Van Buren, Ark.-based USA Truck said its board reviewed Knight's unsolicited proposal in early September and determined it "substantially undervalued" USA Truck in light of changes made by top management as part of its ongoing multiyear turnaround plan. USA Truck said in its statement that Knight on Sept. 13 rejected its offer to meet and discuss the proposal, informing USA Truck that it saw no need to discuss the matter at that time. Under the proposal, Knight, which already owns 8 percent of USA Truck stock, would pay $9 in cash, or about $95 million, for the remaining shares.
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www.dcvelocity.com
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https://www.dcvelocity.com/articles/26595-knight-looks-ready-to-go-hostile-on-acquisition-of-usa-truck
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The principal bench of NCLT headed by President Justice M M Kumar directed to list the matter on July 24 for next hearing. Earlier in the day, Punj Llyod expressed hope that the insolvency plea against the company by ICICI Bank would not be admitted. The company on Thursday said that ICICI Bank has moved NCLT for its insolvency but 90% of its lenders support the debt restructuring plan under the RBI guidelines.
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www.financialexpress.com
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https://www.financialexpress.com/industry/punj-lloyd-for-insolvency-icici-banks-moves-nclt-sbi-other-lenders-oppose-it-what-you-need-to-know/1207166
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RYK VAN NIEKERK: Yes, there is currently much uncertainty about Sasol. I think the volatility of the share price shows that as well. When do you think an announcement is likely which says, "Listen, this is Sasol 2.0. We have sorted out all the problems, the debt burden is under control, and we can now determine the value of the share price from the company's profitability"?
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www.moneyweb.co.za
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https://www.moneyweb.co.za/news/companies-and-deals/whats-happening-at-sasol
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Automotive company Lordstown Motors RIDE reported its third-quarter financial results after the close Thursday and provided a company update on its timeline. What Happened: Lordstown reported a net loss of $95.8 million in the third quarter and no revenue. The company ended the quarter with $233.8 million in cash. Earlier this week, Lordstown Motors announced an update on its partnership and asset sale with Hon Hai Precision Industry, also known as Foxconn. Lordstown is selling its Lordstown plant in Ohio to Foxconn and will enter into an agreement that will see Foxconn manufacture its Endurance electric pickup truck. The plant will be sold for $230 million with payments made of $100 million in November, $50 million in February 2022, $50 million in April 2022 and an additional $30 million at a later date. Foxconn made a $50 million equity investment in RIDE shares in October at a price of $6.90 per share.
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talkmarkets.com
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https://talkmarkets.com/content/stocks--equities/lordstown-motors-q3-highlights-breaking-down-cash-balance-plant-sale-production-timeline?post=334140
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The chairman and CEO of Credit Suisse in the annual filling said, "2017 was a year of continued transformation for Credit Suisse as we delivered on key strategic objectives and made progress against our plan to achieve profitable and compliant growth."
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finance.yahoo.com
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https://finance.yahoo.com/news/credit-suisse-cs-ceo-apos-130601112.html
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And this augurs well for its returns. A 6% return on tangible equity in 2025 may be reached by Credit Suisse, once it has finalized its restructuring plans. That would imply a market capitalization in 2025 of $26 billion, while SNB's stake would be worth $2.6 billion. All in all, Chair Al Khudairy could almost double his money in three years, for a 24% annualized return. On the other hand, if Credit Suisse's restructuring plans fail, SNB has a fallback option. According to JPMorgan analysts, the bank's local Swiss unit and asset management businesses are together worth $11 billion. This is roughly the same as the parent's current market capitalization. If Credit Suisse had to break itself up, SNB could escape any losses before even factoring in any value for the core wealth management operations, according to Reuters. After a period of scandals, hefty losses, executive turnover, and waning market confidence, Credit Suisse is trying to recover from a near-existential crisis.
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financialmarket.ro
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https://financialmarket.ro/english-section/saudi-national-bank-has-a-tactic-that-may-double-the-value-of-its-credit-suisse-stake
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Freeport-McMoRan Inc.'s bondholders are creating a potential obstacle for a $2 billion asset sale designed to inject cash into the debt-laden commodities producer, according to people with knowledge of the matter. Some of the creditors want more money and greater protection for allowing the sale of oil and gas assets to Anadarko Petroleum Corp. -- a proposal that requires changes to Freeport's existing agreement with the lenders. Freeport, which wants to keep the debt on its own balance sheet even as the assets shift to the buyer, is seeking majority approval from five sets of bondholders who together own $2.3 billion of notes to complete the asset sale.
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www.bloomberg.com
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http://www.bloomberg.com/news/articles/2016-09-27/freeport-s-2-billion-anadarko-sale-said-to-face-lender-dissent
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"I have no doubts that there is going to be a very collegial discussion and, hopefully, at the end of this, we'll come out with some white smoke." Yields Fall Investors are betting a potential financial calamity in the form of Greece being forced out of the euro will be avoided. Greek bonds rose for a third day, sending the yield on the three-year notes down 26 basis points, to 16.8 percent, at 5:25 p.m. in Athens. That compares with a record 128 percent in March 2012. The Athens Stock Exchange benchmark index slid 0.3 percent, paring initial gains. "Hopes for a compromise at today's Eurogroup have been raised," analysts including Nikos Koskoletos at Athens-based Eurobank Equities wrote in a note to clients on Friday. "The key stumbling block remains the clearer language regarding the conclusion of the current program, as demanded by Greece's creditors, and more details regarding the attainment of fiscal targets."
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www.treasuryandrisk.com
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https://www.treasuryandrisk.com/2015/02/20/euro-bloc-turns-up-the-heat-on-greece
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