restructuring

Credit Suisse Group AG Chief Executive Officer Tidjane Thiam Interview

Credit Suisse CEO Will Cut More Jobs As Quarterly Loss is Expected

CEO Tidjane Thiam determine to pursue further restructuring in Credit Suisse. The Swiss bank will cut more 2,000 jobs and cut more of its business.

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NZX 50 Index Constituent Companies

Joyce Phillips quits from ANZ amid business reform

Joyce Phillips, head of Australia & New Zealand Banking Group's wealth management business, is stepping down from the bank after a restructure of wealth business. The restructuring move will reduce the bank's expenses.

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Newest Innovations In Consumer Technology On Display At 2014 International CES

107 Yahoo Employees Received Layoff Notice As Part of The Planned 1,500 Job Cuts

Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.

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GERMANY-FINANCE-DEUTSCHE-BANK

Deutsche Bank Reported €6.8 Billion Loss in 2015 Due to Poor Performance and Litigation Cost

Deutsche Bank AG reported €6.8 billion ($7.2 billion) losses in 2015. As a result, co-CEO John Cryan and Juergen Fitschen announced on Thursday that the management board will not receive bonus.

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Deutsche Bank

Deutsche Bank restructures organizational unit and executive board

In an extraordinary meeting held in October 18, Deutsche Bank's supervisory board supplied a reorganization of leadership and structure. Deutsche Bank announced it is restructuring its organization and executive committees.

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Monsanto

Monsanto to cut 2,600 jobs, buyback shares

As part of its restructuring plan to reduce costs, Monsanto Co has decided to cut 2,600 jobs. The slashing of jobs accounts for 11.6 percent of total employees at Monsanto. With an objective of boosting confidence for investors, Monsanto has taken up share buyback exercise.

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Puerto Rico

Split in hedge funds group over Puerto Rico's restructuring plan

At a time when creditors of crisis-hit Puerto Rico are gearing up for negotiations on restructuring the Island's debt in smaller alliances, the group of hedge funds was believed to be split off. The hedge funds group comprising over 36 firms is holding a debt of $5.2billion of ailing Puerto Rico. According to unconfirmed news, since Puerto Rico governor Alejandro Garcia Padilla said that government's debts were unsustainable, there's surfacing difference of opinion among hedge group members. In the latest development, a group of activists in the Island has started raising voice against the participation of Antonio Weiss in the restructuring plan negotiations as his connections with the Wall Street lead to a conflict of interest.

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Deutsche Bank

Deutsche Bank revamp plan to hit retail hardest - sources

Deutsche Bank's (DBKGn.DE) retail operations will bear the brunt of its planned restructuring and will most likely be spun off in a stock market listing, two sources familiar with internal discussions at Germany's biggest bank said on Saturday.

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1 Malaysia Development Berhad

Malaysia's 1MDB to be dismantled under debt plan - sources

Malaysia's indebted and controversy-ridden state investor 1MDB will be left as a skeletal structure and possibly dissolved under a debt repayment plan in which most of its assets will be sold, sources with direct knowledge of the matter said.

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Puerto Rico and U.S. flags

Puerto Rico set for tougher debt struggle after court ruling

Hopes of an orderly resolution to Puerto Rico's debt crisis suffered a heavy blow after a court voided the island's restructuring law, raising fears it may be heading for a longer, messier debt overhaul.

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BP Plc

BP to spend $1 billion on hundreds of job cuts, restructuring

BP will cut hundreds of jobs across its global oil and gas business by the end of next year in a $1 billion restructuring program announced on Wednesday following steep falls in oil prices.

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Samsung

Samsung Group sells shares in chemical, defense arms for $1.7 billion

South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.

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Hitachi Corp

Japan's Hitachi closes in on Finmeccanica rail assets

Italian industrial conglomerate Finmeccanica (SIFI.MI) said on Tuesday Japan's Hitachi (6501.T) had submitted an offer to buy rail assets it has put on the block as part of plans to cut debt.

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Steel bars at Qingdao, Shandong province

China steel demand shrinks for first time in 14 years as slowdown stings

China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.

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Display of Japan's Toshiba

Toshiba says to cut 900 jobs in PC restructuring

Japan's Toshiba Corp (6502.T) said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions.

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