[ad_1] April 3 (Reuters) – Cineworld (CINE.L) said on Monday it would no longer put up for sale its U.S., UK and Ireland businesses as the movie chain operator failed…
Tag: REORG
Thyssenkrupp’s restructuring plan has ‘failed’, labour bosses say
[ad_1] FRANKFURT/DUESSELDORF, March 31 (Reuters) – German industrial group Thyssenkrupp’s (TKAG.DE) powerful labour representatives lashed out at leadership on Friday, demanding a strategic roadmap while saying that CEO Martina Merz’s…
Investor Elliott wants GSK leadership settled before split
[ad_1] Elliott says decisions to be made on leadership Criticises GSK performance in open letter In response, GSK says addressing ‘legacy issues’ LONDON, July 1 (Reuters) – Activist investor Elliott…
Alibaba restructuring to enhance decision-making, CEO says
[ad_1] SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group’s (9988.HK) restructuring will allow all its business units to become more agile and enhance faster decision-making and responses to market changes,…
Ermotti returns to UBS to steer Credit Suisse takeover
[ad_1] ZURICH, March 29 (Reuters) – UBS Group AG (UBSG.S) has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse (CSGN.S) – a surprise move…
Alibaba’s breakup lifts hopes China’s regulatory winter is thawing
[ad_1] March 29 (Reuters) – Investors cheered a major revamp of Alibaba Group (9988.HK) as a sign Beijing’s crackdown on the corporate sector was nearing an end, sending shares of…
Nestle to examine banking relationships following Credit Suisse downfall
[ad_1] ZURICH, March 28 (Reuters) – Nestle (NESN.S) will examine its banking relationships following the planned takeover of Credit Suisse (CSGN.S) by UBS (UBSG.S), the food group’s Chief Executive Mark…
Alibaba to break up empire into six units as Jack Ma returns to China
[ad_1] SHANGHAI, March 28 (Reuters) – Alibaba Group (9988.HK) plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a…
“We did not buy Credit Suisse only to close it” – UBS CEO
[ad_1] ZURICH, March 27 (Reuters) – UBS’s (UBSG.S) CEO Ralph Hamers on Monday said the Swiss bank sees its government-orchestrated takeover of Credit Suisse (CSGN.S) as a growth opportunity, in…
U.S. backstops Silicon Valley Bank’s sale to First Citizens
[ad_1] First Citizens scoops up SVB for up to $500 mln in stock SVB was the largest bank collapse since 2008 Continued banking sector stress fans fear of credit crunch…