Google delivers 3Q letdown early, stock plummets (Update 2)
As far as unpleasant surprises go, Google hit Wall Street with a double whammy Thursday.
Business
Oct 18, 2012
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News tagged with restructuring
Consortium prevails over Google for Nortel patents (Update)
(AP) -- A consortium that includes leading smartphone makers Apple and Research In Motion prevailed over Google this week with a $4.5 billion cash bid for about 6,000 patents and patent applications from bankrupt telecom-equipment ...
Business
Jul 1, 2011
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AOL offers buyouts to over a third of work force
(AP) -- The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.
Business
Nov 19, 2009
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Intel to slash up to 12,000 jobs in restructuring (Update)
Intel will cut up to 12,000 jobs worldwide as it seeks to shake up its business to reduce dependence on the slumping personal computer market, the US tech giant said Tuesday.
Business
Apr 19, 2016
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Twitter purging up to 336 workers as new CEO slashes costs
Twitter is laying off up to 336 employees, signaling CEO Jack Dorsey's resolve to slash costs while the company struggles to make money.
Business
Oct 13, 2015
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Viacom announces layoffs, $785M in expenses
Media giant Viacom Inc. on Monday announced a round of layoffs and restructuring that will result in it booking $785 million in special expenses in its recently ended quarter.
Business
Apr 6, 2015
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Microsoft to face many questions from analysts
Amid the largest corporate restructuring in its nearly 40-year history, and what is viewed by many as a risky $7 billion acquisition of Nokia Corp.'s mobile-handset business, Microsoft Corp. meets with Wall Street analysts ...
Business
Sep 23, 2013
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BlackBerry slashes jobs in face of $1B 2Q loss (Update)
It was once so addictive it inspired the nickname "CrackBerry." President Barack Obama confessed to being among the millions of devotees who couldn't bear to stop tapping feverishly away on its tiny keyboard. Madonna once ...
Business
Sep 20, 2013
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Kodak says it has exited bankruptcy
Kodak's trip through bankruptcy is now a memory for the scrapbook.
Business
Sep 3, 2013
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Microsoft tears down walls to open up future
When CEO Steve Ballmer announced Microsoft's most sweeping reorganization in years Thursday, he said it was to make the company faster-paced and more collaborative - all the better to advance his vision of turning the software ...
Business
Jul 16, 2013
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Restructuring
Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Alternate reasons for restructuring include a change of ownership or ownership structure, demerger, or a response to a crisis or major change in the business such as bankruptcy, repositioning, or buyout. Restructuring may also be described as corporate restructuring, debt restructuring and financial restructuring.
In education, Restructuring (education) refers a requirement in the No Child Left Behind act of 2001, which requires schools identified as chronically failing for 5 years or more to undertake rapid changes that affect how the school is led and instruction delivered.
Executives involved in restructuring often hire financial and legal advisors to assist in the transaction details and negotiation. It may also be done by a new CEO hired specifically to make the difficult and controversial decisions required to save or reposition the company. It generally involves financing debt, selling portions of the company to investors, and reorganizing or reducing operations.
The basic nature of restructuring is a zero sum game. Strategic restructuring reduces financial losses, simultaneously reducing tensions between debt and equity holders to facilitate a prompt resolution of a distressed situation.
Steps:
This text uses material from Wikipedia, licensed under CC BY-SA
