Wolfspeed (WOLF) shares remained in focus on Friday as the semiconductor company announced plans of shifting its incorporation from North Carolina to Delaware by Sept. 29. The announcement, part of a broader restructuring effort, arrives as the silicon carbide and gallium nitride specialist continues to operate under Chapter 11 bankruptcy protection. More News from Barchart WOLF stock has been losing ground in recent weeks. At the time of writing, its down roughly 60% versus its 1-month high set on Sept ...

Tata Motors Limited (TML) on Friday said that the National Company Law Tribunal (NCLT) has sanctioned its Composite Scheme of Arrangement involving the demerger of its commercial vehicles business and the amalgamation of its passenger vehicles vertical. Most of the restructuring, which has been under consideration for over a year, will take effect from October 1.The company in a stock filing informed cessation of Independent Directors including Hanne Sorensen as a Non-Executive Independent Director from the ...

Starbucks (SBUX) announced plans to close unprofitable locations and cut corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. In a letter posted to its blog and sent to employees on Thursday, Niccol shared that the company plans to eliminate 900 non-retail roles and close open positions as part of a $1 billion restructuring effort. The memo said employees will be notified on Friday, Sept. 26, and will offer "severance and support packages including benefits extensions." "We will c ...

This story was originally published on Automotive Dive. To receive daily news and insights, subscribe to our free daily Automotive Dive newsletter. Nissan Motor Co. is continuing to shake up its global leadership as part of an overall effort to quickly turn around the financially struggling automaker, according to a Sept. 18 press release.   Massimiliano (Max) Messina, vice chairperson and SVP, chief finance, administration and strategy, for Nissan’s Africa, Middle East, India, Europe and Oceania region (A ...

Key TakeawaysOracle (ORCL) is reportedly in advanced discussions with Meta Platforms (META) for a substantial $20 billion AI cloud computing deal, highlighting the escalating demand for artificial intelligence infrastructure.Morningstar DBRS downgraded France's sovereign credit rating to AA from AA (high), shifting its trend to stable from negative, citing concerns over fiscal consolidation and political fragmentation. In contrast, Norway's AAA rating was confirmed with a stable trend.US bank deposits saw a ...

(Bloomberg) -- Anthology Inc. is laying the groundwork for a potential Chapter 11 bankruptcy that would see some secured lenders take control of the troubled education-software provider, according to people familiar with the situation.  The restructuring plan calls for an ad hoc group of lenders — led by Nexus Capital Management — to swap their debt for equity in a reorganized company, said the people, who asked not to be identified discussing a private matter. The Los Angeles-based private equity firm ha ...

公司裁员情况 - 狮门娱乐将裁减5%的全公司员工 涉及约50名员工[1] - 此前已裁员8% 两轮裁员后总裁员比例达13%[1] - 裁员旨在提高运营效率 为公司未来增长定位[2] 行业环境与公司战略调整 - 行业环境面临前所未有的变革和颠覆[3] - 公司已完成狮门与STARZ的分拆 使其成为独立运营实体[3] - 持续剥离非核心资产 将资源重新配置到增长业务领域[3] - 今年工作室已裁员约8% 本次追加5%裁员[4] - 本次裁员基本完成为期一年的公司重组过程[4] 公司核心优势 - 拥有全球最大最具价值的影视内容库之一[5] - 具备优质IP组合和深厚的内容生产渠道[5] - 拥有顶尖的创业型人才团队[5]

(Bloomberg) -- Anthology Inc. is laying the groundwork for a potential Chapter 11 bankruptcy that would see some secured lenders take control of the troubled education-software provider, according to people familiar with the situation.  The restructuring plan calls for an ad hoc group of lenders — led by Nexus Capital Management — to swap their debt for equity in a reorganized company, said the people, who asked not to be identified discussing a private matter. The Los Angeles-based private equity firm ha ...

Shares of Puma SE moved nearly 5 percent higher on Tuesday as speculation grows that its rival Adidas may be setting the stage for a possible takeover. Roy Adams, co-founder of U.S. investment firm Metronuclear, first raised the merger prospect in an interview with German business newspaper Handelsblatt on Friday. “Puma is in a state of emergency,” Adams told the paper. “If management fails to turn things around, a merger with Adidas is the best option.” More from WWD When reached by FN, a spokesperson f ...

PresentationDavid Baxby Good morning, and welcome to all our shareholders who are here in attendance. I believe we've just kicked through 11:00, and my boss has told me we're all ready to go. On behalf of the Board, I'm pleased to welcome you to the Soul Patts Share Scheme Meeting, to be referred going forward to as just the Scheme Meeting. It's a pleasure to have many of you participating in person today, and we welcome all those who are participating online. My name is David Baxby. I'm the lead independen ...