GE Reports ‘Steady Progress,’ CFO Departure
CEO Larry Culp hails Jamie Miller's "many contributions to GE’s significant transformation" but says it was time for a CFO change.
Deutsche Bank Slashing 18K Jobs as Part of Massive Restructuring
Deutsche Bank CEO: "Saying goodbye to Wall Street is absolutely the wrong assessment."
Alarm Firm Monitronics Files Chapter 11 Petition
With a plan to halve debt, Monitronics expects to be "better positioned to succeed in the highly competitive security alarm monitoring industry."
Coty Outlines Restructuring Plan
After a difficult stretch, the cosmetics maker will overhaul its operations and take a $3 billion write-down.
PwC to Restructure U.K. Audit Practice
Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
Ford Cuts 7,000 White Collar Workers to Save $600 Million
The automaker is laying off about 10% of its global salaried workforce as part of its restructuring effort.
Siemens to Spin off Power and Gas Business
"The company is now what [CEO] Joe Kaeser has always wanted it to be ... an integrated concern in which all entities are strategically interlinked.”
GM Posts Earnings Beat, Market Share Slips
The automaker increased sales of pricey pickups by 20% and cut $400 million in costs in Q1, boosting profit despite a 3.4% revenue drop.
‘Disappointing’ Quarter Drives Big 3M Stock Drop
The shares had their worst day in 30 years after the company missed earnings estimates and announced plans to lay off 2,000 workers.
Pier 1 Imports Hires Turnaround Expert as CFO
Deborah Rieger-Paganis says she is "committed to instilling financial discipline across the organization as we work to drive a successful turnaround."
U.K. Lawmakers Urge Full Breakup of Big Four
“The Big Four’s dominance has fostered a precarious market which shuts out challengers and delivers audits which investors and the public cannot rely on."