GE Freezes Pensions to Reduce Deficit, Debt
“Returning GE to a position of strength has required us to make several difficult decisions, and today’s decision to freeze the pension is no exception."
HP to Shed up to 9,000 Jobs in Restructuring
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
Moody’s Deals a Blow to Ford With Credit Downgrade
The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
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.