Strong Cash Flow Boosts GE Turnaround Hopes
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."
AIG to Spin Off Life & Retirement Business
The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth
Men’s Wearhouse Owner Files for Bankruptcy
Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
Harley-Davidson U.S. Sales Plunge 27% in Q2
"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
JCPenney Files Chapter 11 Despite Turnaround Gains
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
GE Shares Surge 10% on Strong Q4 Cash Flow
"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."
Bar Louie Files Chapter 11 to Pursue Asset Sale
The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.
P&G Sales Rise 4.6%, Price Hikes Boost Profit
CFO Jon Moeller says the second-quarter results show P&G's turnaround plan is working despite weak sales of baby and feminine care products.
Snap Stock Rally Continues on Strong Q2 Results
“At this point, we must acknowledge the turnaround in [the Snapchat maker's] underlying operating trends," one analyst says.
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."
J.Crew CEO Exits After 16 Months on Job
James Brett reportedly clashed with J.Crew Chairman Mickey Drexler over his strategy for turning around the ailing retailer.