by October Gallery
LONDON (Reuters) – Consumer goods giant Unilever (ULVR.L) (UNc.AS) said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in…
SEOUL (Reuters) – U.S. activist hedge fund Elliott Management has renewed its pressure on Hyundai Motor Group with a fresh restructuring proposal after forcing the South Korean conglomerate to abandon…
MUNICH/BERLIN (Reuters) – German engineering giant Siemens (SIEGn.DE) said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely…
DUESSELDORF (Reuters) – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week will not be enough to…
(Reuters) – Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some…
(Reuters) – Publisher Fairfax Media (FXJ.AX) said on Wednesday it had agreed with rival News Corp’s (NWSA.O) Australian unit to collaborate on printing newspapers to curb costs. The company’s logo…
DUESSELDORF/FRANKFURT (Reuters) – The chairman of Germany’s Thyssenkrupp (TKAG.DE) has resigned, following the company’s chief executive under pressure from activist shareholders demanding a radical restructuring of the embattled industrial conglomerate.…
(Reuters) – McDonald’s Corp (MCD.N) plans to take $80 million to $90 million in charges during the second quarter from a restructuring at its U.S. operations that includes layoffs. A…
FRANKFURT/DUESSELDORF, Germany (Reuters) – Heinrich Hiesinger’s position as Thyssenkrupp’s CEO is more precarious than it has ever been as he prepares to unveil a new strategy to placate impatient investors,…
HAMBURG (Reuters) – Volkswagen’s (VOWG_p.DE) sports-car brand Porsche has been asked by Germany’s KBA automotive regulator to recall around 60,000 diesel-engined Macan and Cayenne sport-utility vehicles, a KBA spokesman said.…