Tag: restructuring plan

WalMart Cuts Another 450 Jobs At Headquarters

WalMart Cuts Another 450 Jobs At Headquarters

According to multiple media sources, retailing giant WalMart is looking to cinch its belt once again. The Bentonville, Arkansas-based firm is apparently in the process of laying off 450 employees at its headquarters this week. Knowledgeable sources say that the […]

Seagate To Axe 1,050 Jobs Globally

Seagate To Axe 1,050 Jobs Globally

Seagate Technology, the maker of hard disk drives, disclosed that it would eliminate 1,050 jobs or 2% of its global workforce as part of its restructuring plan. The company recently stated its commitment to realign its cost structure with the […]

Coal Miner Walter Energy, Inc. (WLT) Goes Bankrupt

Coal Miner Walter Energy, Inc. (WLT) Goes Bankrupt

Walter Energy is the latest firm to give up the ghost in the beleaguered coal patch. The latest victim of rock-bottom coal prices, natural gas competition, and regulations, Walter Energy Inc., filed for chapter 11 bankruptcy protection on Wednesday. Of […]

Caesars Getting More Support from Pro-Bankruptcy Creditors

Caesars Getting More Support from Pro-Bankruptcy Creditors

Caesars Entertainment is getting more support from pro-bankruptcy creditors after BlackRock sold around $500 million of first-lien bonds. The report indicated that Caesars Entertainment has been discussing with creditors regarding the bankruptcy of Caesars Entertainment Operating Company (CEOC). The casino operator has […]

Enbridge Inc (ENB) Raises Dividend; Stock Soars

Enbridge Inc (ENB) Raises Dividend; Stock Soars

Enbridge Inc (NYSE:ENB) raised its quarterly dividend for its common stock by 33%, and announced a restructuring plan as part of its initiative to enhance value for shareholders. The announcement of Enbridge Inc (NYSE:ENB) drove its stock higher by more than […]