February 18, 2013 Comments Off on Reader’s Digest parent seeks bankruptcy protection
NEW YORK — The parent company of Reader’s Digest has filed for Chapter 11 bankruptcy protection for the second time in less than four years, saying it needs to cut its debt so it can keep restructuring. RDA Holding Co. ...
Tagged with: Bankruptcy Business business news debt restructuring
Read More »August 21, 2012 Comments Off on Best Buy 2Q profit drops 90 pct, misses estimates
NEW YORK — The news just keeps getting worse at Best Buy each day. To top off an already eventful several days for the nation’s largest consumer electronics retailer, Best Buy Co. withdrew its full-year earnings guidance Tuesday after reporting ...
Tagged with: best buy brian dunn earnings electronics net income restructuring revenue richard schulze sales shares
Read More »May 29, 2012 Comments Off on BlackBerry maker loses another senior executive
TORONTO — Struggling BlackBerry-maker Research In Motion Ltd. said Monday that it is losing another senior executive as its chief legal officer is retiring from the company after 12 years. RIM said that Karima Bawa had been in discussions about ...
Tagged with: android Apple blackberry google iPhone jim balsillie mike lazaridis research in motion restructuring retirement smart-phone software thorsten heins
Read More »May 1, 2012 Comments Off on Donhauser to co-chair local chapter of International Women’s Insolvency and Restructing Confederation
Linda Donhauser, a principal and chairwoman of Miles & Stockbridge PC’s creditor’s rights and bankruptcy practice, will co-chair the newly-restructured Greater Maryland chapter of the International Women’s Insolvency & Restructuring Confederation. She will be joined by Joyce Kuhns, a partner ...
Tagged with: Judges lawyers lenders Miles & Stockbridge P.C. restructuring Saul Ewing LLP
Read More »March 29, 2012 Comments Off on Best Buy to cut costs and close stores
MINNEAPOLIS — In order to grow, Best Buy is shrinking. The largest U.S. specialty electronics retailer for years expanded quickly by opening big-box stores across the country. But shoppers have started using the hulking stores as showrooms where they can ...
Tagged with: amazon best buy brian dunn circuit city costs restructuring revenue smartphones tablets wall street
Read More »January 30, 2012 Comments Off on Gannett 4Q earnings, revenue decline
MCLEAN, Va. — Gannett Co. reported a 33 percent drop in its fourth-quarter net income Monday. The media company, which publishes USA Today and owns a network of broadcast, digital and other publishing properties, said profits were weighed down by ...
Tagged with: factset restructuring revenue USA today
Read More »December 14, 2011 Comments Off on DC’s WTOP Radio restructures newsroom for digital
WASHINGTON — One of the nation’s top-grossing radio stations announced plans Wednesday to reorganize and expand its Washington newsroom to make online news as high a priority as radio and in some cases break news online first. Washington’s WTOP Radio ...
Tagged with: cbs radio digital News online radio restructuring web wtop
Read More »July 29, 2011 Comments Off on Colfax shares surge on 2Q results, outlook
FULTON — Pump and valve maker Colfax Corp. said Friday that its second-quarter profit increased five-fold on easy comparisons to last year’s second quarter, which was weighed down by restructuring charges and litigation expenses. The adjusted results beat Wall Street ...
Tagged with: colfax corp litigation maryland profit pump restructuring revenue second quarter shares
Read More »January 5, 2011 Comments Off on BJs cuts almost 500 jobs, names new CFO
BJ’s Wholesale Club, a potential takeover target, will shave hundreds of jobs and close five stores by the end of the month. The nation’s third-largest warehouse club also said Wednesday that its chief financial officer is retiring. Three stores in ...
Tagged with: CFO cuts headquarters jobs massachusetts restructuring wholesale
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