corporate restructuring
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Business
Debt exchange Lumen shows company plans ‘against it’ amid investor doubts
Lumen Technologies Inc. is offering a debt swap that one analyst sees as management’s attempt to “fight it” amid growing…
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Business
Salesforce stock soars after Benioff predicts leap to post- layoff earnings
Salesforce Inc. generated better-than-expected adjusted earnings in the fourth quarter, and executives expect a big profit boost this year in…
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Business
Novavax shares drop by a quarter in value as vaccine maker’s business faces ‘significant doubt’
Shares of Novavax Inc. sank in extended trading on Tuesday after the biotech drugmaker posted more than double losses than…
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Business
Morning retailer to close more than half of stores after bankruptcy
Struggling discount home goods retailer Tuesday Morning Corp. will close more than half of its locations nationwide after filing for…
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Business
Bed Bath & Beyond closes bankrupt Canadian stores
The Canadian division of Bed Bath & Beyond Inc. will close its stores under court protection after the company receives…
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Business
J&J can’t use bankruptcy to settle talc-injury lawsuits, appellate court rules
A federal appeals court has rejected Johnson & Johnson’s plan to use a legal strategy to push some 38,000 talc…
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Business
SAP to cut nearly 3,000 jobs, consider selling Qualtrics stake
SAP SE SAP, -0.64% is embarking on a restructuring program that will affect some 2,800 employees as the German business…
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Business
The Party City Profile on Bankruptcy. Why doesn’t the party stop for other retailers.
Pho eat and play With a decades-long meeting coming to an end, the retailer has now filed for bankruptcy protection…
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Business
Cisco layoffs begin with hundreds of job cuts in California and more are expected
Cisco Systems Inc. began laying off previously announced employees, cutting nearly 700 Silicon Valley jobs last month, according to filings…
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Business
Sales force cut 10% of workforce
Sales force said on Wednesday that it would cut about 10% of its workforce under a restructuring plan “to reduce…
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