Tag: restructuring

09 DEC

‘H1Z1’ developer Daybreak lays off staff amid restructuring efforts

Unfortunately, Telltale’s effective closure wasn’t the end of tough times for the game industry. H1Z1 and EverQuest developer Daybreak Game Company has confirmed that it’s laying off staff as it’s “optimizing [its] structure” for the future. The company didn’t say how many people were losing their jobs, but former Daybreak president John Smedley had briefly […]

10 NOV

Venezuela seeks the restructuring of its massive foreign debts

Maduro has a cunning plan. Maybe INVESTORS have long seen a default on Venezuelan sovereign debt as a question of when, not if. Its bonds have been priced at levels implying imminent bankruptcy, but somehow the cash-strapped oil exporter has stayed afloat. Until now. On November 2nd Nicolás Maduro, the country’s authoritarian president, announced that he […]

03 SEP

Alphabet finalizes restructuring with a new company called XXVI

Back in 2015, Google announced that it was restructuring its company into multiple parts, with a new giant company called Alphabet to oversee all of Google’s various businesses. The reasoning behind the move was to essentially separate out some of Google’s “Other Bets” projects into their own entities, so that they would be valued separately […]

01 AUG

Under Armour loses money and launches a restructuring plan (UA, UAA)

Under Armour (Reuters) – Sportswear maker Under Armour Inc reported a smaller quarterly loss and launched a restructuring plan that would involve closing facilities and leases and job cuts. The company reported a net loss of $ 12.3 million, or 3 cents per Class A and B share, in the second quarter ended June 30, […]

16 FEB

Google Fiber is restructuring and taking a new direction

Alphabet is making some huge changes to steer Google Fiber in a new, more wireless direction. According to Wired, the corporation has reassigned hundreds of Fiber employees to other parts of the company and those who remained will mostly work in the field. It has also hired broadband veteran Greg McCray as the new CEO […]

07 FEB

Debt restructuring and bankruptcy could be the biggest growth industry of 2017

Reuters/Joshua Lott The US “restructuring industry” – the advisories, law firms, investment banks, lenders, private equity firms, hedge funds, and others that deal with troubled companies when they’re restructuring their debts either in bankruptcy our outside of bankruptcy – had been through some very lean years as the Fed’s easy money and yield-desperate investors were […]