Latest News for: Asset restructuring

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General insurance companies pull in $25.3 billion in revenue, but higher claims affect profit

Jamaica Observer 18 May 2022
At least one, JN General Insurance (JNGI), said to be the largest industry member by assets, has embarked on restructuring activities ... Asset growth. The FSC indicated that the total assets of general insurance companies were $103.2 billion as at December 2021.
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Service Compression Announces Transformative Growth Capital Investment, Permian Basin Acquisition, and Electric Newbuild Program

Longview News-Journal 18 May 2022
Advisors ... Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm with approximately $15.0 billion in assets under management. Crestline specializes in credit and opportunistic investments, including financing and restructuring solutions for mature private equity funds ... ....
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The week in bankruptcies: Music City Motors LLC

Business Journal 17 May 2022
Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to ...
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Melrose Industries: a British manufacturer that is well-placed for recovery

Moneyweek 17 May 2022
Its primary assets are businesses under the GKN name, which it bought four years ago ... It’s taken large asset writedowns and restructuring costs as a result ... The firm has cash available to return to investors after asset sales last year reduced net debt to £947m, from £2.85bn the ...
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Hard Times in Software Land: The King of Activist Hedge Funds Hits a Rough Patch

LA Weekly 17 May 2022
Yet after a series of asset sales and restructurings, Norton stock is almost flat since then – a period during which the broad stock market is up nearly 50%, even including this year’s correction.
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QuickLogic Reports First Quarter Fiscal 2022 Financial Results

Longview News-Journal 17 May 2022
Accordingly, the Company excludes certain charges related to stock-based compensation, restructuring, the effect of the write-off of long-lived assets and the tax effect on other comprehensive income in calculating non-GAAP (i) loss from operations, (ii) net loss, (iii) net loss per share, and (iv) gross margin percentage ... ASSETS. Current assets..
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Prestigious Band 1 Projects and Infrastructure Team Joins Paul Hastings

Victoria Advocate 16 May 2022
He focuses on finance and development, asset acquisitions and dispositions, and complex work-outs and restructurings of infrastructure assets across the breadth of infrastructure sectors, including power, renewables and sustainable development, and transportation.
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GSE Systems Reports First Quarter 2022 Financial Results

Longview News-Journal 16 May 2022
Restructuring charges ... Amortization of definite-lived intangible assets ... ASSETS. Current assets. ... Total current assets ... References to Adjusted net (loss) income exclude the impact of restructuring charges, stock-based compensation expense, change in fair value of derivative instruments and amortization of intangible assets related to acquisitions.
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State Bank of India rating – Buy: Bank’s placed very well competitively

Financial Express 16 May 2022
With a favourable asset quality cycle, it is ideally placed to deliver healthy loan growth, maintain NIMs and drive a recovery in its RoA/RoE to 0.8%/14% by FY24e ... Downside risks ... Reduction in stressed assets (5.6% of loans vs 6.3% in Q3) led to moderation in credit costs ... Asset quality is performing better even in the restructured/ECLGS loans ... .
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The week in bankruptcies: 60 Salem Turnpike LLC, Broadway Physical Therapy Inc. and 4 more.

Business Journal 16 May 2022
... assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure… .
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ALJ REGIONAL HOLDINGS, INC. ANNOUNCES EARNINGS FOR THE SECOND QUARTER ENDED MARCH 31, 2022

Longview News-Journal 16 May 2022
ALJ defines segment adjusted EBITDA as segment net income (loss) before depreciation and amortization expense, interest expense, litigation loss, recovery of litigation loss, restructuring and cost reduction initiatives, loan amendment expenses, fair value of warrants issued in ...
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Places where citizens can gather, pray, discuss developments shrinking in Hong Kong

Beijing News 16 May 2022
According to 18 pastors and religious experts, Churches have been pushed into censoring themselves and also avoiding appointing the pastors which deemed to have political views, and at least one major church is restructuring itself in case the government freezes its assets, reported The Washington Post.
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ASHFORD SECURITIES SURPASSES $100 MILLION CAPITAL RAISE MILESTONE FOR ITS FIRST INVESTMENT PRODUCT

Longview News-Journal 16 May 2022
the impact of the COVID-19 pandemic ("COVID19"), including one or more possible recurrences of COVID-19 case surges that would cause state and local governments to reinstate travel restrictions and the rate of adoption and efficacy of vaccines to prevent COVID-19, on our business ...
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SpartanNash Files Investor Presentation Highlighting Transformed Board and Management that is Executing Winning Strategy to ...

Cadillac News 16 May 2022
These adjustments may include, among other items, restructuring and asset impairment activity, acquisition and integration costs, severance and organizational realignment costs, and the impact of adjustments to the last-in-first-out (LIFO) inventory reserve ... Restructuring and asset impairment, net ... (Gain) loss on disposal of assets.

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