Fitch estimates AMD's post-reorganization ABL would be fully drawn at reorganization, given still sizeable receivables, inventory and PP&E.
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To arrive at a reorganization value, Fitch assumes a 5x reorganization multiple and applies it to an estimate for post-restructuring operating EBITDA of $300 million.
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Gorman said in her second-quarter earnings remarks that she was finished with the sales team reorganization in the U.S., crediting one successful campaign with that reorganization.
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Reorganization: Kraninger defended Mulvaney's reorganization of the CFPB, which removed fair lending enforcement from a specialized office and placed it under the purview of the director's office.
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According to its website, the agency aims to "promote the integration and reorganization of various resources, capital and assets" and "actively participate in the reorganization and adjustment" of state-owned assets and enterprises.
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The reorganization plan faces tough odds in Congress, where even aside from the dispute over work requirements, any reorganization faces opposition from congressional committees that could lose power if their jurisdictions change. Sen.
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But large banks can generally continue to function in reorganization.
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Caesars has pledged $4 billion to a CEOC reorganization plan.
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Included in the reorganization are the executives behind Microsoft 365.
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That is where the reorganization of the city must begin.
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In the 1700s, a reorganization began taking place across Europe.
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But our species is made to accomplish miracles of reorganization.
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Since the reorganization was announced, JBS had risen 43 percent.
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"There's speculation he plans a major government reorganization," Bennett said.
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After the reorganization, some employees chose to leave the company.
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SunEdison said the new funding was necessary for the reorganization.
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He left Hulu last summer as part of a reorganization.
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Indeed, Congress needs to weigh in on any such reorganization.
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Bondholders who agree to the reorganization from Monday through Aug.
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Under the reorganization plan, inked two days before the Feb.
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Such a reorganization could itself cause upheaval in the government.
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The company's American operations are not part of the reorganization.
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The company filed for Chapter 11 reorganization in January 2012.
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The last thing we need right now is a reorganization.
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Putin, therefore, had to solve numerous problems with his reorganization.
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CNN, another unit of Turner, is untouched in the reorganization.
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He said the firing was part of a broader reorganization.
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Mr. Tillerson has said the reorganization is his highest priority.
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The limit, which Oi included in a reorganization proposal on Sept.
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After Google's reorganization, Page became CEO of Google's parent company, Alphabet.
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The State Department spokesman declined comment on criticism of the reorganization.
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The sanitation commissioner, Kathryn Garcia, deserves praise for leading the reorganization.
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The reorganization is Banco do Brasil's most ambitious in two decades.
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A hearing to confirm Abeinsa's reorganization is set for Dec. 6.
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The reorganization that we announced last week does not impact this.
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"Seeing this reorganization in somewhere so fundamental is remarkable," she said.
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Clapper carried out his own disruptive DIA reorganization in the 1990s.
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"I'm not convinced that a massive reorganization is appropriate," Miller said.
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The reorganization is being called NSA21 and was publicly disclosed today.
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At this stage the details of the reorganization are not finalized.
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"We want the reorganization to be bipartisan," he told The Post.
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"The problem for Arch is not only debt reorganization," he said.
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The company also announced a reorganization of the company's reporting units.
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But the financial reorganization has been compounded by other legal troubles.
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The reorganization is supposed to focus more resources on digital content.
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Chapter 11Large business debtors have two bankruptcy options: liquidation or reorganization.
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This kind of reorganization is challenging, as bureaucracies always resist change.
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Normally, equity holders get little to nothing in a bankruptcy reorganization.
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Microsoft rose 2.1 percent after the company announced a major reorganization.
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The reorganization will "enhance international broadcasting capacity," according to the plan.
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This interpretation is supported by the recent reorganization of government agencies.
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It is this reorganization that critics have misconstrued or intentionally misrepresented.
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|
Karlie Kloss saw the reorganization as an opportunity for a competition.
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|
Microsoft performed the largest sales reorganization in its history last year.
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|
Entertainment, amid a broader reorganization of WarnerMedia, which also owns CNN.
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Investors need to accept or reject a reorganization proposal by today.
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|
Mr. Maris left GV amid a sweeping corporate reorganization at Google.
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This reorganization could result in a change of positions or functions.
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|
It's unclear whether Pompeo wants to continue with Tillerson's reorganization plan.
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|
The city said it was part of a reorganization at DCAS.
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|
A reorganization of the robots group is one of several recent moves inside the X division, which used to be called Google X but was rebranded with the Alphabet reorganization and recently unveiled a new logo.
|
|
In contrast, a Chapter 11 reorganization allows a debtor to sell some or all of its assets or propose a reorganization plan that aims to resolve and satisfy enough creditors to re-emerge as a going concern.
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|
"Discussing reorganization shouldn't be out of the question," she asserted Wednesday night.
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|
The new copublisher announced a reorganization that promoted Berganza to executive editor.
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|
After the reorganization, Brin became president of Alphabet, Google's new parent company.
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|
Harris' South Carolina operation will be unaffected by the reorganization, Rodriguez wrote.
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|
The company's adjusted earnings exclude certain reorganization costs, taxes and other items.
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|
The reorganization could include centralization at either the SEC or FINRA. 2.
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The change comes as part of a larger reorganization announced by WarnerMedia.
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UNICREDIT CORPORATE REORGANIZATION AIMS TO LESSEN BANK'S ITALIAN IDENTITY, IMPROVE FUNDING - SOURCE
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|
Microsoft announced a significant reorganization of its Windows business back in March.
|
|
Reuters reported on Monday the option for an out-of-court reorganization.
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|
Big reorganization is about to go down in your life, dear Capricorn.
|
|
Ford previously said the reorganization would result in $11 billion in charges.
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|
Aeropostale, for example, shuttered nearly 600 stores in its reorganization last year.
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|
The carrier's in-court reorganization remains Latin America's biggest ever to date.
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|
The reorganization also saw Systrom start reporting to Facebook CPO Chris Cox.
|
|
The company's plan of reorganization forecasts declining production and assets through 2021.
|
|
But the reorganization of the NSC also casts Flynn's position into doubt.
|
|
The Hill was first to report on the planned reorganization in February.
|
|
The proposed reorganization also did not distribute benefit cuts equitably, he said.
|
|
The Stockton diocese received court approval for its bankruptcy reorganization in January.
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|
The last time the American military underwent a significant reorganization was 1947.
|
|
BuzzFeed has framed the reorganization as an investment in the news division.
|
|
Verily became its own company shortly after Google announced the Alphabet reorganization.
|
|
He's even failed to include Western governors on the department's reorganization plans.
|
|
Peabody Energy * Receives approval to seek creditor votes on reorganization plan - u.s.
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|
Comscore recently turned over a new leaf and made a major reorganization.
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|
Schaeffler anticipates the reorganization will take up to two years to implement.
|
|
First will come a reorganization of what is where in the building.
|
|
Government data shows that the reorganization coincided with a halt in approvals.
|
|
It is unclear to what extent Pompeo would continue Tillerson's reorganization effort.
|
|
But its use in a corporate reorganization is a bit more confused.
|
|
On Friday California Governor Gavin Newsom rejected the company's bankruptcy reorganization plan.
|
|
PG&E's (PCG) bankruptcy reorganization plan has been rejected by California Gov.
|
|
On June 12, 2018, Musk tweeted that a Tesla reorganization is underway.
|
|
I got a hundred of-- no, it was actually during the reorganization.
|
|
This reorganization could also affect the prioritization of elder-care related features.
|
|
A university reorganization later prompted Mr. Li to stop his formal studies.
|
|
Upon the closing of the reorganization, holders of the preferred shares of the target fund received, for each preferred share held immediately prior to the reorganization, one preferred share of the same type having substantially the same terms.
|
|
In court papers, bondholder Douglas May objected to Breitburn's reorganization plan, saying the process had been tainted by a "misbehaving fiduciary" and called on the court to determine the company's fiduciary status before confirming its Chapter 11 reorganization.
|
|
This yeast project is a rewriting and reorganization of the whole genetic book.
|
|
Last month, it announced a reorganization that includes leadership changes and job losses.
|
|
The reorganization plan also includes a big stock bonus for Peabody's top management.
|
|
News of a reorganization was first reported by the Puget Sound Business Journal.
|
|
If reorganization seems imminent, Klein recommends asking HR what the standard severance is.
|
|
Abeinsa's reorganization, for example, hinges on a $20 million contribution from the parent.
|
|
Egbert said he believes Snap gave cautious guidance due to the company's reorganization.
|
|
It gives the heads of agencies 180 days to submit a reorganization plan.
|
|
The restructuring support agreement will serve as the basis for a reorganization plan.
|
|
A staff reorganization at the Elysee presidential palace is expected in the fall.
|
|
It enacted the largest reorganization of the financial industry since the Great Depression.
|
|
Kobayakawa said the reorganization will not be possible without a finding a partner.
|
|
This reorganization makes Microsoft even more focused on cloud services across the board.
|
|
It also recommended the reorganization of the Vatican's media operations, which has begun.
|
|
The reorganization will leave AT&T executives in charge of the combined company.
|
|
Mr. Perrault's task, the reorganization and design of the interiors, was less straightforward.
|
|
Reorganization could help get rid of those problems or just create new ones.
|
|
Greyhound emerged from bankruptcy reorganization and Frank Schmeider was named its new CEO.
|
|
Is this the beginning of a new era or just an administrative reorganization?
|
|
It requires another major reorganization of a huge part of the U.S. economy.
|
|
The specifics of the reorganization of T.S.A. agents were first reported by CNN.
|
|
NEW YORK An article on April 18 about a major reorganization of Gov.
|
|
The Activision Blizzard reorganization was announced in conjunction with the company's latest earnings.
|
|
Facebook told employees about the reorganization in an internal companywide memo on Tuesday.
|
|
But Facebook's reorganization has been complicated by the public outcry against the company.
|
|
The first, in 1965-66, came after a reorganization to increase nonpermanent representation.
|
|
In a subsequent major Random House reorganization, he acquired the Doubleday Group itself.
|
|
The retirements are part of a reorganization of the bank's risk management functions.
|
|
The reorganization into a holding company was in part intended to address that.
|
|
However, certain key aspects of the reorganization have not stood up to scrutiny.
|
|
That number is now in the single digits, partly because of corporate reorganization.
|
|
All reforms, reorganization, and funding should follow the wise advise advice of Sen.
|
|
Microsoft formed the Azure AI group during a company wide reorganization last year.
|
|
As part of a reorganization, I'm supposed to move into a new role.
|
|
Out of this tumult of class reorganization came a Jewish American mass culture.
|
|
After his retirement, Bishop worked as a consultant on a CIA reorganization initiative.
|
|
PG&E said in court papers on Friday it has debt financing commitments of $34.35 billion for a planned Chapter 11 bankruptcy reorganization, countering a group of noteholders that has proposed its own reorganization plan for the California power producer.
|
|
"DHS at this point and the secretary need to put their weight behind the reorganization like they put their weight behind other issues," Norton said, noting that the reorganization should be aligned with the budget for the next fiscal year.
|
|
Thursday to discuss a "consensual bankruptcy reorganization plan" between the survivors and the archdiocese.
|
|
PG&E also said it would file for voluntary bankruptcy reorganization later this month.
|
|
Jha was actually the one who notified Microsoft employees about the reorganization this week.
|
|
The reorganization was also aimed at eliminating duplication and making the staff more efficient.
|
|
And what I'm going to talk about is the government reorganization very, very briefly.
|
|
As a result, a timely reorganization is now considered a "political task," they said.
|
|
The plan calls for a "major reorganization" of the 27 NIH institutes and centers.
|
|
We're here and appreciate your patience while we work through a backlog and reorganization.
|
|
The dispute went into mediation and eventually formed the basis for the reorganization plan.
|
|
"I think you have a picture here of a potentially seismic reorganization," Muro said.
|
|
That would cost Peabody $1 billion in revenue and could unravel its reorganization plan.
|
|
Repsol declined to comment on the exact number of people affected by the reorganization.
|
|
The bank received land and other assets in Louisiana as part of the reorganization.
|
|
Vivendi has criticized the planned reorganization - that will be put before shareholders on Sept.
|
|
When conversations about the reorganization began, the Instagram founders pushed to bring in Mosseri.
|
|
" The historian Barry Karl proclaimed that the reorganization was the "American alternative to revolution.
|
|
Canseco made the proposal on Twitter, saying he already had a reorganization plan prepared.
|
|
Psychedelics can switch things in the brain around, in what amounts to a reorganization
|
|
The Sanders plan would require a huge reorganization of the country's health care system.
|
|
" She called Republican reorganization efforts "attempts fostered by big banks to cripple an agency.
|
|
On the first-quarter call, CEO Elon Musk also promised a "reorganization" this month.
|
|
To participate in the private offering, Peabody required creditors to support the reorganization plan.
|
|
ICE was created as part of the reorganization of homeland security after 9/11.
|
|
Credit Suisse is in the middle of reorganization under its chief executive, Tidjane Thiam.
|
|
The paper said the reorganization would better align the company with its cloud business.
|
|
The following summer, there was a reorganization and the male colleague became my subordinate.
|
|
In 1971, Congress finally included its break in the Legislative Reorganization Act of 1970.
|
|
Both stocks are up 3.5 percent since Reuters reported Vale's reorganization plan in January.
|
|
Hitachi is rare among big Japanese corporations for the active reorganization of its businesses.
|
|
Some firefighters viewed the reorganization as representing a potential loss of prestige and benefits.
|
|
If and when a crisis arises, how much this reorganization matters will become clearer.
|
|
"The corporation makes it easy," said Patrick O'Keefe, a business reorganization and turnaround expert.
|
|
A hearing to approve Peabody's reorganization will be held in St. Louis on Thursday.
|
|
The reorganization, completed last October, put a new focus on digital and cybersecurity efforts.
|
|
"To consider reorganization, I think it's something we need to look at," he added.
|
|
There is widespread agreement within the department that some kind of reorganization is needed.
|
|
Mr. Tillerson, an engineer, described the careful process he was undertaking for his reorganization.
|
|
A broken washing machine resulted in the decluttering and reorganization of the laundry room.
|
|
The C.I.A. director, Mike Pompeo, is not mentioned at all in the reorganization order.
|
|
However, the agreement also binds the wildfire victims to support the company's reorganization plan.
|
|
It will set aside $8.95 million for victims in a reorganization of diocese's finances.
|
|
PG&E (PCG) – The utility's bankruptcy reorganization plan has been rejected by California Gov.
|
|
To reach reorganization goals in 2021, Eletrobras would have to fire additional 400 employees.
|
|
As part of last week's reorganization, Jiandani had been put in charge of Insieme.
|
|
More recent filings seeking reorganization include those by Sears, Pacific Gas and Electric Company, and Toys R Us.Once a Chapter 11 plan of reorganization is finalized and approved, a debtor emerges from bankruptcy and continues operating, usually in a stronger position than before.
|
|
Then, it won't feel like a destruction of a family but more so a reorganization.
|
|
Tim Ziemer, left the Trump administration amid a reorganization by National Security Adviser John Bolton.
|
|
The company is also examining a possible reorganization that may reduce executive positions, Efromovich said.
|
|
Those claims, the company said, should have been handled as part of its bankruptcy reorganization.
|
|
Both were established as part of the Trump administration's reorganization of the military's space operations.
|
|
The company's modular phone, Project Ara, was scrapped, and smart home unit Nest underwent reorganization.
|
|
Alphabet's pressured internet-of-things company Nest will undergo a reorganization, Fortune reported on Tuesday.
|
|
Snap executives hope the reorganization will lead to more conversations between close groups of friends.
|
|
The reorganization was devised before a new Brazilian government swapped the senior management of BNDES.
|
|
Microsoft notified employees on Wednesday of a big reorganization affecting its Windows and devices businesses.
|
|
The story of that is deeply embedded with McKinsey's reorganization, beginning in the early 219s.
|
|
Stankey's reorganization of WarnerMedia resulted last week in the resignation of longtime HBO chief executive.
|
|
The Wall Street Journal reported that "significant layoffs" are expected as part of the reorganization.
|
|
Lawmakers would have to approve the reorganization, but have demonstrated reluctance for such measures before.
|
|
The retrenchment follows Ford's announcement last month of a reorganization of its global salaried workforce.
|
|
The Department of the Interior is facing the largest reorganization in its 85033-year history.
|
|
Altogether, the department's creation amounted to the most sweeping reorganization in the federal government's history.
|
|
After synthesizing this information, we developed reorganization and reform recommendations that will be released today.
|
|
Ms. Warren's proposal shows just how large a reorganization of spending Medicare for all represents.
|
|
The Indian Reorganization Act of 1934 aimed to protect and encourage tribal sovereignty, where applicable.
|
|
Bevin's administration was set to launch a massive reorganization of Medicaid benefits on July 1.
|
|
The reorganization also would have changed dental and vision coverage for many low-income adults.
|
|
This is very different from a Chapter 11 reorganization, where management typically remains in control.
|
|
However, currently, the buoyed oil price rebuilds Sea drill's confidence to carry out reorganization plan.
|
|
"In the animal studies, the reorganization in the brain was really massive," Dr. Courtine said.
|
|
To address Eskom's financial troubles, McKinsey and Eskom drew up an audacious new reorganization plan.
|
|
ICE was created in 13, as a part of the government's reorganization after the Sept.
|
|
For homeowners, this means putting plans for renovation, reorganization and other stalled projects into action.
|
|
PG&E CORP FILES $17.9 BILLION REORGANIZATION PLAN IN U.S. BANKRUPTCY COURT IN SAN FRANCISCO
|
|
Some projects ran out of money, others were lost in a shuffle of corporate reorganization.
|
|
Mr. Cashour said nothing has been delayed, and the completed reorganization plan is being reviewed.
|
|
It also announced a reorganization that will bring all its various companies under one roof.
|
|
The trash rooms of large buildings require reorganization and new routines to accommodate organics collection.
|
|
In the past 40 years, the rules underlying these markets have undergone a radical reorganization.
|
|
Previously, the brand filed Chapter 11 reorganization and the change was not obvious to customers.
|
|
Last year, I was fired in a reorganization and became certified as a yoga teacher.
|
|
The remaining 36,652 of treasuries belonged to MTS as a result of previous reorganization procedures.
|
|
Delay any reorganization of the IRS for at least a year until the dust settles.
|
|
Rogers has managed a sometimes-criticized reorganization of the agency during his four-year tenure.
|
|
Abengoa Bioenergy said the bankruptcy would allow for a reorganization or sale of the company.
|
|
Elsewhere in shareholder activism: Elliott Management is rallying opposition to a proposed reorganization at Hyundai.
|
|
Tillerson's departure also adds to ongoing uncertainty about Trump's promised reorganization of the State Department.
|
|
A 2018 reorganization gave him purview over more products, including devices and the Windows client.
|
|
The Moelis & Co-advised group presented an alternate plan for Oi's reorganization on Dec. 16.
|
|
It will recognize our reorganization in terms of better integration of energy and science programs.
|
|
AlixPartners counts 27 non-grocery retail bankruptcies last year, with just six exiting through reorganization.
|
|
He said however that a reorganization Disney announced on Wednesday had assuaged some succession concerns.
|
|
GDPR triggering a comprehensive reorganization of organizations' data processing is certainly "not the rule" yet though.
|
|
The worst case scenario is a worldwide reorganization of the online space we love to hate.
|
|
The reorganization plan, which will repay secured lenders in full, received overwhelming support from its creditors.
|
|
Schermer overruled other objections, including from shareholders whose stock will be wiped out in the reorganization.
|
|
But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.
|
|
Details: Successfully establishing a targeted basic income will involve a historic reorganization of India's welfare state.
|
|
The post-reorganization EBITDA estimated is 10% lower than Fitch's 2017 EBITDA forecast of $66 million.
|
|
Any military reorganization has to be approved by Congress—which is not necessarily an easy path.
|
|
BEIJING (Reuters) - In a major reorganization of the company's entertainment assets, Alibaba Holdings Group Ltd. (BABA.
|
|
SS) for 24.16 billion yuan ($3.5 billion) as part of a reorganization to better allocate resources.
|
|
Operating under bankruptcy court protection, Abengoa is in talks with creditors to approve a reorganization plan.
|
|
The SEC shut down a specialized unit on cyber crimes as part of a 2010 reorganization.
|
|
The reorganization plan still needs U.S. bankruptcy court approval and a trial is scheduled for January.
|
|
A report claimed Trump is planning a massive reorganization of HHS and the government's welfare programs.
|
|
In July, the operating unit will lose the exclusive right to propose a plan of reorganization.
|
|
Thousands of workers had seen their pensions reduced by 4.5 percent as part of Detroit's reorganization.
|
|
It is unclear to what extent Pompeo will continue with the reorganization should he be confirmed.
|
|
To top it off, FirstEnergy Solutions is in the midst of a Chapter 22019 bankruptcy reorganization.
|
|
In fourth place at 6900 percent was "organizational changes" including business ownership change, reorganization, or restructuring.
|
|
He also said a recent management reorganization, announced in October, sets the company up for success.
|
|
The post-reorganization EBITDA estimate is 10% lower than Fitch's 2017 EBITDA forecast of $66 million.
|
|
The company confirmed to Business Insider that the layoffs were part of a company-wide reorganization.
|
|
Kurds, Shias and Sunnis in Iraq need structural reorganization of the relations that bind them together.
|
|
One reason is if the existing organizational structure causes problems that cannot be fixed without reorganization.
|
|
Microsoft announced a major reorganization on Wednesday that will include thousands of layoffs, largely in sales.
|
|
Still, the court has not given shareholders much time to argue against the company's reorganization plan.
|
|
Microsoft (MSFT) will announce a major reorganization next week, according to the Puget Sound Business Journal.
|
|
The new initiative is part of Walmart's reorganization of its Home group division, announced last year.
|
|
Oi's in-court reorganization process, Brazil's biggest ever, is struggling with disputes between shareholders and creditors.
|
|
But, said Alperovitch, Obama may have benefited from a reorganization in China underway at the time.
|
|
Action #2: Calls for a reorganization of the National Security Council and the Homeland Security Council.
|
|
The committee has been working since early last year on the DOE reorganization effort, with Rep.
|
|
" Norton said of a prospective DHS reorganization, "Realistically, you're probably looking at a 24-month process.
|
|
The signing of Nafta prompted a huge reorganization in agriculture on both sides of the border.
|
|
Tatarinov, who left after Nadella's 2015 reorganization, is now executive vice chairman of storage company Acronis.
|
|
So our nation's legislators enacted the Legislative Reorganization Act of 1970, and committee reforms soon after.
|
|
Its complicated corporate history includes years of downsizing and a long, messy reorganization in bankruptcy court.
|
|
Last year, Molson Coors announced it was retiring the MillerCoors name as part of a reorganization.
|
|
BUT I THINK A COMPANY THAT IS CONSTANTLY THROUGH REORGANIZATION IS A VERY, VERY DANGEROUS THING.
|
|
Partly because of a reorganization of the British school system, he did not finish high school.
|
|
California Governor Gavin Newsom on Friday rejected a bankruptcy reorganization plan submitted by PG&E Corp.
|
|
The German lender is in the midst of a reorganization, but its recovery is slow going.
|
|
Bondholders have been pushing a reorganization plan that they say is more favorable to wildfire victims.
|
|
One senior official supportive of Mr. Bannon's position said it would not change under any reorganization.
|
|
The paradox is explained by an ecological reorganization that is delivering a global homogenization of species.
|
|
An Interior Spokesperson said the agency is regardless "moving full speed ahead" with its reorganization plans.
|
|
He would inherit an agency that since March has been going through an agency-wide reorganization.
|
|
He promised to announce his reorganization plans within weeks and grew animated when describing the process.
|
|
He has called psychedelics and other compounds that can trigger this kind of brain reorganization "psychoplastogens".
|
|
Take it slow, Capricorn; this whole month brings reorganization, some confusion, and a touch of fantasy.
|
|
Although VA has consistently opposed this legislation, the Trump administration has nonetheless consistently promoted the idea of reorganization to strengthen and modernize VA. Reorganization through the creation of a fourth business line therefore not only helps veterans, but is clearly in-line with the president's stated priorities.
|
|
The Detroit-based automaker had argued that its 2009 bankruptcy reorganization excused it from addressing earlier defects.
|
|
Chief Executive Officer Elon Musk told employees on Monday that the company was undergoing a "thorough reorganization".
|
|
The U.S. Trustee, a government watchdog for bankruptcies, objected to parts of Peabody's reorganization plan on Wednesday.
|
|
The reorganization under Chief Executive Officer Hans Vestberg, who was named to the top job on Aug.
|
|
This storm will eventually run its course, dissipate, and likely go through a new cycle of reorganization.
|
|
The watchdog blamed an ongoing reorganization at CISA as partly to blame for the lack of plan.
|
|
The takeover would lead to a reorganization and a likely reduction in staff in France, he said.
|
|
He oversaw Google's 2004 initial public offering and its reorganization under the Alphabet holding company in 2015.
|
|
Brit + Co laid off some employees earlier this month as part of a reorganization, TechCrunch has learned.
|
|
The company's "Rift 2" project, codenamed Caspar, was left behind in the reorganization, a source tells us.
|
|
A first sign of this stance was BNDES' veto of meatpacker JBS SA's global reorganization last month.
|
|
"It is true that some jobs will not be filled as the (reorganization) proceeds," one official said.
|
|
This is part of the reorganization Musk talked about in May on the company's quarterly earnings call.
|
|
These "reorganization efforts" amount to the elimination of six percent of Fitbit's workforce, or about 110 employees.
|
|
The initial contribution would be payable after PG&E emerges from Chapter 11 reorganization, the company said.
|
|
He described it as a reorganization of the exercises, not an end to maneuvers on the peninsula.
|
|
Last year, Facebook underwent a dramatic reorganization, much of which centered around the company's nascent blockchain efforts.
|
|
This reorganization will weigh heavily on financials in the near term as stock prices continue to plunge.
|
|
The Wall Street Journal, citing sources, reported that "significant layoffs" are expected as part of the reorganization.
|
|
A successful reorganization would enable Diesel USA to operate as an "iconic and profitable brand," Samson said.
|
|
The company said its financial position remained unclear pending the outcome of the court supervised reorganization process.
|
|
"This is reorganization ... to change the ... staff of the supervisory board of the commission," he told Reuters.
|
|
In its response, PG&E said it planned to file its plan of reorganization by Sept. 9.
|
|
Mr. Feinberg said the reorganization had to be rejected because it failed to meet three statutory requirements.
|
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The German lender had unveiled an 8 billion-euro cash call as part of a major reorganization.
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The reorganization could face tough odds of coming into fruition, given it would likely require congressional approval.
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A Quibi spokeswoman said the departure was the result of a reorganization and Connolly's position being eliminated.
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The proposal was tucked into a broader plan on government reorganization the White House released on Thursday.
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" But it will be a "significant announcement around reorganization of the company, including potentially something being spun.
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Microsoft – Microsoft will announce a major reorganization on July 5, according to the Puget Sound Business Journal.
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Nordea's application followed an internal reorganization of the Swedish bank's Finnish and Swedish subsidiaries, the Fed said.
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"It is a significant cost savings," said Natalie Ramsey, chair of Montgomery McCracken's bankruptcy and reorganization practice.
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While the utility is undergoing bankruptcy reorganization, much of the power lies with the bankruptcy court's judge.
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A reorganization plan for the company was approved last week by a federal bankruptcy judge in Delaware.
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By the summer, the secretary's focus on efficiency and reorganization over policy provoked off-the-record anger.
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That record, coupled with a reorganization downgrading the agency's Office of Fair Lending, spurred Brown and Sen.
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The U.S. Trustee, a government watchdog for bankruptcies, has also objected to parts of the reorganization plan.
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The plan of reorganization was filed with the U.S. Bankruptcy Court for the Southern District of Indiana.
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In the cable, Mr. Tillerson said he had hired Deloitte and Insigniam to help oversee the reorganization.
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The first major effort in the reorganization was an online survey, whose results were announced last month.
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The reorganization resulted in an arrangement currently used by rival Alibaba and its financial affiliate, Ant Financial.
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The reorganization plan is an attempt to address the bank's high operating costs in relation to revenue.
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Facebook announced in May it is going through a reorganization that will include a new blockchain effort.
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The bank expects to free up to 10 billion euros in capital as part of Tuesday's reorganization.
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But the code says nothing about distributions of the debtor's assets before there is a reorganization plan.
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"Don't be evil," the company's initial motto was changed to "Do the right thing" after the reorganization.
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Stuart Jolly left the billionaire's presidential campaign after a staff reorganization two days before, Politico first reported.
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Interior had initially requested that Congress reallocate $5.3 million in their existing budget towards the BLM reorganization.
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While reorganization is necessary it should be done with intelligence and pruning shears not a meat cleaver.
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Disney announced a strategic reorganization Wednesday that highlights the company's growth initiatives like direct-to-consumer offerings.
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The robotic-pizza-making company Zume saw the departure of four top executives and announced a reorganization.
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Interior had initially requested that Congress reallocate $5.3 million in their existing budget towards the BLM reorganization.
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A benign reading of the comment is that it was a reference to broad federal government reorganization.
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The reorganization would achieve a holy grail for Republicans: eliminating the Education Department as a standalone agency.
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The results were the first foray of Alphabet, which unveiled its reorganization plan last summer, into segment reporting.
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The corporate reorganization is expected to be announced on Friday after an extraordinary board meeting, the sources said.
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In May, the company announced a major reorganization as part of CEO Mark Zuckerberg's mission to "fix" Facebook.
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"The (express delivery) industry has entered a phase of reorganization and upgrading," said Essence Securities analyst Jiang Ming.
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King Salman ordered a reorganization of the kingdom's main intelligence agency, putting the crown prince in sole control.
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DC will shut down three major imprints in January 2020, including Vertigo, Zoom, and Ink amidst a reorganization.
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The company said the reorganization comes "from a position of financial strength," and no store closures were announced.
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Fitch believes that any reorganization for larger securities firms will be manageable, but costs could weigh on profitability.
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In what could become the most high-profile reorganization in the sector, Oklahoma City-based SandRidge Energy IncSDOC.
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At the same time, HNA is engaged in a wrenching reorganization of both its domestic and overseas businesses.
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The reorganization recognizes how Facebook had become a danger to itself — disruption through internal redundancy and wasted chances.
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SunEdison has been selling off assets piece by piece as it decides which path its reorganization will take.
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The BNDES said in October when it opposed the original reorganization that it was not in shareholders' interest.
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The Company's prepackaged plan of reorganization provides for all suppliers and contractors to be unimpaired by this process.
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In addition, the Alphabet reorganization may give Nest more cover on this claim, as it operates more independently.
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Both Chrysler and General Motors temporarily went private as part of their bankruptcy reorganization nearly a decade ago.
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The EV assumption is based on post-reorganization EBITDA of $59 million and a 0003x recovery EBITDA multiple.
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The reorganization, effective July 1, will not involve job cuts or the closure of facilities, a spokesman said.
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Yahoo has been working on a cost-cutting reorganization plan, with details expected to be announced this month.
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Richards said Naftogaz's reorganization is likely to serve as a litmus test for reform of other state enterprises.
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But after a series of top-level changes and reorganization, the company appears to have weathered the storm.
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It has also missed out on a large Australian submarine order and is already undergoing an extensive reorganization.
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By February 2018, the White House plans on presenting a broader government reorganization plan alongside its budget request.
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"I believe I've talked to the Cabinet secretaries more about the reorganization than about the budget," Mulvaney said.
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Oi's in-court reorganization, the nation's largest ever, has been marked by disputes between management, bondholders and regulators.
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Rothschild is overseeing the global portfolio reorganization which will result in a string of divestments, the sources said.
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If Central States fails, the benefits will be cut much more than they would have in the reorganization.
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The foreign affairs bill included provisions requiring any reorganization efforts to consult with and notify the Appropriations Committee.
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At its core, reorganization aims to increase the efficiency, effectiveness and accountability of how government serves its people.
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Telefonica Espana plans a reorganization and to unify its commercial policy, Spanish newspaper Cinco Dias reported on Friday.
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The EV assumption is based on post-reorganization EBITDA of $59 million and a 7x recovery EBITDA multiple.
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In a prepackaged bankruptcy, companies and their creditors agree on a reorganization plan prior to the bankruptcy filing.
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The shares will be transferred at HK$1.20 ($0.15) a share as part of the company's proposed reorganization.
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In a statement, PDVSA said the new measure would enable a reorganization of operations and minimization of bureaucracy.
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""It is important to note that, as part of this reorganization, our Community teams will not be reduced.
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"It did have to have a reset a couple years ago with a serious sales reorganization," he said.
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But to me it feels like climate is just one part of this larger progressive reorganization of society.
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It includes far more detail than Ocasio-Cortez's resolution, and a much more aggressive, socialist reorganization of society.
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As part of the reorganization, Alphabet asked for more financial accountability and cost consciousness from the various businesses.
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Odum's departure is triggering a reorganization in leadership, as well as a move to close the unconventional operation.
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Renee said the Browns sent the memo after a measure at the City Council's reorganization meeting on Jan.
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Sears is also weighing a traditional bankruptcy reorganization, and no final decisions have been made, the sources added.
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In November, a Delaware judge approved reorganization plans for SFX, enabling it to eliminate $400 million in debt.
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PK. Republic had placed the order before filing for Chapter 11 reorganization in a U.S. court in February.
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That's not because of the modern setting, or even the fairly radical reorganization and cutting of the text.
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Alitalia said it would offer those affected by the reorganization a change fee waiver for rebooking their travel.
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The Jammu and Kashmir Reorganization Bill will change its administrative status from a state to a union territory.
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By early 2017, Heritage produced a government reorganization plan that served as the initial template for Thursday's announcement.
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The ongoing reorganization of connections among neurons is a reprise of how the developing brain gets its start.
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If it's a reorganization, as opposed to a liquidation, there's still hope for the future of the company.
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The drip-drip of revelations continued with what seemed to be a wide-ranging reorganization of senior officials.
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In the call, Musk talked about a company reorganization this month and focused on removing third-party contractors.
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Hadid's company, 22017 Strada LLC, filed for reorganization in federal bankruptcy court on Wednesday, the day before Thanksgiving.
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Instead, the committee has thrown its support behind a rival reorganization plan spearheaded by a group of creditors.
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CNBC reported on Thursday that "up to 3,000 jobs" would be cut as a result of the reorganization.
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The reorganization and cost-cutting plan is reminiscent of the bloodletting that followed the financial crisis in 24.
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It was produced by the American manufacturing giant Alcoa, which was renamed Arconic after a reorganization last year.
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Hadid's company, 901 Strada LLC, filed for reorganization in federal bankruptcy court on Wednesday, the day before Thanksgiving.
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If Caesars' reorganization plan is confirmed, it would release claims against the private equity sponsors and their directors.
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They're already making a shift, between the acquisition of Elizabeth Arden and the reorganization of the company itself.
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The company is in the midst of a broad reorganization that aims to simplify its portfolio of brands.
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This is probably why, when asked, Mr. Turnbull could not name anyone who had asked for this reorganization.
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The reorganization was designed to streamline operations and bring the company closer to its customers, the memo said.
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The corporate reorganization is shaping up to be one of the most complicated and difficult in recent years.
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Critics have decried the reorganization and unfilled jobs at a time when international crises continue around the world.
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The reorganization, effective July 53, will not involve job cuts or the closure of facilities, a spokesman said.
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Microsoft's last major reorganization took place a year ago after former Chief Operating Officer Kevin Turner left the company.
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Bernstein said the committee should focus on Breitburn's plan of reorganization, which has not been filed, and its solvency.
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Its 2011 reorganization left it under the control of the investment firm Wayzata Investment Partners, still its majority owner.
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The company said it would continue to work on its in-court reorganization as it looks to resume operations.
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According to Axios, the memo requires shareholders to accept or reject a reorganization proposal by the end of Friday.
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He ordered the newly appointed MTA chair Joe Lhota to design a reorganization plan within the next 30 days.
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His reorganization of the military and new cooperation with countries that neighbor the north of Nigeria has proved effective.
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It could spook future acquisition candidates, who might see the reorganization as Facebook reneging on its promise of independence.
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A less-likely option is the reorganization of SunEdison around its controlling shares in the companies, the person said.
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Musk first signaled that a reorganization of the company's structure was coming in an April email to Tesla staff.
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Then there's the recent executive reorganization, which placed Chris Cox at the helm of Facebook's app businesses, including Instagram.
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It said the goal of its reorganization was to prepare the components business for the challenges of electric mobility.
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Mr. Hancock may just be providing investors with a road map for a reorganization that creates nine separate divisions.
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He said while he was not aware of management plans, the union expected a reorganization and possibly a sale.
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On Wednesday, Baker announced an editorial reorganization under his leadership as part of the paper's digital and mobile efforts.
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In Italy, there was an internal reorganization and the company stopped operating in the mid-sized city of Varese.
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An Airbus spokesman declined to discuss details but said any changes would be part of the company's planned reorganization.
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Management has been asked to put final reorganization proposals to unions by next Monday to help clear the air.
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An EV multiple of 5x is used to calculate a post-reorganization valuation and reflects a mid-cycle multiple.
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Reuters reported on Monday that the company would undergo a reorganization that would impact its sales and marketing teams.
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An aim of the reorganization and the listing on the NYSE is to lower the company's cost of capital.
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A third source said the board meeting to consider the reorganization plan could happen as soon as this weekend.
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Proponents of the administration's budget suggest that a reorganization of the NIH would improve efficiency and streamline taxpayer monies.
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Gymboree raised new capital from its prepetition term loan holders to help fund the reorganization as a going concern.
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It is the second of its kind for Energy Future, which had confirmed another plan of reorganization last year.
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P&G has said it already underwent a reorganization, dividing the company into 16 business units across six regions.
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The Central States trustees said the reorganization would succeed if the fund's investments averaged 7.5 percent average annual returns.
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A second retention bonus plan was designed to encourage 16.93 other unnamed executives to stay put during Sears' reorganization.
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The bank appointed a new CEO, Tim Sloan, last October, and announced a reorganization of its board this summer.
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If the stock market—and by extension, the economy—is doing well, why resort to a massive economic reorganization?
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The reorganization has been approved, as applicable, by the common and preferred shareholders of the acquiring and target funds.
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Many employees have exited the department, including the official responsible for overseeing the reorganization, amid signs of declining morale.
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Harley-Davidson did not give details on its reorganization plans nor initially say how many jobs may be impacted.
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Cedric Richmond (D-La.) that, among other things, forbade the agency from undertaking a major reorganization without Congressional authorization.
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Trump added the directive's reorganization focused on "efficiency and I think a lot of additional safety" regarding the NSC.
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In this instance, a reorganization months after the fact meant that this reader ended up supervising the offending colleague.
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Tesla's energy unit lost two executives after CEO Elon Musk announced a "thorough reorganization" of the company, Bloomberg reported.
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The reorganization plan envisions splitting the bankrupt unit into an operating company and a real estate investment trust (REIT).
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An amended plan of reorganization will be filed with the U.S. Bankruptcy Court soon, according to Takata's U.S. unit.
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This person will report to the secretary of defense and make sure the new reorganization efforts are running smoothly.
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The young guns won out in 1970 in the Legislative Reorganization Act, which put August recess on the books.
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The job cuts are the first step in a three-year reorganization plan announced this year by the carrier.
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The reorganization plan that Shannon approved would cut more than $200 million of debt and provide a cash boost.
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One of the most interesting documents in the works is Mr. Zhao's blueprint for political reorganization from October 1987.
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And will set up the complementary measures including reorganization of the policy for a thorough operation of the school.
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And David S. Mao, who had served as the acting librarian after Dr. Billington's departure, started an administrative reorganization.
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He demanded loyalty and undertook a sprawling "reorganization" that would cut 4,000 jobs and uproot untold numbers of staff.
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That trade is a product of Nafta, which triggered a giant agricultural reorganization on both sides of the border.
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The reorganization also elevated National Intelligence Director Dan Coats and the chairman of the Joint Chiefs of Staff, Gen.
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Trump's reorganization looks like a success for McMaster, who encountered resistance when he entered the White House in February.
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So does a recent reorganization at Microsoft, that placed A.I. and the cloud front and center of its business.
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My boss at the time called my team together and told us that a recent reorganization wouldn't affect us.
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Mr. Tillerson is in the middle of a departmentwide reorganization, an effort he has called his most important priority.
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People involved with the negotiations say the reorganization robbed resources and support from the ministry's office of trade negotiations.
|
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"But reducing their dependence could be an option for getting ahead in the technological competition and world-power reorganization."
|
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The reorganization was to benefit Milwaukee, which was expected to see hundreds of corporate and support jobs relocated there.
|
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But even as the ride-hailing service promised a sweeping reorganization, its board members highlighted the problems it faced.
|
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In court filings, Takata said it hoped to win court approval for its reorganization by the end of March.
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MY REORGANIZATION, I CAN'T MANDATE, I CAN ONLY ASK THE BOARD TO HAVE A REALLY HONEST AND OPEN DISCUSSION.
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The first, in 1965-66, came after a reorganization to increase representation by those who are not permanent members.
|
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Yahoo had appointed management consulting firm McKinsey & Co, in November, to help with the reorganization of its core businesses.
|
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In 113 it filed for bankruptcy, though, a victim of the download era of music, and underwent a reorganization.
|
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"There has been amazing progress made at the M.T.A. with new laws, financing and its reorganization," the governor said.
|
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" PG&E said its reorganization plan met the state requirement that the effect on ratepayers be "neutral on average.
|
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GPA reported on Wednesday reported a 71% drop in quarterly earnings, missing market expectations, after completing a costly reorganization.
|
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To reach reorganization goals in 2021, Eletrobras would have to fire an additional 400 employees, according to the document.
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In an internal email last week, Judson Althoff, a Microsoft executive vice president, described the reorganization and its rationale.
|
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The reorganization and job cuts, he added, were an effort to match the company's skills with the changing marketplace.
|
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The reorganization, aimed at making Boeing more agile and responsive to customer needs will be effective on July 1.
|
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It has been close to 6900 years since the Hoover Commission, the last major reorganization of the executive branch.
|
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According to McDonald&aposs, the decline in black leadership has been broadly proportional to all employees during the reorganization.
|
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The company said the reorganization will not change how Cargill will report its different business segment earnings on Thursday.
|
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Musk said the reorganization did not affect hourly assembly-line employees and was not expected to delay manufacturing targets.
|
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Khan's first powerful victories came from the reorganization of his military units, splitting his soldiers into groups of ten.
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While developing better weapon systems, Xi has also begun a reorganization of personnel, stressing quality and effectiveness over size.
|
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As part of the reorganization, Mr. Zucker, the head of CNN, will also begin to oversee Turner's sports operations.
|
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In 2014, MLB fired Mullin, George Hanna, and Ed Dominguez as part of a reorganization of its investigative unit.
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As part of a reorganization a few years later, Nakamura Manufacturing became Nakamura Amusement Machine Manufacturing Company, aka NAMCO.
|
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That reorganization — including the startling proposition that supports it — is at least as radical as its unwinding would be.
|
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Imcopa has been going through a bankruptcy reorganization since 20183 and wants to sell the plants to pay back creditors.
|
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A spokesman for Mediaset, in which French media giant Vivendi owns a 28.8% stake, declined to comment on the reorganization.
|
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Trump Entertainment Resorts emerged from Chapter 11 reorganization in July 2010, with Trump acquiring a smaller stake in the company.
|
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She says Neanderthal genes may be able to stick around in part due to aspects of this complex genetic reorganization.
|
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The voluntary petition for reorganization under Chapter 11 of the US Bankruptcy Code was filed in the Texas Bankruptcy Court.
|
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The reorganization is part of a rebuilding effort within the Democratic Party's infrastructure after Hillary Clinton's crushing loss last month.
|
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We the People survived Trump's White House website reorganization, unlike several other government pages, but it's not in great shape.
|
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On Tuesday, Crosthwaite said in a statement that the reorganization was part of a "necessary reset" in the vaping industry.
|
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Someone had made a deep reorganization in the distributed ledger for Ethereum Classic, a smaller spinoff from the Ethereum coin.
|
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U.S. Bankruptcy Judge David Jones in Houston overruled two minor objections to the reorganization plan during a 90-minute hearing.
|
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HBO CEO Richard Plepler and Turner CEO David Levy both stepped down two weeks ago amid AT&T's WarnerMedia reorganization.
|
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The reorganization followed reports in the Financial Times earlier this year that BuzzFeed missed 2015 revenue projections by $80 million.
|
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Vice plans to lay off "around 15" editorial employees as part of a broader reorganization of its various news departments.
|
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The FRL group was created in May, around the same time Facebook announced a bigger reorganization among its top executives.
|
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Microsoft is announcing another big reorganization today, pushing the core of the company's Windows operating system in a new direction.
|
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The takeover of Valepar is part of a reorganization aimed at transforming Vale into a company with dispersed share ownership.
|
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The post-reorganization EBITDA assumption is MXN1.9 billion, which should be sufficient to cover its interest expenses and maintenance capex.
|
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As part of a reorganization started in 2018, BRF made production adjustments at seven plants, according to its earnings statement.
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The initiative underscores Schroeder's efforts to untangle a protracted reorganization that has met fierce resistance from creditors and major shareholders.
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The Namco name is an acronym that was eventually derived from the 1958 reorganization as Nakamura Amusement Machine Manufacturing Company.
|
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The Caesars unit has yet to secure support from first-lien banks or its junior creditors for its reorganization plan.
|
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It said at the time it anticipated getting court approval for its plan of reorganization by the end of 2015.
|
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Tillerson frequently ran into criticism from lawmakers for his controversial reorganization plans and the administration's push for steep budget cuts.
|
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Unless the court decides to extend it, the reorganization plan would fall apart, lawyer David Zott of Kirkland & Ellis said.
|
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Under Abeinsa's reorganization plan, Abengoa will contribute $20 million in exchange for retaining its equity stake in the U.S. company.
|
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Abadi and Franco said they have been waiting to present their plan until after Oi submitted its debt reorganization proposal.
|
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Tencent began e-book publishing in 2004 and after an internal reorganization, formed the basis of China Literature in 2013.
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In the Senate, the appropriations committee was briefed last year on what the beginning of the reorganization will look like.
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Professor Klee serves clients as an expert witness, mediator, arbitrator, attorney, or consultant in his chapter 11 business reorganization practice.
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He started a broad reorganization and introduced hundreds of products that diversified the company beyond sink mats and trash cans.
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Junior creditors are among the groups that still oppose the reorganization plan based on the amounts they stand to recover.
|
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That's why GM (GM) is closing four US plants and Ford (F) is in the process of a major reorganization.
|
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"For now, the focus is on reorganization and digesting the acquisitions," said a COFCO official, who declined to be identified.
|
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A reorganization is taking boxes on a chart and cramming them together and moving them around, but nothing really changes.
|
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If the reorganization did happen, those health care and social programs could also become an easier target for budget cuts.
|
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Tesla did not wish to comment, beyond referring to a statement released yesterday from Musk to employees on the reorganization.
|
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All offices affected by the reorganization are expected to have an all-hands staff meeting this week, the email states.
|
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Monte dei Paschi said it hoped to exceed €1.1 billion a year in profit by 2019 under its reorganization plan.
|
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Pfizer's announced reorganization could lead to an eventual spinoff of its consumer health-care business, CNBC's Jim Cramer said Wednesday.
|
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Donald Trump could take several steps right now that would be far more impactful than offering yet another reorganization plan.
|
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Much of the reorganization would involve efforts to "modernize" the player development system, according to a spokesperson for the MLB.
|
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The U.S. unit's reorganization plan will include funds provided by automakers to help compensate those injured by the air bags.
|
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Facing tens of billions of dollars in wildfire claims, PG&E has been in bankruptcy reorganization since early last year.
|
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Facing tens of billions of dollars in wildfire claims, PG&E has been in bankruptcy reorganization since early last year.
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During the financial crisis, the Obama administration formed an Auto Task Force to manage the orderly reorganization of the industry.
|
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" LaJeunesse said after raising several concerns with human relations, he was told his job was eliminated due to a "reorganization.
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AND THE MOST IMPORTANT THING YOU CAN DO IN A REORGANIZATION IS HAVE A START TIME AND A STOP TIME.
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Most likely, the confusion of this sudden reorganization accounts for why my father was initially placed in the Fukuchiyama Regiment.
|
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"We will continue promoting the reorganization of the prisons to fight the crime that is organized from there," he wrote.
|
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Similarly, politicians have enthusiastically embraced the Army's move, which is billed as the largest reorganization of the service since 1973.
|
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John Schindler, a former NSA analyst, disagreed, saying that Rogers's reorganization efforts were not received well by the agency's workforce.
|
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PG&E — The electric utility company dropped 523% after California governor Gavin Newsom rejected the embattled company's bankruptcy reorganization plan.
|
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The reorganization, long a priority of House Homeland Security Committee Chair Michael McCaulMichael Thomas McCaulPelosi warns Mnuchin to stop 'illegal' .
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Part of the company's reorganization will include replacing its chief executive, Geisha Williams, who had led the corporation since 2017.
|
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Lewandowski, ousted in the last campaign reorganization in June, said on CNN that Bannon was "a street fighter" like himself.
|
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Chief Executive Jim Hackett said on Wednesday that analysts "don't have to wait long" for Ford's South American reorganization plan.
|
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On a May 2 earnings call, Musk said Tesla would conduct "a reorganization restructuring" this month, without providing more details.
|
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SHARES RISE ProSiebenSat, which has repeatedly denied being in merger talks with Mediaset, said it was not involved in the reorganization.
|
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The formal announcement is planned for Thursday morning, but the Journal reports that any planned reorganization must be approved by Congress.
|
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Le Monde reported that the ongoing reorganization of EDF could result in the division of the group into two separate entities.
|
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The ad industry is in a pivotal moment that could lead to a reorganization of the web as we know it.
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A wholesale reorganization of the FAA, dubious on a variety of grounds, would push such gains much further into the future.
|
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The plan was submitted to a court in Rio de Janeiro, where Sete Brasil's reorganization is being handled, said the firm.
|
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Though Caesars has denied the allegations, it has offered to settle the claims by contributing roughly $4 billion to CEOC's reorganization.
|
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The layoffs this week were part of the reorganization that NerdWallet began in April, CEO Tim Chen told TechCrunch via email.
|
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The reorganization is part of a broader effort to consolidate and update military space initiatives that involves even more bureaucratic shuffling.
|
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Oi's in-court reorganization, which started in June 2016, has been marked by a series of disputes between creditors and shareholders.
|
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The plan will be submitted to a court in Rio de Janeiro, where Sete Brasil's in-court reorganization is being handled.
|
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At home, HNA is undertaking a massive reorganization of its businesses, which include aviation, tourism, healthcare, technology and financial services assets.
|
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He oversaw a reorganization following losses at InVivo's trading business, cutting staff in France and opening desks in Singapore and Brazil.
|
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Alpha's reorganization under Chapter 11 bankruptcy significantly reduced the company's debt, which had totaled more than $7 billion when it filed.
|
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PG&E BONDHOLDER COMMITTEE SEEKS COURT PERMISSION TO FILE COMPETING BANKRUPTCY REORGANIZATION PLAN, SAYS COMPANY HAS BEEN TOO SLOW -- COURT FILING
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He said other regions would be affected by the global reorganization but declined to say how many jobs were at stake.
|
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SunEdison, whose bankruptcy was the biggest of 2016 to date, has not yet filed its plan of reorganization with the court.
|
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This internal reorganization does not affect our customers in Malaysia, who can continue to use our products and services as normal.
|
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Snap has scheduled a staff meeting for March 14 to explain the reorganization and answer employees' questions, according to the memo.
|
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Under the reorganization, the meat giant will contribute substantially all of its assets except the Brazilian beef business and leather business.
|
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The Baowu acquisition is an "important measure to accelerate the merger and reorganization of overcapacity industries," Maanshan said in the statement.
|
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The bank also said €800 million in reorganization costs, including employee severance payments, contributed to its losses in the latest quarter.
|
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In addition to the reorganization around Giannandrea, Apple's longtime head of Siri, Bill Stasior, has left the company, The Information reported.
|
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SNC declined to comment on the analysts' reports, saying the reorganization was the first step of the company's new strategic direction.
|
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That came after a recent government reorganization in which a hard-line Communist Party department took over management of religious policy.
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When agencies turn over their budget requests for 2019 in September, they will also be expected to provide a reorganization plan.
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However, Ed Blakey, his boss, said in an interview that the reorganization had nothing to do with Fuchs' decision to leave.
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CEOC said in a separate statement it planned to resume talks with creditors and file an updated plan of reorganization soon.
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"This is not a reorganization but rather a recognition of the roles they've played for a while," the blog post said.
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The company quietly began turning the timeline reorganization on by default this week, starting on March 15, The Next Web reports.
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The job cuts are the first step in a three-year reorganization plan announced this year by Hong Kong's flagship carrier.
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The reorganization comes as the New York-based firm and other asset managers are working through major shifts in their business.
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About 80 percent of the bankrupt company's creditors support the reorganization plan, which is set for a confirmation trial in January.
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The company said the reorganization, which does not affect its U.S. managed business, did not change its outlook for the year.
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With its once-dominant Windows unit slipping in market share in recent years, Microsoft has embarked on a cloud-first reorganization.
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Still, BuzzFeed's reorganization seemed a transformative moment for a company staking a big bet on the future of video and entertainment.
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The proposed reorganization, in the works for over a year, has been a point of tension between the agency and Congress.
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The reorganization won't affect Xaxis, a programmatic trading desk that is one of the most important parts of GroupM's tech offering.
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Microsoft announced a major reorganization Thursday, establishing two main engineering teams focused on experiences and devices, and cloud and AI platforms.
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"In order to facilitate its reorganization, the company may consider utilizing the available protections under the federal bankruptcy laws," they said.
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Terry Myerson, the head of Windows and a 21-year company veteran, is leaving the software maker amid a broader reorganization.
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In October, the company announced a sweeping reorganization that saw it knit together a few disparate business lines primed for synergies.
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Another attempt at legislative reorganization in 1993 and '94 fell apart due to inter-chamber conflicts and disagreements among House Democrats.
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He presided over a reorganization effort that spent millions of dollars on outside consultants and thousands of hours of staff consultations.
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In his final weeks in office, Mr. Tillerson stopped mentioning the reorganization that he had once identified as his top priority.
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Also, many exchange-traded funds already allowed investors to buy in to some of the themes the reorganization aimed to capture.
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Administration officials said the blueprint for the plan was a 2017 list of reorganization recommendations produced by the conservative Heritage Foundation.
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But Mr. Lieber had already taken on much of that responsibility as part of a reorganization plan embraced by Mr. Cuomo.
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A reorganization along this path allows more structured intelligence to be distributed to all federal agencies based on their particular needs.
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Volkswagen's overseers centralized an unusual amount of power in Mr. Diess's hands as part of a major reorganization also announced Thursday.
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The decision was part of a larger reorganization of the company's Celebrity Digital Group, which includes publications US Weekly, InTouch, OK!
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As part of the reorganization, China's Commerce Ministry was broken in March into three separate groups each focused on different issues.
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And in Pennsylvania, where Vision owned about 600 homes, Attorney General Josh Shapiro is not rushing to embrace the company's reorganization.
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Any purchase agreement will have to be approved by a bankruptcy court in Delaware, where Philadelphia Energy Solutions filed for reorganization.
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The Redskins are undergoing a broader reorganization, after owner Dan Snyder announced on Monday the firing of team President Bruce Allen.
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He was the first director of the Bureau of Ocean Energy Management, one of the new agencies created after a reorganization.
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In such an atmosphere, even seemingly routine moves — like the reorganization of the National Security Council — take on a political air.
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The company spent between $80 million and $90 million on the cost-cutting reorganization, primarily on severances and shutting field offices.
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Officials allege that Rio de Janeiro-based Oi's in-court reorganization is making slow progress because of shareholder and creditor rifts.
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He added that officials decided to propose removing the office because of a "reorganization challenge" to save money, according to BuzzFeed.
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The Caesars parent would also win releases as part of the current reorganization plan, which is set for trial in January.
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As part of a broader reorganization effort, Tillerson folded the office's responsibilities into a bureau focused on economic and business issues.
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"TRS Advisors is excited to be working with Sara to provide reorganization and restructuring advice to the CLO community," Snyder said.
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Toys "R" Us and Bon-Ton, a department store chain, liquidated last summer, after failing to come up viable reorganization plans.
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Tim Ziemer, left the Trump administration amid a reorganization by National Security Adviser John Bolton, the Huffington Post reported this week.
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The reorganization combined the air force and air-defense troops and required them to answer more quickly to the same commanders.
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At any rate, nobody running in 2020 is going to make government reorganization their top priority in 2021 if they win.
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Reorganization efforts often fail, and a Chapter 22017 bankruptcy can end in liquidation of some or all of the company's assets.
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Subramanian said tech is now "cheaper" and less crowded after a big sector reorganization moved Netflix and Facebook out of the sector.
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But at a critical point, it would be expected to change suddenly, indicating a spontaneous reorganization of the electrons in the crystal.
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Under the agreement which is for 7-1/2 years, Midea has committed not to embark on any corporate reorganization of Kuka.
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SAN FRANCISCO (Reuters) - Microsoft will undergo a reorganization that will impact its sales and marketing teams, company executives told employees on Monday.
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But a National Security Council reorganization has meant many foreign envoys' points of contact in the White House are also suddenly gone.
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DAVID MALPASS: So the structure, I want to move forward with what is there, I don't see the need for a reorganization.
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This has resulted in a reorganization and centralization of its five studios across the world to three in Reykjavík, Shanghai, and London.
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Shares in Swedish network equipment maker Ericsson tanked over 10 percent on Thursday after announcing weak first quarter results and reorganization plans.
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But the setup seems to throw into relief how much she views the reorganization of the American economy as a historical cause.
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"The government wants a market solution," he said, adding the company has six months under Brazilian bankruptcy law to complete its reorganization.
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Come on my friend, I know they're doing that reorganization and stuff, but I said I'm not going to touch that one.
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To settle the allegations Caesars has offered to pitch about $4 billion into CEOC's reorganization in exchange for releases from the claims.
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Since it emerged from bankruptcy reorganization nearly two years ago, Detroit's economic revival has attracted a range of public and private investment.
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In the United States, energy group PG&E Corp is looking to rescind costly PPAs as part of a Chapter 11 reorganization.
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The reorganization is part of a broader strategy to prepare for a future with autonomous vehicle technology, electrification and unconventional ownership models.
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The bank also said that €800 million in reorganization costs, including employee severance payments, contributed to its losses in the latest quarter.
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Zuckerberg tapped Marcus to run its new blockchain division in May 2018 as part of a substantial reorganization of his executive division.
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Some elections make the evidence of this sloth-like reorganization of politics more apparent, and 2016 appears to be one of those.
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Come on my friend, I know they're doing that reorganization and stuff, but I said I'm not going to touch that one.
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Ford Chief Executive Jim Hackett said last month that investors would not have to wait long for the South American reorganization plan.
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Late last year, Oculus had an internal reorganization that shifted the team to more specialization-focused groups as opposed to product-focused.
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The billionaire Batista brothers Wesley and Joesley, who are JBS's CEO and chairman, respectively, expected the reorganization to be ready by November.
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Otherwise, the appeals court said, bankruptcy judges will end up as roving ombudsmen, forced to scrutinize proposed reorganization plans for potential illegalities.
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Procter & Gamble – P&G unveiled a major reorganization of its operational structure, cutting the number of business units to six from 18.883.
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Analysts who spoke to Business Insider is the reorganization will streamline the development of software for Windows devices and help Teams grow.
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If he accepts the petition, Oi will then have 60 days to present a reorganization plan for the approval of its creditors.
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P&G, with a market value of $235 billion, has rejected that idea, saying its recent global reorganization is already creating value.
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On the other hand, a reorganization of legal entities within its wireless business will give it a tax benefit of $2.1 billion.
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Contemplates reorganization of its brazilian activities within via varejo * It has entered into a memorandum of understanding ("mou") with via varejo s.a.
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Hyflux is in the middle of a court-supervised reorganization which began last year as the company tried to restructure its debt.
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The Caesars parent has offered over $4 billion to the unit's reorganization, though junior creditors say they have claims worth $12.6 billion.
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Emerges from chapter 11 as Neo Performance Materials * Confirmed fourth joint amended plan of reorganization became effective as of August 31, 2016.
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Legal documents show that Elliott crafted the current bankruptcy reorganization plan, which Azul has countered with its own new proposal this month.
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Tillerson's move to eliminate or downgrade some of the special envoy posts comes as he undertakes a reorganization of the State Department.
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Ducey has urged the state attorney general to open an investigation and to seek civil penalties against Hacienda and a company reorganization.
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A reorganization over the last two and half years returned it to double-digit sales growth in the first quarter of 2019.
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The changes are part of a broad reorganization the securities industry self-regulator's new Chief Executive Robert Cook launched earlier this year.
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"If enacted, this proposal would place immediate, severe limits on any opportunity for reform and reorganization of America's air," the groups wrote.
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The reorganization process is expected to be completed within six months and the stores will remain open duringthe process, the company said.
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At Swift's first court hearing in Wilmington, Delaware on Tuesday, lawyers stressed the importance of moving the Houston-based company's reorganization quickly.
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A reorganization in the fall that separated the core business from the ambitious "moonshots" was met with approval by investors and analysts.
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"It still would have been better if G.M. had gone through an orderly reorganization bankruptcy without taxpayer support," he said in 213.4.
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"The government wants a market solution," he said, adding the company has 6 months under Brazilian bankruptcy law to complete its reorganization.
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Khan was overlooked for a promotion amid a Credit Suisse reorganization, prompting him to leave the firm five months later, Bloomberg reported.
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Vice promoted Mr. Tyrangiel in May to run all of the company's news operations as part of a reorganization of the division.
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The announcement marked a change of plans for asset management, which was placed exclusively under international wealth management in the October reorganization.
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Rogers's tenure has been a rocky one, plagued by continuous intelligence leaks and reports of low morale amid a sometimes-unpopular reorganization.
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The reorganization took place against the backdrop of the deregulation of the telecommunications sector and the gradual privatization of France's incumbent operator.
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The deal is part of a reorganization by Dell as it prepares to buy the data storage provider EMC for $67 billion.
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The reorganization of its head office, which was almost completed, had also resulted in HK$244 million in redundancy costs, Cathay said.
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Should it go through, the Department of Defense would have to submit a detailed plan on the reorganization to Congress next year.
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Deutsche also announced in 2015 a reorganization to separate its markets and investment banking business, only to recombine them two years later.
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Trading in its stock was briefly suspended on Tuesday amid wild swings up and, later, down after the reorganization plan was announced.
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The officials who described the reorganization did so on the condition of anonymity because they were not authorized to discuss it publicly.
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The company, which expects to continue operations during the Chapter 11 process, said the reorganization would eliminate $600 million of its debt.
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It approved a government reorganization designed to merge ministries and agencies into more efficient bureaucracies dealing with the environment, resources and finance.
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The reorganization is "really doubling down on the cloud as the fundamental platform for Microsoft," said Ed Anderson, an analyst at Gartner.
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A reorganization of ministries and agencies revealed at the congress on Tuesday may let Mr. Xi and other leaders better steer bureaucracies.
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As it shifts focus to aviation, power, and renewable energy, the company is betting the massive reorganization will strengthen its balance sheet.
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Instead, they point at Tillerson, who's been overseeing a top-to-bottom reorganization of the 75,000-person State Department since taking over.
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Its Chapter 11 reorganization lasted four years, and resulted in plant closings and the elimination of tens of thousands of factory jobs.
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Protesters also plan to call for a reorganization of the police force and an end to the ban on masks that Mrs.
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Company leaders had described the layoffs as part of a reorganization, consolidating jobs in an effort to juice the company&aposs revenue.
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The first, in 1965-66, came after a reorganization to increase representation by those who are not permanent members of the council.
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Leaders at Hulu will report directly to execs within Disney&aposs direct-to-consumer and international business as part of the reorganization.
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Vale's takeover of Valepar is part of the miner's reorganization - which aims to transform Vale into a company with dispersed share ownership.
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The reorganization is just the latest step U.S.A. Gymnastics has taken since Dr. Nassar's case has shaken the sport to its core.
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The bankrupt California utility no longer has the sole right to devise a financial reorganization plan, Peter Eavis of the NYT reports.
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The secretary has hired two consulting groups, Deloitte and Insigniam, to carry out a complete reorganization of the State Department next year.
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The commitments will "fully fund" a reorganization plan so PG&E can have one confirmed by June 8.43, 2020, the company said.
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Xi has also embarked on a massive internal reorganization of the PLA, streamlining the organization and bringing it firmly under his control.
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It may then hold a top-level financial work conference in April on reorganization that was originally planned for January or February.
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McCaul has long been pushing for a reorganization of DHS' cybersecurity responsibilities, an idea that has advocates in and outside the department.
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At the same time, buyouts and layoffs, along with a significant reorganization of the print newspaper, have heightened uncertainty in the newsroom.
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The company spent about $80 million to $90 million on the cost-cutting reorganization, primarily on severance and shutting down field offices.
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They said that number, in part because of corporate reorganization, fell to the single digits by the time Easterbrook left the company.
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This type of regulatory taking has already been held unconstitutional by the U.S. Supreme Court in the "Regional Rail Reorganization Act Cases".
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In a statement, Lucas Guimaraes, CEO of Positivo Educacional, said the sale of its university was the last step in its reorganization.
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But the proposed reorganization, in the works for over a year, has been a point of tension between the agency and Congress.
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These potential changes would follow Burke's major reorganization of NBCU in January that put Shell in a prime position to replace him.
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Rogers's tenure has been a rocky one, plagued by continuous intelligence leaks and reports of low morale amid a sometimes-unpopular reorganization.
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The authority's board is expected to vote on the reorganization next week, and the public will have a chance to weigh in.
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The authority's board is expected to vote on the reorganization next week, and the public will have a chance to weigh in.
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Sometimes referred to as "reorganization bankruptcy," Chapter 11 allows a company to remain in operation as it attempts to restructure its finances.
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The Sackler family said at the time that it hoped the reorganization from the bankruptcy would end its ownership of the company.
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PG&E will not be able to make settlement payments until it receives court approval for a Chapter 20153 bankruptcy reorganization plan.
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Like LSD and mushrooms, it could lead to neural network reorganization resulting in foggy headedness and flashbacks after excessive, long-term use.
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Earlier this year, it closed for extensive restoration and reorganization, during which art historian Eric Forcada was brought in as a consultant.
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Just last week, Howard Schultz, the CEO of Starbucks, announced a new long-term strategic plan for the company combined with leadership reorganization.
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The reorganization plan provided for full payment to creditors, vendors and suppliers, besides Quality Care, while Carlyle will lose its entire equity stake.
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This results in an adjusted reorganization value of $1.35 billion after subtracting administrative claims, and exceeds a projected liquidation value of $05403 million.
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Many career officials acknowledge the State Department has a bloated bureaucracy, and expected both offices to be part of a reorganization under Tillerson.
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The cost of the reorganization efforts are expected to be about $633 million, which will be recorded in the first quarter of 2017.
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But after a reorganization that split Oculus' PC and mobile VR divisions, they're owned by different teams and may not always be identical.
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The San Francisco–based company said Tuesday that, under a reorganization, it will be laying off staffers in some departments and consolidating others.
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Former employees say the reorganization has failed to address widespread concerns that the agency is falling behind in exploiting private-sector technological breakthroughs.
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Meanwhile, similar companies like Avant,On Deck Capital and Prosper Marketplace have also reportedly seen deteriorating loan volume, reorganization or tumbling share prices.
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Zuma's cabinet reorganization rallied support, however, among powerful sections of the party that are hostile to banking interests they see Gordhan as representing.
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It's readily apparent from today's announcements that Intel has engaged in a major rethink and reorganization of its chip design strategy and philosophy.
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Preferred shares of Oi, which plans to present a reorganization plan by early September, were up 13 percent at 2.33 reais on Thursday.
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You just did a reorganization of Windows, and your memo did a really good job of explaining it from a Microsoft insider context.
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Facebook is launching its own blockchain division as part of a broader reorganization of its executive lineup, multiple sources confirmed to Recode today.
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A new round of talks on a reorganization on working time are due to be held at the SNCF state railway on Monday.
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Motorola President Rick Osterloh is leaving Lenovo amid a broad reorganization that will see the company shuffle around various business units and executives.
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PARIS (Reuters) - French drugmaker Sanofi on Thursday pledged further increases in full-year profit helped by new drug launches and its reorganization efforts.
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American Apparel is set to seek approval of its current reorganization plan, which would cut about $200 million of debt, at a Jan.
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Mulvaney said the White House could initiate some changes through executive action but acknowledged that much of the reorganization would require congressional action.
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BNDES did not explain why it challenged the reorganization plan, JBS Chief Executive Officer Wesley Batista told analysts on a call from Colorado.
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Since filing for Chapter 11 protection in early February, Horsehead has been pressing reorganization plans while warring with key stakeholders, notably its shareholders.
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Microsoft notified employees on Wednesday of a big reorganization affecting its Windows and devices businesses, according to a memo obtained by Business Insider.
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" It added that the candidate "never worked on cost-cutting or anything involving staff reorganization or the privatization of essential post office services.
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Unlike the U.S. Chapter 11 process, however, listed Brazilian companies undergoing in-court reorganization continue to trade on the Sao Paulo stock exchange.
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As part of a reorganization, J.Crew will reduce headcount by approximately 150 full-time and 100 open positions, mostly from its corporate headquarters.
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The initiative underscores Schroeder's efforts to untangle a protracted reorganization plan that has met fierce resistance from financial creditors and revealed shareholder rifts.
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Last year, Russia's Kommersant daily newspaper reported on Russia's plans to effectively revive the KGB through a massive reorganization of its security services.
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It said the U.S. firm had asked Korea Electric Power Corp, also known as Kepco, to be its sponsor in its bankruptcy reorganization.
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Among other things, should the FDIC use the OLA, it is authorized to borrow from the U.S. Treasury to effect a reorganization transaction.
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" The statement continued, "This step in the reorganization involved many components; we realigned responsibilities, made changes to the campaign's infrastructure and reprioritized expenditures.
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GE also gave an updated baseline for the company's reported 2018 earnings and revenue, due to the company's reorganization and sales of assets.
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That reorganization also appeared to downgrade the status of the Chairman of the Joint Chiefs of Staff and the Director of National Intelligence.
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Bannon had been added to the principals committee of the National Security Council as part of its reorganization under a January executive order.
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"Now that we have defined a capital structure through our plan of reorganization, we can firm up components of surety bonding," Svec said.
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CEOC has argued its parent should be shielded from litigation because Caesars has committed to contributing billions of dollars to CEOC's reorganization plan.
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"PG&E has made significant progress in further refining a viable, fair, and comprehensive plan of reorganization," the company said in a statement.
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The company intends to continue operating during the Chapter 11 reorganization with cash on hand and access to $350 million from the lenders.
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Under the reorganization, "relevant functions" of NCER will be distributed among the two new offices including the STAR grants management, the official said.
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The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses.
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Campbell Soup – The company announced a strategic reorganization which gives Chief Operator Officer Luca Mignini more control over the food company's primary units.
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RESIGNATION: The Hill's Mark Hensch reports: Donald Trump's national field director, Stuart Jolly, resigned his post, after a staff reorganization two days before.
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Ocean Rig's chief executive, George Economou, said last year that the company would consider alternatives, including a possible reorganization under US bankruptcy laws.
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In mid-May, CEO Elon Musk had warned the company was undertaking a "thorough reorganization" and that it would flatten its management structure.
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Microsoft is in the midst of a cloud-first reorganization, which has sent the software giant in search of alternatives to court developers.
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A reorganization last year into a holding company called Alphabet, accompanied by some related high-level personnel moves, was unexpected but generally applauded.
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As part of the reorganization process ahead of the IPO, AXA's U.S. property and casualty business would be transferred to the parent firm.
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Chapter 7 is when a company liquidates and no longer exists, while Chapter 11 lets companies sell assets or craft a reorganization plan.
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Thus, instead of fighting over politically impractical ideas such as privatization or unrealistic budgets, the time is right to discuss government reorganization, instead.
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Federal employees were surveyed in May as the EPA was announcing their buyout programs and the State Department underwent a large-scale reorganization.
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Criticism in recent weeks has focused on high-level resignations, uncertainty over an ongoing reorganization effort, a hiring freeze and planned budget cuts.
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Shares in JBS were up 4 percent in early afternoon trading, their largest rise this month, as investors saw progress in the reorganization.
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Officials hope the reorganization will dissipate congestion in front of Botticelli's heaviest hitters and offer a better view — and understanding — of individual artworks.
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Caesar's Entertainment (CZR) resolved a standoff with its senior lenders and its bankruptcy reorganization is back on track, according to a Bloomberg report.
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As a result of mounting losses, Greyhound Lines filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code while bus operations continued.
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Suppliers and creditors will be offered terms of the business reorganization plan, which involves a debt-for-equity swap, Schroeder said, without elaborating.
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Facebook announced last week it is going through a reorganization that will include a new blockchain effort and aims to address privacy concerns.
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In February, the group announced a reorganization of its portfolio, bringing the Armani Collezioni and Armani Jeans lines under its Emporio Armani brand.
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The company on Monday also unveiled the outlines of a reorganization plan that will pay $17.9 billion for claims stemming from the wildfires.
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As part of a government reorganization last year, the department that oversees films was subsumed into the Propaganda Department of the Communist Party.
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Vietnam '67 In late December 1967, the government of South Vietnam announced a reorganization of its war effort against the country's Communist insurgency.
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BuzzFeed, which laid off about 100 people last fall, is cutting another 20 people as part of a reorganization on its business side.
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It was modeled after his reorganization of the authority's bus system in the 1980s, a management structure that is still in use today.
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The officials spoke on the condition of anonymity because they were not authorized to discuss the specifics of the reorganization of security personnel.
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The shifts are part of a major reorganization underway by Susan Zirinsky, who took over as president of CBS News on March 1.
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Nadella announced Chief Insights Officer Mark Penn's plans to leave at the same time, but said his departure was unrelated to the reorganization.
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But the most intriguing chapter is Hone's study of a critical but largely unrecognized reorganization that transformed Navy operations beginning in late 1942.
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As part of this reorganization, Ross was offered a new position at the exact same level and compensation, which he declined to accept.
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The jobs bank was eliminated in the bankruptcy reorganization, and this time G.M. was able to prevail on its determination to close plants.
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Their relationship seems to have soured when Expedia embarked on a reorganization and did not achieve the outcomes the board wanted to see.
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The streaming company&aposs leadership will report to execs within Disney&aposs direct-to-consumer and international business as part of a reorganization.
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Works council chief Bernd Osterloh said production programs had been changed and shifts re-allocated as part of a reorganization of all plants.
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It also announced a broad reorganization to focus less on selling pizza directly, and more about providing logistics technology for the restaurant business.
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Tillerson will also need to defend his reorganization plans to Congress and to those within the department that are skeptical of his efforts.
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Matthews worked as a presidential speechwriter and with the President's Reorganization Project, a program that sought to restructure executive offices, agencies, and departments.
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Mr. Mulvaney's reorganization left untouched several other groups with similarly specific focuses, including offices that concentrate on protecting service members and older Americans.
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Mr. Forman, the chief executive, said pension benefits would be paid to "substantially all of the plan's participants and beneficiaries" under the reorganization.
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