restructuring plan

Blockbuster, (BBICP) the movie-rental chain that filed for bankruptcy last month, may have a new CEO by the end of the year. The company has agreed to hire a headhunter to look for new blood once it emerges from bankruptcy protection, The Wall Street Journal said without naming its sources....

Japan Airlines plans to slash its workforce and reduce the number of planes in its fleet as part of its bankruptcy restructuring. The airline aims to eliminate more than 16,000 positions, BBC News reported. Some of these reductions will come through early retirement and the sale of subsidiaries....