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restructuring

After successfully revising its business processes and restructuring its operations in Europe, premium cosmetics maker Revlon now plans to implement similar changes in its operations globally. Trefis examines how those changes worked in Europe, and what they mean for the company's future profits.
Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.
Aon Corp., the world's biggest insurance broker, revealed in a regulatory filing Thursday a restructuring plan which includes cutting 1,500 to 1,800 positions globally, as it combines the operations of the recently acquired Hewitt Associates with its own.
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....
It's official. Ford has begun winding down its long-lived Mercury brand, ending production of the Mountaineer sports-utility vehicle Friday. In June, Ford announced its intention to shutter the 71-year-old nameplate as part of a plan to devote more resources to its Lincoln and Ford brands.
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....
Playboy Enterprises is downsizing again as it continues its transition from a lifestyle and media business into a brand-management company. The company expects to save more than $3 million annually.
Dutch insurer Aegon announced it will restructure operations in Britain and look into strategic options for Transamerica -- its U.S.-based life reinsurance arm.
Company news that could affect stock prices today including: a Swiss court's decision that chief financial markets regulator broke the law when it ordered UBS AG to give the U.S. data about its clients, and Teva Pharmaceutical Industries' withdrawal of its appeal of a U.S. court ruling that favored Merck and its patent on the asthma treatment Singulair.
Faced with the likelihood of breaching its financial covenants, Citadel Broadcasting -- which syndicates several popular broadcasters, such as Don Imus -- took the initiative Sunday and filed for bankruptcy protection. That will let the radio broadcaster get out from under most of its $2.5 billion debt.

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