restructuring

American Airlines' Flight Out of Bankruptcy Gets Bumpier

American Airlines executives hoping to bring the deficit-riddled carrier out of bankruptcy want to trim about 13,000 jobs. They left their unions' counteroffer sitting on the tarmac. Will the two sides ever be able to meet in the middle?

GM Posts Record Earnings: Is It Ready to Repay Bailout?

2011 was the most profitable year in General Motors' history. Thanks in large part to the $50 billion government-assisted restructuring it received, GM's U.S. operation is in good shape. So is it ready to fully pay back Washington now? Well, that depends on Europe.

Revlon to Give Itself a European Makeover

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.

Resurgent Ford Awards Top Two Execs $99 Million in Stock

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.

Insurance Broker Aon to Cut Up to 1,800 Jobs

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 Considers Switching CEO

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.

Ford Has Made Its Last Mercury Mountaineer SUV

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 to Cut 16,000 Jobs in Restructuring

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 to Cut More Jobs in Bid to Restructure

Playboy Enterprises is downsizing its organizational structure as it continues its transition into a brand management company. The company expects to take a second quarter restructuring charge of $3 million, but will save more than $3 million annually.

Aegon Looks to Sell Transamerica Re

Dutch insurer Aegon announced it will restructure operations in Britain and look into strategic options for Transamerica -- its U.S.-based life reinsurance arm.

Stocks in the News: UBS, Teva, Merck, Royal Bank of Scotland, AIG

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.

Citadel Declares Chapter 11

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.

GM to shut down Saturn brand

General Motors said Wednesday it will shut down its Saturn brand, after negotiations with potential buyer Penske Automotive Group (PAG)...