In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
On Friday, Japan’s Toshiba Corp stated, it has filed an application to return to the Tokyo Stock Exchange’s first section. In 2017, Toshiba was relegated to the second section following a massive writedowns at its U.S. nuclear power business after… Read More ›
On Tuesday, Britain’s accounting watchdog stated, companies should disclose the financial impact that China’s coronavirus will have on their businesses, if any. Annual reports for 2019 are due and companies are required by law to disclose the main risks and… Read More ›
PG&E Corp is of the opinion that authorities are likely to conclude that the November forest fire, California’s most destructive and deadliest fire of modern times, was sparked by its equipment. In a filing in U.S. Bankruptcy Court in San… Read More ›
PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›
Along with Nora Mead Brownell’s appointment, PG&E Corp added several others to its board. These new addition to its board come in the wake of an ongoing battle with shareholder BlueMountain Capital Management LLC as well as crushing liabilities from… Read More ›
Billionaire investor Warren Buffet’s love for Apple Inc is taking a toll on Berkshire Hathaway Inc’s net worth and its bottom line. Despite Warren Buffet’s optimism in view of falling prices of Apple Inc’s shares, Berkshire Hathaway Inc, took a… Read More ›
This brings a closure to Toshiba’s 2015 accounting scandal. On Monday, is what is likely to be a huge sign of relief for Japan’s Toshiba Corp, the conglomerate disclosed that the U.S Securities and Exchange Commission (SEC) had completed its… Read More ›
Fears that Western Digital might take over control of Toshiba’s chip business led to it being dropped as the preferred bidder, said sources. According to two sources briefed on the matter at hand, Toshiba Corp favors a consortium led by… Read More ›
The company has got itself a sponsor from U.S.-based Key Safety Systems which is owned by China’s Ningbo Joyson Electronic Corp. Japanese airbag manufacturer, Takata Corp which found itself in the centre of one of the auto industry’s biggest ever… Read More ›
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