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More Restructuring of Vocational Rehabilitation Programs

U.S. News

The Department of Education said in April that its vocational rehabilitation bureau for years spent millions more than it took in. That prompted a restructuring of the bureau and an effort to preserve as many services as possible while cutting costs.


Exclusive: PG&E to Tap Restructuring Chief in Final Bankruptcy Preparations - Sources

U.S. News

Mesterharm, a managing director at turnaround and consulting firm AlixPartners LLP, previously served as restructuring chief at Eastman Kodak Co during its bankruptcy proceedings. Other companies he has advised on restructurings include mall owner General Growth Properties and Zenith Electronics. He has advised PG&E in the weeks leading up to its anticipated bankruptcy filing, the sources said.


Court Approves Tops Grocery Store Restructuring Plan

U.S. News

Headquartered in the Buffalo suburb of Williamsville, Tops announced in February that it was filing for Chapter 11 bankruptcy. Since then, it's announced the closing of 10 stores and gotten court approval for a pension agreement with the United Food and Commercial Workers Union, which represents most of its workers.


Investors Seek Restructuring Details in Ford 3Q Results

U.S. News

Ford CEO Jim Hackett has promised $11 billion in cuts over five years as the company resizes to better compete globally. Ford has confirmed that some employees will lose jobs. Its earnings have been shrinking, and Wall Street analysts expect more of the same during the July-through-September period.


Investors Seek Restructuring Details in Ford 3Q Results

U.S. News

Ford CEO Jim Hackett has promised $11 billion in cuts over five years as the company resizes to better compete globally, and it has confirmed that some employees will lose jobs. Its earnings have been shrinking, and Wall Street analysts expect more of the same during the July-through-September period.