Restructuring

Analytics Insight has listed the top 10 current cryptocurrency prices for March 20, 2023 In an order released on March 17, Venezuela’s president, Nicolás Maduro, declared the restructuring of the National Superintendency of Crypto Assets. Analytics Insight has listed the top 10 current cryptocurrency prices as of March 20, 2023. Bitcoin- US$27,452.61 (Up by 0.86%) Ethereum- US$1,756.75 (Down by 1.44%) Tether- US$1.00 (Up by 0.03%) BNB- US$334.97 (Up by 0.48%) USD Coin- US$0.9999 (Up by 0.05%) XRP- US$0.3828 (up by 1.11%)…

China Evergrande is close to reaching a debt-restructuring deal with foreign bond investors. Photo: Cfoto/Zuma Press…

Wendy’s Co. WEN 0.27% said it is targeting systemwide sales growth in the mid-single digits through 2025 as it embarks on a restructuring plan to streamline costs. The fast-food chain, based in Dublin, Ohio, said earlier this year that it was reorganizing in an effort to trim costs, a move that comes amid some signs of softening throughout the U.S. economy.  Wendy’s said Wednesday that its board approved the restructuring…

The advertising environment in the U.S. remains very challenging, Warner Bros. Discovery Inc. WBD 2.01% Chief Executive David Zaslav said as the entertainment conglomerate’s fourth-quarter revenue came in below Wall Street expectations.  Speaking to analysts Thursday about the company’s financial results, Mr. Zaslav said ad sales are continuing to be “very slow” in 2023. Mr. Zaslav said he is hopeful of a…

Bed Bath & Beyond Inc. said Friday it was closing an additional 87 of its flagship stores and its entire Harmon chain of drugstores, as the retailer struggles to find financial support to keep its operations funded. The latest closings are in addition to a plan announced in August to shut 150 lower-performing Bed Bath & Beyond locations, a spokeswoman said. The company said Friday it is also closing five of its Buybuy Baby stores. The company had about 50 Harmon stores as of February 2022.…

Logistics startup Flexport said it would cut about 20 percent of its global workforce as its new chief executive refocuses the business amid a sharp downturn in shipping activity. "Lower volumes, combined with improved efficiencies as a result of new organizational and operational structures, means we are overstaffed in a variety of roles across the company," Flexport said in a statement. The privately held company, which is one of the most valuable logistics startups, declined to say the number of employees affected by…

For the week before Christmas it’s been a banger of a news week, as two comics publishers have announced major changes in how they do business, and another imprint lost its founder. Let’s go to the bullet points: • AfterShock: Credit where due, Popverse’s Graeme McMillan has been all over the AfterShock bankruptcy filing, with a series of fact-filled stories. First, ongoing court filings have revealed the main cause of bankruptcy: an $11 million loan that eventually ballooned to $16 million with interest and missed…

LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest. LedgerX, one of the few solvent pieces of Sam Bankman-Fried's crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com and Gemini, according to people familiar with the matter. The unit, which is registered with the US Commodity Futures Trading Commission as a derivatives exchange, was a cornerstone of Bankman-Fried's efforts in…

Aanu Adeoye / Financial Times: Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries — Acting chief hunts for profits after continent's first ever tech unicorn plunges 70% in value since New York listing Aanu Adeoye / Financial Times: Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries …

Max Seddon / Financial Times: Sources: Yandex seeks Putin's assent for restructuring, including selling its Russian business and spinning off key global projects in edtech and other sectors — Yandex, the company often described as “Russia's Google”, is seeking Vladimir Putin's blessing to sell its operations in the country … Max Seddon / Financial Times: Sources: Yandex seeks Putin's assent for restructuring, including selling its Russian business and spinning off key global…