restructuring

Restructuring and impairment charges total $18.7 billion for Intel

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Restructuring and impairment charges total .7 billion for Intel

Intel announced a significant $18.7 billion set of restructuring and asset impairment charges on Thursday in an effort to streamline its operations and boost its competitiveness. The chipmaker’s latest quarter saw a less severe revenue decline than expected, leading to a 10 per cent increase in its shares in after-market trading. The company’s forecast for … Read more

Major restructuring leads Germany’s largest lender to report a 42% rise in quarterly profits

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Major restructuring leads Germany’s largest lender to report a 42% rise in quarterly profits

“ Germany’s largest bank, Deutsche Bank, reported a significant increase in third-quarter profits, driven by the resolution of investor lawsuits related to its Postbank division. Net profits reached 1.46 billion euros ($1.58 billion), a 42 percent rise from the previous year. Analysts had predicted a figure of 1.32 billion euros, according to FactSet. The profits … Read more