RIM and BlackBerry on the edge under new CEO

Posted by Reuters: Business News on January 23, 2012

TORONTO/LONDON (Reuters) – Takeover talk swirled around Research In Motion on Monday as investors and analysts pondered whether new Chief Executive Thorsten Heins had been appointed to lead a turnaround of the struggling smartphone maker or prepare it for sale.

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AlixPartners Hires Sui as Managing Director in Financial Services Practice

Posted by The Distressed Debt Report on January 12, 2012

Turnaround and restructuring firm AlixPartners hired Frank Sui as a managing director in its financi…
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Compass Lexecon Hires Financial Economist Cornell as Senior Consultant

Posted by The Distressed Debt Report on January 10, 2012

Compass Lexecon, a division of turnaround and restructuring firm FTI Consulting, hired financial eco…
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Ross, Burkle Bet on Amalgamated Bank Turnaround

Posted by The Distressed Debt Report on December 8, 2011

Wilbur Ross and Ron Burkle are betting that the U.S.'s only union owned bank can recover from massiv…
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Grant Thornton Expands in New England with CCR Acquisition

Posted by The Distressed Debt Report on December 1, 2011

Turnaround and restructuring firm Grant Thornton completed a major expansion of its New England oper…
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GM outlook disappoints, shares tumble

Posted by Reuters: Business News on November 9, 2011

DETROIT (Reuters) – General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy.

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In abrupt turnaround, Olympus admits it hid losses

Posted by Reuters: Business News on November 8, 2011

TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

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In abrupt turnaround, Olympus admits hid losses for

Posted by Reuters: Business News on

TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

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Failed BP deal renews pressure on CEO Dudley

Posted by Reuters: Business News on November 7, 2011

LONDON (Reuters) – The collapse of BP’s planned sale of a $7 billion stake in an Argentinean unit is Chief Executive Bob Dudley’s second failed multi-billion dollar deal this year and has renewed investor concerns about his claimed turnaround of the group.

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Restructuring Firm Benjamin Capital Advisors Opens Florida Office

Posted by The Distressed Debt Report on November 1, 2011

Turnaround and restructuring firm Benjamin Capital Advisors has expanded its operations by opening a…
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