Restructuring | featured news

Ford earned its largest profit in more than a decade in 2010, as demand for its cars and trucks rose and it benefited from years of restructuring.

Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, says it has filed for bankruptcy protection as the culmination of a long process to restructure its finances with the support of lenders.

Sanofi-Aventis said it is eliminating 1,700 jobs in its U.S. pharmaceutical business in a restructuring triggered by generic competition and other factors.

After 20 months and millions of dollars in attorney fees, time is running short on Tribune Co.'s campaign to control its own destiny in Bankruptcy Court.

House lawmakers hold their first hearing about how to restructure the mortgage system.

Sixteen months after they were seized to prevent collapse, companies remain wards of the state, running a tab that has now exceeded $125 billion.

JAL will shrink dramatically under a government-led restructuring plan, cutting significantly its work force, its routes, and the number of affiliated companies launched when the airline tried to diversify into a broad-based service firm.

Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.

Sears posted a $94 million loss on compensation and restructuring charges, widely missing expectations, as revenue fell.

A federal judge approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to complete its bankruptcy process.