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Thyssenkrupps Interim Chairman Says Structure Is Not Sacrosanct Focus

FRANKFURT – Thyssenkrupp’s (TKAG.DE) workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman...

Sampp Lowers Turkeys Credit Rating Deeper Into Junk Territory

ISTANBUL – Standard & Poor’s said on Friday it had cut Turkey’s sovereign credit rating deeper into “junk” territory, citing extreme...

Exclusive Oxycontin Maker Purdue Taps Financial Restructuring Adviser -sources

NEW YORK/BOSTON – OxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential...

Credit Suisse Divides International Wealth Unit Into More Regions Bloomberg

– Credit Suisse Group AG (CSGN.S) is splitting its international wealth-management unit into seven regions from four, in an ongoing push by Chief Executive Officer...

Thyssenkrupp Needs New Strategy Targets Not Enough Investor

DUESSELDORF – Thyssenkrupp (TKAG.DE) needs a broad overhaul in strategy carried about by a new external chief executive, as mid-term targets announced this week...

Thyssenkrupp Ceo Sees Job Cuts As Part Of Overhaul Faz

BERLIN – Germany’s embattled industrial group Thyssenkrupp (TKAG.DE) expects job cuts as part of an overhaul of its operations, daily Frankfurter Allgemeine...

Exclusive Mattress Firm Explores Us Bankruptcy To Close Stores

– Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut...

Exclusive Mattress Firm Explores Us Bankruptcy To Close Stores -sources

– Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut...

Symantec Cuts 8 Percent Of Workforce Slashes Revenue Forecast

– Symantec Corp (SYMC.O) will cut 8 percent of its global workforce to boost profit margins, the antivirus software maker said on Thursday, while also lowering its...

Exclusive Deutsche Bank Reports Show Chinks In Money Laundering Armor

FRANKFURT – Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters...