restructuring - HoustonNewMedia.org

Baker Hughes restructuring business to drive profitability, names management team

Google Alert - "Sugar Land" — Wed, 07 Sep 2022 00:15:40 +0000

Meanwhile, Baker Hughes recently announced plans to acquire a business unit from Sugar Land-based Team Inc. (NYSE: TISI) for $280 million in cash.

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United Airlines cutting 13 top management positions in restructuring

I-Chun Chen — Fri, 29 May 2020 23:36:24 +0000

United Airlines is eliminating 13 of its 67 officer positions as restructures its business to address the sharp fall in travel demand due to the coronavirus pandemic.

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Howard Hughes Corp. halts construction, delays restructuring amid coronavirus pandemic

Jeff Jeffrey — Thu, 02 Apr 2020 19:44:35 +0000

Howard Hughes Corp. has put a halt on construction and postponed plans to restructure the company, citing the economic fallout caused by the ongoing COVID-19 coronavirus pandemic.

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Houston energy co. completes out-of-court restructuring

Olivia Pulsinelli — Mon, 09 Mar 2020 13:20:01 +0000

Houston-based Key Energy Services Inc. completed its restructuring on March 6 and named new board members.

The onshore well-servicing contractor first announced in January that had reached an agreement to restructure without filing for bankruptcy prot...

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Shareholders clear path for Houston energy co. restructuring

Joshua Mann — Fri, 21 Feb 2020 21:03:00 +0000

The company already had the support of a majority shareholder, but the vote means the company can officially move forward.

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Behind the deal: Energy services co.’s restructuring nabbed major shareholder approval

Joshua Mann — Tue, 28 Jan 2020 21:56:30 +0000

Companies trying to do an out-of-court restructuring often have trouble corralling a broad base of investors to approve the measures needed to restructure debt. But Key Energy already has an important shareholder's approval wrapped up.

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University of St. Thomas undergoing restructuring, layoffs as part of strategic plan

Emma Whalen — Thu, 12 Dec 2019 17:49:00 +0000

By May 2020, up to 30 faculty positions will be cut, but no programs will be eliminated as a result, officials said.

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Private Houston university cuts 30 faculty jobs amid restructuring

Laura Gillespie — Mon, 09 Dec 2019 21:39:59 +0000

In an effort to save between $5 million and $6 million, the University of St. Thomas is reorganizing schools and departments, shuffling positions, reworking its core curriculum and not renewing the contracts of 30 members of faculty.

These changes ar...

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McDermott to negotiate restructuring as it staves off default

Joshua Mann — Thu, 05 Dec 2019 13:14:33 +0000

The company has entered into a forbearance agreement with some of its creditors after skipping an interest payment.

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