Business
Once high-flying PayPal becomes a takeover target as it attempts a turnaround
Digital payments giant PayPal was soaring high five years ago, riding the surge in online shopping after the COVID-19 pandemic reshaped…
Tag
Turnaround
Business
UPS to cut another 30,000 jobs as it doubles down on turnaround
United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions…
Business
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
Politics
German Chancellor Merz believes economic turnaround is under way
German Chancellor Friedrich Merz speaks during his summer press conference in Berlin. Merz is continuing the tradition of summer press…
Fashion
Gucci owner Kering turns to Renault CEO in turnaround bid
Kering is set to name the chief executive officer of Renault as its next CEO, looking to an Italian manager who’s turned around the French…
Business
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as…
Business
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the…
Business
Starbucks Profit Drops, but Leaders Say Turnaround Is Working
Faster coffee. More baristas. More seating. Despite headwinds from higher coffee prices and tariffs on certain products, Starbucks is…
Business
Starbucks says turnaround on track as sales decline persists
Starbucks’ chief executive officer said he’s confident the company’s turnaround is progressing even though a key gauge of sales declined…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…
Business
Renault, Nissan further loosen ties to support Japanese firm's turnaround
Automakers Renault and Nissan said on Monday (Mar 31) they had agreed to further amend their two-decade-old partnership to allow for a…
Business
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; Maybank upgrades to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which…
Business
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; DBS, Maybank upgrade to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which…
Business
Starbucks cuts 1,100 corporate jobs in bid to speed turnaround
STARBUCKS is eliminating 1,100 corporate jobs in a move aimed at increasing efficiency and quickly enacting changes to revitalise the…
Fashion
Gucci sales tumble as Kering turnaround fails to take shape
GUCCI quarterly sales tumbled as Kering’s biggest label struggles to emerge from an extended demand downturn. Revenue at Gucci fell 24 per…
Business
Nokia hires Intel’s AI executive as CEO in push for turnaround
NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network…
Business
Disney raises Bob Iger’s pay by 30%, reflecting turnaround in profit
WALT Disney boosted chief executive officer Bob Iger’s total pay by 30 per cent in fiscal 2024, underscoring his turnaround of the media…
Business
Adidas seals turnaround year with strong fourth-quarter sales
ADIDAS reported what it said were better than expected preliminary fourth-quarter results on Tuesday (Jan 21), with strong sales and…
Business
Nike results beat low expectations; CEO warns turnaround will be a slog
NIKE’S results beat modest estimates on Thursday (Dec 19) and its shares jumped briefly, but the company soon dashed investor hopes and…
Politics
German Cabinet passes 2025 budget, hailing 'economic turnaround'
Germany's Cabinet on Wednesday finalized the 2025 budget after weeks of wrangling, sending the €480.6 billion ($526 billion) package to…