turnaround
Flash Coffee taps ex-Foodpanda CEO in turnaround bid
AFTER a rough couple of years, tech-enabled coffee chain Flash Coffee has hired former Foodpanda CEO Jakob Angele as its executive chairman in a bid to hit profitability.The firm,...
Eyeing a turnaround, Kelly Ortberg takes helm as Boeing CEO
BOEING’S new CEO Kelly Ortberg began work on Thursday (Aug 8) at the embattled aviation giant, vowing closer attention to operations as the company seeks to rebound from stumbles...
Siemens Energy raises cash flow outlook as turnaround gains momentum
SIEMENS Energy on Wednesday (Aug 7) raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid equipment and gas...
Intel shares set for record 28% slump as turnaround struggle deepens
INTEL shares sank nearly 28 per cent on Friday and were set for their worst day ever after the company suspended dividend and slashed workforce to fund a costly...
Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet
INTEL said on Thursday it would cut more than 15 per cent of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a...
Seatrium marks turnaround with H1 net profit of S$36 million
OFFSHORE and marine specialist Seatrium on Friday (Aug 2) marked its turnaround with a net profit of S$36 million for the first half ended Jun 30, reversing from a...
PayPal’s turnaround plan faces challenges from competition, analysts say
AS PAYPAL embarks on an ambitious turnaround strategy to revitalise growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from Big Tech and beyond.The concerns...
Ringgit turnaround set to accelerate on export boom, Fed pivot
THE Malaysian ringgit’s rebound is gathering pace, thanks to stronger growth and expectations of an impending interest rate cut by the Federal Reserve.After falling to a 26-year low in...
