News
Trump launches midterm campaign blitz in Iowa, hails low gas prices and economic turnaround
President Trump received a hero's welcome in the heartland as he kicked off a midterm election roadshow to promote his economic agenda and…
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
Nike Shifts Top Leadership in China, EMEA as Turnaround Efforts Continue
The Nike leadership shuffle continues. In a note sent to employees on Tuesday, Nike president and chief executive officer Elliott Hill…
Business
Shiseido faces tough turnaround after costly cosmetics stumbles
The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands Shiseido, once a…
Business
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises…
News
Border turnaround takes center stage in GOP midterm strategy
National Border Patrol Council President Paul Perez said Friday that the resources provided to border officials through the GOP's One Big…
Business
Saks mulls bankruptcy year after raising billions for turnaround
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is…
Business
Seven & i’s IPO of US arm hinges on faster turnaround, CEO says
Seven & i Holdings’ chief executive is pressing its US convenience-stores business to deliver a faster turnaround as the retailer seeks a…
Business
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines Nike is running out of time to prove its China…
Business
Musk’s X posts higher sales amid costly turnaround
Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from…
Business
Fossil CEO Franco Fogliato Hits the Next Stage of the Watchmaker’s Turnaround
Franco Fogliato is finally ready to have some fun at Fossil Inc. The chief executive officer — who joined the watchmaker from sports…
News
Target has a new ’10-4′ policy: Here’s what customers can expect from the retailer’s turnaround plans
You may see more smiles next time you walk into a Target. That’s because the big box retailer is hoping to provide an “elevated” customer…
Business
ASX appoints new compliance chief amid pressure to deliver on turnaround plan
AUSTRALIAN stock exchange operator ASX has appointed Lucinda McCann as its new chief compliance officer with immediate effect, the company…
Business
UnitedHealth’s Q3 earnings report shows turnaround efforts are gaining steam
UnitedHealth on Tuesday raised its annual profit forecast and said it aims to grow in 2026, in a sign that the turnaround efforts under…
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…
News
Singapore 6-month T-bill cut-off yield stays flat at 1.44% after turnaround at previous auction
This is unchanged from the 1.44 per cent offered in the last six-month auction that closed on Sep 25 The cut-off yield on Singapore’s…
Culture
Warner Bros. Renews Michael De Luca, Pamela Abdy Contracts After ‘Sinners’ and ‘Minecraft’ Spark Epic Box Office Turnaround
A few months ago, Hollywood was convinced that Michael De Luca and Pamela Abdy were about to be fired as co-heads of Warner Bros.…
Business
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
CGS International has upgraded its recommendation on Grab to “add”, from “hold” previously, and raised its target price by 29.6 per cent…
Business
Stellantis said to plan US$10 billion in US turnaround investments
The carmaker is temporarily pausing production at eight of its plants in Europe amid lagging demand for models including the Alfa Romeo…
Business
Kohl’s Sees Turnaround Efforts Starting to Kick In, But Sales Still Declining
Turnaround efforts at Kohl’s, after months and months of work, appear to be starting to pay off. On Wednesday, Kohl’s reported…
Business
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
Business
China Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
Seven & i risks becoming buyout target again if turnaround fails
Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings…
Business
Nike CEO Says Q4 Results ‘Are Not Where We Want Them to Be’ Amid Turnaround Push
Shares of Nike Inc. slipped 1 percent to $62 on Thursday afternoon following fourth-quarter 2025 results, which were in-line with…