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In corporate news this week, Best Buy (BBY) announced that net income during the quarter fell by 90 percent, due to weak sales and restructuring charges.
FORBES: Weekly Wrap
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It may be worsening the problem by enabling too many competitively weak companies to avoid restructuring and to continue to operate even as they deliver next to nothing to shareholder.
FORBES: Is the Japanese Market a Good Investment?
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Due to a weak macroeconomic environment, a slowing PC market and restructuring efforts, the company expects a marginal decline in revenue across all divisions except the software division.
FORBES: HP's Earnings: Restructuring And Weak PC Market Will Be A Drag
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Downsizing and corporate restructuring hit hard at the enlightened benevolence of weak firms.
ECONOMIST: Poverty in America
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And once the bill was passed, the government planned to set up a financial restructuring authority to take over the management of weak banks.
ECONOMIST: India��s banks
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Legislation significantly increased the public funds available for bank restructuring, and established a general framework for recapitalizing weak but solvent banks, as well as for dealing with insolvent banks through temporary nationalizations and bridge banks.
CNN: REFORM IS CRUCIAL
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The failure, caused by political hostility and weak nerves, has been a big blow to the cause of industrial restructuring in Germany, and to the idea that shareholders, rather than politicians, trade unionists and managers, should have the final say in a company's future.
ECONOMIST: Auf Wiedersehen, shareholders | The
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For governments and universities in countries with weak higher education systems and severe shortages of quality faculty, the coming decade of industry restructuring in the U.S. and a small number of other advanced countries represents an unprecedented opportunity.
FORBES: The Real Winners of the Coming Revolution in Higher Education