All articles tagged with #debt reduction
Stanley Black & Decker plans to sell its aerospace manufacturing unit, CAM, to Howmet Aerospace for $1.8 billion to reduce debt and fund growth opportunities, with the deal expected to close in 2026.
President Trump promised Americans $2,000 payments from tariff revenue, but experts caution that the revenue generated is unlikely to cover such payouts due to lower-than-claimed tariff income and existing commitments to debt reduction and tax cuts. The proposal lacks detailed plans and legal clarity, and the actual cost of tariffs to Americans exceeds the proposed dividend amount, making the promise unlikely to be fulfilled as stated.
Beyond Meat's shares fell below $1 due to investor concerns over its plan to issue more shares to reduce debt, amid ongoing struggles with weak demand and declining sales, leading to a significant stock decline and potential delisting risk.
Beyond Meat's shares fell below $1 due to investor concerns over its plan to issue new shares to reduce debt, amid ongoing struggles with weak demand and declining sales, especially in the U.S., leading to fears of delisting from Nasdaq.
Warren Buffett's Berkshire Hathaway has invested nearly $10 billion in Occidental Petroleum by acquiring its chemical unit, OxyChem, to help reduce the company's debt and focus on core oil and gas operations. Despite recent stock declines and sector challenges, Occidental aims to strengthen its financial health through asset sales and debt repayment, with analysts suggesting moderate upside potential for OXY stock.
Occidental Petroleum is selling its chemicals division, OxyChem, to Berkshire Hathaway for $9.7 billion to reduce debt following costly acquisitions, with plans to use most of the proceeds to lower its debt below $15 billion and refocus on its core oil and gas business.
Berkshire Hathaway is in talks to acquire Occidental Petroleum's petrochemical business for $10 billion, a move that could benefit Buffett by acquiring a depressed but potentially growing asset at a reasonable price, while helping Occidental reduce its substantial debt load.
Wolfspeed emerged from Chapter 11 with significantly reduced debt and a new board, but shareholders faced an 85% loss in value due to massive stock dilution; the company is focusing on AI, EV, and energy markets with new manufacturing investments and government support to drive a turnaround.
The US government now accepts Venmo payments to help reduce the over $36 trillion national debt, with donations also possible via bank, PayPal, or credit card, although individual contributions are unlikely to significantly impact the debt which grows by nearly $55,000 per second.
French Prime Minister François Bayrou proposed cutting Easter Monday and May 8 public holidays to help reduce the country's €43.8 billion budget deficit, sparking political backlash and raising concerns about government stability amid efforts to increase defense spending and implement austerity measures.
Wolfspeed's shares surged over 85% after announcing a Chapter 11 bankruptcy filing to reduce $4.6 billion in debt through a creditor-backed reorganization, with plans to emerge from bankruptcy by the end of Q3, boosting market confidence in its future growth prospects.
President Trump's 'One Big Beautiful Bill' aims to boost economic growth and significantly reduce the national debt, with projections showing debt-to-GDP falling to 94% by 2034 and deficits nearly halved, contrasting with current policies that threaten to increase debt and deficits.
Paramount Global's leadership team outlined plans to cut $500 million in costs, explore streaming joint ventures, and divest non-core assets at the annual shareholder meeting. These strategies aim to reduce debt and improve the company's credit rating, serving as an alternative if a proposed merger with Skydance Media and private equity firms does not proceed.
The Adani Group's credit profile has significantly improved as its net debt to Ebitda ratio has declined to 2.19 times in FY24, with cash reserves at an all-time high of Rs 59,791 crore. The group's credit ratings have seen substantial upgrades, and its diversified debt capital book shows balanced exposure to domestic and global markets. Chairman Gautam Adani highlighted the group's resilience and strong recovery, with market capitalization reaching Rs 17.94 lakh crore.
A no-buy challenge involves setting personal rules to avoid spending on non-essential items for a set period, helping to reduce debt and declutter. Key tips include identifying spending weaknesses, making personalized rules, pausing before purchases, unsubscribing from shopping triggers, and being gentle with oneself during setbacks.