Jarvis surges after chief says troubles are behind it
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Jarvis, the troubled rail and road services company, claims it has &quot;drawn a line in the sand&quot; after posting record half-year, pre-tax losses of Â£283m - worse than the most pessimistic City forecast.
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Sprint Nextel's interim chief executive acknowledged yesterday that the company had lost focus, and he vowed to rally its beleaguered workforce.
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When Gary D. Forsee took over as chief executive of Sprint Corp. 20 months ago, the phone company was reeling from the telecom bust, burdened by debt and grappling with bigger competitors on three fronts: local, long-distance and wireless calling.
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The chairman and chief executive of YRC Worldwide, owner of the Yellow and Roadway truck lines, spoke recently about the companyÂs rapid growth.
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LONDON, December 27  - Engineering and construction group Jarvis (JRVS.ISE) is likely to ward off a financial collapse with the sale of its one third stake in Tube Lines Holdings, Londonâs underground rail network, for Â£146.8 million
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Troubled engineering and construction group Jarvis has bought itself a financial life-line by selling its 33% stake in the Tubes Lines underground consortium to Amey, part of Spanish construction group Ferrovial, for Â£150m.
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CRISIS-rocked rail and road contracting firm Jarvis sent its shares crashing again yesterday when it gave warning it faced collapse within weeks if it could not reschedule debt-repayments with its banks.
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CEO John Allison discusses the firm's challenges and opportunities.
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By Alistair Osborne, Associate City Editor (Filed: 27/12/2004). Jarvis&#39;s chief executive has admitted that the infrastructure services group will still require a debt-for-equity swap, despite securing its short
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The former accountant testified today that he had taken his concerns over the mortgage giant's bookkeeping directly to the company's chief executive.
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The speech-recognition specialist has a gap in its GAAP numbers.
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A CEO reveals some horrible news.
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Security and enterprise issues and services are taking new priority for the handset maker.
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CEO tells securities analysts that company is doing well, but still needs to reduce costs.
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CEO James Balsillie doesn't seem too worried about the long term effects from the company's recent 3-hour outage this week.
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The turmoil comes just days after its new chief presented a rescue plan intended to turn the plane manufacturer around.
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Business & money: New chief executive says retailer was left with large quantities of unsold goods in run-up to Christmas