The results of Sears's merchandising operations were depressed in large part by the costs stemming from the restructuring.
In a December planning report, new Emergency Manager Joyce Parker said Ecorse would save $2 million annually by bringing the city's Department of Works back in house, ending costly contracts stemming from the 1980s restructuring.
Ford's overall profit stemmed from debt restructuring and a resurgent finance arm.
He said it indicated that employees realized that Exxon's need to reduce its work force was not merely a short-term problem but stemmed from the restructuring of the oil industry caused by the decline in crude oil prices.
It is not the first time the former bank tellers, accountants and branch managers have sought to publicize their grievances, which stem from a restructuring of China's four largest banks as they prepared to go public, forcing out about 400,000 people during the decade-long purge.
Most bondholders have already accepted the agreement, which stems from the restructuring of bonds related to Argentina's default in 2001.ConAgra, a maker of packaged food for supermarkets to sell under their own brand labels, agreed to pay $5 billion for Ralcorp, a rival.
Mark Luschini, chief investment strategist at Janney Montgomery Scott, said that 106 billion euros might allow European banks to absorb losses stemming from a Greek debt restructuring, "but I'm not sure that it is enough to deal with write-downs on Italian debt if that country runs into trouble".
It now says to expect a pro forma loss of between $90 million and $110 million, or between 26 cents and 31 cents per share, not including restructuring charges stemming from its recently announced layoffs.
Representatives of consumer groups met with the Obama administration's auto task force this week to discuss lemon law problems and other issues stemming from the Chrysler bankruptcy and the restructuring of General Motors Corp., which also could wind up in Bankruptcy Court.
The fact that Russia's debt -- much of it stemming from the Soviet era -- needs to be restructured at all is something of a puzzle.
Ninety-three percent of creditors agreed to the restructuring in which debt stemming from Argentina's $100 billion default was exchanged for new issues at 35 cents on the dollar.
