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Leadership Business Events

  • *Italy seen missing privatisation target for second year. *Analysts say Italy bond yields may surge without ECB support. ROME, March 29- Italy's commitment to selling off public assets is petering out as politicians look ahead to elections early next year, making it harder to cut the country's huge public debt and leaving it vulnerable to any rise in interest...

  • *Italy seen missing privatization target for second year. *Analysts say Italy bond yields may surge without ECB support. ROME, March 29- Italy's commitment to selling off public assets is petering out as politicians look ahead to elections early next year, making it harder to cut the country's huge public debt and leaving it vulnerable to any rise in interest...

  • SHANGHAI, March 30- China's State Power Investment Corp said Westinghouse's bankruptcy filing would not have a "substantial impact" on the country's nuclear plans and the two sides would ensure a key AP1000 reactor project would be completed on schedule this year. The project is the world's first Westinghouse-designed AP1000 reactor project, being built at...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...

  • CALGARY, Alberta, March 29- ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C $17.7 billion, making it the latest international oil major to pull back from a region where high costs and low crude prices have made it hard for large companies to make an acceptable return. For Calgary- based...

  • March 29- Amazon.com Inc plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday. The New Jersey- based subsidiary operates Diapers.com, Soap.com and other websites. Amazon's stock briefly hit a record high of $876.44 before closing at $874.32.

  • CALGARY, Alberta, March 29- ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy Inc for C $17.7 billion, making it the latest international oil major to pull back from the region. For Calgary- based Cenovus, among Canada's largest producers, the deal doubles its production to 588,000 barrels of oil...

  • March 29- Canada's Cenovus Energy Inc said on Wednesday it would buy ConocoPhillips' 50 percent stake in an oil sands venture owned by the two companies, and some oil and gas assets held by the U.S. company in Alberta and British Columbia for C $17.7 billion. Calgary- based Cenovus will pay C $14.1 billion in cash and 208 million Cenovus common shares, and launched an...

  • March 29- Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday. The e-commerce giant plans to terminate 263 employees in New Jersey this summer, according to a notice filed with the state's Department of...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • NEW YORK, March 29- Creditors of Puerto Rico's struggling power authority, PREPA, have presented the island's government with a counter-offer to restructure the utility's $8.9 billion of debt, two people familiar with discussions said on Wednesday. While details of the offer remain confidential, the revelation that the parties involved are working on a deal...

  • March 29- Canada's Cenovus Energy Inc said it would buy ConocoPhillips' 50 percent stake in an oilsands venture owned by the two companies, and some oil and gas assets held by the U.S. company in Alberta and British Columbia for $17.7 billion.

  • Westinghouse Electric Co., the U.S. nuclear unit of Japan's Toshiba Corp., filed for bankruptcy protection Wednesday, calling into question the future of a number of billion-dollar nuclear projects under construction, including two in the U.S. But some older nuclear plants are being shuttered and the four nuclear reactors Westinghouse is helping to build in...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related liabilities totalled $9.8 billion as of December, more than an...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's troubled U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that have plunged it into crisis. A bankruptcy filing will allow Pittsburgh- based Westinghouse, whose nuclear...

  • TOKYO— Japan's embattled Toshiba Corp. said Wednesday that its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, marking a key step in its struggles to stop the flow of massive red ink. Toshiba said in a statement that it filed the Chapter 11 petition in the U.S. Bankruptcy Court of New York. After the March 2011 nuclear disaster in...

  • TOKYO— Japan's Toshiba says Westinghouse has filed for bankruptcy protection in the US.

  • TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse Electric Co has filed for Chapter 11 bankruptcy protection, the Nikkei reported in a news alert on Wednesday.