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Leadership Business Events

  • Feb 24- BCBG Max Azria Group LLC, whose form-fitting party dresses have been worn by celebrities Selena Gomez, Drew Barrymore and others, is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday. Its owner, investment firm Guggenheim Partners, did not respond to requests for comment. In a call with landlords...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported. Indianapolis- based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. Indianapolis- based hhgregg's shares fell 20 percent...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing people familiar with the matter. The Indianapolis, Indiana- based company's stock has...

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell as much as 5 percent on Friday as the British bank said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • Feb 24- Department store operator J.C. "We believe closing stores will also allow us to adjust our business to effectively compete against the growing threat of online retailers," Chief Executive Officer Marvin Ellison said in a statement. Penney said it expected annual savings of about $200 million from the cost-cutting measures, and would take a related...

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell four percent on Friday as the British lender said it would not pay a dividend for 2016 due to restructuring costs, but increased its staff bonus pool by 5 percent.

  • TOKYO, Feb 24- Toshiba Corp, responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors- an option analysts say could jeopardize the entire group. The Nikkei business daily reported Toshiba was now looking at a potential Chapter 11 filing as one of several...

  • TOKYO, Feb 24- Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering seeking protection from creditors, an option analysts say could put the entire TVs-to-construction conglomerate at risk if exercised now. In theory, it could help the Japanese firm draw a line under problems at Westinghouse that have resulted in a...

  • TOKYO, Feb 24- Japanese conglomerate Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection. A Chapter 11 filing could help Toshiba draw a line under a decade-long U.S. nuclear venture that has pushed the Japanese group to the brink, forcing it to offer a majority stake in its...

  • TOKYO, Feb 24- Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection.

  • FRAMINGHAM, Mass.— In a story Feb. 22 about the expansion plans of the company that owns T.J. Maxx and Marshalls, The Associated Press reported erroneously that TJX Cos. plans to open the first two of its new home stores later this year. T.J. Maxx parent steps up expansion, plans new home chain. The parent company of T.J. Maxx and Marshalls plans to expand even faster and...

  • Feb 21- Insurance giant American International Group Inc has reached a deal to sell one of its lesser-known assets: a northern Vermont ski slope. Vail Resorts Inc, a Broomfield, Colorado- based company that runs mountain resorts, has signed a $50 million agreement to buy the ski operations of Stowe Mountain Resort from AIG's real-estate business, the resort...

  • LONDON— Banking group Barclays said Thursday it will complete its restructuring plan six months early as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London. They include retail banking in continental Europe and corporate banking in Africa and the Middle East, among others. Shares rose more than 4 percent in...

  • Feb 22- A judge has crushed the hopes of a group of investors in Ultra Petroleum Inc, a bankrupt natural gas company, who had sought to collect a $300 million windfall because a clerk entered a court order on the wrong date. Bankruptcy Judge Marvin Isgur approved on Feb. 13 the disclosures for Ultra's plan to emerge from Chapter 11, although his order was not put on the...

  • Jeff Brown, who owns six local ShopRite supermarkets, told The Philadelphia Inquirer he expects to cut 300 jobs. Bob Brockway, chief operating officer of Canada Dry Delaware Valley, has predicted a 20 percent workforce reduction by March. Mayor Jim Kenney pushed through the 1.5 cent- per-ounce tax on sweetened and diet beverages to pay for nearly 2,000...