×

Leadership Business Events

  • WASHINGTON, April 27- The U.S. Congress began moving to extend Friday's budget deadline until May 5 and is expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown. House Appropriations Committee Chairman Rodney Frelinghuysen introduced a bill late on Thursday night to...

  • WASHINGTON, April 26- An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. territory would not necessarily file for bankruptcy if it failed to reach a debt restructuring deal with creditors before Monday's negotiating deadline. "It depends on legal actions, if go after our officials, Elias Sanchez, Rossellos liaison to...

  • COPENHAGEN, April 27- Danish energy group DONG Energy posted first quarter profit below analyst expectations on Thursday, with the lack of any wind farm divestments so far this year proving a drag. With the upcoming 50 percent divestment of its Walney Extension wind farm in the Irish Sea and the construction of its Race Bank farm off the east coast of England, DONG...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • TOKYO, April 27- Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities. The Nikkei business daily reported Chinese-owned car parts maker Key Safety Systems, the...

  • WASHINGTON, April 26- An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. territory would not necessarily file for bankruptcy if it failed to reach a debt restructuring deal with creditors before Monday's negotiating deadline. "It depends on legal actions, if go after our officials, Elias Sanchez, Rossellos liaison to...

  • TOKYO, April 27- Trading in shares of Japan's Takata Corp was suspended on Thursday after a newspaper report that the embattled auto parts maker was considering filing for bankruptcy protection, selling all operations to a newly created company. The Nikkei business daily said the plan would call for U.S.-based Key Safety Systems, a unit of China's Ningbo...

  • The company raised its full-year profit forecast to $1.28- $1.33 per share from $1.26- $1.31, and said its board authorized a $5 billion share buyback program. Revenue rose 17 percent to $2.98 billion, beating analysts' average estimate of $2.94 billion. Chief Financial Officer John Rainey said the company was planning some staff cuts and other restructuring...

  • The company raised its full-year profit forecast to $1.28- $1.33 per share from $1.26- $1.31, and said its board authorized a $5 billion share buyback program. Revenue rose 17 percent to $2.98 billion, beating analysts' average estimate of $2.94 billion. Chief Financial Officer John Rainey said the company was planning some staff cuts and other restructuring...

  • The company, which was founded in Georgia but sold a majority stake to Hong Kong- based Shunfeng International Clean Energy in 2015, filed a rare Section 201 petition with the U.S. International Trade Commission nine days after seeking Chapter 11 bankruptcy protection. The U.S. arm of Germany's Solarworld AG succeeded twice since 2012 in convincing the U.S. to...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • April 26- Walt Disney Co' s ESPN television unit is laying off about 10 percent of its 1,000 on-air staff, according to a source familiar with the situation. In a memo to employees on Wednesday, ESPN President John Skipper announced changes to ensure the company is quicker to respond to the changing viewing patterns of sports fans. Our content strategy- primarily...

  • LONDON, April 26- Prime Minister Theresa May said on Wednesday her government was talking to Nestle after the Swiss-based company announced plans to cut almost 300 jobs in Britain, a move she said was not connected to Brexit. Nestle said on Tuesday that the 298 proposed cuts were being made at four sites in northern England and Scotland, where it wants to...

  • Cenovus last month agreed to buy most of ConocoPhillips' Canadian oil and gas assets in a C $17 billion deal that effectively doubled the size of the Canadian oil company. The company's net profit was C $211 million, or 25 Canadian cents per share, in the first quarter ended March 31, compared with a loss of C $118 million, or 14 Canadian cents per share, a year earlier.

  • *Warsaw's commitment to coal expansion lowers risk for investors. WARSAW/ LONDON, April 25- Many Western banks and finance institutions have pledged to divest from coal, but this has not stopped at least one Polish utility that is expanding its use of the fossil fuel from securing funding through banks and the European Investment Bank. Furthermore, the...

  • Freeport, which resumed copper concentrate exports from Indonesia on Friday after securing a six-month permit, said it will immediately begin negotiations with Jakarta on a long-term license for Grasberg, the world's second-biggest copper mine. New rules in Indonesia require miners to divest a 51 percent stake in their operations, relinquish arbitration...

  • *Q1 operating loss 12.3 bln SEK vs forecast 12 bln. LONDON/ STOCKHOLM, April 25- Mobile telecom equipment maker Ericsson faces a long and painful overhaul after shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday. The Swedish company, which is seeking to reposition the business for growth under new...

  • ROME/ MILAN, April 24- Workers in loss-making Italian airline Alitalia rejected a management restructuring plan to cut jobs and salaries on Monday, betting that the government will be asked to call in an administrator to draft an alternative rescue plan. The flag carrier, owned 49 percent by Abu Dhabi- based Etihad Airways, has been bailed out repeatedly by...