Leadership Business Events

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK, Nov 14- American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel, known as much for its sexually charged advertising, listed assets...

  • NEW YORK, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel listed assets and liabilities in the range of $100 million to $500 million, according to a Delaware court filing....

  • NEW YORK, Nov 14- American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • Nov 10- College e-learning firm ChinaCast Education Corp said it has filed for Chapter 11 bankruptcy to pursue claims of embezzlement against former executives while shielding itself from a class action lawsuit by investors. Wednesday's filing with the U.S. Bankruptcy Court in New York came a day after a U.S. District Court in Los Angeles awarded ChinaCast...

  • SAO PAULO, Nov 10- Phone carrier Oi SA, which in June filed for Brazil's largest ever in-court reorganization, has hired financial advisory firm Laplace Finanças to help restructure about 41.2 billion reais in debt with banks and bondholders, a person with direct knowledge of the matter said on Thursday. The board of Rio de Janeiro- based Oi formalized the hiring...

  • SAO PAULO, Nov 9- The board of Brazilian wireless phone carrier Oi SA has elected a new financial advisor for debt restructuring talks with bondholders and bank creditors, Chief Executive Officer Marco Schroeder said in an interview Wednesday. Schroeder declined to name the advisor, which will replace PJT Partners, because the contract has not been signed.

  • NEW YORK, Nov 9- NARL Refining notified employees Wednesday of plans to shed up to 130 jobs at its Come By Chance refinery in Newfoundland, Canada, sources said, the latest refiner along the Atlantic Coast to undergo painful belt-tightening amid weak margins. "They remain the most vulnerable," said Sarah Emerson, a managing principal at ESAI Energy LLC.

  • NEW YORK, Nov 9- NARL Refining notified employees Wednesday of plans to shed up to 130 jobs at its Come By Chance refinery in Newfoundland, Canada, the latest refiner along the Atlantic Coast to undergo painful belt-tightening amid weak margins. "They remain the most vulnerable," Sarah Emerson, a managing principal at ESAI Energy LLC. Philadelphia Energy Solutions,...

  • GM said it will furlough the employees when it cuts the third shift at its Lordstown, Ohio and Lansing, Michigan plants in mid-January. GM also said it will invest $211 million at the Lansing plant for an unspecified "new product program." The company also will invest $668 million in its Toledo transmission plant for a new generation of transmissions.

  • Trump repeatedly said during the campaign that if elected he would not allow Ford to open a new plant in Mexico and would slap hefty tariffs taxes on Ford vehicles. Ford said in April 2015 it planned to invest $2.5 billion to build two new plants in Mexico, adding 3,800 jobs. Earlier this year, Ford said it will invest $1.6 billion in Mexico for small-car production...

  • *Forecasts Q3 op profit of 10 bln yen. TOKYO, Nov 9- Japan Display Inc said it is slashing 30 percent of its workforce, or 4,700 jobs, to improve profitability but added that concerns about its cash position have eased as it is seeing strong demand for its screens from Chinese smartphone makers. But Japan Display played down liquidity concerns on Wednesday, saying...

  • Nov 8- American Apparel LLC has resumed talks with at least two potential bidders for the U.S. teen clothing retailer, after bankruptcy sale negotiations with brand licensor Authentic Brands Group LLC stalled earlier this week, a source close to the company said on Tuesday. Declaring bankruptcy would allow any buyer of the Los Angeles company to avoid tens of...

  • VIENNA, Nov 8- OMV said it is selling its UK business to Siccar Point Energy for up to $1 billion, putting an end to the Austrian oil and gas group's exploration activities in Britain as it seeks to escape high costs in areas such as the North Sea. The firm's Chief Executive Rainer Seele is unwinding a strategy set by his predecessor, who bought North Sea assets in 2013...

  • China, whose stimulus package spurred this year's commodities rally, is the biggest potential buyer. Together with Exxon Mobil Corp, BHP Billiton said it is considering selling depleting energy assets in Australia, including Kingfish, the country's largest discovered oilfield. It has agreed to sell half of its stake in the Scarborough area gas fields off...

  • PARIS, Nov 7- AccorHotels is buying a 30 percent stake in Germany's 25 hours Hotels for 35 million euros, stepping up its expansion in the fast-growing market for "boutique" hotels that shun the replicated styles of mass-market brands. 25 hours Hotels, which will continue to be run by chief executive and co-founder Christoph Hoffmann, runs seven boutique hotels in...

  • WILMINGTON, Del., Nov 6- As auto supplier Takata Corp prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability for the company's defective air bags, sources have told Reuters. In July, the 2nd U.S. Circuit Court of Appeals in Manhattan held that General Motors Co, the "new GM," could be...

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. Reuters reported exclusively last month that BC Partners was in the pole position to acquire the portfolio.

  • People visit a Tesla showroom in Beijing on July 9, 2014.

    Analyst Jamie Albertine has questions about SolarCity's valuation and the timing of its proposed merger with Tesla.

  • The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.. CenturyLink, which operates data centers that provide broadband, voice, video, data and managed services in North America, Europe...