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Leadership Business Events

  • SAN FRANCISCO, Jan 27- San Bernardino, California, won final court approval on Friday for its financial restructuring plan, clearing the way for the city to wrap up the bankruptcy case it launched more than four years ago when its leaders learned it was facing insolvency. Jury's decision capped San Bernardino's efforts, including lengthy negotiations with its...

  • NEW YORK, Jan 27- U.S. "We see it all the time," with new clients, said Chris Walters of GenSpring Family Offices, SunTrust Bank Inc's branch for clients with more than $50 million in assets. Steven Mnuchin, a former Goldman Sachs Group Inc partner who is Trump's pick to lead the U.S. Treasury Department, was grilled by members of the Senate last week for inadvertently...

  • SAN FRANCISCO, Jan 27- San Bernardino, California won final court approval on Friday for its financial restructuring plan, clearing the way for the city to wrap up the bankruptcy case it launched more than four years ago when its leaders learned it was facing insolvency. "I look forward to the city having a prosperous future," U.S. Bankruptcy Judge Meredith Jury said...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada's largest auto workers union said on Friday. President Donald Trump, who has vowed to renegotiate NAFTA with Canada and Mexico, met with the chief executives of the Big Three U.S....

  • NEW YORK, Jan 27- U.S. "We see it all the time," with new clients, said Chris Walters of GenSpring Family Offices, SunTrust Bank Inc's branch for clients with more than $50 million in assets. Steven Mnuchin, a former Goldman Sachs Group Inc partner who is Trump's pick to lead the U.S. Treasury Department, was grilled by members of the Senate last week for inadvertently...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July and move some production work to Mexico, the president of Canada's largest auto workers union said on Friday. President Donald Trump met with the chief executives of the Big Three U.S. automakers earlier this week, urging them to build more cars in...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario by the end of July and move the production work to Mexico, the president of Canada's largest auto workers union said on Friday.

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise what lawyers called "a monster" $1.5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise $1.5 billion in private capital...

  • Jan 26- Sportswear retailer Finish Line Inc said on Thursday it would sell its unprofitable JackRabbit business to CriticalPoint Capital LLC, two months after announcing that it would explore strategic alternatives for the specialty running gear unit. JackRabbit, formerly known as Running Specialty Group, is a chain of 65 stores in 17 U.S. states selling...

  • Jan 26- Lionsgate has initiated talks to sell its stake in Epix to the premium U.S. cable channel's other two shareholders, MGM Holdings Inc and Paramount, a unit of Viacom Inc, according to people familiar with the matter. The outcome could be that MGM and Viacom become 50-50 partners in Epix, the people added, cautioning that no deal was certain.

  • SAO PAULO, Jan 26- A court in the Netherlands on Thursday postponed until Feb. 2 a decision on whether to enforce bankruptcy proceedings against two subsidiaries of phone carrier Oi SA, which is under creditor protection in Brazil, the company confirmed on Thursday in a securities filing. Reuters had reported the postponement of the ruling earlier on Thursday.

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, defended its bankruptcy exit plan in court on Thursday against opponents including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for permission to begin seeking creditor votes on its plan to slash $5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, squares off in court on Thursday against opponents of its reorganization plan, including state regulators, shareholders, environmental activists and even former executives. Bankruptcy Judge Barry Schermer for approval to begin seeking creditor votes on its plan to slash $5...

  • Trump has promised to revive U.S. industrial jobs by forcing automakers to stop making cars in Mexico, threatening to tax imports and promising to make it more attractive for businesses to operate in the United States. South Korea- based Kia Motors last year started production at a new plant in Nuevo Leon, Mexico, while sister firm Hyundai Motor will begin making...

  • SEOUL, Jan 25- South Korea said on Wednesday it will continue with corporate restructuring efforts in 2017, with plans focusing on shipping and shipbuilding companies struggling with shrinking global demand. South Korea launched efforts last year to save its shipping and shipbuilding industries, traditional engines of growth, including injecting...

  • The move follows pressure from activist investor Sandell Asset Management Corp, which has been engaged in a proxy fight with Bob Evans since 2013 and has been asking the company to separate its food-products business, BEF Foods. The company also said BEF Foods business, which makes refrigerated dinner side dishes, will buy Pineland Farms Potato Co for $115...

  • Trump, who has threatened to impose 35 percent tariffs on imported vehicles, opened a White House meeting with General Motors Co CEO Mary Barra, Ford Motor Co's Mark Fields and Fiat Chrysler Automobiles NV's Sergio Marchionne by saying he wanted to see more auto plants in the United States. In return, the new Republican president has vowed to cut regulations and...

  • WILMINGTON, Del., Jan 24- Judges in Delaware and Canada approved on Tuesday a plan to pay more than $7 billion to creditors of Nortel Networks, ending years of litigation over the former telecommunications company that filed for bankruptcy in 2009.. Bankruptcy Judge Kevin Gross in Wilmington, Delaware and Frank Newbould of the Superior Court of Justice in...

  • WILMINGTON, Del., Jan 24- Judges in Delaware and Canada approved on Tuesday a plan to pay more than $7 billion to creditors of Nortel Networks, ending years of litigation over the former telecommunications company that filed for bankruptcy in 2009.. Bankruptcy Judge Kevin Gross in Wilmington, Delaware and Frank Newbould of the Superior Court of Justice in...