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Leadership Business Events

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. Will Horton, a Hong Kong- based analyst for aviation consultancy CAPA, described what had been said so far as underwhelming given the scale...

  • SYDNEY, Jan 18- Hong Kong's flag carrier Cathay Pacific Airways will cut jobs and consider shifting some flights to its short-haul arm after completing the biggest review of its business in two decades, it said on Wednesday. The company laid out the results of the review in a document seen by Reuters that was e-mailed to its 33,700 employees on Wednesday after 350...

  • BRASILIA, Jan 18- Brazil's Oi SA is considering changing a restructuring plan challenged by a group of creditors to offer banks and bondholders part of asset sale proceeds, newspaper O Estado de S.Paulo said on Wednesday. The proposed changes are being discussed by Oi's chief executive Marco Schroeder, investors and creditors, and could be presented by the end...

  • TOKYO, Jan 18- Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday. Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • CHICAGO, Jan 17- Caesars Entertainment Corp has wrapped up the $18 billion bankruptcy of its main operating unit, allowing the casino company to focus on restoring the tarnished Harrah's, Caesars and Horseshoe brands after two years of Chapter 11 proceedings. Caesars' subsidiary, Caesars Entertainment Operating Co Inc, won court approval on Tuesday for a plan...

  • Retailers filing for bankruptcy in the past year include Aeropostale Inc, Pacific Sunwear of California Inc, Sports Authority, Vestis Retail Group and American Apparel. An affiliate of private equity firm Sycamore Partners agreed to provide a $25.75 million "stalking horse" bid for the company's intellectual property, which includes its trademarks, website...

  • CHICAGO, Jan 17- Caesars Entertainment Corp's main operating unit won court approval on Tuesday for a plan to shed $10 billion of debt and end a contentious $18 billion bankruptcy filed nearly two years ago to the day. Bankruptcy Judge Benjamin Goldgar said at a hearing in Chicago after approving the reorganization plan. The Caesars subsidiary, Caesars...

  • Jan 17- Limited Stores LLC, parent of U.S. women's apparel chain The Limited, said on Tuesday it filed for bankruptcy, the latest brick-and-mortar retailer to reorganize as shoppers shift to fast-fashion retailers and online competitors. Sun Capital Partners Inc, the private equity owner of Limited Stores LLC, disclosed on Friday in a letter to investors that...

  • Jan 17- Limited Stores LLC, owner of U.S. women's apparel chain The Limited, said on Tuesday it filed for bankruptcy. Limited Stores also said it agreed to sell its intellectual property and some related assets to an affiliate of private equity firm Sycamore Partners. Limited Stores, which filed for Chapter 11 protection in the Delaware bankruptcy court, said on...

  • TOKYO, Jan 17- Asahi Group Holdings Ltd is open to the possibility of more acquisitions, its chief said, even after Japan's biggest beer maker sealed $10 billion worth of deals to buy European assets from Anheuser-Busch InBev SA NV last year. The brewer, known for Japan's best-selling "Super Dry" beer, has been expanding beyond its domestic market as alcohol...

  • *Hyundai Motor Group agonising over Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to...

  • *Hyundai Motor Group agonising over capacity of Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. plant- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • The company had 2,166 employees at its headquarters in Los Angeles, and 959 employees at the nearby South Gate manufacturing facility. Francisco Morales, 56, who made clothes for seven years at the Los Angeles plant, was one of the American Apparel workers to be handed his employment termination notice and his last paycheck on Monday. Last week, American Apparel...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, company employees said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate manufacturing...

  • Jan 16- American Apparel LLC started to lay off staff on Monday after Canada's Gildan Activewear Inc withdrew its initial plan to buy some of the bankrupt U.S. fashion retailer's manufacturing operations, people familiar with the matter said. Many of the 2,166 employees at the company's headquarters in Los Angeles and 959 employees at the nearby South Gate...

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. The plant in Mexico would be an addition to existing 3 Series production facilities in Germany and China. He went on to say Germany was a great car producer,...

  • BERLIN, Jan 15- President-elect Donald Trump has warned the United States will impose a border tax of 35 percent on cars that German carmaker BMW plans to build at a new plant in Mexico and export to the U.S. market. A BMW spokeswoman said a BMW Group plant in San Luis Potosi would build the BMW 3 Series starting from 2019, with the output intended for the world market.

  • *Indonesia may export up to 5.2 mln T nickel ore- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.