Leadership Business Events

  • The deal has also won antitrust approval in Europe and Brazil. The two companies account for 60 percent of beverage can supply in North America, 69 percent in Europe and 74 percent in Brazil, according to Morningstar analysts. European packaging maker Ardagh Group has agreed to buy divested assets for $3.42 billion, including 12 plants in Europe, eight in the...

  • AFL-CIO President Richard Trumka- a top ally of Democratic presidential hopeful Hillary Clinton- said at a trade conference in Washington that, at Trump campaign stops in the Rust Belt states of Ohio and Pennsylvania, voters should expect to hear "crocodile tears about lost jobs and shuttered factories." Trumka's rebuke occurred just hours before the New York...

  • JAKARTA, June 28- Foreign workers are leaving Indonesia at an increasing rate due to the slump in commodity prices that has forced resource companies to slash jobs at a time when the government has also introduced tighter regulations on expatriates in Southeast Asia's biggest economy. As a result, rents on upmarket homes in Jakarta have plummeted and...

  • JAKARTA, June 28- Foreign workers are leaving Indonesia at an increasing rate due to the slump in commodity prices that has forced resource companies to slash jobs at a time when the government has also introduced tighter regulations on expatriates in Southeast Asia's biggest economy. As a result, rents on upmarket homes in Jakarta have plummeted and...

  • JAKARTA, June 28- Foreign workers are leaving Indonesia at an increasing rate due to the slump in commodity prices that has forced resource companies to slash jobs at a time when the government has also introduced tighter regulations on expatriates in Southeast Asia's biggest economy. As a result, rents on upmarket homes in Jakarta have plummeted and...

  • SAO PAULO, June 27- A unit of distressed debt firm Aurelius Capital Management LP asked a Dutch court on Monday to start bankruptcy proceedings against a Netherlands subsidiary of phone company Oi SA, which last week filed Brazil's largest-ever bankruptcy protection request. Aurelius unit Syzygy Capital Management Ltd owns bonds sold by Oi Brasil Holdings...

  • SAO PAULO, June 27- Odebrecht SA has sold a 57 percent stake in a Peruvian toll road project to Brookfield Asset Management Inc, as Latin America's largest engineering firm sheds assets to cope with fallout from a sweeping corruption probe on its home turf. In a statement, Salvador, Brazil- based Odebrecht said the transaction will allow it to keep a 25 percent in the...

  • SAO PAULO, June 27- A unit of distressed debt firm Aurelius Capital Management LP is asking a Dutch court to start bankruptcy proceedings against a Netherlands- based subsidiary of phone carrier Oi SA, which last week filed for Brazil's largest-ever such plan. The Syzygy Capital Management Ltd subsidiary owns bonds of Oi's Oi Brasil Holdings Coöperatief UA,...

  • NEW YORK, June 26- Chipmaker Intel Corp is considering the sale of its cyber security business, the Financial Times reported on Sunday. According to the report, the company has been talking to its bankers about options for the Intel Security unit, which was previously known as McAfee. Intel bought McAfee for $7.7 billion in 2011..

  • NEW YORK, June 24- Former professional wrestler Hulk Hogan, whose lawsuit against Gawker Media LLC precipitated its bankruptcy, will serve on the committee of unsecured creditors, according to a court filing. Hogan won a $140 million judgment against Gawker in a lawsuit after the gossip website published an excerpt from a sex tape in which he appeared.

  • CALGARY, Alberta, June 23- New rules from Alberta's energy regulator determining which companies are deemed strong enough to buy assets are off the mark in terms of fairness and transparency, Penn West Petroleum Ltd's chief executive said on Thursday. Penn West announced in June it was selling its core Saskatchewan assets for C $975 million to Teine Energy.

  • SAO PAULO, June 23- Brazil's biggest bankruptcy filing ever is sending shockwaves far beyond the recession-hit country's borders as operator Oi SA seeks creditor protection from global telecoms suppliers and export banks around the world. The biggest Brazilian fixed-line carrier also owes about $1 billion to foreign development banks in China, Finland,...

  • SAO PAULO, June 23- A group representing holders of Oi SA's bonds not guaranteed by unit Telemar Norte Leste SA is growing, two sources familiar with the matter said, underscoring the challenges facing Brazil's largest fixed-line phone carrier as it enters bankruptcy protection proceedings. New York- based investment bank Houlihan Lokey Inc and Metrica...

  • SAO PAULO, June 23- A group representing holders of Oi SA's bonds not guaranteed by unit Telemar Norte Leste SA is growing, two sources familiar with the matter said, underscoring the challenges facing Brazil's largest fixed-line phone carrier as it enters bankruptcy protection proceedings. New York- based investment bank Houlihan Lokey Inc and Metrica...

  • NEW DELHI, June 23- Indian companies are evaluating buying stakes in Russian state oil firm Rosneft, India's oil minister said on Thursday, as Moscow seeks funds to address its state deficit. India has signed deals worth billions of dollars with Russia to buy stake in assets in Siberia at a time Moscow is keen to develop and deepen its Soviet-era economic ties with...

  • June 22- Goldman Sachs Group Inc told regulators on Wednesday it was laying off 98 employees in New York, according to a filing by the bank with the state Department of Labor. The employees, who were notified in April, May and June that they are losing their jobs, are part of the bank's third round of layoffs, according to a person familiar with the matter.

  • CHICAGO, June 22- The casino operating unit of Caesars Entertainment Corp can begin seeking creditor votes for a plan to exit its long and contentious $18 billion bankruptcy, a U.S. bankruptcy judge said in court on Wednesday. "There's something poetic about that," Judge Benjamin Goldgar said in U.S. Bankruptcy Court in Chicago. It offered to contribute roughly $4...

  • June 22- Goldman Sachs Group Inc plans to lay off 98 employees in New York between July and October, according to a filing by the bank with the state's Department of Labor.

  • NEW YORK, June 21- Puerto Rico disclosed on Tuesday that negotiations with creditors ended without an agreement to restructure some of the island's $70 billion debt load. In a statement on Tuesday night, Puerto Rico Governor Alejandro Garcia Padilla urged the U.S. Congress to take action on legislation to resolve the credit crisis, while chiding the...

  • NEW YORK, June 21- Puerto Rico revealed on Tuesday that negotiations with creditors ended without an agreement to restructure some of the island's $70 billion debt load. On July 1, Puerto Rico faces a $1.9 billion payment on a collection of bonds that Governor Alejandro Garcia Padilla has said it cannot pay. Puerto Rico's revised proposals in a June 14 offer to...