Leadership Business Events

  • Nov 1- Valeant Pharmaceuticals International Inc is in talks to sell its Salix stomach-drug business to Japan's Takeda Pharmaceutical Co Ltd, according to people familiar with the matter. News of the talks was first reported by the Wall Street Journal. Its new chief executive officer, Joseph Papa, has committed to selling around $8 billion in non-core assets to...

  • BRASILIA, Nov 1- Brazil's state-run oil company Petrobras is seeking to stop renting a drillship from engineering conglomerate Grupo Schahin, in a potential blow to Schahin's restructuring plan, newspaper Folha de S. Paulo reported on Tuesday. Petroleo Brasileiro SA, as Petrobras is formally known, has already notified Schahin about the potential rescission,...

  • Nov 1- Power producer NextEra Energy Inc said on Tuesday it would sell its fiber-optic telecommunications business to Crown Castle International Corp for $1.5 billion in cash. The unit, FiberNet, delivers telecommunications services in Florida, Texas and parts of South Central United States. The company's customers include AT&T, T-Mobile, Verizon Wireless, a...

  • DUBAI/ LONDON, Nov 1- Iraq has asked international oil companies to shut down prestige offices among the glittering towers of Dubai, through which they used to run their oil operations in Iraq, as a way to rein in their budgets, three industry sources said. With its finances stretched, Iraq, OPEC's second biggest producer, asked foreign oil companies last year to...

  • Nov 1- Thomson Reuters Corp said on Tuesday it would eliminate about 2,000 jobs worldwide and take a fourth-quarter charge of $200 million to $250 million to streamline its business. The restructuring across 39 countries and 150 locations would mainly affect the Financial& Risk business and the Enterprise, Technology& Operations Group, the news and...

  • BRASILIA, Nov 1- Brazil's state-run oil company Petrobras is seeking to stop renting a drillship from engineering conglomerate Grupo Schahin, in a potential blow to Schahin's restructuring plan, newspaper Folha de S. Paulo reported on Tuesday. Petroleo Brasileiro SA, as Petrobras is formally known, has already notified Schahin about the potential rescission,...

  • Nelson Peltz

    Nelson Peltz's Trian Fund Management invested $2.5 billion in GE a year ago.

  • The Sony Cooperation logo is seen at a trade fair in Yokohama, Japan, February 25, 2016.

    Sony cut its annual profit outlook due to losses related to the sale of its battery business.

  • *Cuts operating profit outlook to Y270 bln vs Y309 bln estimate. TOKYO, Oct 31- Sony Corp cut its annual profit outlook due to losses related to the sale of its battery business- disappointing a market that had been hoping for an upward revision on buoyant sales momentum for PlayStation 4 and the launch of its virtual reality headset. Sony now expects to post 270...

  • TOKYO, Oct 31- Sony Corp said on Monday it was cutting its annual profit outlook due to impairment losses related to the sale of its battery business to Murata Manufacturing Co.. The consumer electronics giant now expects to post 270 billion yen in operating profit for the year ending in March, down 30 billion yen from its previous forecast made in July.

  • CHICAGO, Oct 28- Paragon Offshore Plc said on Friday it was evaluating its options after a U.S. judge rejected the offshore rig contractor's plan to exit bankruptcy, an unusual setback for a corporate Chapter 11 proceeding. In an oral ruling in U.S. Bankruptcy Court in the District of Delaware, Judge Christopher Sontchi said the plan was not feasible because it...

  • Oct 28- The court-appointed trustee liquidating Bernard Madoff's firm said on Friday he has reached a settlement with the family of late Beverly Hills money manager Stanley Chais that will provide more than $277 million to victims of Madoff's Ponzi scheme. Picard also said a $15 million restitution fund supervised by the office of California Attorney...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde said reviving merger talks with Praxair was not on the cards and announced a further restructuring programme instead on Friday, anticipating years of low growth. The reorganisation, which Linde announced alongside forecast-beating quarterly results, is designed to save an extra 370 million euros a...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde is not considering reviving merger talks with rival Praxair, its outgoing chief executive told Reuters on Friday. "Praxair is not a live issue for us," Wolfgang Buechele said after the company presented a new restructuring plan involving thousands of job cuts, a likely exit from some markets and the...

  • MUNICH, Germany, Oct 28- German industrial gases group Linde announced a further restructuring programme on Friday, anticipating years of low growth, after last month's collapse of merger talks with U.S. rival Praxair. The strategy, which Linde announced on Friday alongside forecast-beating quarterly results, is designed to save an extra 370 million euros a...

  • MUNICH, Germany, Oct 28- Germany's Linde, the world's biggest maker of industrial gases by sales, has launched a new restructuring programme after last month's collapse of merger talks with U.S. rival Praxair. The strategy, which Linde announced on Friday alongside forecast-beating quarterly results, is designed to save an extra 370 million euros a year from...

  • Oct 27- Sanchez Energy Corp is in talks to partner with Blackstone Group LP on a deal to buy Anadarko Petroleum Corp's assets in South Texas, the Wall Street Journal reported. The deal is expected to value Anadarko's assets at between $3 billion and $3.5 billion, the Journal reported, citing people familiar with the matter. Blackstone and its credit arm, GSO Capital...

  • The firm reported strength from its restructuring business, which nearly doubled from a year ago to $51.27 million. Distressed debt and bankruptcy restructuring deals around the world jumped 67 percent to $168.4 billion during the first nine months of 2016, according to Thomson Reuters data. Net income attributable to Lazard was $112.5 million, or 85 cents...

  • SMITHFIELD FOODS SAYS TO CLOSE TAR HEEL, N.C., HOG PLANT ON THURSDAY AND FRIDAY DUE TO "OPERATIONAL ISSUES" FOLLOWING HURRICANE MATTHEW.

  • SMITHFIELD FOODS SAYS TO CLOSE TAR HEEL, N.CAROLINA HOG PLANT ON THURSDAY, FRIDAY DUE TO' OPERATIONAL ISSUES' FOLLOWING HURRICANE MATTHEW.