×

Leadership Business Events

  • WASHINGTON, March 6- General Motors Co said on Monday it will lay off 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month, GM spokesman Tom Wickham said in an emailed statement.

  • WASHINGTON, March 6- General Motors Co said Monday it will layoff 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. The largest U.S. automaker last year added 800 jobs at its Spring Hill, Tennessee plant to build a new version of the GMC Acadia SUV. The Lansing plant will continue to build...

  • GENERAL MOTORS SAYS WILL LAY OFF 1,100 WORKERS AT A LANSING, MICHIGAN ASSEMBLY PLANT IN MAY AS RESULT OF PRODUCTION SHIFT.

  • MADRID, March 6- PSA Chief Executive Carlos Tavares has told the Spanish government the firm will honour existing labour agreements at Opel's factory in Spain after buying the carmaker, Prime Minister Mariano Rajoy's office said in a statement. The maker of Peugeot and Citroen cars on Monday confirmed it had agreed to buy Opel from General Motors and said...

  • MADRID, March 6- PSA Chief Executive Carlos Tavares has told the Spanish government the firm will honor existing labor agreements at Opel's factory in Spain after buying the carmaker, Prime Minister Mariano Rajoy's office said in a statement. The maker of Peugeot and Citroen cars on Monday confirmed it had agreed to buy Opel from General Motors and said planned...

  • JAKARTA, March 3- Indonesia will not back down from new rules requiring Freeport-McMoran to divest a majority stake in its local unit, Energy and Mineral Resources Minister Ignasius Jonan said, in a dispute over rights to the world's second-biggest copper mine. Freeport's exports of copper concentrate from its Grasberg mine have been at a standstill since...

  • SEATTLE, March 2- Boeing Co has accepted 1,880 voluntary layoffs from its union machinists and engineers in the Seattle area, the unions said on Thursday, part of the jet maker's drive to cut costs through job reductions and other measures. Last year, Boeing cut about 1,200 white-collar union jobs- 850 through voluntary layoffs and 350 through involuntary...

  • March 2- Liquidator Gordon Brothers Group won the auction on Thursday for the intellectual property of the Wet Seal LLC with a bid of $3 million, besting the $1.5 million initial offer from Canadian retailer YM Inc, people familiar with the matter said. Gordon Brothers and Versa Capital Management, the private equity owner of Wet Seal, declined to comment.

  • March 2- Boeing Co has accepted slightly more than 1,500 voluntary layoffs from its machinists in the Seattle area, the union said on Thursday, part of the jet maker's drive to cut costs through job reductions and other measures. "These are all voluntary, where people planned to retire or had other plans," said Connie Kelliher, a spokeswoman for the International...

  • March 2- Boeing Co is planning 1,500 voluntary job cuts as part of a layoff program to reduce costs at its commercial airplane unit, the Wall Street Journal reported on Thursday, citing the company's main unions. Employees were notified this week that the International Association of Machinists and Aerospace Workers union said it didn't know if this met...

  • FRANKFURT/ BERLIN/ ZURICH, March 2- Japan's Toshiba Corp is preparing a potential $2 billion divestment of smart meter group Landis+ Gyr, hoping to rake in capital after a major writedown on its U.S. nuclear unit last month, three people familiar with the matter said. A spokeswomen for Toshiba in Europe declined to comment. Smart meter makers have seen a wave of M&A...

  • Plans for the DKK300 million plant come as Hormel Foods of the United States prepares to open a new factory in nearby Zhejiang province in the third quarter, and after a year of record pork imports by the world's top consumer of the meat. While imports were driven largely by high Chinese prices, Danish Crown chief executive Jais Valeur said changing consumer...

  • March 1- PepsiCo Inc said on Wednesday it would cut 80 to 100 jobs in Philadelphia as the city's new sugar-sweetened beverage tax hurts demand for its products. Philadelphia imposed a tax of 1.5 cent per ounce on sugary and diet drinks to combat rising obesity and diabetes in the city. PepsiCo's beverage sales fell 40 percent in the city because of the tax, company...

  • MUMBAI/ NEW DELHI, March 1- Singapore sovereign wealth fund GIC is in talks to buy a 40 percent stake in a property rental company owned by India's biggest listed real estate developer DLF Ltd, DLF said on Wednesday. As of end-December, DLF Cyber City Developers had nearly 30 million square feet of leased space including information technology parks and malls in...

  • BOSTON, March 1- State Street Corp., one of the world's biggest players in the business of restructuring investment portfolios, is shutting its transition management operations in London and Hong Kong and eliminating 20 jobs. Boston-headquartered State Street does not say how many people work in transition management worldwide, noting only that 2,300...

  • WASHINGTON, March 1- The Security and Exchanges Commission said on Wednesday it froze assets of traders using brokerage accounts in London and Singapore to obtain more than $3.6 million in possibly illegal profits before the announcement that SoftBank Group Corp agreed to acquire Fortress Investment Group.

  • TOKYO, March 1- Toshiba Corp has asked a Japanese law firm to help estimate the potential financial impact if it decides its U.S. nuclear unit Westinghouse should file for Chapter 11 protection from creditors, sources with knowledge of the matter said. Analysts and sources with knowledge of the matter have previously said that even under a Chapter 11 filing,...

  • The company, known for party dresses worn by celebrities including Selena Gomez and Drew Barrymore, listed assets in the range of $100 million to $500 million and liabilities in the range of $500 million to $1 billion, a filing under Chapter 11 with the U.S. Bankruptcy Court for the Southern District of New York showed. http://bit.ly/2lo7iMI.

  • Isuzu also markets commercial and light commercial vehicles in South Africa and Saudi Arabia. Sales in the Middle East and Africa region account for around 20 percent of annual global vehicle sales. Under Chief Executive Mary Barra, GM is steadily overhauling and pruning operations outside the United States and China, shrinking sales volume while pushing to...

  • SAN FRANCISCO, Feb 28- The University of California, San Francisco on Tuesday laid off 49 information technology employees and outsourced their work to a company based in India, ending a year-long process that has brought the public university under fire. The University of California system, which includes health care and research-focused UCSF, has been...