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Leadership Business Events

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of RTE, the company's high-voltage power grid unit, to state bank Caisse des Depots, the companies said in a statement. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020, in an effort to reduce debt and free funds for the utility's 18 billion-pound project...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office that...

  • PARIS, Dec 14- French utility EDF's board has approved the partial sale of the firm's high-voltage power grid unit RTE to state bank Caisse des Depots, a source familiar with the situation said. The sale of RTE is part of EDF's plan to sell about 10 billion euros worth of assets by 2020 in a bid to reduce debt and free up funds for the utility's 18 billion pound project...

  • PARIS, Dec 14- EDF's board has approved the partial sale of the French state-controlled utility's high-voltage power grid to state bank Caisse des Depots, a source familiar with the situation said on Wednesday. "The partial sale of RTE has been approved by a majority of the board," the source said. In July, EDF had entered exclusive talks with state-owned bank Caisse...

  • NEW YORK/ WASHINGTON, Dec 13- Wells Fargo would damage financial markets if it were pushed to bankruptcy, U.S. regulators said on Tuesday as they imposed restrictions on the bank's business. On Tuesday, regulators determined that Wells Fargo's living will still fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance...

  • Wells Fargo was one of five banks to fail an initial assessment in April. On Tuesday, regulators determined that Wells Fargo's living wills fell short and that the San Francisco- based bank would be sanctioned, the Federal Deposit Insurance Corporation said in a statement. Wells Fargo may submit an amended living will by March 31 and regulators may lift...

  • MILAN, Dec 12- Italian energy company Eni will sell a 30 percent stake in its giant Egyptian offshore gas field Zohr to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investments and offset weak oil prices. "This is a great success for Eni to receive $2.1 billion for a year's work and have major partners to share the risk and capex," said...

  • MILAN, Dec 12- Italian energy company Eni has agreed to sell a 30 percent stake in a giant Egyptian offshore gas field to Russia's Rosneft for $1.575 billion, pressing ahead with asset sales to fund investment amid weak oil prices. Eni, which currently owns 90 percent of the Shorouk concession containing the giant Zohr gas field, said Rosneft would pay $1.125...

  • *UniCredit to book 2.2 bln euros net capital gain. PARIS, Dec 12- French asset manager Amundi has agreed to buy rival Pioneer Investments from Italian bank UniCredit for 3.6 billion euros, extending its reach in Europe and bringing in some much-needed capital for UniCredit. UniCredit's chief executive Jean-Pierre Mustier, a former top banker at Societe...

  • MILAN, Dec 11- Italy's biggest bank by assets UniCredit has reached a deal to sell its asset manager Pioneer to France's Amundi for more than 4 billion euros, a source with knowledge of the matter said on Sunday. The Pioneer sale comes as UniCredit is set to announce on Tuesday a share issue worth up to 13 billion euros in what would be a major test of confidence in...

  • Dec 9- U.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said on Friday. A debt restructuring would underscore the challenges the company has faced since it was acquired by private equity...

  • Dec 9- Peet's Coffee& Tea, a longtime rival to Starbucks Corp, said on Friday it will invest $58 million to open a new coffee roasting facility in Suffolk, Virginia, to support its expanding business in an increasingly competitive environment. Peet's Chief Executive Dave Burwick told Reuters the new plant will create 135 new jobs and support the company's...

  • Dec 8- 3 M Co, the maker of Scotch tape and Post-it notes, said it had entered into agreements to sell its identity management business to Amsterdam- based digital security company Gemalto for $850 million. "We believe that the identity management business will be better positioned with a company that is primarily focused on security solutions," the company's vice...

  • President-elect Donald Trump next week as Brazil looks for business opportunities that could open up if Trump follows through on campaign promises to rewrite a trade deal with Mexico. Brazilian industries, benefiting from a weaker real currency, could increase their market share in the United States if Trump makes good on his threats to rework or withdraw...

  • SAO PAULO, Dec 8- Brazilian engineering conglomerate Camargo Correa SA, which this year disposed of electricity and consumer goods assets, is in talks to sell a minority stake in Loma Negra Cia Industrial SA, Argentina's No. 1 cement producer, a person familiar with the matter said on Thursday. Local financial blog Brazil Journal reported on Thursday that the Loma...

  • *About 1,600 staff in Sweden have volunteered to leave. The company said in October it was cutting about a fifth of its Swedish workforce and hundreds of consultants as it grappled with shrinking markets and competition from China's Huawei and Finland's Nokia. The company announced a plan in October to shed 3,000 jobs in production, research and development...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • BEIJING, Dec 8- China General Nuclear Power Corp announced on Thursday that its French subsidiary has acquired part of Irish renewable energy company Gaelectric's wind portfolio:. *Paris- based CGN Europe Energy SAS bought 230 MW of wind energy assets from Gaelectric Holdings plc, CGN said in a statement. In September it bought Belgium's largest onshore wind...