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Leadership Business Events

  • NEW YORK— When small or independent retailers post "Going Out of Business" signs, many ask themselves, now what? Reilly Starr and her business partner had opened Naked Sports Gear, a Manhattan store that sold athletic wear for women, in 2011. But she didn't see opening another store as an option: "Brick and mortar is the worst thing you can do in New York.

  • *Qatar underperforms; all blue chips have paid 2016 dividend. DUBAI, April 19- Construction-related shares underperformed Riyadh's stock market on Wednesday because of poor first-quarter earnings, though troubled Dubai builder Arabtec jumped after shareholders approved a capital restructuring plan. Riyadh- listed Arabian Cement slid by 5 percent after...

  • April 18- Chevron Corp, the second-largest U.S.-based oil company, sold its Canadian gasoline stations and refinery in British Columbia to Parkland Fuel Corp, a marketer of petroleum products, for C $1.46 billion. The assets include 129 gasoline stations, three terminals and the Burnaby oil refinery, located east of Vancouver. Chevron is also exploring the sale...

  • HOUSTON, April 18- Centurion Midstream Group LLC said it acquired a petroleum marketing and transportation business that operates in West Texas from Agave Energy Holdings, a subsidiary of Lucid Energy Group. Price of the purchase was not disclosed. Ken Douglas, Centurion's chief financial officer, said the deal will expand the Dallas- based company's Permian...

  • EVERETT, Wash.— Boeing will issue hundreds of layoff notices to engineers in Washington state this week. The Daily Herald reported Monday that a memo from the company's vice president of engineering for Boeing Commercial Airplanes John Hamilton says the cuts are necessary to stay competitive. Information from: The Daily Herald, http://www.heraldnet.com.

  • *Buffett's popularity in China may aid marketing pact. April 17- A real estate brokerage controlled by Warren Buffett's Berkshire Hathaway Inc on Monday announced a marketing agreement with Juwai.com, China's largest international property website, to attract wealthy Chinese citizens hoping to buy homes in the United States. Including buyers from Hong...

  • NEW YORK, April 17- Boeing Co warned employees on Monday it planned another round of involuntary layoffs that would affect hundreds of engineers at its commercial airplanes unit, according to a source and a memo seen by Reuters. The additional layoffs are due to start June 23, according to the memo from John Hamilton, vice president of engineering at Boeing...

  • NEW YORK, April 17- Boeing Co warned employees on Monday that it plans another round of involuntary layoffs that will affect hundreds of engineers, according to a source and a memo seen by Reuters. The layoffs are set to start June 23, and follow a prior involuntary reduction of 245 workers set for May 19, according to the memo from John Hamilton, vice president of...

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash. Calgary-based Nova Chemical is owned by International Petroleum Investment Company, formed by the Abu Dhabi government to invest in the energy and related sectors.

  • CRANBERRY, Pa.— Teen clothing retailer rue21 is closing nearly 400 stores nationwide as it focuses more on its online business. The privately-held company, based in Cranberry, about 20 miles north of Pittsburgh, still has more than 700 stores in 48 states. In western Pennsylvania, the company is closing stores at the Cranberry Mall; the Grove City Premium Outlets;...

  • April 17- Pipeline operator Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion cash.

  • TOKYO, April 14- Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people briefed on the process said. Car-parts maker Key Safety Systems Inc and Bain Capital LLC are the preferred bidder for Takata, whose faulty air bags have...

  • TOKYO, April 14- Toshiba Corp on Friday denied a Bloomberg report that the company had temporarily suspended all meetings and decisions over the sale of its memory chip business to address concerns raised by an industry partner. "It is not true Toshiba has put the chip sale process on hold," a Toshiba spokesman told Reuters. Shares in Toshiba plunged more than 8...

  • LONDON, April 13- Anglo-Dutch consumer group Unilever has decided to work with Morgan Stanley and Goldman Sachs on the sale of its margarine and spreads business, which was announced last week, sources told Reuters on Thursday. The sale, which could fetch as much as 6 billion pounds, is expected to kick off later this year, the sources said, following a far-reaching...

  • WALLKILL, N.Y.— More than 200 employees of a company that provides bus services for two Hudson Valley school districts will be laid off because the firm's local office is closing. The Times Herald-Record of Middletown reports First Student Bus Co. has filed a notification with the state Department of Labor saying 238 workers will be laid off by June 30 when the...

  • The government has lost millions of dollars in royalties and is worried about layoffs and a slowing economy in the restive Papua region, where the giant mine is located. Indonesia halted Freeport's copper concentrate exports under new rules that require the Phoenix, Arizona- based company to adopt a special license, pay new taxes and royalties, divest a 51...

  • SIENA, Italy, April 12- Monte dei Paschi di Siena is still negotiating with the European Commission how many jobs to cut in a radical restructuring plan that is a condition for a state rescue of the Italian bank, Chief Executive Marco Morelli said on Wednesday. The European Central Bank has since put the capital shortfall that the bank must fill at 8.8 billion euros.

  • VW Group of America Chief Executive Officer Hinrich Woebcken told reporters at the New York auto show that the automaker planned to build a five-seat SUV in Tennessee, but he declined to say when production would begin. The news follows VW's 2014 announcement that the company would spent $900 million to build a new SUV in Tennessee. Woebcken said VW was shifting...

  • *Broadcom offered highest bid of $23 bln- source. TOKYO, April 12- Western Digital Corp has warned Toshiba Corp that the Japanese firm is violating a joint venture contract in plans to sell to its chip unit and urged that it be given exclusive negotiating rights. In a strongly worded letter dated April 9, Western Digital, which operates a semiconductor plant with...

  • NEW YORK, April 12- Volkswagen AG's top U.S. executive said the German automaker plans to build another new sport utility vehicle at its Chattanooga, Tennessee plant as demand surges for larger vehicles. The world's largest automaker said in 2014 it planned $900 million to build a new SUV in Tennessee and VW will start selling its new seven-seat VW Atlas SUV in May.