Leadership Business Events

  • NEW YORK, May 11- U.S. oil and gas explorer SandRidge Energy Inc said on Wednesday that it would not be able to file its financial results for the quarter ended March 31 on time. The company, which disclosed the delay in a filing with the U.S. Securities and Exchange Commission, has been in talks with its creditors on a restructuring deal ahead of a potential bankruptcy.

  • Since March, however, six publicly traded energy producers have filed for bankruptcy and five of them opted to file in Houston. The latest was Houston- based Linn Energy LLC, which filed on Wednesday. More companies began to file in Houston after the court adopted a work order that aimed to expedite large cases by directing them to two of its six judges: Martin Isgur...

  • May 11- Oil and gas producer Linn Energy LLC and its units, Berry Petroleum Co LLC and Linn Co, filed for Chapter 11 bankruptcy on Wednesday after an agreement with a key creditors group. Linn Energy, which has about $10 billion in debt, was founded in 2003 and went public in 2006.. Linn said its restructuring support agreement reached with its senior creditors would...

  • May 11- Oil and gas producer Linn Energy LLC and its units, Berry Petroleum Co LLC and Linn Co, have filed for restructuring under Chapter 11 of the U.S. The company said it expects its operations across its asset base to continue throughout the Chapter 11 process. Linn Energy, which has about $10 billion in debt, was founded in 2003 and went public in 2006..

  • Julie Brill, former Federal Trade Commissioner

    The court did the right thing by shredding the Staples-Office Depot deal, a former FTC commissioner said Wednesday.

  • May 11- Argentina's credit rating has been upgraded to a' B' or stable, Fitch announced on Wednesday, due in part to the country's resumption of debt payments to restructured bondholders. With its first bond deal in 15 years, Argentina raised enough to pay the $9.3 billion owed to holdout investors with additional funds left over. "In addition, Argentina's ratings...

  • LONDON/ FRANKFURT, May 11- European travel group TUI is to sell its specialist adventure and education holiday brands to focus on its main mass market tourism business and plans to use proceeds from disposals for future growth. These M&A deals are the latest step by TUI management to reshape the tourism group which was created in 2014 by the merger of London-...

  • May 10- Bankrupt solar company SunEdison's "yieldcos"- TerraForm Global Inc and Terraform Power Inc- said their units had amended credit agreements to extend the date for filing financial reports. Under the amended pact, TerraForm Power LLC will have until May 28 to file its annual and quarterly reports. TerraForm Global LLC must file its annual report by Aug. 29...

  • May 10- Husky Energy said it would sell some assets in southwest Saskatchewan for C $595 million to fellow oil and gas producer Whitecap Resources Inc as it looks to raise cash. The company said on Tuesday the planned sale of several other assets in Western Canada was on track. "Over the past two months we have made significant progress on three major divestiture...

  • WASHINGTON, May 10- U.S. job openings increased in March to the highest level in eight months and layoffs continued to decline, indicating the labor market remains fairly robust despite April's slowdown in employment gains. "The data generally remain upbeat and it does not look like there has been any material weakening in the health of the labor market lately,"...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • ZURICH, May 10- Credit Suisse sees tough market conditions continuing at least through the second quarter, the Swiss bank said on Tuesday after kicking off 2016 with its first loss since 2008.. Zurich- based Credit Suisse posted a 302 million Swiss franc loss for the first three months of 2016, as Chief Executive Tidjane Thiam pursued a painful restructuring.

  • BUENOS AIRES, May 9- Argentina's President Mauricio Macri asked business and union leaders on Monday to avoid layoffs for 90 days, as the center-right leader faces heat for thousands of jobs lost since he took office in December. "We must protect Argentine jobs," said Macri, adding that quality, value-added jobs must be created. At the same time, the opposition is...

  • President Barack Obama waves to guests before boarding Marine One on the South Lawn the White House.

    Mergers and acquisitions activity may not pick up until President Barack Obama leaves the Oval Office, Robert Kindler says.

  • SEOUL, May 9- South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders, it said on Monday. Companies such as Daewoo Shipbuilding& Marine Engineering and the country's No. 1 shipping company Hanjin Shipping have already had to undergo...

  • CHICAGO, May 6- Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it could be forced into Chapter 11 bankruptcy protection. Bankruptcy judge for the Southern District of New York in January, for the new role. Gerber presided over the General Motors bankruptcy in...

  • May 6- Riverstone Holdings Ltd is the top contender to buy U.S.-based Talen Energy Corp, formed when the private equity firm merged some of its power plants with PPL Corp's power generation unit, Bloomberg reported. A deal could be announced shortly, Bloomberg reported on Friday, citing a person familiar with the matter. A final decision is yet to be made and Talen...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • WASHINGTON, May 5- The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 274,000 for the week ended April 30, the...

  • NEW DELHI, May 5- India's lower house of parliament on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Junior finance minister Jayant Sinha told lawmakers the code was "transformational" and would help India improve its 130th...