×

Leadership Business Events

  • 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...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami. The sale, expected to close in the second half of 2017, will generate a net capital gain of 447 million euros for Sabadell, the bank said in a...

  • MADRID, Feb 28- Spain's Banco Sabadell said late on Tuesday it had agreed to sell its Florida- based retail banking unit to Iberiabank Corp for $1 billion, leaving it with corporate and private banking operations in Miami.

  • Under Chief Executive Mary Barra, the Detroit automaker is steadily overhauling and pruning operations outside the United States and China, shrinking sales volume while pushing to improve return on invested capital and profitability. GM is in talks to sell its European operations to French automaker Peugeot SA, and has shuttered or scaled back operations...

  • Feb 28- South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. The U.S. administration has threatened an import tax, and Trump has attacked some of the world's biggest companies, triggering many to make promises to invest more in the United States.

  • *Germany sells 4.15 bln euros at record low yield. LONDON, Feb 28- Demand for one of the safest and most expensive assets in the euro zone held firm on Tuesday as Germany sold two-year debt at record low rates at auction. The price of safe-haven Schatz bonds has rocketed this month on avid buying by Germany's central bank and by private investors nervous about a...

  • Still, Valeant predicted that it could grow dermatology and said it sees single-digit growth in the gastrointestinal business, which it gained with its purchase of Salix Pharmaceuticals last year, as well as in Bausch& Lomb eyecare. It said it has paid down about $1 billion in debt so far and would put the sale of its Dendreon cancer treatment business and three...

  • *Germany to sell two-year bonds at record low yield. LONDON, Feb 28- Germany will offer investors the chance to buy some of the most sought after assets in the euro zone on Tuesday, and in the process borrow cash for two years at record low rates. The price of safe-haven Schatz bonds has rocketed over the past week on avid buying by Germany's central bank and by private...

  • *Germany to sell two-year bonds at record low yield. LONDON, Feb 28- Germany will offer investors the chance to buy some of the most sought after assets in the euro zone on Tuesday, and in the process borrow cash for two years at record low rates. The price of safe-haven Schatz bonds has rocketed over the past week on avid buying by Germany's central bank and by private...

  • CHICAGO, Feb 28- Peabody Energy Corp, the world's largest private-sector coal miner, expects to exit Chapter 11 bankruptcy in April with an executive bonus plan worth hundreds of millions of dollars. *Peabody set aside 10 percent of new common stock- which the company estimates to be worth $310 million- in a pool to be used as grants for executives, employees and...

  • CHICAGO/ WILMINGTON, Del., Feb 28- A year ago, Peabody Energy Corp's chief executive was presiding over $2 billion of losses as the world's largest private sector coal miner spiralled into bankruptcy. The company's valuation, they contend, fails to properly reflect the impact of President Donald Trump's unexpected election victory and regulatory changes in...

  • BOSTON, Feb 27- Fidelity Investments plans to offer voluntary buyouts to employees who are 55 years or older, and who have worked for the Boston- based fund firm at least 10 years, a company executive said on Monday. For instance it recently described plans to lay off 100 employees who work near Dallas, while adding 135 new workers in Albuquerque, New Mexico, according...