Leadership Business Events

More

  • LONDON/ SKOPJE, Jan 11- British luxury carmaker Aston Martin, which is deciding where to build a new plant to expand its product range and return to profitability, is considering a site in Macedonia, two sources familiar with the matter said. "Macedonia is a recent and late contender having been previously ruled out," one of the sources said. A senior government...

  • PARIS/ FRANKFURT, Jan 11- French private equity firm Ardian is seeking to profit from a shake-up of the oil industry after raising a record 2.65 billion euros infrastructure fund. "As an indication of the change, Saudi Aramco has announced to divest stakes of some oil-related assets and we will look at them," he said, adding the new fund could invest 20 percent of its...

  • LONDON/ SKOPJE, Jan 11- British luxury carmaker Aston Martin, which is deciding where to build a new plant to expand its product range and return to profitability, is considering a site in Macedonia, two sources familiar with the matter said. "Macedonia is a recent and late contender having been previously ruled out," one of the sources said. A senior government...

  • Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. The Missouri- based company was widely expected to go bankrupt after delaying a $90 million interest payment due...

  • Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. Arch Coal said on Monday it reached an agreement with its lenders that will eliminate more than $4.5 billion in...

  • Molycorp has said in filings with the U.S. Bankruptcy Court in Wilmington, Delaware, it had received 20 potential bids. On Tuesday, Bloomberg reported that potential buyers from China and Australia submitted nonbinding bids of more than $700 million for Molycorp's processing operations. The auction would include the company's closed mine in Mountain Pass,...

  • Sequenom, whose bid to restore a prenatal DNA test patent was rejected by a U.S. court last month, raised expected cost savings to more than $20 million annually from over $10 million estimated earlier. The U.S. appeals court had said in June the prenatal DNA test patent was not eligible for legal protection because it fell under the U.S. Supreme Court's rule...

  • Jan 7- Diagnostic device maker Sequenom Inc said on Thursday it will cut 110 jobs, or about 20 percent of its workforce, and divest its North Carolina operations.

  • WASHINGTON, Jan 7- The number of Americans filing for jobless benefits fell last week and layoffs in December were the smallest in 15-1/ 2 years, pointing to labor market strength even as economic growth appears to have slowed sharply in the fourth quarter. You don't go into a recession with jobless claims and layoffs at these low levels, "said Jacob Oubina, senior...

  • *Weekly jobless claims decline 10,000. WASHINGTON, Jan 7- The number of Americans filing for jobless benefits fell last week and layoffs in December were the smallest in 15-1/ 2 years, pointing to a firmer labor market even as economic growth appears to have slowed sharply in the fourth quarter. Initial claims for state unemployment benefits dropped 10,000 to a...

  • Jan 7- U.S. conglomerate General Electric Co said it signed $157 billion in transactions in 2015 as part of its efforts to divest most of its finance business, GE Capital. An active sales process is ongoing for the remaining international businesses while the company continues to close the previous deals, GE Capital Chief Executive Keith Sherin said.

  • *Barclays, BNP Paribas, Deutsche likely to cut jobs- sources. *Barclays likely to add to S.Korea, Taiwan cuts- sources. Bankers and headhunters told Reuters that BNP Paribas SA, Deutsche Bank AG and Barclays PLC are among lenders likely to cut back equities trading and research teams in non-core markets in Asia this year.

  • Jan 6- Macy's Inc said it would cut jobs and consolidate operations after reporting disappointing holiday sales, highlighting the department store chain's struggles to attract customers. Also, Amazon.com Inc has revolutionized shopping habits, conditioning shoppers to expect deeper discounts than what brick-and-mortar retailers can afford.

  • DALLAS, Jan 6- Texas tycoon Sam Wyly engaged in "lies, deception and fraud" in a years-long scheme to dodge taxes on $1.1 billion held in offshore trusts, a lawyer for the Internal Revenue Service said on Wednesday. The IRS made those claims at the start of a trial in federal bankruptcy court in Dallas in which the agency is seeking $3.22 billion in back taxes, penalties...

  • Jan 6- Department store chain Macy's Inc, which lowered its full-year earnings expectations for the second time, said it would cut jobs and consolidate its operations, starting early 2016.. The company said it expects to generate about $400 million in savings beginning this year. Macy's on Wednesday cut its full-year 2015 earnings forecast to $3.85- $3.90 per...

  • Jan 6- Department store chain Macy's Inc said it would shut some stores and cut jobs, starting early 2016.. The company said it expects to generate about $400 million in savings beginning this year. The company also cut its full-year 2015 earnings forecast to $3.85- $3.90 per share, excluding charges taken for the cost savings program, from $4.20 to $4.30.

  • Jan 6- Lamar Advertising Co is in advanced talks to buy billboard assets in five U.S. cities from Clear Channel Outdoor Holdings Inc worth roughly $450 million, according to people familiar with the matter. Lamar is close to a deal to purchase Clear Channel Outdoor's billboard assets in Cleveland, Des Moines, Memphis, Reno and Seattle, the sources said this week,...

  • Jan 6 (Reuters)- Monsanto Co said a souring farm economy and currency woes will push its 2016 earnings to the lower end of expectations, while a cost-cutting drive will lead the world's largest seed company to slash more jobs. However, Monsanto's recent attempts to re-engage Syngenta AG about a potential takeover have been difficult since the Swiss agrochemical...

  • Jan 6- Monsanto Co plans to slash another 1,000 jobs worldwide, bringing total planned cuts to 3,600, or about 16 percent of its global workforce, according to a filing Wednesday with the U.S. Securities and Exchange Commission. The additional staffing cuts, along with site closures and contract terminations is expected to increase a restructuring charge to a...

  • SAO PAULO, Jan 6- Brazil's Gouvêa family no longer wants to take control of apparel and home furnishing retailer Leader Participações SA back from bank BTG Pactual SA, newspaper Valor Economico reported on Wednesday. BTG Pactual has tried to sell assets and tap emergency funding since the bank's former CEO Andre Esteves was swept into a massive graft...