Leadership Business Events

  • April 25- Drinks can maker Ball Corp said it along with British rival Rexam Plc agreed to sell some assets to Luxembourg- based packaging maker Ardagh Group for about $3.42 billion to meet antitrust regulations ahead of their planned merger. The deal would include the sale of 22 Ball and Rexam manufacturing plants across Europe, Brazil and the United States, the...

  • April 25- Drinks can maker Ball Corp said it along with British rival Rexam Plc agreed to sell some assets to Luxembourg- based Ardagh Group for about $3.42 billion to meet antitrust regulations ahead of their planned merger. The companies will sell some metal beverage can assets, support locations and functions in Europe, Brazil and the United States to Ardagh...

  • TOKYO, April 25- Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen proceeds before the deal had been approved by regulators. Japan's anti-monopoly law...

  • NEW YORK, April 22- A U.S. bankruptcy judge on Friday put off making a decision on SunEdison Inc's request for an independent examiner at the company's first day in court. In its request, SunEdison cited the subpoena it received from the U.S. Department of Justice related to financing activities, a U.S. Securities and Exchange Commission investigation and a...

  • April 22- Halliburton Co said on Friday that it cut more than 6,000 jobs in the first quarter, during which revenue slumped 40.4 percent and it took a $2.1 billion restructuring charge mainly for asset write-offs and severance costs. The No.2 oilfield services provider also said it would now hold its earnings conference call on May 3, instead of April 25, to...

  • CHICAGO, April 22- West Virginia's environmental authority opposes a plan by bankrupt coal miner Alpha Natural Resources to sell core assets to its hedge fund lenders, saying in a court filing that it could undermine a $1 billion cleanup. The West Virginia regulator said in a filing that Alpha had yet to explain how it would comply with its bonding and cleanup...

  • DETROIT, April 22- Steve Girsky, the one-time Wall Street analyst who was instrumental in the emergence of General Motors Co from bankruptcy and the restructuring of the company after a 2009 government bailout, is retiring from the company's board of directors, GM said on Friday. Girsky led restructuring efforts at Opel, GM's primary brand in Europe, and pushed GM...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30.

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. The company is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Struggling teen apparel retailer Aeropostale Inc is preparing to file for bankruptcy as soon as this month, Bloomberg reported, citing people familiar with the matter. Aeropostale is looking to reorganize under Chapter 11, Bloomberg said, citing the people. The retailer is trying to work out a loan to finance its operations during the bankruptcy...

  • April 21- Atlantic City's independent public water utility had its credit rating downgraded four notches to junk on Thursday because of uncertainty about whether it would be dissolved or restructured to generate money for the nearly insolvent New Jersey city. The revenue bonds issued by Atlantic City Municipal Utilities Authority were cut to' B-' and placed...

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. Shares of SunEdison were halted, and last traded at about 34 cents on the New York Stock Exchange. The company's stock traded as high as $33.44 in July 2015.

  • In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion as of Sept. 30. "Our decision to initiate a court-supervised restructuring was a difficult but important step to address our immediate liquidity issues," said Ahmad Chatila, SunEdison chief executive officer. Shares of SunEdison were halted, and last traded...

  • Once the fastest growing U.S. renewable energy developer, SunEdison embarked on an aggressive acquisition strategy that left it struggling with $12 billion in debt as of Sept. 30.

  • LONDON, April 20- Investors holding Mozambique's recently restructured' tuna bond' are demanding answers from the government and its bankers over what the International Monetary Fund says are previously undisclosed loans that could exceed $1 billion. The revelations have rocked the relationship between one of the world's poorest countries and the...

  • April 20- The parent of Britain's Daily Mail said on Wednesday it had not submitted a bid to buy Yahoo Inc's core Internet business, but was in talks with potential suitors of the American company. Verizon Communications Inc was set to advance to the second stage of bidding and private-equity firms Apax Partners LLP, TPG Capital LP, Bain Capital LLC, Apollo Global...

  • April 20- The parent of Britain's Daily Mail said on Wednesday that it had not submitted a bid to acquire Yahoo Inc's core Internet business, but it was in talks with others who could potentially be interested in an acquisition. Verizon Communications Inc was set to advance to the second stage of bidding for Yahoo's core assets, as the U.S. internet company went...

  • The company said it would record a pretax restructuring charge of $1.2 billion in the second quarter.

  • April 19- Oilfield services company Seventy Seven Energy Inc said it intended to file for a prepackaged Chapter 11 bankruptcy on or before May 26, the latest energy company to seek bankruptcy protection amid a prolonged oil price slump. The company, which was spun off from Chesapeake Energy Corp in 2014, said it had entered into a restructuring agreement with...