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Leadership Business Events

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • BRUSSELS, Oct 5- An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans. In Western European countries, nearly 175,000 bankruptcies were recorded last year, up from 130,000 in 2007 before the financial crisis struck Europe,...

  • Oct 5- Activist investor Elliott Management urged Samsung Electronics Co Ltd to explore a "demerger," splitting into a listed holding company and a listed operating company. Elliott, in a letter to Samsung Electronics' board on Wednesday, also said the new holding company should look at a possible all-stock merger with Samsung C&T Corp.. Samsung C&T is the defacto...

  • **Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain. **U.S. rail equipment maker Wabtec Corp secured EU antitrust approval for its $1.8 billion buy of Faiveley Transport after agreeing to sell the French company's sintered friction material...

  • **Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain. **U.S. rail equipment maker Wabtec Corp secured EU antitrust approval for its $1.8 billion buy of Faiveley Transport after agreeing to sell the French company's sintered friction material...

  • WILMINGTON, Del/ CHICAGO Oct 4- Caesars Entertainment Corp delivered an unusual bounty to its private equity owners when it struck a $5 billion deal last week to exit its casino operating unit's costly bankruptcy: They keep part of their investment. Under the proposed agreement, shareholders Apollo Global Management and TPG Capital Management LP could emerge...

  • LONDON, Oct 4- Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing on the United States and Britain. The London- based lender is seeking to sell its African operations as part of a plan by Chief Executive Jes Staley to simplify its structure and improve shareholder returns.

  • The businesses to be sold had sales of about $1.5 billion last year and include the majority of Newell's tools business; the winter sports businesses; heaters, humidifiers and fans businesses within consumer solutions; and its storage container business. The actions announced on Tuesday would not impact Newell's 2016 forecast for core sales growth of 3-4...

  • STOCKHOLM, Oct 4- Ericsson is cutting about a fifth of its Swedish workforce and hundreds of consultants as demand for its network equipment shrinks and competition from China's Huawei and Finland's Nokia intensifies. Failure to offset waning demand for telecom equipment has caused Ericsson shares to lose a quarter of their value this year and politicians...

  • ROME, Oct 4- The Bank of Italy is confident there are alternatives to liquidation for four Italian banks rescued from bankruptcy last year if their planned sale falls through, its Director General Salvatore Rossi said on Tuesday. A European Union deadline of Sept. 30 for the sale of the troubled banks was extended last week, but UBI Banca's move to buy three of them...

  • Oct 3- A divided federal appeals court on Monday rejected claims by Detroit retirees that their pensions were unfairly cut to help the city end the largest U.S. municipal bankruptcy. The 6th U.S. Circuit Court of Appeals in Cincinnati said restoring the pension cuts would "unavoidably" unravel Detroit's reorganization plan, which helped the city shed $7 billion...

  • Oct 3- A divided federal appeals court on Monday ruled in favor of Detroit in a lawsuit by retirees who complained that their pensions were cut improperly to help the city end its bankruptcy. By a 2-1 vote, the 6th U.S. Circuit Court of Appeals said restoring the pension cuts would unravel Detroit's 2014 emergence from bankruptcy, and that the potential harm to the...

  • Oct 3- A divided federal appeals court on Monday ruled in favor of Detroit in a lawsuit by retirees who complained that their pensions were cut improperly to help the city end its bankruptcy. By a 2-1 vote, the 6th U.S. Circuit Court of Appeals said restoring the pension cuts would unravel Detroit's 2014 emergence from bankruptcy, and that the potential harm to the...

  • Oct 3- A divided federal appeals court on Monday ruled in favor of Detroit in a lawsuit by retirees who complained that their pensions were cut improperly to help the city end its bankruptcy. By a 2-1 vote, the 6th U.S. Circuit Court of Appeals said restoring the pension cuts would unravel Detroit's 2014 emergence from bankruptcy, and that the potential harm to the...

  • But they are the heaviest since 2009, when ING was forced to restructure and spin off its insurance activities after receiving a state bailout during the financial crisis. "I don't think this was the intention of the when it kept ING afloat with bailout money," Ike Wiersinga of the Dutch CNV union said. ING said it would invest 800 million euros in its technology...

  • Bill Gross

    "Bond king" Bill Gross has given his backing to the proposed merger between his employers, Janus Capital, and U.K.-based Henderson Global Investors.

  • Fund management firms Janus Capital and Henderson Global Investors have agreed an all-share merger.

  • Jesse Cohn, Elliott Management

    Elliott Management said it bought 8.1 percent stake in Mentor Graphics, calling on the company to pursue "strategic opportunities."

  • *Elliott's stake comes months after Carl Icahn exited investment. Elliott's broad range of investments across the tech industry are overseen by portfolio manager Jesse Cohn, who also leads its private equity investing arm, Evergreen, based in Menlo Park, California. In June, it partnered with Francisco Partners to acquire Dell Inc's software assets in a deal...

  • *Company hasn't paid installments since start of year- sources. DUBAI, Sept 29- Dubai- listed conglomerate Gulf General Investment Co is seeking to restructure loans linked to a 2.8 billion dirham debt plan which it agreed four years ago, banking sources told Reuters. More recently GGICO, 50 percent- owned by the Al Sari family from the emirate of Sharjah, requested...