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Leadership Business Events

  • 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...

  • *Total eyes cut-price stake in Iran LNG project-sources. *Iran seeks to jumpstart gas exports after sanctions. Iran shares the world's biggest gas field with Qatar, which has used the reserves to build over a dozen giant liquefaction plants to chill gas into a liquid for export on ships-- a move Iran is keen to replicate.

  • SINGAPORE, Feb 27- Noble Group Ltd reported a net profit of $8.7 million for full-year 2016 versus a huge loss in the previous year when the Singapore- listed commodities trader restructured its business operations, and it outlined further cost cuts for this year. The Hong Kong- headquartered company is slowly recovering after the restructuring, and is cutting...

  • SINGAPORE, Feb 27- Noble Group Ltd reported a full year profit of $8.7 million in the year ending December 2016 versus a huge loss in the previous year when the Singapore- listed commodities trader restructured its business operations. The Hong Kong- headquartered company is slowly recovering after the restructuring, cutting debt and boosting liquidity amid a...

  • Feb 24- BCBG Max Azria Group LLC, whose form-fitting party dresses have been worn by celebrities Selena Gomez, Drew Barrymore and others, is making preparations to file for bankruptcy as soon as next week, people familiar with the matter said on Friday. Its owner, investment firm Guggenheim Partners, did not respond to requests for comment. In a call with landlords...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • HERNANDARIAS, Paraguay, Feb 24- When toymaker Estrela decided to move manufacturing capacity back to Latin America from China, it sank $2 million into a new factory not in its native Brazil- the region's largest economy- but in its tiny southern neighbor Paraguay. Paraguay has important competitive advantages: cheap energy, labor flexibility and low social...

  • Feb 24- Appliances and electronics retailer hhgregg Inc is preparing to file for bankruptcy as soon as next month, Bloomberg reported. Indianapolis- based hhgregg's shares slumped as much as 40.8 percent to 23 cents on Friday. The retailer is still seeking an out-of-court solution that would help it prevent filing a Chapter 11, Bloomberg reported, citing...