×

Leadership Business Events

  • *Sale could raise up to $1 billion- sources. TORONTO/ VANCOUVER, Jan 31- U.S. private equity firm Orion Mine Finance Group is in talks to sell a portfolio of 87 mining royalty, streaming and offtake assets, Orion portfolio manager Douglas Silver said on Tuesday. The portfolio includes 71 royalties, eight streams and eight offtake agreements on gold, silver, base metals...

  • BRASILIA, Jan 31- Brazil plans to overhaul its bankruptcy law to help troubled companies survive a two-year recession that has led a record number of them to suspend debt payments, a senior member of the government's economic team said on Tuesday. President Michel Temer also plans to announce new measures next week to increase productivity and bolster the...

  • NEW YORK, Jan 31- Jared Kushner has divested his equity interest in 666 Fifth Avenue, a 39- story office and retail building on Manhattan's famed shopping area, according to a spokesperson at Kushner Companies. Kushner said he would step down as CEO of Kushner Companies, a family owned real estate company, and begin to divest himself of substantial assets after he...

  • The company's loss from continuing operations was $321.2 million, or $1.42 per share, in the fourth quarter ended Dec. 31, compared with a profit of $45.3 million, or 18 cents per share, in the year-earlier period. Consol said it recorded several one-time charges in the quarter, including a $237 million loss on commodity derivatives. Total revenue and other income...

  • *Sells UK North Sea assets for up to $3.8 bln to Chrysaor. LONDON, Jan 31- Royal Dutch Shell announced two divestments on Tuesday worth $4.7 billion including selling a chunk of its North Sea assets to private-equity backed Chrysaor which will now become a top three oil and gas producer in Britain. Shell agreed to sell a mixture of new and late-life North Sea oil and...

  • *JFE says pushing ahead with Mexico steel plant. TOKYO, Jan 31- Japan's No.2 steelmaker JFE Holdings on Tuesday said it was on track to build a steel plant in Mexico with U.S. company Nucor, although it is closely watching U.S. policy after President Donald Trump threatened to tear up a regional trade pact. Trump has threatened to ditch the North American Free Trade...

  • The deal, which accounts for more than half of Shell's production in the North Sea, will breathe new life into the aging North Sea where production has steadily declined since the late 1990 s and where oil majors such as Shell and BP have struggled to generate profits. The Anglo-Dutch company said in a statement the North Sea deal included an initial...

  • NEW YORK, Jan 30- Commodities brokerage OTC Global Holdings said on Monday it had opened a new office in Singapore as it seeks to expand its market share in the Asian market, a growing part of the global commodity trade. OTCGH, the world's largest independent institutional broker of commodities, covers financial and physical instruments from its offices in...

  • *Shares slide 14.42 pct to record low of $6.17. Fitbit's shares fell 14.42 percent to a record low of $6.17 in morning trading on Monday. Fitbit said it now expects fourth-quarter revenue between $572 million and $580 million, much lower than its previous forecast of $725 million- $750 million.

  • LAGOS, Jan 30- Nigeria has asked Goldman Sachs and the local unit of South Africa's Standard Bank to advise it on the sale of a debut "diaspora bond" targeted at Nigerians living abroad, Stanbic IBTC Bank said on Monday. Such bonds are a form of government debt that targets members of the national community abroad and Africa's biggest economy first announced plans...

  • Jan 30- Oil and natural gas producer Chevron Corp said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. Oil companies have been restructuring pay packages of their top management after a two-year-long slump in oil prices eroded profitability. The company said its board approved a grant to Chief...

  • SAN FRANCISCO, Jan 27- San Bernardino, California, won final court approval on Friday for its financial restructuring plan, clearing the way for the city to wrap up the bankruptcy case it launched more than four years ago when its leaders learned it was facing insolvency. Jury's decision capped San Bernardino's efforts, including lengthy negotiations with its...

  • NEW YORK, Jan 27- U.S. "We see it all the time," with new clients, said Chris Walters of GenSpring Family Offices, SunTrust Bank Inc's branch for clients with more than $50 million in assets. Steven Mnuchin, a former Goldman Sachs Group Inc partner who is Trump's pick to lead the U.S. Treasury Department, was grilled by members of the Senate last week for inadvertently...

  • SAN FRANCISCO, Jan 27- San Bernardino, California won final court approval on Friday for its financial restructuring plan, clearing the way for the city to wrap up the bankruptcy case it launched more than four years ago when its leaders learned it was facing insolvency. "I look forward to the city having a prosperous future," U.S. Bankruptcy Judge Meredith Jury said...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada's largest auto workers union said on Friday. President Donald Trump, who has vowed to renegotiate NAFTA with Canada and Mexico, met with the chief executives of the Big Three U.S....

  • NEW YORK, Jan 27- U.S. "We see it all the time," with new clients, said Chris Walters of GenSpring Family Offices, SunTrust Bank Inc's branch for clients with more than $50 million in assets. Steven Mnuchin, a former Goldman Sachs Group Inc partner who is Trump's pick to lead the U.S. Treasury Department, was grilled by members of the Senate last week for inadvertently...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July and move some production work to Mexico, the president of Canada's largest auto workers union said on Friday. President Donald Trump met with the chief executives of the Big Three U.S. automakers earlier this week, urging them to build more cars in...

  • TORONTO, Jan 27- General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario by the end of July and move the production work to Mexico, the president of Canada's largest auto workers union said on Friday.

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise what lawyers called "a monster" $1.5...

  • ST. LOUIS, Jan 26- Peabody Energy Corp, the world's largest private-sector coal miner, can begin seeking creditor votes for a plan to cut $5 billion of debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge said on Thursday. Peabody has said it hopes to emerge from its $8 billion bankruptcy in April with a plan that will raise $1.5 billion in private capital...