GO
Loading...

Enter multiple symbols separated by commas

Leadership Business Events

More

  • SAN JUAN/ NEW YORK, Feb 9- Puerto Rico said on Monday it would appeal a U.S. ruling that voided the island's restructuring law, saying it left it in legal limbo and struggling to find a way to manage its debt load. "We are left deprived of the only instrument available to manage our debt in an organized form," Puerto Rico Justice Secretary Cesar Miranda said in a statement.

  • WILMINGTON, Delaware, Feb 9- Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate...

  • NEW YORK, Feb 9- Puerto Rico vowed on Monday to take steps to counter a court ruling striking down a local bankruptcy law that has raised fears of a messy restructuring for the indebted U.S. commonwealth. Puerto Rico's Government Development Bank, the financing arm of the U.S. commonwealth, went on the offensive early on Monday. The ruling late on Friday came as...

  • A clinical technician holds a syringe and a vial of Allergan Botox, produced by Allergan.

    M&A experts forecast there will be more major pharma deals in 2015 — but the U.K. won’t be a focus and the deals won’t be done for tax reasons.

  • *Pakistan, like South Korea, has seen many branch closings. HONG KONG, Feb 9- Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters. The costs cuts and the shift to wealthy clients in Asia,...

  • Feb 8- Altegrity Inc, owner of the company that carried out background checks on former NSA contractor Edward Snowden and Navy Yard shooter Aaron Alexis, filed for Chapter 11 bankruptcy protection on Sunday as it implements a restructuring deal with its lenders. The company said some of its lenders, including funds managed by Third Avenue Management, Litespeed...

  • RadioShack would accept liquidation bids -lawyer Friday, 6 Feb 2015 | 4:45 PM ET

    Feb 6- A lawyer for RadioShack on Friday said the bankrupt electronics chain would accept all kinds of bids for its assets, including from liquidators, although any transaction would require court approval. RadioShack, which filed for Chapter 11 protection on Thursday, has a tentative deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund...

  • MUNICH/ FRANKFURT, Feb 6- Siemens Chief Executive Joe Kaeser applied the finishing touches to his overhaul of the German industrial group with the announcement on Friday of 7,800 job cuts designed to streamline management and speed decision-making. The roughly 2 percent cut to the trains-to-turbines group's global workforce will generate productivity...

  • Feb 5- Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint Corp would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint...

  • Feb 5- Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to Sprint and an affiliate of hedge fund Standard General, its lender and largest shareholder. RadioShack listed $1.2 billion of assets and $1.39 billion of debts in its Chapter 11 filing in U.S. Bankruptcy...

  • RadioShack files for Chapter 11 bankruptcy protection Thursday, 5 Feb 2015 | 5:32 PM ET

    Sept 11- Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores. RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court. The case is In Re: RadioShack Corp, Delaware Court, District of...

  • BRIEF-RadioShack files for Chapter 11 bankruptcy Thursday, 5 Feb 2015 | 5:14 PM ET

    *Files for chapter 11 bankruptcy-- court records. *Files with U.S. bankruptcy court in Delaware. *Says has $1.2 billion assets, $1.39 billion debts as of November 1, 2014.

  • SAN FRANCISCO, Feb 5- Sprint Corp aims to expand its retail footprint with 500 stores this year and is considering troubled electronics retail chain Radioshack's prime real estate, Chief Executive Marcelo Claure told Reuters on Friday. "We're looking at RadioShack very closely, in terms of what's going to happen. Radioshack is preparing to shut down and sell...

  • Greek radicals play it safe with debt advisers Lazard Thursday, 5 Feb 2015 | 2:08 PM ET

    LONDON, Feb 5- Soon after politicians from the far-left Syriza party won power in Greece they said they had hired Lazard to advise them on restructuring their debt. Lazard cemented its position as the eminence grise of debt negotiations when it secured the biggest restructuring deal in history for Athens in 2012.. Geopolitical turmoil and economic shocks keep...

  • BT agrees EE deal, to raise $1.5B via a placing Thursday, 5 Feb 2015 | 4:18 AM ET

    BT said it would raise $1.5 billion through a placing of new shares to fund its 12.5 billion pounds ($19 billion) acquisition of EE.

  • Weatherford to cut 5,000 jobs as it fights oil slump Thursday, 5 Feb 2015 | 12:49 AM ET

    Feb 5- Weatherford International Plc plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts. Schlumberger NV, the world's largest oilfield services provider, is laying off 9,000 employees, while Baker Hughes Inc is reducing its headcount by...

  • Big deals aside, Actavis CEO says it's R&D over M&A Friday, 30 Jan 2015 | 9:07 AM ET
    Actavis Group headquarters is shown in Hafnarfjordur, Iceland, April 20, 2006.

    The drugmaker has engaged in $100 billion of M&A in the last year, but CEO Brent Saunders told CNBC it is committed to innovation.

  • Why energy M&A hasn't hit critical mass Friday, 30 Jan 2015 | 7:51 AM ET
    Blair Effron, Centerview Partners, Partner and Co-Founder.

    Valuations for energy companies may not have fallen far enough to spark dealmaking, two analysts tell CNBC.

  • HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...