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Leadership Business Events


  • NEW YORK, June 2- A turnaround plan by Puerto Rico utility PREPA suggests restructuring debt in way that might lead to a downgrade, and discussions with creditors could center on sharing the costs of a gap of about $1 billion identified by the utility, analysts said on Tuesday. PREPA proposed a plan on Monday that requires investment of at least $2.3 billion and...

  • WASHINGTON, June 2- Sikorsky Aircraft, a unit of United Technologies Corp, on Tuesday said it would cut 1,400 jobs and consolidate facilities, with lower oil prices sharply reducing demand for helicopters in the oil and gas sectors, and international military orders down. "Today's announcement is based on the current challenging market conditions and is...

  • WASHINGTON, June 2- Sikorsky Aircraft said a major restructuring announced Tuesday is "completely unrelated" to an ongoing review by its parent company, United Technologies Corp, about strategic options for Sikorsky, including a possible spinoff. "Today's announcement is based on the current challenging market conditions and is independent of United...

  • Intel CEO: Altera deal to improve chip performance Monday, 1 Jun 2015 | 5:26 PM ET
    Intel CEO Brian Krzanich

    Intel CEO Brian Krzanich explains why the chipmaker wants Altera and whether another acquisition is on the horizon.

  • WILMINGTON, Del., June 1- The judge overseeing the $42 billion bankruptcy of Energy Future Holdings Corp, Texas's biggest power company, scolded warring lawyers in the case on Monday for what he called their "unnecessarily expensive and counterproductive" bickering. Judge Christopher Sontchi in Wilmington, Delaware, made the comments as he extended to the end of...

  • Madoff trustee to recoup $35.4 mln from Merkin funds Monday, 1 Jun 2015 | 11:28 AM ET

    NEW YORK, June 1- The trustee seeking money for Bernard Madoff's victims will receive $35.4 million in a settlement with two funds once run by Wall Street hedge fund manager J. Ezra Merkin. According to settlement papers filed late Friday with the U.S. bankruptcy court in Manhattan, the payment will be made by the Ariel Fund Ltd and Gabriel Capital LP feeder funds,...

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday handed a win to Bank of America Corp by ruling that a second mortgage on an "underwater" home- one with a mortgage balance exceeding its current value- cannot by voided during bankruptcy. But Bank of America, which is the second mortgage holder in both cases, argued in court papers that the approach taken by the 11th...

  • June 1- Molycorp Inc said it missed a $32.5 million interest payment on its senior secured notes, heightening concerns that the struggling rare earths miner could file for bankruptcy before the end of the month. Molycorp's shares fell as much as 21 percent in early trading. Molycorp, which reported a loss for the thirteenth straight quarter last month, had warned...

  • Why Intel needs to buy Altera: Expert Monday, 1 Jun 2015 | 9:31 AM ET

    Intel is running into technological limitations that Altera's intellectual property can potentially solve, David Garrity tells CNBC.

  • June 1- U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data. *Intel shares were up 0.6 percent at $34.68 in premarket trading on reports that the company was nearing a deal to buy programmable-chip maker Altera.

  • Charter-TWC will be 'relatively small': Rutledge Tuesday, 26 May 2015 | 10:42 AM ET

    Charter CEO Thomas Rutledge explains why his company's bid for Time Warner Cable will succeed where Comcast's failed.

  • Charter agrees to buy Time Warner Cable for $55B Tuesday, 26 May 2015 | 9:13 AM ET
    The headquarters for Charter Communications Inc., in St. Louis, Mo., is shown.

    Charter Communications says it will buy Time Warner Cable in a cash-and-stock deal worth $55 billion.

  • Why M&A is on a tear in 2015 Wednesday, 20 May 2015 | 9:36 AM ET
    Handshake M&A mergers

    Dealmaking hit an eight-year high in Q1 as the cost of doing deals remains low and companies chase growth, THL Partners' Scott Sperling tells CNBC.

  • GE Capital deal shows 'focused is beautiful': CEO Monday, 13 Apr 2015 | 10:37 AM ET
    GE General Electric

    Conglomerates are coming to the conclusion that they should stick to businesses in which they have a competitive advantage, Harry Wilson tells CNBC.

  • Shell gambles on rocky Brazil, Petrobras with BG bid Wednesday, 8 Apr 2015 | 9:49 AM ET
    A Petrobas platform at the Brasfels shipyard in Angra dos Reis, about 115 miles west of Rio de Janeiro.

    Shell’s $69 billion bid for BG Group could increase its exposure to Brazil at a time when the country appears to be destabilizing and stagnating.

  • Fintech joins in on global M&A spree Wednesday, 8 Apr 2015 | 7:00 AM ET
    Handshake M&A mergers

    The merger and acquisition climate in Europe got a little hotter on Wednesday with yet more dealmaking in the technology sector

  • Shell’s BG deal: The biggest oil price bet yet? Wednesday, 8 Apr 2015 | 4:19 AM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Shell’s £47 billion ($69 billion) agreed deal for energy company BG Group has already sent shares in the UK energy utility up nearly 40 percent.

  • Rolf Soiron, chairman of Holcim Ltd., left, and Bruno Lafont, chief executive officer of Lafarge SA, pose for a photograph during a news conference in Paris, France, on Monday, April 7, 2014.

    One of the biggest shareholders in cement maker Holcim said he was "unlikely" to vote in favor of merging with Lafarge.

  • Fred Smith: Planets aligned for FedEx-TNT deal Tuesday, 7 Apr 2015 | 11:30 AM ET
    A TNT delivery truck near Amsterdam, Netherlands

    A strong dollar, ongoing stimulus in Europe and low oil prices make a deal between FedEx and TNT Express possible, Fred Smith tells CNBC.

  • Who's Yoox and why does it want Net-a-Porter? Monday, 30 Mar 2015 | 9:40 AM ET
    Net-a-Porter website

    Luxury goods group Richemont has said it is in talks over a potential "business combination" between its online retailer Net-a-Porter and Yoox.