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Leadership Business Events

  • *Third quarter EPS ex-items $0.13 vs. Oct 27- Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Revenue rose about 8 percent to $616 million, above the average analyst estimate of $605.8 million.

  • *Third quarter EPS ex-items $0.13 vs. Oct 27- Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Revenue rose about 8 percent to $616 million, above the average analyst estimate of $605.8 million.

  • The firm reported strength from its restructuring business, which nearly doubled from a year ago to $51.27 million. Distressed debt and bankruptcy restructuring deals around the world jumped 67 percent to $168.4 billion during the first nine months of 2016, according to Thomson Reuters data. Net income attributable to Lazard was $112.5 million, or 85 cents...

  • FRANKFURT, Oct 27- Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that the bank faces tough times ahead as it finalizes talks with U.S. justice authorities over a multi billion dollar fine. Germany's biggest lender earlier posted an unexpected quarterly profit, benefiting from a modest rebound in bond trading,...

  • MADRID, Oct 27- Spanish telecoms group Telefonica, under pressure to reduce its debt after the sale of its British mobile business O2 UK was blocked by regulators, said on Thursday it was cutting its dividend to enable it to speed up repayment of loans. In line with that policy, the company said it would not list its British mobile subsidiary O2 UK in 2016, and would...

  • Fees from Lazard's restructuring business nearly doubled to $51.27 million, helping the company report a 3.8 percent rise in financial advisory revenue. Distressed debt and bankruptcy restructuring deals around the world jumped 67 percent to $168.4 billion during the first nine months of 2016, according to Thomson Reuters data. Net income attributable...

  • Oct 27- Twitter Inc said Thursday it would cut 9 percent of its global workforce to keep costs down as the microblogging service reported quarterly results that beat Wall Street expectations, lifting shares. Revenue rose about 8 percent to $616 million, above the average analyst estimate of $605.8 million. Excluding items, the company earned 13 cents per share,...

  • BRASILIA, Oct 27- Brazilian miner Vale SA will go ahead with the sale of its fertilizer business after its board of directors gave its approval, the newspaper Valor Economico reported on Thursday. Reuters reported on Oct. 5 that Brazil's global mining company was negotiating the sale of the business with Mosaic and Yara for at least $3.6 billion.

  • FRANKFURT, Oct 27- Deutsche Bank chief John Cryan pledged to redouble restructuring efforts on Thursday, warning that it faces tough times finalising talks with U.S. justice authorities over a multi billion dollar fine. Germany's biggest lender earlier posted an unexpected quarterly profit, benefiting from a modest rebound in bond trading, but failed to...

  • LIMA, Oct 26- Odebrecht SA's plans to sell its 55 percent stake in a $5 billion natural gas pipeline project in Peru to a Sempra Energy-led group collapsed in the final stage of negotiations, a source said on Wednesday. The Brazilian engineering group, which is disposing of assets after getting ensnared in a corruption scandal in Brazil, has pumped $50 million into...

  • Oct 26- Dr Pepper Snapple Group Inc is in talks to acquire Bai Brands LLC, people familiar with the matter said on Wednesday, a move that would break its track record of only investing small stakes in growth drinks brands. Dr Pepper Snapple may be willing to value Bai at more than $1.5 billion, one of the people said. It was founded in 2009 by entrepreneur Ben Weiss, who...

  • EXCLUSIVE-DR PEPPER SNAPPLE GROUP INC IN TALKS TO ACQUIRE BAI BRANDS LLC-SOURCES.

  • NAIROBI, Oct 26- Kenya Airways needs to extend debt repayments and make other changes to restructure its balance sheet, which would take priority over finding a strategic partner, the new chairman of the loss-making airline told Reuters. The appointment of veteran telecoms executive Michael Joseph as chairman has also lifted sentiment.

  • LONDON, Oct 26- The yield on Mozambique's restructured "tuna bond" hit a record high on Wednesday after the government said debt levels were unsustainable, while emerging equities slipped from two-week highs, tracking falls in developed markets. Mozambique's finance ministry warned creditors the government must renegotiate repayment terms if it is to agree...

  • CHICAGO, Oct 25- Hedge fund Trilogy Capital Management, the last holdout bondholder of Caesars Entertainment Corp's bankrupt operating unit, has agreed to support the casino group's restructuring and halt litigation, a court filing showed on Tuesday. While Trilogy's claim was small at $9.4 million, a judgment could have blown up a crucial $5 billion...

  • Walter 'Walt' Bettinger, president and chief executive officer of Charles Schwab.

    TD Ameritrade has more of its business tied to transaction fees, but Charles Schwab has diversified away from that, CEO Walt Bettinger said.

  • CHICAGO, Oct 25- A U.S. judge on Tuesday ordered the bankrupt U.S. subsidiaries of renewable energy company Abengoa SA to disclose their dealings with their Spanish parent, which was accused of draining cash from the U.S. units. Creditors of Abengoa units Abengoa Bioenergy US Holding LLC and Abeinsa Holding Inc, which both filed for bankruptcy this year, have said...

  • CHICAGO, Oct 25- The bankrupt operating unit of Caesars Entertainment Corp has reached an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, a filing with an Illinois district court showed on Tuesday.

  • The world's largest construction and mining equipment maker posted a third-quarter profit of $283 million, or 48 cents per share, down from a revised $559 million, or 94 cents per share, a year earlier. Excluding restructuring costs, earnings per share came to 85 cents, exceeding analysts' estimates of 76 cents. Revenue fell to $9.2 billion from about $11 billion.

  • Caterpillar reported a third-quarter profit of $283 million, or 48 cents per share, down from a revised $559 million, or 94 cents per share, a year earlier. Excluding restructuring costs, earnings per share came to 85 cents, exceeding analysts' estimates of 76 cents. Revenue fell to $9.2 billion from about $11 billion.