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Leadership Business Events

  • MILAN/ LONDON, Sept 20- Italian oil major Eni has delayed the planned $3.4 billion sale of its domestic retail business, sources said, as political uncertainty caused by an upcoming referendum on democratic reform hinders major deals across the country. The delay in selling the gas and power business, estimated to be worth up to 3 billion euros, follows the...

  • MILAN/ LONDON, Sept 20- Italian oil major Eni has delayed the planned $3.4 billion sale of its domestic retail business, sources said, as political uncertainty caused by an upcoming referendum on democratic reform hinders major deals across the country. The delay in selling the gas and power business, estimated to be worth up to 3 billion euros, follows the...

  • *U.S. to provide Israel $38 bln in military aid over 10 years. Deal phases out Israel ability to spend 26.3 pct locally. JERUSALEM, Sept 20- Israel's defence industry faces layoffs, closures and a scramble to set up shop in the United States following the signing of a new U.S. military aid package that phases out Israel's ability to spend a quarter of the funds on its own...

  • *U.S. to provide Israel $38 bln in military aid over 10 years. Deal phases out Israel ability to spend 26.3 pct locally. JERUSALEM, Sept 20- Israel's defense industry faces layoffs, closures and a scramble to set up shop in the United States following the signing of a new U.S. military aid package that phases out Israel's ability to spend a quarter of the funds on its own...

  • TOKYO, Sept 20- Shares in Takata Corp fell as much as 9 percent on Tuesday after a Bloomberg report that some of the company's bidders are considering the possibility of some form of bankruptcy proceedings for the troubled Japanese air bag maker. Citing people familiar with the bidding process, Bloomberg reported on Monday that a bankruptcy option was being...

  • SAO PAULO, Sept 19- A Brazilian state appeals court postponed on Monday a vote on the legality of several aspects of Grupo OAS SA's restructuring plan for at least a couple of weeks, adding uncertainty to efforts by the debt-laden engineering conglomerate to emerge from bankruptcy protection. The ongoing delay in the plan has halted the surrender of OAS's stake...

  • Sept 19- Twitter Inc said on Monday it would lay off some employees and halt engineering work at one of its development centers in India's technology hub Bengaluru. Twitter said it remained committed to India as a strategic market and would continue to maintain a presence in the city. However, it did not disclose the number of employees it had in India.

  • Sept 19- Twitter Inc said on Monday it would lay off some employees and halt engineering work at one of its development centers in Bengaluru. The company, which also has offices in Mumbai and Delhi, said it would continue to maintain a presence for other operations in the city, which is considered India's technology hub. "Twitter remains committed to India as a...

  • STOCKHOLM, Sept 19- Swedish utility Vattenfall aims to sell its new coal-fired plant in Moorburg, Germany, some time in the next five years, its chief executive said on Monday. State-owned Vattenfall earlier this year agreed to sell other, loss-making, lignite coal mines and power plants in Germany to Czech investor EPH, saying it would become one of the greenest...

  • Sept 19- TerraForm Global Inc and TerraForm Power Inc, the "yieldcos" of bankrupt solar company SunEdison Inc, said on Monday they were exploring strategic alternatives, including a sale of their entire business. TerraForm Power's shares were up 3.4 percent at $13.49 in early trading, while TerraForm Global was up 7.4 percent at $3.65. Some of the strategic...

  • Some of the strategic alternatives for TerraForm Global and TerraForm Power may require stockholder approval, while some may require approval of the U.S. Bankruptcy Court for the Southern District of New York, the companies said. TerraForm Global has engaged Centerview Partners, Greentech Capital Advisors and AlixPartners as financial advisers.

  • Sept 19- Publisher Torstar Corp said on Monday it had agreed to sell the land and buildings of the former printing plant of the Toronto Star for about C $54.3 million. The publisher of Canada's biggest-circulation daily newspaper did not disclose the buyers of the properties in Vaughan, Ontario. The company announced in January that it was closing the Toronto...

  • SAO PAULO, Sept 16- Viver Incorporadora& Construtora SA filed for bankruptcy protection on Friday, becoming the first listed Brazilian homebuilder ever to seek an in-court reorganization amid a harsh recession, tough refinancing conditions and slumping home prices. In a securities filing, Viver said management and advisers, led by Alvarez& Marsal Holdings...

  • Sept 16- Abbott Laboratories said it would sell its eye care business to Johnson& Johnson for about $4.33 billion in cash to focus on cardiovascular devices and diagnostics business. Abbott Medical Optics, which the company acquired for nearly $1.4 billion in 2009, reported sales of $1.1 billion for 2015, J&J said on Friday. The company has sued short-selling...

  • Sept 15- U.S. discount retailer Dollar General Corp said it plans to hire 10,000 employees by mid-October, boosting its headcount by nearly 9 pct to support its expansion efforts as it looks to protect its turf amid fierce competition. Dollar General operates more than 13,000 stores in the United States and has laid out plans to open 900 stores this year and about...

  • ITT's move comes after it said last week it would shut its 137 technical college campuses in 39 states, where roughly 35,000 students are enrolled and 8,000 employees work, as a result of the U.S. Department of Education decision. ITT has hired restructuring consultants Alvarez& Marsal LLC and bankruptcy law firm Faegre Baker Daniels LLP to prepare for the...

  • Stephen Carter, CEO at Informa, explains his proposed acquisition of Penton, the U.S. exhibitions and professional information service group, for £1.18 billion.

  • Brexit not a direct risk: Informa CEO

    Informa is resilient to Brexit risks as its market in continental Europe is small, and the company remains focused on global growth, says CEO Stephen Carter.

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...