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Leadership Business Events

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • *3rd- qtr adj. profit $0.81/ shr vs. est. Dollar-stores such as Dollar Tree and Dollar General Corp have been expanding aggressively in recent years, taking market share from Wal-Mart Stores Inc and other retailers, thanks to their smaller store sizes, improving product assortment and prices starting at $1.00. "We believe that these results demonstrate the Family...

  • Dollar-stores such as Dollar Tree and Dollar General Corp have been expanding aggressively in recent years, taking market share from Wal-Mart Stores Inc and other retailers, thanks to their smaller store sizes, improving product assortment and prices starting at $1.00. "We believe that these results demonstrate the Family Dollar acquisition is paying...

  • BRUSSELS, Nov 22- Companies would be given more breathing space to restructure their debts in times of crisis under a European Union draft law unveiled on Tuesday, inspired by U.S. insolvency rules and aimed at avoiding bankruptcies and saving jobs. In a bid to encourage risk-taking start-ups, the proposal would make it easier for entrepreneurs in Europe to get a...

  • Nov 22- Dr Pepper Snapple Group Inc said on Tuesday it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion, in cash, in the latest example of a soft-drinks maker investing in products that are perceived to be healthier. Dr Pepper Snapple, which also makes the 7 UP and Schweppes soft drinks, already has a roughly 3 percent stake in Bai.

  • SAO PAULO, Nov 21- Banco do Brasil SA plans to save up to 3.1 billion reais in coming years by shedding up to 18,000 jobs and shutting hundreds of branches, the latest step by Chief Executive Officer Paulo Caffarelli to bolster profitability. Over the next year, the state-controlled lender is giving early retirement to employees, many of which have over 15 years of...

  • SAO PAULO, Nov 21- Banco do Brasil SA plans to save up to 3.05 billion reais by shedding up to 18,000 jobs, aiming to become a stronger digital player, boost returns and catch up with rivals, Chief Executive Office Paulo Rogêrio Caffarelli said on Monday. Caffarelli's steps to cut the size of Brazil's largest bank by assets aim to tackle a structure currently paying...

  • EXCLUSIVE- CHINA'S ANBANG IN TALKS TO BUY AS MUCH AS $2.3 BLN IN JAPANESE PROPERTY ASSETS FROM BLACKSTONE-- SOURCES.

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilisers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • ADDIS ABABA, Nov 19- Morocco's Office Cherifien des Phosphates, the world's largest phosphate exporter, signed a deal with Ethiopia on Saturday to build a $3.7 billion plant to produce fertilizers. The agreement signed with state-run Ethiopian firm Chemical Industries Corporation will enable the construction of a new plant in the town of Dire Dawa in eastern...

  • Nov 18- The federal board overseeing Puerto Rico's financial restructuring on Friday set a target date of Jan. 31, 2017 to certify a fiscal turnaround plan for the U.S. territory, and heard from bondholders and industry leaders about the merits of a draft of the proposal. The board, created this year under the Puerto Rico rescue law known as PROMESA, is working on...

  • BRUSSELS, Nov 18- Euro zone banks could be forced by watchdogs to suspend their payments to some creditors for a maximum of five days if there are risks of bank failure, a draft EU law said, granting regulators power to intervene early to prevent crisis. The draft law, expected to be published by the European Commission next week, gives regulators the extra power to...

  • SYDNEY/ SINGAPORE/ TOKYO, Nov 18- Australia and New Zealand Banking Group's sale of its life insurance and wealth unit is attracting interest from Japan's Meiji Yasuda and Hong Kong- based AIA Group, according to people familiar with the situation. Meiji Yasuda, Japan's third-largest private sector insurer by assets, is attracted to ANZ's wealth business as well...

  • SAO PAULO, Nov 17- Brazil's Petroleo Brasileiro SA has approved the sale of its liquefied petroleum gas unit to Ultrapar Participações SA, as Brazil's state-controlled firm disposes of assets to reduce the largest debt burden among global oil producers. In a securities filing on Thursday, Petrobras said its board approved the sale of Liquigás...

  • Citi's Institutional Clients Group advised the bank on the deal. National Bank Financial Inc was lead financial adviser to JC Flowers and Värde. Barclays Capital also served as financial adviser to the buyers.

  • Nov 17- Verizon Communications Inc's AOL digital media unit will lay off 5 percent of its workforce, or about 500 people, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday. Chief Executive Officer Tim Armstrong informed employees about the cuts in an email on Thursday morning. Verizon bought AOL for $4.4...

  • Nov 17- Verizon Communications Inc's AOL digital media company will lay off 5 percent of its workforce, or about 500 employees, to consolidate operations after recent acquisitions, a person familiar with the situation said on Thursday. Chief Executive Officer Tim Armstrong informed employees about the workforce cuts in an email on Thursday morning.

  • The plan of reorganization was filed in the U.S. Bankruptcy Court for the Southern District of New York with the full support of its creditors committee, the company said in a statement. The plan outlines the company will emerge as a single air carrier under the name Republic Airline Inc, it said. Republic offers about 1,000 daily flights to more than 100 cities in...

  • Nov 16- Regional carrier Republic Airways Holdings Inc, which sought Chapter 11 bankruptcy protection in February, said on Wednesday it filed a plan to emerge from bankruptcy in the first quarter of 2017.. A plan of reorganization was filed in the U.S. Bankruptcy Court for the Southern District of New York with the full support of its creditors committee, the...