Leadership Business Events

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • Jan 11- Homer City Generation L.P., which owns three coal-fired electric power plants in the United States, filed for bankruptcy on Wednesday. NRG Energy Services will continue as the operator of Homer City's three plants, which are located near Pittsburgh, Pennsylvania and have an aggregate net capacity of 1,884 megawatts. The reorganization plan was...

  • The reductions, disclosed in an internal memo seen by Reuters, also include dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South Carolina. About two-thirds of those reductions were in Washington state. The announcement came as Boeing teamed up with a new lobbying group on Tuesday to defend $8.7 billion of...

  • SEATTLE, Jan 10- Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. It listed dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South...

  • SEATTLE, Jan 10- Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. The reductions, disclosed in an internal memo seen by Reuters, also include voluntary layoffs. It did not indicate the...

  • Jan 10- Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas- based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. http://on.wsj.com/2jroYGF.

  • Jan 10- Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas- based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. http://on.wsj.com/2jroYGF.

  • Jan 10- Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. http://on.wsj.com/2jroYGF. Many of the eliminations will affect...

  • BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators approved on Tuesday French plans to grant a capital injection of 4.5 billion euros to nuclear group Areva and said Areva's restructuring plan would not unduly distort competition. The European Commission, which oversees competition policy in the European Union, said the state aid was subject to...

  • NEW YORK— Valeant will sell just over $2 billion in assets as it pays down debts after a year and a half of bruising backlash against some of its drug prices and government probes into the way it does business. The company said Tuesday that it would sell three skincare brands to L'Oréal for $1.3 billion. The announced sale comes a day after Valeant said it would sell...

  • DOYLESTOWN, Pa.— The Pennsylvania- based maker of Cold-Eeze throat lozenges has announced that it has sold the brand to another pharmaceutical company for $50 million. Under the terms of the deal, Canonsburg- based Mylan has agreed to purchase a majority of the Doylestown- based ProPhase Labs Inc.' s assets and other rights related to the Cold-Eeze brand.

  • Jan 9- Global agricultural trader Bunge Ltd said on Monday it will build its first new U.S. soybean processing plant in 15 years in Indiana or Ohio to serve growing domestic and export demand for soy products. The plant is expected to be on line by the end of 2019, Bunge North America said in a statement. "As we evaluate the long-term demand for soy products, we see the...

  • BLACKSTONE ENDS TALKS TO BUY $5 BLN STAKE IN ENERGY TRANSFER ASSETS- BLOOMBERG, CITING SOURCES.

  • BERLIN, Jan 9- Germany's Economy Minister Sigmar Gabriel said on Monday that no Bombardier plants in Germany will be closed after a newspaper reported the Canadian company was considering closing plants and cutting a quarter of its workforce of 8,500.. The newspaper cited industry sources saying Bombardier Transportation is considering closing plants in...

  • ALBANY, N.Y.— A plan to close the aging Indian Point nuclear power plant by 2021 removes a long-held fear of an accident occurring miles from the nation's most populous city. Andrew Cuomo said Monday the state will be able to make up for lost electricity generation after announcing a deal with plant owner Entergy Corp. to close the facility in five years.

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. "McDonald's globally overall is struggling and didn't have the money or intellectual resources to focus on China," said...

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell a majority stake in its China and Hong Kong businesses to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, part of its efforts to switch to a less capital-intensive business model. The fast food chain company operates owns most of its 2,400 restaurants in mainland China as well as...

  • HONG KONG— Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. Under the terms of the deal, Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while...

  • President-elect Donald J. Trump's efforts to persuade companies not to move jobs to Mexico. This week Ford Motor Co. canceled plans for a new $1.6 billion car plant in Mexico. Trump tweeted Thursday: " Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S.

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.