Leadership Business Events

  • TORONTO, Oct 20- Postmedia Network Canada Corp, one of the country's biggest newspaper publishers, reported a wider loss and a 13 percent fall in fourth-quarter revenue on Thursday, as slower print sales outpaced its savings from cost cuts. Postmedia said it had a net loss of C $99.4 million in the three months to the end of August, compared to a loss of C $54.1 million...

  • *Reports 4th- qtr adj. profit of $1.07/ shr vs est. Forecasts FY adj. profit of $4.85- $5.20/ shr, includes Rite Aid. The No. 1 U.S. drugstore operator by store count said it expected to divest the 500-1,000 stores it needs to shed to win approval for the $9.4 billion acquisition by the end of 2016, and now expects the deal to close on Jan. 27.

  • LJUBLJANA, Oct 20- Japanese electrical equipment producer Yaskawa Electric will build a robot factory in Slovenia, Prime Minister Miro Cerar told reporters in Brussels on Thursday. State news agency STA reported that the investment was likely to be around 25 million euros and that Yaskawa chose Slovenia over Slovakia, the Czech Republic and Poland, which were...

  • *Says sale to fetch at least 200 mln euros in cash. FRANKFURT, Oct 20- Germany's SGL Group is to sell its graphite electrode business to Japanese chemicals firm Showa Denko in a deal valuing the unit at 350 million euros, SGL said on Thursday. The sale of the business will fetch cash proceeds of at least 200 million euros, it said, but it will also book 40 to 50 million euros...

  • CALGARY, Alberta, Oct 19- Enbridge Inc, Canada's largest pipeline company, is laying off 5 percent of its work force after an organizational review, a spokeswoman said on Wednesday. The cuts will total 530 people, affecting 370 positions in Canada and 160 in the United States. Last November, Enbridge cut 5 percent of its workforce, which at the time represented about...

  • CHICAGO, Oct 19- The bankrupt operating unit of Caesars Entertainment Corp is close to an agreement with a main holdout creditor, hedge fund Trilogy Capital Management, lawyers for the two parties said in an Illinois bankruptcy court on Wednesday. Trilogy Capital Management is one of several hedge funds that had accused Caesars of scrapping a guarantee on the...

  • CALGARY, Alberta, Oct 19- Enbridge Inc, Canada's largest pipeline company, is laying off 5 percent of its work force after an organizational review, a spokeswoman said on Wednesday. The cuts will total 530 people, affecting 370 positions in Canada and 160 in the United States. Calgary- based Enbridge launched the review in the first quarter, spokeswoman Suzanne...

  • SAO PAULO, Oct 19- Oi SA's decision to request protection from creditors in June accelerated discussions between Brazil's government and phone carriers to revamp telecommunications licensing regulations, said Igor Freitas, a board member at industry watchdog Anatel. Brazil's new center-right government is pushing through Congress an...

  • CHICAGO, Oct 18- A leading bankrupt subsidiary of Abengoa SA won U.S. court approval on Wednesday to join a $10 billion debt-restructuring agreement in Spain, a week before a deadline for the renewable energy firm to secure creditor support for the plan. Abengoa, with a global renewable energy footprint, filed for pre-bankruptcy in November in Spain, and will...

  • CHICAGO, Oct 18- A leading bankrupt subsidiary of Abengoa SA won U.S. court approval on Wednesday to join a $10 billion debt-restructuring agreement in Spain, a week before a deadline for the renewable energy firm to secure creditor support for the plan. Abengoa, with a global renewable energy footprint, filed for pre-bankruptcy in November in Spain, and will...

  • SAO PAULO, Oct 18- An activist minority shareholder in Oi SA urged the Brazilian phone carrier's board to revamp a bankruptcy protection plan presented last month, in a bid to neutralize growing pressure from large creditors like bondholders and banks. Oi, which in June filed for Brazil's largest bankruptcy protection plan on 65.4 billion reais of liabilities,...

  • Oct 18- Harley-Davidson Inc said on a conference call on Tuesday it laid off "casual," or temporary hourly wage workers, during layoffs announced last quarter. Harley-Davidson said it plans to reorganize and reduce its workforce to streamline functions and become a more agile manufacturer. The reductions will cost the company $20 million to $25 million.

  • NEW YORK, Oct 18- Royal Dutch Shell plc has retained Deutsche Bank to sell its Martinez, California refinery, according to three people familiar with the matter. Shell is in the midst of a three-year, $30 billion divestment plan following the company's purchase of BG Group earlier this year. Parsippany, New Jersey- based PBF Energy paid $537.5 million, plus working...

  • Oct 18- Harley-Davidson Inc said on a conference call on Tuesday it would lay off "casual workers," or temporary hourly wage workers, first as a part of the company's newly annouced reorganization plan. Harley-Davidson said it plans to reorganize and reduce its workforce to streamline functions and become a more agile manufacturer. The reductions will cost the...

  • *Factory to be located in Wuhan, central China. TOKYO, Oct 18- Honda Motor Co plans to build a new factory in China that will produce passenger cars from 2019, boosting its output capacity in the country by about a fifth, two people familiar with the matter said on Tuesday. The new factory will be located in Wuhan, central China, a major auto hub.

  • RIO DE JANEIRO, Oct 17- Brazil's state-controlled oil company Petroleo Brasileiro SA said on Monday it had agreed to sell its mothballed Okinawa refinery and related assets to Japan's Taiyo Oil Co. for $129.3 million, according to a securities filing. Known as Nansei Seikyu, the Okinawa refinery company supplies about half the fuel needs for the Japanese...

  • DETROIT, Oct 17- In a fresh sign of pressure on U.S. automakers, Ford Motor Co on Monday said it will shut down production of its best-selling F-150 pickup truck for a week at a Kansas City assembly plant, and temporarily idle three other plants over the next several weeks. Of the layoffs, about 4,000 will be in Mexico and about 9,000 in the United States.

  • RIO DE JANEIRO, Oct 17- Brazil's state-controlled oil company Petroleo Brasileiro SA said on Monday it had agreed to sell its mothballed Okinawa refinery and related assets to Japan's Taiyo Oil Co. for $129.3 million, according to a securities filing.

  • SAO PAULO, Oct 14- Brazil's state-controlled oil company Petróleo Brasileiro SA said on Friday it is in advanced talks with Ultrapar Participações SA to sell its gas distribution unit Liquigás Distribuidora SA.

  • NEW YORK, Oct 14- Equity investors in Breitburn Energy Partners LP can receive representation on an official committee, a U.S. bankruptcy court said on Friday, giving investors in the bankrupt oil and gas company a voice in restructuring negotiations. "court concludes that... equity has carried its burden that Breitburn does not appear to be hopelessly insolvent,"...