Leadership Business Events

  • A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City, New Jersey.

    The Republican presidential nominee's name will disappear from the seaside gambling resort — along with 3,000 jobs.

  • MONTREAL/ NEW YORK, Aug 3- Irving Oil said on Wednesday it agreed to buy Ireland's only refinery from Phillips 66, scooping it up at a discount in a deal that will extend the Canadian company's reach across the Atlantic. "It gives them a product terminal asset that could be valuable: Ireland still has need for refined product, whether it's produced locally or...

  • LONDON, Aug 3- A consortium led by private equity firm Apollo Global Management has emerged as the frontrunner for Anglo American's metallurgical coal mines in Australia, valued at up to $1.5 billion, two sources familiar with the matter told Reuters. Anglo American, like its peers, is selling off prized assets after a prolonged commodities rout that has left it...

  • Aug 2- Supervalu Inc said On Tuesday it is evaluating a sale of its Save-A-Lot business, among other efforts to separate the discount grocery chain from the company. Shares of Supervalu rose 4.6 percent to $4.56 in light after market trading on Tuesday. Supervalu announced its intention to separate Save-A-Lot in January as bigger rivals such as Wal-Mart Stores...

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc.. U.S. Department of Health and Human Services spokeswoman Marjorie Connolly said the exchanges...

  • *Sells some Medicare Advantage assets for Humana deal nod. Aug 2- Aetna Inc said it intended to withdraw plans to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets to get antitrust nod for its takeover of Humana Inc.. The $117 million deal addresses "a key concern of the U.S. Department of Justice...

  • Aetna, whose acquisition of smaller rival Humana Inc is being challenged by U.S. antitrust authorities, also said it had agreed to sell some Medicare Advantage assets to Molina Healthcare Inc in a deal valued at $117 million. The company, however, reported higher-than-expected quarterly revenue and profit on Tuesday as memberships grew in its government...

  • NEW YORK, Aug 1- Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that name his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the news website over a sex tape it posted. Denton listed assets of $10 million to $50 million and...

  • Aug 1- Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that named his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the website over a sex tape. Denton listed assets of $10 million to $50 million and liabilities of $100...

  • PARIS, Aug 1- French cheese producer Bel Group, famous for its La Vache qui rit brand, has started talks with LBO France to buy a majority stake in marmalade maker MON in a drive for leadership in the healthy snacks market. MOM Group- which owns the Materne marmalade and Pom'Potes and GoGo Squeez fruit drink brands- employs 1,300 people and owns two production sites in...

  • *Statoil hopes Carcará will replace Norway output in 2020 s. RIO DE JANEIRO/ OSLO, July 29- Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion, the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances. Petrobras Chief...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • This could have implications for other central banks around the world contemplating further easing, notably the European Central Bank and the Bank of England. The latter meets in the coming week and is widely expected to take steps to ease the economic pain of Britain's vote to leave the European Union. *BoE policy decision Aug. 4, Australia Aug. 1, BOJ minutes Aug. 3.

  • InBev SABMiller

    The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said.

  • Xerox's total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April. Xerox said it expected one-time pretax separation costs of $175 million- $200 million, lower than the $200 million- $250 million it had estimated earlier.

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. Energy Future, the largest power company in Texas, filed for bankruptcy on April 29, 2014, in one of the largest ever bankruptcies in the United States.

  • FRANKFURT/ BUDAPEST, July 29- Daimler AG said on Friday it would build a new factory in Hungary to make Mercedes-Benz cars, giving a major boost to the local economy and raising the competitive pressure on the luxury automaker's established plants in Germany. The new factory will be the first plant capable of producing both compact cars and larger limousines,...

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its indirect stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. The agreement will be filed as part of the restructuring of Energy Future, currently before the Delaware bankruptcy court, and it is designed to...