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Business Strategy Contracts

  • SAN DIEGO— U.S. Customs and Border Protection said Friday that it plans to start awarding contracts by mid-April for President Donald Trump's proposed border wall with Mexico, signaling that he is aggressively pursuing plans to erect "a great wall" along the 2,000- mile border. Homeland Security Secretary John Kelly has sought employees' opinions during...

  • Security personnel at the Sands Casino Resort Bethlehem on Wednesday agreed to a three-year deal with Las Vegas Sands Corp., The Morning Call reported. The officers are the only union members at Las Vegas Sands, which has more than 50,000 employees worldwide at casinos in Las Vegas, Singapore and Macau. The 146- member local approved a deal that gives security...

  • Lopez Obrador, frontrunner in polls for the 2018 race, fought the overhaul of Mexico's state-run energy sector by the current government, saying the move to open the industry to private producers was anti-constitutional. A Lopez Obrador victory in 2018 could complicate Mexico's relations with top trade partner the United States and U.S. oil companies that...

  • LONDON, Feb 21- Outsourcing group Capita, under pressure from a slowdown in demand from customers, said it had written off the value of a number of historic contracts, sending its shares down over 4 percent. Shares in the group, which said it was otherwise trading in line with the guidance it gave in December, were down 21 pence at 491 pence at 0806 GMT.

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centres around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to squeeze...

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday that it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to...

  • JAKARTA, Feb 20- Indonesia's mining minister Ignasius Jonan on Monday said the government can also bring Freeport-McMoRan Inc to arbitration if both sides fail to reach an agreement over a mining contract. Earlier on Monday, Freeport-McMoRan chief executive Richard Adkerson said the company may commence arbitration if it and the government cannot...

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said on Monday. Freeport said it hopes to resolve the dispute with the government, but it also reserved the right to start arbitration against the...

  • TORONTO, Feb 17- Freeport-McMoRan Inc has declared force majeure on "nearby deliveries" of copper concentrate from its suspended Grasberg mine in Indonesia, Metal Bulletin reported on Friday, citing unnamed sources. A more than month-long export suspension brought production at the giant Grasberg mine in Papua, Indonesia, to a standstill last week.

  • INDIANAPOLIS— President Donald Trump's pick to oversee Medicare and Medicaid advised Vice President Mike Pence on health care issues while he was Indiana's governor, a post she maintained amid a web of business arrangements— including one that ethics experts say conflicted with her public duties. The company holds a financial stake in the health care...

  • Metallurgical Group Corp. is in the process of building an open-pit copper mine that will destroy a 5,000-year-old Afghanistan city.

  • Tempur Sealy's shares were down 28.5 percent at $45.20 in late afternoon trading, easing slightly after hitting a more-than-three-year low of $42.54. However, Mattress Firm is not only Tempur Sealy's largest, but also its most profitable customer, and the stock is tanking because estimates for future periods must be lowered, ROE Equity Research analyst Laura...

  • Tempur Sealy stock slides after cutting ties with Mattress Firm

    Mattress maker Tempur Sealy International says it terminated its contracts with mattress retailer Mattress Firm Holdings.

  • Jan 30- Mattress maker Tempur Sealy International Inc said it terminated its contracts with U.S. mattress retailer Mattress Firm Holdings Corp, after disagreements over changes, which asked for "significant economic concessions." Shares are tanking because Mattress Firm is Tempur Sealy's largest and most profitable customer, so estimates for future...

  • Jan 30- Mattress maker Tempur Sealy International Inc said it terminated its contracts with U.S. mattress retailer Mattress Firm Holdings Corp, after disagreements over changes, which asked for "significant economic concessions." Shares are tanking because Mattress Firm is Tempur Sealy's largest and most profitable customer, so estimates for future...

  • The White House sent a letter to the EPA's Office of Administration and Resources Management ordering the freeze on Monday, an EPA staffer told Reuters. The EPA awards billions of dollars worth of grants and contracts every year to support programs around environmental testing, cleanups and research. Myron Ebell, who headed Trump's EPA transition team until...

  • CARACAS, Jan 20- Venezuelan consumer prices rose 800 percent in 2016 while the economy shrank 18.6 percent, according to preliminary central bank figures seen by Reuters, the sharpest economic contraction in 13 years and the worst inflation reading on record. An extended slump in oil prices has turned the OPEC nation's once-prosperous economy into a mirror of...

  • Lockheed Martin and Pentagon may seal $9B F-35 deal

    The aerospace company is closer to inking a $9 billion contract with the U.S. Department of Defense.

  • JAKARTA, Jan 19- Indonesia has adopted a new scheme for future oil and gas production sharing deals so that contractors shoulder the cost of exploration and production, rather than being reimbursed by the government. The shift, designed to ease the burden on Jakarta's budget, will only apply to new contracts and will not disrupt existing agreements using the...