Business Strategy Contracts

  • April 28- Verizon Communications Inc said it had presented a revised contract proposal to the unions representing nearly 40,000 workers, who have been on strike after contract talks hit an impasse. "We are putting our last, best final offer on the table," Verizon's chief administrative officer Marc Reed, said in a company statement. Northeast and Mid-Atlantic...

  • AMSTERDAM, April 26- Philips said on Tuesday an arbitration court had ordered Japan's Funai Electric to pay it 135 million euros over the 2013 collapse of a deal for the Japanese firm to buy a business from the Dutch company. Philips claimed breach of contract when Funai didn't follow through on its purchase of Philips' audio and video businesses, including the...

  • The company forecast second-quarter revenue would grow 15 percent, plus or minus 3 percent, sequentially, which translates to $928.1 million to $985.5 million. AMD said on Thursday it signed a $293 million agreement to license its processor technology to a joint venture it formed with Tianjin Haiguang Advanced Technology Investment Co Ltd, an investment...

  • April 21- Advanced Micro Devices Inc's quarterly revenue handsomely beat Wall Street estimates and the chipmaker said it signed a $293 million licensing agreement with a Chinese investment group. AMD said it signed an agreement licensing its processor technology to a joint venture it has formed with Tianjin Haiguang Advanced Technology Investment Co Ltd,...

  • AMSTERDAM, April 20- In a victory for Moscow, a Dutch court on Wednesday overturned an order that Russia pay $50 billion to shareholders in defunct oil company Yukos, saying that the Hague- based Permanent Court of Arbitration had no jurisdiction. In July 2014, the Permanent Court of Arbitration in The Hague ruled that the four plaintiffs- not including...

  • April 4- United Airlines and the International Association of Machinists& Aerospace Workers reached tentative agreements on new contracts for nearly 30,000 IAM-represented employees. The seven agreements, which run through 2021, call for nearly 30 percent in pay increases over the term of the deal and $100 million in lump sum payments, the IAM said.

  • LONDON, April 3- Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 3- Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • SYDNEY, March 31- Movie making has joined pursuits such as egg farming, the growing of medical marijuana and beauty products as another way for struggling mining companies to weather one of the industry's worst downturns in decades. Artemis this week signed a contract with independent production company Go2Sho Inc to help finance "Tango Down," a military action...

  • SAO PAULO, March 29- Brazil's electricity regulator Aneel on Tuesday fined energy and infrastructure group Bertin 6.25 billion reais due to the company's failure to comply with power contracts. Bertin group won several contracts back in 2008 to deliver electricity it would generate from thermal power plants in the country. But the company failed to build the...

  • BERLIN/ FRANKFURT, March 24- German software giant SAP on Thursday extended the contracts of its top executive team until 2021, according to an internal memo seen by Reuters, in a move that dispels doubts about the future tenure of Chief Executive Bill McDermott. In a memo to employees, SAP said its supervisory board had renewed the contracts of McDermott, Chief...

  • LOS ANGELES, March 18- Satellite TV provider Dish Network Corp said on Friday it will request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's NBCUniversal networks. The networks will remain available to Dish customers during the arbitration as well as a 10- day "cooling off period" during which the parties can...

  • March 16- NBCUniversal said it would participate in any arbitration Dish Network Corp could potentially file as the satellite TV company pursues its plan to stop NBC from blacking out channels such as CNBC and USA. "Should Dish proceed with arbitration we will of course participate in the process, and look forward to receiving the fair market value for our...

  • FRANKFURT, March 11- The consortium of companies planning to build the Nord Stream 2 subsea pipeline to bring Russian gas to Europe said on Friday it has awarded steel pipe delivery contracts for 2,500 kilometers to three firms, completing a tender. Gazprom-led Nord Stream 2, due to open in 2019, should double the amount of gas directly shipped from Russia to...

  • The ruling by New York's influential bankruptcy court is the first major test whether Chapter 11 can be used to end a contract with companies in what is known as the midstream sector of the energy industry. "The debtors have satisfied the standard for the rejection of the contracts," said Judge Shelley Chapman, who read the opinion from the bench.

  • WASHINGTON, Feb 29- The U.S. Air Force on Monday awarded contracts worth more than $160 million to two separate firms involved in the development of new rocket engines to help the United States end its dependence on Russian-made rocket motors for national security space launches. The Air Force awarded a $115 million contract to Aerojet Rocketdyne Holdings Inc...

  • WASHINGTON, Feb 29- The U.S. Air Force on Monday awarded contracts worth more than $160 million to two separate firms involved in the development of a new rocket engine to help the United States end its dependence on Russian rocket engines for national security space launches. The Air Force awarded a $115 million contract to Aerojet Rocketdyne of Canoga Park,...

  • Taylor Swift supports Kesha with $250k donation

    Kesha gains another major supporter in her current legal battles against Dr. Luke.

  • Quadruple witch

    Today's a witching day. It may sound ominous, but it's really just the alignment of some important time periods for the markets.  CNBC explains ....

  • Rob Manfred speaks at a press conference after being elected by team owners to be the next commissioner of Major League Baseball.

    In his first All-Star game as MLB commissioner, Rob Manfred says he is encouraged by the efforts to speed up the game of baseball.