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  • Oct 16- Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment. The deal will expand the venture's engineering and sales resources outside Japan and establish engineering centers in the United States...

  • Eagle Bulk Shipping cuts debt by 80 pct, shares skyrocket Thursday, 16 Oct 2014 | 12:01 PM ET

    Oct 16- Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity under a financial restructuring program. Excess capacity in the past couple of years has forced several shipping companies to file for bankruptcy, including Genco Shipping& Trading Ltd,...

  • Office Depot to cut 1,100 jobs in Europe Thursday, 16 Oct 2014 | 9:40 AM ET

    Oct 16- Office Depot Inc said it would eliminate about 1,100 jobs in Europe as part of a restructuring plan in the region. The company had 64,000 employees worldwide as of Jan. 25. The office supply retailer said it expects the restructuring to reduce annual costs by about $90 million by the end of 2016..

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. drugmaker AbbVie has pulled the plug on its plan to buy Dublin- based Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • *AbbVie board recommends shareholders vote against deal. *AbbVie to pay Shire $1.64 bln break fee if deal collapses. LONDON, Oct 16- U.S. pharmaceutical company AbbVie has pulled the plug on its plan to buy Dublin- based drugmaker Shire, recommending shareholders vote against the planned $55 billion takeover following new U.S. tax rules.

  • Retail consultancy Verdict predicts the global sector should return to growth in 2014 and expand by 22 percent to about $450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 percent of total spend five years from now. Pioneered in France, Britain and the United States from around the 1840 s by...

  • BEIJING/ SHANGHAI, Oct 15- A day after China International Capital Corp's high-profile chief executive resigned, sources said on Wednesday that its chairman would also quit this year, highlighting the declining fortunes of the country's first investment bank. CICC made its name shepherding the biggest state-owned enterprises onto the Shanghai and Hong...

  • Carnival mulls China ship building joint venture Wednesday, 15 Oct 2014 | 1:43 AM ET

    HONG KONG— Carnival Corp., the world's No. 1 cruise company, said Wednesday it's exploring the possibility of a ship building joint venture with a state-owned Chinese company and Italy's Fincantieri. A statement from the company said the possible joint venture with the Italian shipbuilder and China State Shipbuilding Corp. could result in the first...

  • UPDATE 1-Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 10:53 AM ET

    Oct 14- Darden Restaurants Inc named Chief Operating Officer Gene Lee as its interim chief executive, barely a week after activist shareholder Starboard Value LP won its standoff with the company and convinced shareholders to replace the entire board of directors. He has previously led a similar search for office products retailer Office Depot Inc, and is...

  • Darden Restaurants names Gene Lee interim CEO Tuesday, 14 Oct 2014 | 9:56 AM ET

    Oct 14- Darden Restaurants Inc said Chief Operating Officer Gene Lee would take over as its interim chief executive, replacing Clarence Otis. The company said on Tuesday its new board of directors has also appointed activist-investor Starboard Value LP's Jeffrey Smith as independent non-executive chairman. Starboard last week won its standoff with Darden,...

  • UPDATE 1-Signet Jewelers CEO Michael Barnes resigns Tuesday, 14 Oct 2014 | 9:23 AM ET

    Oct 14- UK- based Signet Jewelers Ltd said Chief Executive Michael Barnes resigned to be closer to his family in the United States, becoming the second top executive in three months to leave for the same reason. The parent of Kay Jewelers said Chief Operating Officer Mark Light would succeed Barnes, effective Oct. 31. The deal, which closed in May, combined the two...

  • Signet Jewelers CEO Michael Barnes resigns Tuesday, 14 Oct 2014 | 8:18 AM ET

    Oct 14- Signet Jewelers Ltd, the largest U.S. specialty jeweler, said Chief Executive Michael Barnes had resigned, effective Oct. 31.

  • CTG announces death of CEO James Boldt Tuesday, 14 Oct 2014 | 8:16 AM ET

    Oct 14- IT company Computer Task Group Inc said Chairman and Chief Executive James Boldt, 62, died on Monday. CTG's board named Brendan Harrington, 47, as interim CEO, and lead director Daniel Sullivan, 51, as non-executive chairman, the company said in a statement. The company did not disclose the cause of Boldt's death.

  • Oct 13- J.C. Penney Co Inc named Home Depot Inc executive Marvin Ellison as its new chief on Monday, ending an 18- month search but barely allaying investor concerns over problems facing the money-losing department store chain. Ellison, 49, an industry veteran credited with reviving Home Depot's U.S. business, will join J.C. Penney as a board member in November, and...

  • Oct 13- J.C. Penney Co Inc ended a year long search for a chief executive, naming retail industry veteran Marvin Ellison to replace interim CEO Myron Ullman in August 2015. "With operational execution critical at this point in J.C. Penney's lifespan, Ellison's operational background is needed." J.C. Penney said Ellison would join on Nov. 1 as president and...

  • Oct 13- J.C. Penney Co Inc said Marvin Ellison, Home Depot Inc's head of U.S. stores, would replace Myron Ullman as chief executive in August 2015. Ullman, who was CEO from 2004 to 2011, was brought back as interim CEO in April last year to stem a sales hemorrhage blamed on former CEO Ron Johnson. J.C. Penney said Ellison would join on Nov. 1 as president and CEO-designee.

  • OMV CEO Roiss's job on the line as board set to meet Sunday, 12 Oct 2014 | 10:00 AM ET

    By Shadia Nasralla and Angelika Gruber. VIENNA, Oct 12- Pressure is mounting for an early departure of Gerhard Roiss as chief executive of OMV after a drop in operating earnings and as local media and sources close to the company report corporate infighting. A year ago, OMV extended Roiss's contract until March 2017, but since then operating profit halved in the...

  • BERLIN, Oct 10- Airbus took a step on Friday towards opening a second plant in China by signing a letter of intent with Chinese authorities to set up a cabin completion centre for its wide-body A330 jets. "We believe there is a big market for A330s, especially for domestic use in China because of airport congestion," Fabrice Bregier, chief executive of the main...

  • Oct 10- Rupert Murdoch's Twenty-First Century Fox and Apollo Global Management LLC agreed to combine three of their TV production companies behind hit shows such as "Big Brother", "American Idol" and "Masterchef" under one group. The companies said they would set up a joint venture to hold Apollo-controlled Endemol and Core Media and Fox's Shine Group.

  • Japan court orders Google to remove search results Friday, 10 Oct 2014 | 6:02 AM ET

    TOKYO— A Japanese judge has ordered Google to remove search results of a man's unflattering past in an order the plaintiff's lawyer compared to Europe's "right to be forgotten" ruling. Google Inc. spokesman Taj Meadows said the company has a standard process for removal requests, and people can come to Google. In that case, Europe's highest court ruled Google...