GO
Loading...

Business Events

More

  • *Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 2- Irish building supplies group CRH has agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.

  • *Lafarge and Holcim selling assets as part of merger. DUBLIN, Feb 1- Irish building supplies group CRH said on Sunday it had agreed to pay 6.5 billion euros for assets Lafarge and Holcim were obliged to sell ahead of their planned merger. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak...

  • HOUSTON, Feb 1- Union workers took to picket lines on Sunday after strikes were called at nine U.S. refineries and chemical plants in a bid to pressure oil companies to agree to a new national contract covering workers at 63 plants. The United Steelworkers union said Royal Dutch Shell Plc, the lead industry negotiator, halted talks after the union rejected a fifth...

  • Big deals aside, Actavis CEO says it's R&D over M&A Friday, 30 Jan 2015 | 9:07 AM ET
    Actavis Group headquarters is shown in Hafnarfjordur, Iceland, April 20, 2006.

    The drugmaker has engaged in $100 billion of M&A in the last year, but CEO Brent Saunders told CNBC it is committed to innovation.

  • Why energy M&A hasn't hit critical mass Friday, 30 Jan 2015 | 7:51 AM ET
    Blair Effron, Centerview Partners, Partner and Co-Founder.

    Valuations for energy companies may not have fallen far enough to spark dealmaking, two analysts tell CNBC.

  • RIO DE JANEIRO, Jan 29- Brazilian state-run oil company Petroleo Brasileiro SA said on Thursday it plans to sell assets, cut investments and probably delay dividend payments to face a credit crunch resulting from a massive corruption scandal. Petrobras' new investment plan for 2015-2019 will be "more selective" and will remain focused on controlling debt...

  • *Belarus economy has been hit by economic turmoil in Russia. MINSK, Jan 29- Belarussian President Alexander Lukashenko spooked bond markets on Thursday by speaking of a possible restructuring of $4 billion of Belarussian foreign debt falling due this year, then softened his comments to refer only to refinancing. During a marathon news conference the veteran...

  • Jan 29- Data storage equipment maker EMC Corp, which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs. EMC, which owns 80 percent of VMWare Inc, also said it expected to buy back up to $3 billion in shares this year. EMC comprises four main businesses- its core...

  • Jan 28- Cloud-computing software maker Citrix Systems Inc said it would cut about 700 full-time and 200 contractor jobs as part of a restructuring to improve operational efficiency. Citrix reported a net profit of $95.2 million, or 58 cents per share, for the fourth quarter ended Dec. 31, down from $138.6 million, or 74 cents per share a year earlier.

  • Citrix to cut about 900 jobs Wednesday, 28 Jan 2015 | 4:24 PM ET

    Jan 28- Cloud-computing software maker Citrix Systems Inc said it would cut about 700 full-time and 200 contractor jobs as part of a restructuring plan to improve operational efficiency. The company said it expects to incur pre-tax charges of $40- $45 million related severance and $9- $10 million related to the consolidation of leased facilities in the year...

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...

  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • TOKYO, Jan 28- Japan's leading independent budget airline Skymark Airlines Inc filed for protection from creditors late on Wednesday, blaming a weak yen and a dispute with Airbus Group for its financial straits. "The company, believing the demands for breach-of-contract payments were unreasonable, attempted to negotiate a reduction in the payments with...

  • BAGHDAD, Jan 28- Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical...

  • BAGHDAD, Jan 28- Royal Dutch Shell signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday. Esawi told a press conference in Baghdad the Nibras complex, which is expected to come on line within five to six years, would make Iraq the largest petrochemical producer...

  • TOKYO, Jan 28- Sony Corp plans to cut around 1,000 additional jobs in its struggling smartphone division as it tries to bring its electronics business back into the black, sources said on Wednesday. Sony, which has cut its earnings forecasts six times on Hirai's watch, has forecast a 230 billion yen net loss for the business year to March, suspending dividend...

  • Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several senior positions and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of...

  • UPDATE 1-UTi Worldwide says to cut several top jobs Tuesday, 27 Jan 2015 | 6:33 PM ET

    Jan 27- Troubled logistics company UTi Worldwide Inc said it would cut several top jobs and no longer maintain regional infrastructure as a way to reduce costs, just a month after Edward Feitzinger took over as chief executive. Feitzinger replaced Eric Kirchner, who had led the company for six years. The restructuring will result in annual savings of $30 million...

  • Tim Hortons to cut jobs after takeover by Burger King Tuesday, 27 Jan 2015 | 5:07 PM ET

    TORONTO, Jan 27- Canadian coffee and doughnut chain Tim Hortons confirmed on Tuesday it will cut jobs as it reorganizes after being acquired by U.S. fast food chain Burger King for C $12.64 billion last year. The Financial Post reported last week that a "significant" number of the roughly 1,400 employees at its head office in Oakville, Ontario, and in regional...

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...