GO
Loading...

Business Events

More

  • TORONTO, March 10- Barrick Gold Corp said on Monday it plans to sell about 13.5 percent of its holdings in its majority-owned subsidiary African Barrick Gold. In 2012, the company attempted to sell a part, or all of its interest in African Barrick Gold to China National Gold Group, but those talks fell apart last year.

  • Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.

  • Mt. Gox files for U.S. bankruptcy protection Monday, 10 Mar 2014 | 10:55 AM ET

    Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.

  • NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.

  • Pizza chain Sbarro files for bankruptcy protection Monday, 10 Mar 2014 | 9:26 AM ET

    March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years. Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the U.S. Bankruptcy Court in Manhattan.

  • PORCIA, Italy, March 9- The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years.

  • Winners and losers in $9 billion Safeway deal Friday, 7 Mar 2014 | 1:33 PM ET
    Customers leave a Safeway store on March 5, 2014 in San Francisco, California.

    Cerberus struck a $9 billion-plus deal to buy grocery giant Safeway—a tie-up that should be a win for the consumer.

  • WhatsApp and Facebook apps on phone

    The huge price tag for Facebook's acquisition of messaging service WhatsApp is hard to justify, but there is clearly value in the app's 450 million users, Blackstone told CNBC.

  • LOS ANGELES/ SAN FRANCISCO, March 6- Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market.

  • Disney to cut jobs in its games and Internet unit Thursday, 6 Mar 2014 | 1:58 PM ET

    LOS ANGELES, March 6- Walt Disney Co said on Thursday that it is cutting jobs in its interactive division, which houses its video game and online properties, and a person with knowledge of the situation said that about 700 jobs would be eliminated. Disney, which announced the job cuts in a statement, declined to comment on the number of jobs affected.

  • March 5- Puerto Rico's Government Development Bank said Wednesday that it hired Millco Advisors LP, a Washington, D.C.- based affiliate of Millstein& Co LP to evaluate potential funding sources and financial proposals for the bank and the commonwealth.

  • DETROIT, March 5- Poor sales of the compact Dodge Dart led to a week of layoffs for 325 workers at the Fiat Chrysler Automobiles plant in Belvidere, Illinois, a company spokeswoman said on Wednesday.

  • UPDATE 1-Uranium supplier USEC files for bankruptcy Wednesday, 5 Mar 2014 | 7:33 AM ET

    March 5- USEC Inc filed for bankruptcy after struggling with weak prices for the enriched uranium it supplies to nuclear power plants and difficulties in financing a major project. USEC has also been hit by delays in securing funding for its American Centrifuge Project in Ohio.

  • Uranium supplier USEC files for bankruptcy Wednesday, 5 Mar 2014 | 6:07 AM ET

    March 5- USEC Inc, a supplier of enriched uranium for commercial nuclear power plants, filed for a prearranged bankruptcy on Wednesday. USEC listed assets of $70 million and liabilities of $1.07 billion as of Dec. 31, in its bankruptcy filing. The case In re: USEC Inc, No.14-10475, U.S. Bankruptcy Court, District of Delaware.

  • NEW YORK, March 4- Beleaguered Washington D.C. law and lobbying firm Patton Boggs is working with restructuring lawyers as it deals with waning revenue and continues to discuss a merger with a larger law firm, according to people familiar with the matter.

  • *New plant in Brazil to open next year, help boost sales. GENEVA, March 4- Fiat Chrysler Automobiles expects a new plant in Brazil to boost its profitability in that market by 2017 after a cut to subsidies and currency effects hit profits there last year, Chief Executive Sergio Marchionne said on Tuesday.

  • March 4- RadioShack Corp said it will close up to 1,100 U.S. stores after reporting a wider quarterly loss and huge drop in sales during the holidays that raised concerns about the longer-term prospects for the U.S. electronics chain. RadioShack's sales have been in free fall since 2010 amid executive departures, tough competition and an image problem.

  • March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors, an adviser to institutional clients, to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.

  • *CEO says demand for i8 hybrid is high. GENEVA, March 4- BMW Chief Executive Norbert Reithofer said the German company is considering building a new factory to meet growing demand for its premium cars. "If you keep growing, you have to, at some point, say we need a new factory," Reithofer said at the Geneva auto show on Tuesday.

  • *CEO says demand for i8 hybrid is high. GENEVA, March 4- BMW Chief Executive Norbert Reithofer said the German company is considering building a new factory to meet growing demand for its premium cars. "If you keep growing, you have to, at some point, say we need a new factory," Reithofer said at the Geneva auto show on Tuesday.