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Corporate Restructuring

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  • GE's 2007 International Sales to Top U.S. Sales Monday, 1 Oct 2007 | 1:22 AM ET

    General Electric said that, for the first time, it would earn more this year from its operations outside the United States than from in the U.S., mainly because of strong revenue growth in emerging markets.

  • Pressure Cranks Up On Alcatel-Lucent's Russo Friday, 28 Sep 2007 | 11:55 AM ET

    The board of directors of Alcatel-Lucent has given chief executive Patricia Russo one month to produce an emergency restructuring plan, the Financial Times reported on Friday.

  • Investor Guy Wyser-Pratte has bought a 1% stake in TUI and along with other critics wants to oust Michael Frenzel, the chief executive of the German shipping and tourism group, a paper reported.

  • Four medical device implant makers will pay about $311 million and agree to federal monitoring and other reforms to settle a government probe into improper consulting contracts with surgeons, federal prosecutors said Thursday.

  • AMR Investor Urges Frequent-Flyer Spinoff Thursday, 27 Sep 2007 | 11:14 AM ET

    FL Group, an Icelandic private equity firm that owns 8.25 percent of AMR, said in a letter to the board that changes at the company were long overdue, given the 50 percent drop in the share price since January.

  • Google Plans Staff Expansion in Europe: FT Thursday, 27 Sep 2007 | 9:14 AM ET

    Google is planning to expand its staff by a third, with most of the new hirings in Europe, the Financial Times reported on its Website.

  • U.S. Economy May Avoid Recession: Freddie Mac Wednesday, 26 Sep 2007 | 5:55 AM ET

    Freddie Mac, the No. 2 U.S. mortgage financing company, does not expect the economy to fall into recession from the housing market downturn and even sees opportunities in the shake-up, its treasurer said on Wednesday.

  • FedEx shareholders may vote Monday to separate the role of chairman and chief executive officer at the company's annual meeting.

  • Dell Ties Up With Gome to Sell PCs in China Monday, 24 Sep 2007 | 1:09 AM ET

    Dell said on Monday it would sell its latest range of personal computers through China's largest electronics retailer, Gome Group.

  • HSBC Shuts U.S. Subprime Unit, Cuts 750 Jobs Friday, 21 Sep 2007 | 12:20 PM ET

    HSBC, Europe's biggest bank, said it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking an $880 million writedown, because the business is no longer sustainable.

  • GM, UAW Talks Enter Fifth Day Past Expiration Wednesday, 19 Sep 2007 | 3:14 PM ET

    The United Auto Workers and General Motors resumed negotiations for a new labor contract on Wednesday, five days past the expiry of the previous pact.

  • Accredited, Lone Star Amend Merger Deal, Cut Price Wednesday, 19 Sep 2007 | 2:14 AM ET

    Subprime mortgage lender Accredited Home Lenders agreed on Tuesday to be bought at a lower price by Lone Star and to drop a lawsuit against the private equity firm.

  • Subprime Fallout: More Companies Slammed Tuesday, 18 Sep 2007 | 2:01 PM ET

    Fallout from credit problems in the mortgage market continued to batter various companies across the globe this week.

  • Dole Recalls Bagged Lettuce in U.S., Canada Monday, 17 Sep 2007 | 7:36 PM ET

    A division of Dole Food issued an international recall of bagged salad Monday after a sample taken from a store in Canada tested positive for E. coli, the company said.  There have been no reports of illness, company officials said. 

  • More Than 12 Parties Are Interested in Wendy's: WSJ Monday, 17 Sep 2007 | 7:09 PM ET

    More than a dozen parties have expressed interest in Wendy's International sale process, the Wall Street Journal reported on Monday, citing a person familiar with the the situation.

  • AOL Expands HP; Moves Headquarters to New York Monday, 17 Sep 2007 | 10:03 AM ET

    AOL, a unit of Time Warner, said Monday that it had expanded its deal with Hewlett-Packard Co beyond the United States and was realigning its advertising business.

  • First Data to Sell $5 Billion Loan at Discount Friday, 14 Sep 2007 | 4:27 PM ET

    First Data on Monday plans to sell a $5 billion loan to fund some of its $26 billion buyout by Kohlberg Kravis Roberts, but concessions had to be given to attract investors, sources told Reuters Loan Pricing on Friday.

  • NYSE's Trading Floor to Shrink Further Thursday, 13 Sep 2007 | 5:25 AM ET

    New York Stock Exchange employees will soon find their trading floor, a series of cavernous rooms which once thronged with traders but where activity has been reduced to a murmur, reduced to about half its current size.

  • AMC Theater-Chain Parent Tries to Go Public Again Thursday, 13 Sep 2007 | 4:54 AM ET

    A stronger summer box office apparently is encouraging the parent of the AMC theater chain to make a second attempt at taking the company public.

  • Pimco Plans $2 Billion Distressed-Debt Fund: WSJ Thursday, 13 Sep 2007 | 3:42 AM ET

    Pacific Investment Management Co. (Pimco) is planning to take advantage of relatively cheap mortgage securities in the wake of the recent credit crisis by launching a $2 billion distressed-debt fund to buy the beaten-down assets, the Wall Street Journal reported Thursday.