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  • *Hong Kong regulator declines to comment. HONG KONG, June 22- The two biggest shareholders in China Aircraft Leasing Group Holding Ltd said on Monday they had no plans to cut their stake in the firm after it revealed it was unable to contact its founder and chief executive, who resigned without explanation. State-backed financial conglomerate China Everbright...

  • HONG KONG, June 22- Shares of China Aircraft Leasing Group Holding Ltd rose early on Monday after falling by about a fifth in the previous session when the company said it was unable to contact its chief executive, who resigned without explanation. China Aircraft Leasing Group is partly owned by a subsidiary of state-backed financial conglomerate China...

  • Earlier in the day, Brazilian police arrested Marcelo Odebrecht, the company's chief executive officer, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras.

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • SAO PAULO, June 19- Brazilian police on Friday arrested Marcelo Odebrecht, the head of Latin America's largest engineering and construction company Odebrecht SA, and accused his family-run conglomerate of spearheading a $2.1 billion bribery scheme at state-run oil firm Petrobras. In pre-dawn raids that netted 12 arrests in four states, police also...

  • Roberts, who set up Comcast after he bought a small cable television operator in Tupelo, Mississippi in 1963, died of natural causes in Philadelphia, Comcast said in a statement. He led Comcast from its humble beginnings to a $150 billion media conglomerate. Roberts, who was chairman emeritus of Comcast's board, had spent more than five decades at the company.

  • UPDATE 1-Comcast founder Ralph Roberts dies at 95 Friday, 19 Jun 2015 | 10:57 AM ET

    Roberts founded Comcast when he bought a small cable television system in Tupelo, Mississippi in 1963, and was responsible for growing the company into a $150 billion media conglomerate. Roberts, who was chairman emeritus of Comcast's board, had spent more than five decades at the company. Roberts died of natural causes in Philadelphia, Comcast said in a...

  • Rupert Murdoch to hand over Fox CEO reins to son James Tuesday, 16 Jun 2015 | 4:25 PM ET

    June 16- Twenty-First Century Fox Inc said Rupert Murdoch will hand over the chief executive reins at the entertainment conglomerate to his 42- year-old son James. Rupert Murdoch, 84, will become executive co-chairmen, along side his elder son Lachlan. The company said the new changes are effective July 1.

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Hudson's Bay Co is buying Germany's leading department store chain, Kaufhof, from Metro for 2.8 billion euros, giving the Saks owner a launch pad to expand into Europe. Hudson's Bay, whose shares rose as much as 13.4 percent, said it would sell at least 40 of Kaufhof's owned or partially...

  • *Hudson's Bay pledges to keep all Kaufhof staff. DUESSELDORF, Germany, June 15- Canadian retailer Hudson's Bay is buying German department store chain Kaufhof from Metro for 2.8 billion euros as a launch pad to expand into Europe. Hudson's Bay, which operates department stores in Canada and U.S. luxury chains Saks Fifth Avenue and Lord& Taylor, said the deal, due to...

  • June 15- Hong Kong stocks dropped sharply on Monday, taking cues from weak China and global markets and ahead of a politically sensitive vote this week that could spark mass protests. Hong Kong stocks tracked losses in China, whose markets fell 2 percent on Monday over IPO and margin tightening worries. Prada SpA shares fell 4.9 percent, reaching the lowest level...

  • A French doctor, venture capitalist and founder of biotech company Abivax, Pouletty is working with Cuba's Center for Genetic Engineering and Biotechnology to develop a therapeutic vaccine to treat chronic Hepatitis B that could be on the Asian market in two years and in Europe after that. Instead, Abivax agreed to buy vaccines at a predetermined price and pay...

  • HARLAN COUNTY, KY, June 4- When Dan Mosley became head of Kentucky's Harlan County government this year, he promised- like those elected before him- to defend the state's beleaguered coal industry. Talk of an economic transition remains difficult in eastern Kentucky, where you can still spot bumper stickers that read "Mine Every Lump" and statues honor coal miners.

  • Disney: You're fired! Now train your replacements Thursday, 4 Jun 2015 | 12:00 AM ET
    The Team Disney building near Walt Disney World, where about 250 Disney employees were told in late October that they would be laid off, in Lake Buena Vista, Fla., May 22, 2015.

    Disney laid off about 250 employees, transferring many of their jobs to immigrants on temporary visas for highly skilled tech workers, NYT reports.

  • DUBAI, June 2- Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers is offering creditors a minimum return of 28 cents on every dollar owed under an enhanced proposal to end one of the Middle East's largest ever debt restructurings. The group with interests in hospitality, food and real estate among others, collapsed in 2009 along with Saad...

  • NEW YORK, May 31- General Electric Co has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, sources familiar with the situation said on Sunday. Toronto-Dominion Bank, CIT Group Inc, Ally Financial Inc and Wells Fargo& Co are among the potential bidders for the...

  • PANAMA CITY, May 29- Panama on Friday awarded a nearly $2 billion contract to build a new subway line in the capital to a consortium that includes Brazilian conglomerate Odebrecht and Spanish construction firm FCC Construcciones. Panama's office of public contracts awarded the contract after having decided earlier this month that the Odebrecht-FCC...

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity has rebounded modestly.