Small Business Partnership

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  • March 22- Macy's Inc appointed William Lenehan, an expert in real estate investments, to its board amid investor pressure to monetize its real estate assets. Shareholder Starboard Value LP has been pressuring Macy's since July to spin off its real estate assets, which the hedge fund estimates are valued at about $21 billion. It has also entered into partnerships...

  • The ruling by New York's influential bankruptcy court is the first major test of whether Chapter 11 can be used to end a contract with companies in what is known as the midstream sector of the energy industry. "The debtors have satisfied the standard for the rejection of the contracts," said Judge Shelley Chapman in Manhattan, who read the opinion from the bench.

  • WILMINGTON, Del, March 8- The $500 billion midstream sector is bracing on Tuesday for a ruling from a U.S. bankruptcy judge that could determine if energy producers can use Chapter 11 to shed contracts with pipeline operators for transporting oil and natural gas. Bankruptcy Judge Shelley Chapman in Manhattan will read her ruling at 2:30 pm ET on a request by...

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • WILMINGTON, Del., March 2- The operator of a 41- mile Texas toll road connecting San Antonio to Austin filed for Chapter 11 bankruptcy on Wednesday due to dwindling cash, according to court documents. SH 130 Concession Co LLC, which operates the section of state highway 130, is jointly owned by the Cintra unit of Spain's Ferrovial SA and Zachry American...

  • SAN JUAN, Feb 11- A bill to restructure more than $8 billion of debt at PREPA, Puerto Rico's struggling power utility, could encounter resistance from legislators over its potential to privatize some PREPA operations and impose an independent board, the utility's debt restructuring chief said on Thursday. Fixing PREPA's debt is seen as a key step in resolving an...

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...

  • *Analysts see Toyota making play to grow market share in India. Full control of Daihatsu could help Toyota leverage the lower-cost brand better and cut procurement costs for Daihatsu, while capital ties with Suzuki would help the world's largest automaker make inroads into India where Suzuki commands around half the passenger car market.

  • Manulife bets big on Asia with DBS partnership

    Steve Roder, senior executive VP and CFO at Manulife, says the DBS Bancassurance partnership will help the insurer tap into DBS' six million customers.

  • Australia's largest landowner could be sold via crowdfunding

    Arthur Naoumidis, CEO at Domacom, says after the sale of S. Kidman and Co to Chinese investors was blocked, he saw the opportunity for the general public to buy Australia's largest landowner.

  • TORONTO, Nov 12- Barrick Gold Corp said on Thursday it will sell its stake in four non-core assets in Nevada for $720 million, putting the Canadian mining firmly on track to meet its 2015 debt-reduction target amid a multi-year slump in gold prices. The world's largest gold producer will sell its 50 percent interest in the Round Mountain mine and 100 percent of the...

  • Nov 11- Department store operator Macy's Inc cut its full-year sales and profit forecasts on Wednesday and said it would not follow an activist investor's suggestion to form a real estate investment trust, sending its shares down nearly 13 percent. Starboard Value had urged Macy's in July to consider spinning off its real estate assets, valuing them at about...

  • Alibaba partnership 'incredibly exciting': IWOCA CEO

    Christoph Rieche, CEO of business lender IWOCA, explains how European businesses can buy stock on Alibaba's platforms from Chinese suppliers and receive IWOCA trade finance

  • Best possible partners for our new smartwatch: CEO

    Jean-Claude Biver, Hublot chairman and Tag Heuer CEO, discusses partnering with Google and Intel for a smartwatch and the future of wearable tech.

  • A pedestrian walks past Cisco Systems signage at the company's headquarters in San Jose, Calif.

    Cisco Systems said it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China.

  • Japan's Chiyoda invests in Ezra Holdings

    Engineering firm Chiyoda has the credibility and financial clout to increase the competitiveness of Ezra's subsea services business, says Lionel Lee, CEO of Ezra Holdings.

  • Monsanto sweetened its offer to buy Syngenta, valuing the Swiss company at around $47 billion.

  • Why this expert isn't fond of Alibaba-Suning deal

    Muzhi Li, senior analyst at Arete Research, says the partnership with Suning Commerce Group shows that JD.com must have done something right and Alibaba is playing catch-up.

  • Alibaba vs Suning: Who benefits more from alliance?

    Dickie Wong, executive director at Kingston Securities, says the partnership with Alibaba will likely boost Suning Commerce Group's revenue for 2015.