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Leadership Business Events

  • KIEV, Oct 19- Ukraine's anti-monopoly committee has given commodities trader Glencore the green light to take a stake in Ukraine's Mykolaiv plant, the second-largest alumina asset of Russia's Rusal. With annual output of 1.6 million tonnes, Mykolaiv is Ukraine's largest producer of alumina, used in aluminium production. Ukraine has imposed economic and...

  • The two-level store in Manhattan's Herald Square, not far from the Macy's flagship, is about one-third the size of Target's average store. The Herald Square store is among 12 mostly small-format stores opening this week in urban markets like Chicago, Los Angeles and Philadelphia. While all retailers need to worry about online growth and the expansion of Amazon,...

  • FRANKFURT, Oct 19- Siemens may cut thousands of jobs as part of plans to overhaul its power turbine business, where growth in renewable energy is dampening demand for new coal and gas power stations, a person familiar with the matter said. Separately, Bloomberg cited sources as saying that Siemens also planned to restructure its Process Industries and Drives...

  • DUBAI, Oct 19- Saudi Arabia's plans to sell state assets- including a stake in energy giant Saudi Aramco- are becoming even more important to its finances as a recession slows Riyadh's effort to close a budget deficit caused by low oil prices. Last December, Riyadh released a plan to abolish the deficit by 2020, cutting it from $79 billion or 12.3 percent of gross...

  • OSLO, Oct 19- Norwegian outdoor clothing company Helly Hansen has agreed to buy British sports brand Musto from Phoenix Equity Partners and other shareholders for an undisclosed sum, it said on Thursday. The Wall Street Journal reported on Wednesday that the deal could be valued at around 50 million pounds, citing an anonymous source. Helly Hansen, founded in...

  • LONDON, Oct 19- Standard Chartered closed some bank accounts linked to the Gupta family in South Africa in 2014, a spokeswoman for the bank said on Thursday. Britain's Financial Conduct Authority separately said it is in contact with StanChart and HSBC following reports in British newspapers that Britain's finance minister has asked regulators to...

  • NEW YORK— Blue Apron is cutting about 320 jobs, less than four months after the meal-kit seller became a public company. New York- based Blue Apron, which had nearly 5,400 employees in June, said Wednesday the layoffs represent about 6 percent of its workforce. Blue Apron has been facing increasing competition.

  • NEW YORK— The owner of Romano's Macaroni Grill filed for Chapter 11 bankruptcy protection Wednesday, blaming its falling fortunes on the changing tastes of diners who increasingly don't want to eat at sit-down restaurant chains. Romano's Macaroni Grill and its rivals have been losing customers to cheaper and faster chains. Romano's Macaroni Grill's owner...

  • Oct 18- Health insurer Anthem Inc said on Wednesday it signed a five-year agreement with drug retailer CVS Health Corp to support its newly launched pharmacy benefit management business. The news comes at a time when Anthem is close to expiration of its current contract with pharmacy benefit manager Express Scripts Holding Co.. Shares of CVS Health were up 1.6...

  • WASHINGTON, Oct 17- General Electric has agreed to make payments to the U.S. government after failing to divest a subsidiary as quickly as agreed following a merger approval, the Justice Department said on Tuesday. The department, which did not say how big the payments are, said that they are to begin on Jan. 1 and continue "until the divestitures in each...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after firing co-founder Harvey Weinstein. Co-Chairman Bob Weinstein, Harvey's brother and fellow co-founder, on Friday had denied the firm was seeking to...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • NEW YORK, Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate...

  • Oct 16- The Weinstein Company has entered talks to sell the bulk of its assets to private equity firm Colony Capital, the companies said on Monday, as the film production company looks for stability after the departure of co-founder Harvey Weinstein. Colony Capital, which has about $20 billion in assets under management, will provide an immediate capital...

  • MILAN— Lufthansa and Easy Jet are among seven airlines that made binding offers Monday to take over all or part of Alitalia, the Italian carrier that declared bankruptcy in May. Alitalia confirmed it received seven envelopes containing bids by the evening deadline, but provided no details. The government last week extended a 300 million-euro bridge loan to...

  • SAO PAULO, Oct 13- Oi SA's revamped restructuring plan fails to address most creditor concerns and may unleash a legal battle or government intervention to avert a collapse of Brazil's No. 4 mobile phone carrier, two people with knowledge of the matter said on Friday. According to the people, the plan approved by Oi's board on Wednesday contains conflicts of...

  • SAO PAULO, Oct 13- Oi SA's revamped restructuring plan fails to address most creditor concerns and may unleash a legal battle or government intervention to avert a collapse of Brazil's No. 4 mobile phone carrier, two people with knowledge of the matter said on Friday. According to the people, the plan approved by Oi's board on Wednesday contains conflicts of...

  • SAO PAULO, Oct 13- Oi SA's revamped restructuring plan fails to address most creditor concerns and may unleash a legal battle or government intervention to avert a collapse of Brazil's No. 4 mobile phone carrier, two people with knowledge of the matter said on Friday. According to the people, the plan approved by Oi's board on Wednesday contains conflicts of...