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Leadership Business Events

  • Sept 20- Toy maker Jakks Pacific Inc said on Wednesday it expects to report a net loss in fiscal 2017 due to charges related to bankruptcy of the biggest U.S. toy store chain Toys' R' Us Inc.. "2017 continues to present a challenging retail environment, which has now been further disrupted by the Toys' R' Us Chapter 11 filing," Jakks Chief Executive Stephen Berman said.

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • SAO PAULO, Sept 20- Bondholders in Brazilian phone carrier Oi SA want a bankruptcy judge to bar investors who are shareholders as well as creditors from voting next month on a restructuring plan due to a potential conflict of interest, according to a document seen by Reuters on Wednesday. The document underscores the potential for more legal wrangling ahead of...

  • *$18 bln agreement follows dramatic twists. TOKYO, Sept 20- Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange. It's unclear whether the sale to the Bain Capital- led group will proceed...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • Sept 20- Toys "R" Us Inc has been making $400 million in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. The bankruptcy filing was the culmination of an unsuccessful seven-month effort by Toys "R" Us to find relief from its $5.2 billion debt pile, according to bankruptcy court filings and people familiar with the...

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc got court permission on Tuesday to borrow more than $2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. Ten days later, nearly all the company's vendors refused to ship...

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc got court permission on Tuesday to borrow more than $2 billion to start paying suppliers so it can stock up on items like Lego building blocks and Barbie dolls for the holiday season, a day after it filed for bankruptcy. Ten days later, nearly all the company's vendors refused to ship...

  • WILMINGTON, Del, Sept 19- The U.S. Bankruptcy judge overseeing the Chapter 11 of Toys' R' Us said on Tuesday he would approve the company's request to borrow more than $2 billion to help stabilize the largest U.S. toy chain as it builds inventory for the year-end shopping season. Toys' R' Us filed for bankruptcy Monday, squeezed by online shopping and discount chains.

  • Sept 19- Department store operator Kohl's Corp said it would accept returns of select items bought from Amazon.com Inc at some of its stores in Los Angeles and Chicago, expanding its partnership with the ecommerce giant. The move follows Kohl's announcement earlier this month that it would sell Amazon's devices, including the voice-controlled speaker Echo,...

  • *Operations outside U.S., Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, which filed for bankruptcy late Monday, will ask a judge on Tuesday for permission to borrow money so that it can start paying suppliers to ensure it has Lego building blocks and Barbie dolls for the holiday season. The Chapter 11 filing, to restructure $5...

  • *Operations outside US, Canada not part of bankruptcy. Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection late Monday, the latest sign of turmoil in the retail industry that is caught in a viselike grip of online shopping and discount chains. Toys' R' Us received a commitment for over $3 billion in debtor-in-possession financing...

  • Sept 18- Toys' R' Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The retailer's operations outside of the United States and Canada, including about 255 licensed stores and joint venture partnerships in Asia, which...

  • Sept 18- Toys "R" Us Inc, the largest U.S. toy store chain, filed for bankruptcy protection on Monday, the latest sign of turmoil in the retail industry caught in a viselike grip of online shopping and discount chains. The Chapter 11 filing is among the largest ever by a specialty retailer and casts doubt over the future of the company's approximately 1,600 stores and...

  • Sept 18- Shares of Mattel Inc and Hasbro Inc, the two largest U.S. toy makers, fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season. Reorg Research, which provides news and analysis on the distressed debt market, said on its website that a bankruptcy filing could be made in...

  • Sept 18- Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season. Reorg Research said a bankruptcy filing could be made in Virginia as soon as Monday. "If there is any kind of bankruptcy filing, it will have a major disruption for...

  • Sept 18- Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy before the holiday sales season. "If there is any kind of bankruptcy filing, it will have a major disruption for all of the toy suppliers," said Lutz Muller, chief executive officer of toy retail consultancy...

  • The union was in talks with GM about the company's decision to cut jobs and shift some production work to Mexico. In July, GM stopped production of its Terrain sport utility vehicle in Ingersoll, and 100 percent of the volume was moved to Mexico, resulting in 600 layoffs. The plant now only produces the Equinox, which is also manufactured in Mexico.

  • TEL AVIV, Sept 18- Teva Pharmaceutical Industries Ltd said on Monday it would sell the remaining assets in its specialty women's health business for $1.38 billion in two separate transactions. Teva also agreed to sell its Plan B One-Step and its brands of emergency contraception to Foundation Consumer Healthcare for $675 million in cash.