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Leadership Business Events

  • July 6- Sears Canada Inc on Thursday sought court approval for its restructuring efforts, two weeks after the Canadian retailer filed for creditor protection. The company set Oct. 4 as the deadline to obtain court approval of successful bids, while the company's sale and investment solicitation process has an expected completion date of Oct. 25.

  • July 5- Jana Partners LLC stepped up its criticism on Wednesday of U.S. natural gas producer EQT Corp's deal to buy Rice Energy Inc, arguing that EQT could save as much as $4.5 billion if it separated its pipeline assets instead. EQT announced on June 19 that it would buy Rice for $6.7 billion in cash and stock, which would create the largest U.S. natural gas producer at...

  • July 5- True Religion Apparel Inc, whose heavily adorned denim jeans have fallen out of fashion, filed for bankruptcy on Wednesday with a deal in hand to slash its debt of about $500 million and emerge from court protection quickly as a going concern. The retailer joins American Apparel LLC, Payless ShoeSource Inc and other chains in bankruptcy as shoppers...

  • July 5- U.S. denim retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders. True Religion, a company whose denims have gradually fallen out of style, filed for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware, and listed...

  • July 5- Embattled retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders. True Religion, a U.S. denim company whose signature products have gradually fallen out of style, filed for creditor protection under Chapter 11 in the U.S. bankruptcy court in the...

  • OSLO, July 4- Norway's sovereign wealth fund has acquired a 49- percent stake in an office and retail building in Washington D.C. for $190.8 million, in a joint venture with real estate partner Oxford Properties Group, the fund said on Tuesday. It was the second joint transaction with Oxford Properties in as many days. It has properties in London, Paris and New York,...

  • HONG KONG/ SHANGHAI, July 4- Embattled China Huishan Dairy Holdings Co Ltd is planning to carve up shares in the company among its creditor banks and existing shareholders as part of restructuring plans as it struggles to pay back billions of dollars of debt. As of March 31, Huishan owed $3.9 billion to creditors including Industrial and Commercial Bank of China,...

  • HONG KONG/ SHANGHAI, July 4- Embattled China Huishan Dairy Holdings Co Ltd is planning to carve up shares in the company among its creditor banks and existing shareholders as part of restructuring plans as it struggles to pay back billions of dollars of debt. As of March 31, Huishan owed $3.9 billion to creditors including Industrial and Commercial Bank of China,...

  • SAN FRANCISCO, July 3- Microsoft will undergo a reorganization that will impact its sales and marketing teams, company executives told employees on Monday. The re-shuffling will impact those under Microsoft Chief Marketing Officer Chris Capossela, Executive Vice Presidents Judson Althoff and Jean-Philippe Courtois, all of whom sent messages to their...

  • BRASILIA, July 3- A Brazilian Supreme Court justice has upheld a lower court decision that ordered the world's largest meatpacker, JBS SA, to halt the sale of $300 million worth of South American assets to Minerva SA, according to a court document. Justice Edson Fachin agreed with a lower court's ruling that JBS' deal to sell plants in Argentina, Paraguay and Uruguay...

  • OSLO, July 3- Norway's sovereign wealth fund has acquired a 49- percent stake in an office and retail building in Washington D.C. for $74 million, in a joint venture with a new real estate partner, Oxford Properties Group, the fund said on Monday. At the end of the first quarter the fund had invested 2.5 percent of its assets in unlisted real estate.

  • July 2- The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico's primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority said PREPA power had filed in the United States District Court of Puerto Rico for protection under Title III of the 2016 Puerto Rico...

  • July 2- The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico's primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority said PREPA power had filed in the United States District Court of Puerto Rico for protection under Title III of the 2016 Puerto Rico...

  • July 2- The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico's primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority said PREPA power had filed in the United States District Court of Puerto Rico for protection under Title III of the 2016 Puerto Rico...

  • July 2- The Puerto Rico power utility PREPA, ladden with a $9 billion debt load, has filed for a form of bankruptcy, Puerto Rico's primary fiscal agent said on Sunday. The Puerto Rico Fiscal Agency and Financial Advisory Authority said PREPA power had filed in the United States District Court of Puerto Rico for protection under Title III of the 2016 Puerto Rico...

  • *Deal to sell six reactors to India might close in 2018. *Deal to sell six reactors to India might close in 2018. NEW DELHI, July 3- The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington- supported sale or bailout for the...

  • June 30- Puerto Ricos financial oversight board on Friday voted to allow the PREPA power utility to restructure its $9 billion debt load through a form of bankruptcy, potentially heralding a messy end to three years of arduous out-of-court talks. The board, created under the 2016 federal Puerto Rico rescue law, known as PROMESA, is in charge of managing the U.S....

  • SAN JUAN, PUERTO RICO, June 30- Puerto Ricos financial oversight board on Friday voted unanimously to allow debt-laden power utility PREPA to file a form of bankruptcy protection under the federal Puerto Rico rescue law known as PROMESA.

  • SINGAPORE/ HONG KONG, June 30- The race to buy Global Logistic Properties is now between a Chinese consortium backed by the company's management and a rival group led by Warburg Pincus, sources said ahead of a Friday deadline to submit bids for the $10 billion- valued firm. The acquisition offers a chance for bidders to grab control of Asia's biggest warehouse...

  • BEIJING, June 30- China needs to "eliminate barriers" to foreign investment and create jobs to spur growth in the country, the world's second-largest economy, Premier Li Keqiang said. "This year China's foreign investment has seen negative growth, this is something we need to closely monitor," Li said, in comments carried on the website of China's cabinet, known as the...