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Leadership Business Events

  • MUMBAI, Sept 15- In late June, one of India's top wind power equipment makers, Inox Wind Ltd, was dragged into insolvency courts by a logistics handler over unpaid dues of $88,000. The case illustrates how small creditors and vendors, previously at the mercy of large debtors, are now using India's new bankruptcy code as a pressure ploy to secure payment of dues that...

  • *Ukraine liable for big payments if economy takes off. LONDON, Sept 15- Two years after a landmark debt restructuring, Ukraine is seeking a bond swap to avoid a mass of near-term repayments. Ukraine threw in $3.6 billion in GDP warrants- bonds indexed to economic growth- to sweeten its 2015 restructuring that forced investors to write off 20 percent of the original...

  • Sept 15- Women's shoe retailer Aerosoles Group said it had filed for Chapter 11 bankruptcy protection, the latest casualty in a struggling retail industry. The company had listed assets of $10 million to $50 million and liabilities of $100 million to $500 million, according to its bankruptcy court filing. Aerosoles has more than 300 stores around the world...

  • Sept 15- Women's shoe retailer Aerosoles Group said it had filed for Chapter 11 bankruptcy protection, the latest casualty in a struggling retail industry. The company had listed assets of $10 million to $50 million and liabilities of $100 million to $500 million, according to its bankruptcy court filing. Aerosoles has more than 300 stores around the world...

  • *Talks continue on India nuclear projects. Cost overruns at four nuclear reactors it was building in the United States pushed Westinghouse, a unit of Japan's Toshiba Corp, into bankruptcy in March. "We are working with Southern to be sure that we can meet the new deadline that Southern has established," Gutierrez said on the sidelines of the World Nuclear...

  • LONDON, Sept 15- U.S. nuclear reactor maker Westinghouse does not expect to come out of Chapter 11 bankruptcy proceedings before the end of this year but hopes to complete its restructuring early next year, its chief executive said. CEO Jose Gutierrez said that majority shareholder Toshiba continues to look for a buyer for the company and that while investment...

  • LONDON, Sept 15- U.S. nuclear reactor maker Westinghouse does not expect to come out of Chapter 11 bankruptcy proceedings before the end of this year but hopes to complete its restructuring early next year, its chief executive said. CEO Jose Gutierrez said that majority shareholder Toshiba continues to look for a buyer for the company and that while investment...

  • NEW YORK, Sept 14- Women's shoe retailer Aerosoles Group is planning to file bankruptcy to exit its unprofitable store leases, people familiar with the matter said on Thursday. Edison, New Jersey- based Aerosoles and its private equity owner Palladin Consumer Retail Partners did not return calls or emails seeking comment. Reuters reported in July that the...

  • NEW YORK, Sept 14- Women's shoe retailer Aerosoles Group is planning to file bankruptcy to exit its unprofitable store leases, people familiar with the matter said on Thursday. Edison, New Jersey- based Aerosoles and its private equity owner Palladin Consumer Retail Partners did not return calls or emails seeking comment. Reuters reported in July that the...

  • PARIS, Sept 14- French investors owning bonds in oil services group CGG, which filed for bankruptcy in June, said they had launched a legal action to protest against the move. The legal action was launched by Schelcher Prince Gestion, HMG Finance, La Financiere de lEurope, Keren Finance and Delta AM. CGG, which has debts in excess of $3 billion, could be one of the biggest...

  • Sept 13- Teva Pharmaceutical Industries Ltd is close to a deal to sell its women's health assets outside the United States to private equity firm CVC Capital Partners, the Fly reported, citing Bloomberg. The assets could be valued at about $800 million, according to the Bloomberg report. The company on Monday agreed to sell its contraceptive brand, Paragard, a part...

  • Sept 13- U.S. crude oil stockpiles rose sharply last week and gasoline inventories fell the most on record as refineries continued to be hampered by damage from Hurricane Harvey, the Energy Information Administration said on Wednesday. Refineries operated at the lowest level in nine years after Harvey, which hit the Gulf Coast on Aug. 25, shuttered plants on the...

  • Sept 13- Target Corp said on Wednesday it would hire 100,000 workers for the holiday season, 43 percent more than last year, as the retailer goes all out to attract customers at a time when rivals are closing stores and cutting costs. "I think sees an opportunity to take market share in an environment where we have so many store closures in the specialty apparel and...

  • MUMBAI, Sept 13- Ericsson's Indian subsidiary has filed insolvency petitions against Reliance Communications and two of its companies to recover unpaid dues, the Indian mobile operator said in a stock exchange filing on Wednesday. The filing said the Ericsson case would go before the National Company Law Tribunal, the designated court for bankruptcy cases...

  • HONG KONG, Sept 13- Private equity firm Carlyle Group is planning a sale of South Korean security systems company ADT Caps in what could be the country's biggest M&A deal in two years, sources with knowledge of the matter said. A former unit of Tyco International Inc, ADT Caps offers central monitoring, access control, video surveillance control and other...

  • OSLO, Sept 12- Seadrill Ltd, the indebted oil rig firm controlled by Norwegian billionaire John Fredriksen, has agreed a restructuring that almost wipes out existing shareholders after filing for Chapter 11 bankruptcy protection. "With our improved capital structure, we will be in a strong position to capitalise when the market recovers," said Anton Dibowitz,...

  • *To shift headquarters to Boston, close some sites. The company named longtime Biogen Inc finance chief Paul Clancy as CFO in June, months after appointing former Baxalta executive Ludwig Hantson as CEO. Alexion's restructuring efforts showed the drugmaker was focused on execution and serious about controlling costs, Cowen& Co analyst Eric Schmidt said.

  • DUBAI, Sept 12- Doha Bank has cut around 10 jobs in the United Arab Emirates and plans to put some staff in the region on unpaid leave, sources said, as it copes with the fallout from Qatar's rift with its Arab neighbors. In a statement to Reuters, Doha Bank said the information was incorrect but declined to elaborate. Saudi Arabia, Egypt, the United Arab Emirates and...

  • DUBAI, Sept 12- Doha Bank has cut around 10 jobs in the United Arab Emirates and plans to put some staff in the region on unpaid leave, sources said, as it copes with the fallout from Qatar's rift with its Arab neighbours. In a statement to Reuters, Doha Bank said the information was incorrect but declined to elaborate. Saudi Arabia, Egypt, the United Arab Emirates and...

  • The drugmaker also said it would relocate its headquarters to Boston from New Haven, Connecticut by mid-2018. Alexion named long-time Biogen Inc finance chief Paul Clancy as CFO in June, as newly appointed Alexion CEO Ludwig Hantson stepped up efforts to regain investor confidence. It expects pre-tax expenses of $340 million to $440 million related to the...