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Leadership Business Events

  • July 26- Apple Inc supplier Foxconn Technology Co will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing...

  • July 26- Apple Inc supplier Foxconn Technology Co will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said. A White House official said President Donald Trump is hosting an event at 5 p.m. EDT with Foxconn "for a technology manufacturing...

  • July 26- Apple Inc supplier Foxconn Technology Co will announce plans to build a multi-billion dollar electronics manufacturing plant in Wisconsin at a White House event later on Wednesday, a source briefed on the matter said.

  • MANUFACTURING PLANT IN WISCONSIN WEDNESDAY AT WHITE HOUSE EVENT-- SOURCE.

  • Sales in North America, Hershey's largest market, rose 2.2 percent to $1.47 billion in the second quarter ended July 2. The company, in February, said it would cut its global workforce by about 15 percent under its new Chief Executive Michele Buck as part of a restructuring program to build recovery in demand in North America. Hershey's net income rose to $203.5...

  • OSLO, July 26- Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was likely. Once the biggest offshore rig firm by market value and the crown jewel in the business empire of Norwegian billionaire John Fredriksen, Seadrill shares have fallen 99...

  • OSLO, July 26- Offshore drilling contractor Seadrill delayed the restructuring of its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy proceedings were likely. The crown jewel in the business empire of billionaire of John Fredriksen, has struggled as energy firms have slashed investment due to a more than 50 percent...

  • *Louis Dreyfus planning series of divestments. PARIS, July 24- Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders. Helios, a private equity firm, is to acquire 100 percent of...

  • TEL AVIV, July 23- Teva Pharmaceutical Industries said on Sunday it would lay off some of its 7,000 employees in Israel in the coming months as it reorganises in a drive to improve competitiveness. Teva employs 4,000 workers in production in Israel. Teva's acting chief executive, Yitzhak Peterburg, said the company was committed to do all it can to guarantee that...

  • JAKARTA/ TORONTO, July 21- An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms. The escalating labor issue comes as Freeport, the world's largest publicly traded copper...

  • TORONTO, July 21- Sears Canada Inc said it would start liquidation sales on Friday at 54 stores that it plans to close as part of a court-approved restructuring plan to improve its performance following years of declining sales. Sears Canada, which in 2012 was spun off from U.S. retailer Sears Holdings Corp, filed for creditor protection in June and laid out a...

  • July 21- Endo International Plc said on Friday it would shutter its manufacturing and distribution facilities in Huntsville, Alabama, resulting in a workforce reduction of about 18 percent. The drugmaker, which employed 4,894 people as of Feb. 21, said it would layoff 875 employees and incur a pretax charge of about $325 million. Earlier in July, Endo agreed to...

  • CHICAGO, July 20- Global grain trader Bunge Ltd's cost cutting and restructuring plans could buy it time in the face of a takeover bid from a larger rival as it struggles to stay independent during a slump in the commodities market, analysts said. In its restructuring announcement, seen as a defense against both Glencore and activist investor Carlson Capital,...

  • SAO PAULO, July 20- Canada's Brookfield Asset Management Inc is in talks with Odebrecht SA to buy seven Brazilian highways operated by the conglomerate's transportation unit, two sources with knowledge of the matter said on Thursday. One of the largest is the Rota das Bandeiras, in Sao Paulo, Brazil's richest state. The conglomerate, as part of a $3.5 billion...

  • Fnac's Brazil arm is among several Brazilian appliance and consumer electronics retailers up for sale after their traditional set-up of brick-and-mortar outlets with lots of floor space and slow inventory turnover has become increasingly unsustainable in Brazil's worst recession on record. Fnac's presence in Brazil dates back to 1999.

  • *UK Horlicks and MaxiNutrition combined sales 30 mln pounds. LONDON, July 19- GlaxoSmithKline said it was considering the sale of its cephalosporins antibiotics business and intended to divest its small Horlicks business in Britain, while retaining the much bigger malted drink operation in India. In addition, GSK announced just over 300 job losses on...

  • WASHINGTON, July 19- Advocacy groups launched petitions and sent letters on Wednesday urging two of the biggest U.S. public pension funds to divest from an investment fund unless it stops paying one of President Donald Trump's companies to run a New York hotel. Reuters reported on April 26 that public pension funds in at least seven U.S. states periodically send...

  • Halting the litigation would help Takata sell its healthy business to Key Safety Systems, which is owned by China's Ningbo Joyson Electronic Corp, according to TK Holdings Inc, the U.S. unit. Funds from that $1.6 billion proposed sale will be used to compensate injured drivers, according to court papers filed in the U.S. Bankruptcy Court in Wilmington, Delaware.

  • NEW YORK, July 18- After three years of futile efforts to restructure some $9 billion of debt at Puerto Rico's PREPA, creditors of the now-bankrupt power utility are asking a U.S. federal judge to appoint a receiver to manage PREPA's assets. Political appointees of Puerto Rico's Governor Ricardo Rossello, they argued, cannot be trusted to do so.

  • TOKYO, July 18- Western Digital Corp's top executive is in Japan to meet government officials, aiming to resolve a dispute with Toshiba Corp over the Japanese company's planned sale of its chip business, sources familiar with the matter said on Tuesday. In June, Toshiba announced its preferred bidder was a group made up of Japanese-government backed funds, Bain...