×

Leadership Business Events

  • TOKYO, June 26- Takata Corp, at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. 1989- Takata TK Holdings Inc unit set up in North Carolina. 2003- Takata learns of a rupture during airbag deployment in a vehicle in...

  • TOKYO, June 26- Japanese airbag maker Takata Corp has filed for bankruptcy protection in the United States and Japan. The company says it is facing between $10 billion and $50 billion in liabilities from almost a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle...

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • TOKYO, June 26- Japan's Nikkei share average ticked up on Monday morning as the dollar-yen held steady, while investors' attention fell squarely on Takata Corp after it filed for bankruptcy protection. The Tokyo Stock Exchange said shares of Takata would be delisted on July 27 after it filed for bankruptcy protection. "Takata's bankruptcy is bad news, but since...

  • TOKYO, June 26- Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems. The filing at the Tokyo District Court followed a Chapter 11 bankruptcy protection filing in the United States. The Tokyo Stock Exchange said shares...

  • TOKYO, June 26- Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems. The KSS deal would help it deal with the fallout from its defective airbag inflators at the centre of the global auto industry's biggest ever recall,...

  • *Takata board held meeting this morning in Tokyo- Japan media. *Bankruptcy filings coming soon in Japan- Reuters sources. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen, a source said.

  • TOKYO, June 26- Japan's Takata Corp decided on Monday to file for bankruptcy protection in Japan with liabilities of more than 1 trillion yen, Japanese media reported, as the auto parts supplier has struggled due to its defective air bag inflators at the centre of the auto industry's biggest ever product recall. Chapter 11- style bankruptcy protection...

  • FRANKFURT, June 24- German insurer Allianz said it had agreed to sell its 90 percent stake in private bank Oldenburgische Landesbank to U.S. private equity firm Apollo for 300 million euros. Allianz, which announced the sale agreement on Friday, had said last September it was exploring options for OLB, Germany's largest regional private bank by assets.

  • *VW retirement offer to staff born 1955-60 expires July 31. WOLFSBURG, Germany, June 23- Volkswagen is reducing the workforce at its core division more rapidly than planned, its human resources chief said, helping the brand make progress on cost cuts needed to revive the business. To stoke demand for the measure, the carmaker has restricted until July 31 an offer to...

  • TOKYO, June 23- Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit- an apparent olive branch after it chose another suitor as preferred bidder. The softer tone from Toshiba comes on a day of further indignities as the crisis-wracked conglomerate saw itself demoted to the...

  • TOKYO, June 23- Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit- an apparent olive branch after it chose another suitor as preferred bidder. Toshiba would be willing to hold talks but does not expect the composition of the preferred bidder consortium, which includes...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company, controlled by billionaire...

  • TORONTO, June 22- Sears Canada Inc said on Thursday that it had filed for court protection against creditors as the retailer controlled by billionaire Eddie Lampert pursues a plan to restructure its operations. Sears Canada said in a statement that it was seeking protection so it could concentrate on a long-term effort to focus on selling discounted designer...

  • TOKYO, June 22- Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history. The firm, whose defective air-bag inflators have been blamed for at least 16 deaths and more than 150 injuries worldwide, will file for...

  • LONDON, June 21- Diageo Plc has agreed to buy George Clooney's high-end tequila brand Casamigos in a deal valuing it at up to $1 billion, as the world's largest spirits maker seeks to boost its presence in a high-growth market. Diageo said on Wednesday it would pay $700 million initially for the company, co-founded by the American actor, with potential payment of a...

  • June 21- Clinical researcher and pharmaceutical market data specialist Quintiles IMS Holdings Inc is exploring a sale of its contract sales business that could value it at as much as $1 billion, according to people familiar with the matter. The sale process comes as Quintiles IMS seeks to prune some of its non-core businesses in the wake of the $17.6 billion...