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Leadership Business Events

  • Oct 12- Walt Disney Co plans to cut about 200 jobs at unit ABC and other cable networks, according to a source familiar with the matter. The largest number of layoffs will be in operational areas, but there would be no job cuts at ESPN, the source told Reuters. The New York Times had reported in September that Disney had cut 250 jobs at its animation unit.

  • DETROIT— General Motors plans to shutter a Detroit car factory for five weeks, laying off 1,500 workers as it tries to keep inventory under control. The Detroit- Hamtramck plant makes the Chevrolet Impala, Cadillac CT6, Buick Lacrosse and Chevrolet Volt gas-electric hybrid. It will be shut down through the end of the year starting Nov. 20.

  • DETROIT/ WASHINGTON, Oct 12- General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers as the company contends with a continued decline in sedan sales, according to a source familiar with the plan. The No. 1 U.S. carmaker plans to shut the Detroit- Hamtramck factory for about six weeks from mid-November and cut...

  • DETROIT, Oct 12- General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan. The No. 1 U.S. carmaker plans to shut the Detroit- Hamtramck factory for about six weeks from mid-November and cut production by roughly 20 percent once...

  • Oct 12- General Motors Co plans to scale back production at an assembly plant in Detroit and lay off about 1,500 workers, the Wall Street Journal reported on Thursday, citing sources familiar with the plan. The No. 1 U.S. carmaker plans to shut the Detroit- Hamtramck factory for about six weeks from mid-November, and cut production by roughly 20 percent once...

  • STEELTON, Pa.— A company that makes and coats steel pipe used in the natural gas and oil industry plans to lay off 180 workers at a central Pennsylvania plant. Dura-Bond Industries disclosed the layoffs in a notice filed with the state Department of Labor and Industry. The company is based in Export, near Pittsburgh, but the plant in question is on Steelton, less than 5...

  • BERLIN— Lufthansa CEO Carsten Spohr said Thursday that the airline will sign an agreement to buy large parts of the bankrupt carrier Air Berlin, the German news agency dpa reported. Lufthansa would reportedly take over 81 planes from Air Berlin for its main brand and lower-cost Eurowings operation. Air Berlin said that Lufthansa would pay 210 million euros for...

  • The company owns the Caesars Palace, Harrah's and Horseshoe brands with locations across the country but earns the majority of its operating profit in Las Vegas, where contracts expire on May 31, Unite Here said in a letter to the board seen by Reuters on Wednesday. Unite Here represents 20,000 union members who cook, clean and serve at Caesars' hotels and casinos,...

  • FRANKFURT, Oct 11- Lufthansa is poised to agree a deal to buy assets of Air Berlin, a person familiar with the matter told Reuters ahead of a Thursday deadline for talks to carve up the insolvent German airline. Air Berlin, which has struggled to turn a profit over the last decade, filed for insolvency on Aug. 15 and a government loan has kept its planes in the air while it...

  • Oct 10- Insurer Molina Healthcare Inc on Tuesday named Joseph Zubretsky as president and chief executive, effective Nov. 6, amidst a restructuring drive at the company. J. Mario Molina and Chief Financial Officer John Molina, sons of the small health insurer's founder. White's brief tenure at the helm saw Molina embark on a restructuring drive, announce an exit...

  • "We are looking at numerous pre-petition transactions that were described at least in part" in Chapter 11 filings by Seadrill on Sept. 12, the committee's lawyer, Douglas Mannal, of Kramer Levin Naftalis& Frankel LLP said at a hearing in Houston on Tuesday. In a Sept. 13 court filing, Seadrill said it had successfully ring-fenced its non-consolidated affiliates,...

  • TORONTO— Sears Canada Inc. said Tuesday it is seeking court approval to liquidate its roughly 130 remaining stores, leaving approximately 12,000 employees without a job. The court overseeing Sears Canada's operations is expected to hear a motion Friday seeking approval for the liquidation and wind-down of the business. Sears Canada currently has 74...

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven Seas...

  • Oct 10- Bankrupt Sears Canada, along with some of its units, said on Tuesday it is seeking court approval to liquidate all of its remaining stores and assets. The retailer said it will apply to the Ontario Superior Court of Justice and expects a hearing on Oct. 13. Last month, Sears Canada had asked a court to extend creditor protection by another month so it can finish...

  • *Will mainly impact plants in Lancashire, northern England. *Union says cuts will damage Britain's defence capabilities. LONDON, Oct 10- BAE Systems' new boss will cut around 2,000 jobs at Britain's biggest defence contractor to tackle dwindling orders for the Typhoon fighter jet and the loss of revenue from Cold-War era aircraft nearing retirement.

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth some $15 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven Seas...

  • Oct 10- Pfizer said on Tuesday it was considering the sale or spin-off of its consumer healthcare business, shaking up the industry and potentially putting a headache pill to lip balm operation worth as much as $14 billion up for grabs. The move comes as Germany's Merck KGaA is also looking to divest its non-prescription products, including brands such as Seven...

  • Oct 9- U.S. industrial conglomerate Honeywell International Inc said on Monday it would disclose the results of its portfolio review before markets open on Tuesday. Honeywell is resisting pressure from activist hedge fund Third Point LLC, which has urged the company to spin off its entire aerospace division, a move Third Point believes could create $20...

  • Oct 8- Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. The move would represent the first major shakeup at the Morris Plains, New Jersey- based company since Darius Adamczyk...

  • Until this year, most bankrupt retailers, including American Apparel, Sports Authority and The Limited, were dismantled during their bankruptcy process. "We're seeing a set of situations come together in which the constituencies have more interest in the retailer surviving than not," said Holly Etlin, a managing director at AlixPartners LLP, a consulting firm...