×

Leadership Business Events

  • April 4- Ralph Lauren Corp said on Tuesday it would cut jobs and shutter some office and store locations, including its flagship Polo store on Fifth Avenue, New York City, as part of a cost-cutting plan.

  • *Restructuring talks extended by 3 months to July 31. OSLO, April 4- Drill rig operator Seadrill warned investors that its shares will lose almost all of their value and its bonds will be hit as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. Seadrill, which first warned in February that...

  • *Westinghouse bankruptcy allows Engie to exercise sell option-Toshiba. TOKYO, April 4- Japan's Toshiba Corp said on Tuesday it will buy French power utility Engie's 40 percent stake in their British nuclear joint venture NuGen for 15.3 billion yen. Toshiba said the transaction could cause a writedown of 49.7 billion yen, but this has been already factored in...

  • The West Phoenix oil platform, operated by Seadrill Norge AS, right, stands with other unused platforms in the Port of Cromarty Firth in Cromarty, U.K.

    Seadrill warned its stock will lose almost all of its value as the Norwegian company prepares for potential bankruptcy proceedings.

  • OSLO, April 4- Rig firm Seadrill warned on Tuesday that its stock will lose almost all of its value and its bonds will be hit as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. Shares in Seadrill, which was once the crown jewel in shipping tycoon John Fredriksen's empire, were down 40 percent...

  • *Restructuring talks extended by 3 months to July 31. OSLO, April 4- Rig firm Seadrill warned shareholders on Tuesday that their stock will lose almost all of its value as the Norwegian company prepares for potential bankruptcy proceedings to restructure $14 billion in debt and liabilities. The company said its banks and other lenders had agreed to extend...

  • April 3- U.S. coal miner Peabody Energy Corp said it had emerged from Chapter 11 protection and was expected to begin trading on the New York Stock Exchange on Tuesday under the ticker symbol BTU. The largest U.S. coal producer filed for bankruptcy protection in April 2016, after a sharp drop in coal prices left it unable to service debt of $10.1 billion.

  • DAKAR, April 3- Four new factory buildings rise up from fields on the outskirts of Senegal's capital, the first phase of a government plan to woo Chinese companies shifting low-end manufacturing to Africa as wages in East Asia rise. Now Senegal, a country with a tiny manufacturing base and main exports including fish and peanuts, hopes to replicate that success...

  • LONDON, April 2- British consumer goods group Reckitt Benckiser is considering the sale of its foods business, which includes French's, its top-selling U.S. mustard brand, to help fund its $16.6 billion takeover of baby food maker Mead Johnson, British newspaper The Sunday Times said. The maker of Durex condoms and Nurofen painkillers has told banks it plans to...

  • MOSCOW, March 31- Russian banks are yet to sign a "standstill agreement" with Croatia's Agrokor as part of debt restructuring talks, but they plan to do so in the near future, two Russian sources close to the talks said on Friday. Media reports earlier on Friday said heavily indebted Agrokor had signed a deal with creditors overnight to restructure its debt.

  • LONDON, March 31- Swiss-based commodities trading and mining giant Glencore is in advanced talks to sell a bundle of its global oil storage stakes, sources familiar with the matter said, following a boom period for storage companies. If the sale reaches completion, Glencore will likely end up with minority stakes in the assets. The portfolio includes assets in...

  • PARIS, March 31- French food group Danone said on Friday it would sell its U.S. organic yogurt business Stonyfield to facilitate the rapid completion of its $10.4 billion acquisition of U.S. organic food producer WhiteWave foods Co.. The decision to sell Stonyfield stemmed from an agreement in principle reached with the U.S. Department of Justice's anti-trust...

  • MONTREAL/QUEBEC CITY, March 30- Bombardier Inc should reflect on pay raises of up to 50 percent for its senior executives in light of a public backlash over company layoffs of thousands of employees, Quebec's economy minister said on Thursday. Total compensation for the Canadian plane and train maker's top five executives and board chairman rose to $32.7...

  • TORONTO, March 30- Canada's main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus Energy Inc and Canadian Imperial Bank of Commerce. Cenovus shares had their biggest one-day percentage fall ever, down 13.75 percent at C $15.05, after the Canadian company agreed to buy oil sands and natural gas assets...

  • TORONTO, March 30- Canada's main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus Energy Inc and Canadian Imperial Bank of Commerce. Cenovus shares tumbled 11.8 percent to C $15.39 after the Canadian company agreed to buy oil sands and natural gas assets from ConocoPhillips for C $17.7 billion.

  • NAIROBI, March 30- Kenya's central bank on Thursday invited investors interested in buying a stake in Chase Bank to submit their bids, with the aim of concluding the transaction by the end of September. It is now in the hands of Kenya Deposit Insurance Corporation, a state body that protects depositors in the case of a bank failure, and the central bank has said it...

  • *Italy seen missing privatisation target for second year. *Analysts say Italy bond yields may surge without ECB support. ROME, March 29- Italy's commitment to selling off public assets is petering out as politicians look ahead to elections early next year, making it harder to cut the country's huge public debt and leaving it vulnerable to any rise in interest...

  • *Italy seen missing privatization target for second year. *Analysts say Italy bond yields may surge without ECB support. ROME, March 29- Italy's commitment to selling off public assets is petering out as politicians look ahead to elections early next year, making it harder to cut the country's huge public debt and leaving it vulnerable to any rise in interest...

  • SHANGHAI, March 30- China's State Power Investment Corp said Westinghouse's bankruptcy filing would not have a "substantial impact" on the country's nuclear plans and the two sides would ensure a key AP1000 reactor project would be completed on schedule this year. The project is the world's first Westinghouse-designed AP1000 reactor project, being built at...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...