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Leadership Business Events

  • ATHENS, May 2- Greece agreed with its lenders to sell coal-fired plants and coal mines equal to about 40 percent of its dominant power utility Public Power Corp's capacity, a government source said on Tuesday. Greece will hold a market test to sound out investors interested in buying coal-fired plants and mines owned by Public Power by November, aiming to wrap up...

  • Without a last-minute agreement or a move by Puerto Rico to seek an in-court debt workout similar to bankruptcy, bondholders and other creditors are expected to file a wave of litigation over the island's bond defaults starting at midnight Monday. Bond prices rose in response to Congressional negotiations late Sunday that included a $295 million boost in...

  • Without an agreement or a move by Puerto Rico to seek an in-court debt workout similar to bankruptcy, bondholders and other creditors are expected to file a wave of litigation over the island's bond defaults starting at midnight Monday. Bond prices rose in response to Congressional negotiations late Sunday that included a $295 million boost in Medicaid...

  • Community Health has a debt load of $14.69 billion and the company had said in February it would divest 25 hospitals. Net loss attributable to Tenet's shareholders narrowed to $53 million, or 53 cents per share, in the first quarter ended March 31, from $59 million, or 60 cents per share, a year earlier. Excluding items, Community Health earned 8 cents per share from...

  • The for-profit U.S. hospital operator said its net loss available to shareholders was $199 million, or $1.79 per share, compared with a net profit of $11 million, or 10 cents per share, a year earlier. Excluding items, the company earned 7 cents per share. Community Health has been looking to turn its business around by selling off some of its assets in the past few...

  • The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to clear Congress since Trump became president on Jan. 20. If it is not enacted by midnight Friday, federal agencies would have to lay off hundreds of thousands of workers and require many others to continue on the job providing law...

  • TIMIKA, Indonesia, May 1- Thousands of workers from the Indonesian unit of Freeport McMoRan Inc staged a rally near its Papua mine on Monday, a union leader said, protesting against lay offs by the miner due to a contract dispute with the government. The union representing a third of the 32,000 workforce sent a notice to Freeport on Monday threatening to strike from...

  • NEW YORK, May 1- GSO Capital Partners, private equity firm Blackstone Group LP's credit arm, is acquiring more of J. Crew Group Inc's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said. It now has $2.1 billion in debt. But holders of a $1.53 billion loan to J. Crew,...

  • The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to clear Congress since Trump became president on Jan. 20. If it is not enacted by midnight Friday, federal agencies would have to lay off hundreds of thousands of workers and require many others to continue on the job providing law...

  • NEW YORK, April 28- Puerto Rico's financial oversight board on Friday approved fiscal plans for four public agencies, including a liquidation of the island's Government Development Bank, as the struggling U.S. territory stares down a potential bankruptcy filing next week. The oversight board, appointed under the Puerto Rico rescue law known as PROMESA,...

  • *2016 net loss 782 mln euros vs 2015 loss 447 mln. BERLIN, April 28- Air Berlin reported a record net loss of 782 million euros in 2016 as well as a widening loss in the first quarter of 2017, and said it was seeking new partners as it battles to revive its fortunes. Air Berlin, 29 percent owned by Abu Dhabi- based Etihad, is already undergoing a restructuring that will see...

  • BEIJING, April 28- Toshiba Corp's Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday. Westinghouse filed for bankruptcy last month, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the...

  • BEIJING, April 28- Toshiba Corp's Westinghouse Electric Co unit will continue operating normally despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday. Gavin Liu, Westinghouse's president for Asia, said at an industry event the firm's operations in Asia and Europe are not affected by the Chapter 11 filing made last...

  • WASHINGTON, April 27- President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. Congress has until 12:01 a.m. ET on Saturday to pass a bill to fund the government or face a shutdown, which would temporarily lay...

  • WASHINGTON, April 27- President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. Congress has until 12:01 a.m. ET on Saturday to pass a bill to fund the government or face a shutdown, which would temporarily lay...

  • WASHINGTON, April 27- The U.S. Congress took steps to extend until May 5 the deadline for reaching a deal on federal spending through September and head off a feared government shutdown at midnight on Friday. The legislation was likely to be voted on by the House of Representatives and Senate on Friday, meaning that if it passes, it would have to be rushed to...

  • WASHINGTON, April 27- The U.S. Congress began moving to extend Friday's budget deadline until May 5 and was expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown. House Appropriations Committee Chairman Rodney Frelinghuysen introduced a bill on Wednesday to fund...

  • WASHINGTON, April 27- The U.S. Congress began moving to extend Friday's budget deadline until May 5 and is expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown. House Appropriations Committee Chairman Rodney Frelinghuysen introduced a bill late on Wednesday night...

  • WASHINGTON, April 27- The U.S. Congress began moving to extend Friday's budget deadline until May 5 and is expected to pass legislation allowing more time to finalize a spending deal to fund the federal government through September and avoid a shutdown. House Appropriations Committee Chairman Rodney Frelinghuysen introduced a bill late on Thursday night to...

  • WASHINGTON, April 26- An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. territory would not necessarily file for bankruptcy if it failed to reach a debt restructuring deal with creditors before Monday's negotiating deadline. "It depends on legal actions, if go after our officials, Elias Sanchez, Rossellos liaison to...