66.47 F
New York
May 6, 2021

Organizational Restructuring

Next week crucial for Italy, EU talks over Alitalia – minister

Reuters
FILE PHOTO: Alitalia plane is seen on the tarmac after landing at Ben Gurion International airport in Lod, near Tel Aviv, Israel February 27, 2020. REUTERS/Amir Cohen/File Photo MILAN (Reuters) – Talks between Italy and the European Commission over the revamp of Alitalia will enter a key phase next week,......

Uniper CEO, CFO are leaving the group

Reuters
FILE PHOTO: Andreas Schierenbeck, CEO of German energy utility company Uniper SE, attends a news conference in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo Schmuelgen/File Photo FRANKFURT (Reuters) – Uniper boss Andreas Schierenbeck and finance chief Sascha Bibert are leaving the German utility with immediate effect, the company said. Supervisory Board......

Apollo ends talks with Greensill Capital’s administrators – sources

Reuters
FILE PHOTO: Logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer LONDON (Reuters) – U.S. private equity company Apollo Global Management has ended talks with the administrators of British financing company Greensill after a JPMorgan investment in Greensill’s technology partner, two sources familiar with......

EU Commission wants to break up EDF, its CEO says

Reuters
PARIS (Reuters) – The European Commission disagrees with a French government plan to restructure EDF and sees a break-up of the nuclear utility into several units as the only solution, the state-owned firm’s chief executive Jean-Bernard Levy said in an interview. The French government wants to separate EDF’s capital-intensive nuclear......

Malaysia’s AirAsia Group plans air taxi, drone delivery service

Reuters
KUALA LUMPUR (Reuters) – Malaysia’s AirAsia Group Bhd plans to launch an air taxi service and the country’s first drone delivery service as the budget carrier seeks to diversify amid the coronavirus pandemic, the company’s CEO said on Saturday. FILE PHOTO: Tail of AirAsia X plane as seen at the......

Exxon commits to dividend growth, debt reduction ahead of investor day

Reuters
FILE PHOTO: FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp said on Wednesday it will grow its dividend and cut debt through 2025, ahead of a closely watched......

Brookfield offers to take Canada’s Inter Pipeline private for $10.6 billion

Reuters
(Reuters) – Brookfield Infrastructure Partners L.P. said on Wednesday it offered to take Canada’s Inter Pipeline Ltd private for about C$13.5 billion ($10.63 billion). Pipeline and storage space for crude was in high demand in Western Canada before the COVID-19 pandemic hit and caused both oil demand and supply to......

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Reuters
HOUSTON (Reuters) – U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders’ emphasis on natural gas after a recent push into crude oil. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April......

Rolls-Royce plans two-week shutdown of civil aerospace business

Reuters
FILE PHOTO: An Airbus A350 is pictured with a Rolls-Royce logo at the Airbus headquarters in Toulouse, France December 4, 2014. REUTERS/ Regis Duvignau/File Photo (Reuters) – Britain’s Rolls-Royce said on Sunday it is proposing a two week operational shutdown of its civil aerospace unit over the summer as it......

Commerzbank’s new CEO finalizes plans to cut 10,000 jobs

Reuters
FILE PHOTO: A company logo is pictured at the headquarters of Germany’s Commerzbank AG in Frankfurt, Germany, February 13, 2020. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Commerzbank’s new chief executive Manfred Knof on Wednesday finalized plans to cut 10,000 jobs and close hundreds of branches, a radical overhaul for Germany’s......

Insolvent Air Namibia thrown lifeline at eleventh hour

Reuters
WINDHOEK (Reuters) – Cash-strapped Air Namibia survived liquidation attempts by defunct Belgian flyer ChallengeAir SA on Friday when the two firms reached a 10 million euros ($12 million) settlement minutes before liquidation proceedings were due to kick off. ChallengeAir had filed for the loss-making flag carrier’s liquidation last year, arguing......

Dow profit rises 61.4% on chemical demand recovery

Reuters
A screen shows the Dow results near the end of the day on the floor of the New York Stock Exchange in New York, U.S., February 8, 2018. REUTERS/Brendan Mcdermid (Reuters) – Dow Inc reported a fourth-quarter profit on Thursday that rose 61.4%, compared with the third, helped by higher......

UPDATE 1-Thyssenkrupp shares rise on steel spin-off report

Reuters
(Adds context) FRANKFURT, Jan 18 (Reuters) – Shares in Thyssenkrupp rose on Monday as traders pointed to a Bloomberg report which said that the group was considering a spin-off of its steel business, citing people familiar with the matter. Thyssenkrupp said that in addition to a potential sale of the......

Volkswagen shares gain as CEO gets backing from supervisory board

Reuters
FILE PHOTO: The logo of German carmaker Volkswagen is seen on a rim cap in a showroom of a Volkswagen car dealer in Brussels, Belgium July 9, 2020. REUTERS/Francois Lenoir/File Photo FRANKFURT (Reuters) – Shares in Volkswagen rose as much as 3.7% on Tuesday after the carmaker said its CEO......

Strikes over nuclear reform plan reduce French power generation

Reuters
FILE PHOTO: Electrical power pylons of high-tension electricity power lines are seen next to the EDF power plant in Bouchain, near Valenciennes, France, July 7, 2020. REUTERS/Pascal Rossignol/File Photo PARIS (Reuters) – Strikes by workers protesting against a French nuclear reform plan reduced nuclear power generation by more than 1......

Sabadell eyes more job cuts, alliances after BBVA deal collapses

Reuters
By Jesús Aguado, Iain Withers MADRID/LONDON (Reuters) – Sabadell is considering more job cuts and striking product distribution alliances with other European banks after merger talks with rival BBVA fell through last week, according to four sources with knowledge of the matter. FILE PHOTO: Sabadell bank’s logo is seen at......

Unilever single-minded about challenges ahead as dual-headed era ends

Reuters
LONDON (Reuters) – Unilever’s Dutch shares will trade in Amsterdam for the last time on Friday, before a unification of the group’s dual-headed structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future. FILE PHOTO: The company logo for Unilever in......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More