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Boeing nears $10.1 billion order from India’s Spicejet: Bloomberg

January 6, 2017 by · Leave a Comment 

(Reuters) – Indian budget airline SpiceJet Ltd is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world's fastest growing aerospace market, Bloomberg reported on Thursday.

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Boeing nears $10.1 billion order from India’s Spicejet: Bloomberg

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Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomberg

November 17, 2016 by · Leave a Comment 

(Reuters) – Hong Kong conglomerate Swire Pacific Ltd is in talks to buy Coca-Cola Co's bottling assets in China from Cofco Corp's [CNCOF.UL] China Foods Ltd unit, Bloomberg reported. A potential deal could value the business at about $1 billion and the companies could announce a deal as soon as this week, Bloomberg said, citing people familiar with the matter. Swire…

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Swire Pacific in talks to buy Coca-Cola bottling assets in China: Bloomberg

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South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

September 28, 2016 by · Leave a Comment 

The South Korean court overseeing Hanjin Shipping's receivership process said on Wednesday that a sale of the world's seventh-largest container carrier, which collapsed late last month, is one of many options it is considering if the court concludes the company is to be rehabilitated. Judge Choi Ung-young, who serves as a court spokesman for media inquiries on the …

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South Korea court says it has not yet decided whether sale of Hanjin Shipping is needed

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U.S. charges former American Realty executives with inflating results

September 8, 2016 by · Leave a Comment 

U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investment trust's market value. Former Chief Financial Officer Brian Block, 44, was charged with six criminal counts, including securities fraud, conspiracy and making false statements, according …

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U.S. charges former American Realty executives with inflating results

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

September 8, 2016 by · Leave a Comment 

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. “As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur,” Dell spokesman Dave Farmer said.

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Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

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Caesars investors weigh impact of harsh examiner report

March 17, 2016 by · Leave a Comment 

An examiner's report on Tuesday found Caesars and its private equity backers could be on the hook for their efforts to keep the struggling casino empire afloat, which ended with last year's bankruptcy of Caesars' operating unit, CEOC. Examiner Richard Davis and an army of lawyers investigated claims …

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Caesars investors weigh impact of harsh examiner report

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Chipotle mulls more food giveaways as customers slowly return

March 17, 2016 by · Leave a Comment 

Executives speaking at an investment conference on Wednesday said the company has recovered about one-third of sales lost to a string of food safety lapses last year, and more free offers may be forthcoming as part of

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Chipotle mulls more food giveaways as customers slowly return

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New York’s Plaza Hotel to go on sale next month: Bloomberg

March 17, 2016 by · Leave a Comment 

(Reuters) – New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. For sale are the Plaza's hotel rooms, its restaurants and retail space.

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New York’s Plaza Hotel to go on sale next month: Bloomberg

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United Continental to offer 13 percent pay increase to pilots: Bloomberg

November 25, 2015 by · Leave a Comment 

The 2016 increase would be followed by annual increases of 3 percent and 2 percent, Bloomberg said. Reuters reported last week that the second-largest U.S. airline by capacity and its pilots union had reached an agreement in principle to extend the labor contract that covers United's more than 12,000 pilots by two years. United's contract with the Air Line Pilots Association International (ALPA) had been due to

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United Continental to offer 13 percent pay increase to pilots: Bloomberg