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Embattled ZTE proposes $10.7 billion credit proposal, new board

HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban......»»

Category: topSource: reutersJun 14th, 2018

Embattled ZTE seeks more than $10 billion in credit

Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban......»»

Category: topSource: moneycentralJun 14th, 2018

Embattled ZTE seeks $10.7 billion credit line, nominates 8 board members

HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp has proposed a $10.7 billion financing plan and nominated eight board members in a drastic management overhaul, as it seeks to rebuild a business crippled by a U.S. supplier ban......»»

Category: topSource: reutersJun 14th, 2018

Capital Gains: Tiny horses take flight; Torchy"s Tacos, the ultimate closer

In this week's Capital Gains: A Central Austin home for sale comes with free Torchy's Tacos; Southwest Airlines welcomes mini-horses on board; Chuy's Tex-Mex hires outside marketing firms; United Heritage Credit Union surpasses $1 billion in assets......»»

Category: topSource: bizjournalsAug 16th, 2018

Tesla board evaluating CEO"s bid to take company private

Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private......»»

Category: topSource: foxnewsAug 8th, 2018

Betsy DeVos proposes stricter rules for student loan forgiveness

The proposal would cut an estimated $13 billion in planned debt relief over 10 years......»»

Category: topSource: moneycentralJul 26th, 2018

BART"s board of directors votes to reject $1.6 billion extension to Livermore

In a blow to Tri-Valley residents who commute hours to and from work in San Francisco and Silicon Valley, BART's board of directors voted to reject a $1.6 billion extension from the Dublin/Pleasanton hub to Livermore. The proposal would've added 5.5.....»»

Category: topSource: bizjournalsMay 25th, 2018

Elliott proposes "accelerate Hyundai" changes

(Reuters) - Activist investor Elliott Management Corp on Monday proposed the addition of three independent members to the board of Hyundai Motor Group in a document laying out its agenda after taking a more than $1 billion stake in the carmaker......»»

Category: topSource: reutersApr 23rd, 2018

GCL Group lands CNY12 billion revolving credit facility

China-based GCL Group has obtained a revolving credit facility worth CNY12 billion (US$1.75 billion) from a local bank......»»

Category: topSource: digitimesOct 19th, 2018

Should Amex Get More Credit For Its Q3 Report?

American Express released third quarter financial results after markets closed Thursday. The company reported $1.88 in earnings per share (EPS) on $10.14 billion in revenue versus consensus estimates........»»

Category: blogSource: 247wallstOct 18th, 2018

Prince George"s planning board details maglev concerns

Prince George’s County planning officials have submitted a list of concerns to the Maryland Department of Transportation about plans to build a $12 billion high-speed train connecting Baltimore and D.C. Prince George’s County Planning Board Cha.....»»

Category: topSource: bizjournalsOct 18th, 2018

The Wall Street Journal: Big Facebook shareholders back move to remove Zuckerberg as chairman

Several public funds with holdings in Facebook Inc., including New York City’s pension funds, are backing a shareholder proposal to push out Chief Executive Mark Zuckerberg as chairman of the social-media giant’s board of directors......»»

Category: topSource: marketwatchOct 17th, 2018

Campbell heirs to vote for own board, Third Point calls move a "stunt"

Campbell Soup Co said on Wednesday that four key shareholders, all descendants of the company's former chairman John Dorrance, have formally aligned themselves against hedge fund Third Point LLC's plans to oust the embattled soupmaker's entire board......»»

Category: topSource: reutersOct 17th, 2018

U.S. Senate bill could give Tesla, GM electric car tax credit boost

Tesla Inc and General Motors Co, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 tax credit, could get their way for up to four years under a new proposal from a Republican senator......»»

Category: topSource: reutersOct 16th, 2018

Goldman Sachs will slow consumer loan growth if market falters

Goldman Sachs will slow loan growth in one of its key new business areas if it sees a marked deterioration in credit quality, potentially jeopardizing new Chief Executive David Solomon's task to boost revenue by $5 billion by 2020......»»

Category: topSource: reutersOct 16th, 2018

Sears Adds Restructuring Expert to Its Board

Sears Holdings Corp. added a bankruptcy expert to its board of directors, another sign the embattled retailer is preparing for a complex restructuring......»»

Category: smallbizSource: wsjOct 9th, 2018

U.S. consumer credit grows $20.1 billion in August, fastest pace in three months

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»

Category: topSource: marketwatchOct 5th, 2018

Danske shares plummet to four-year lows after mirror trade report

Shares in Danske Bank plummeted on Friday to their lowest in four years after a media report the bank executed up to 8.5 billion euros of mirror trades for Russian customers in 2013, and a downgrade by Credit Suisse......»»

Category: topSource: reutersOct 5th, 2018

Henry County, Ga., could test $1.4B futuristic pod transit system

Henry County, Ga., could be the first in the nation to test a futuristic new pod-based personal transit system. The $1.4 billion proposal by personal mass transit company Transit X was discussed at a recent town hall meeting, according to a South Metr.....»»

Category: topSource: bizjournalsOct 3rd, 2018

S&P downgrades GE"s credit rating, Moody"s, Fitch put it on review

Ratings agency Standard & Poor's cut General Electric Co's credit rating on Tuesday, a day after the conglomerate announced a $23 billion charge related to its power business and ousted its chief executive officer......»»

Category: topSource: reutersOct 2nd, 2018

Dan Loeb ramps up pressure on Campbell Soup, urges asset sales

Dan Loeb, who’s seeking a complete overhaul of Campbell Soup Co.’s board, said the embattled company could fetch as much as $58 per share in a sale and should consider offloading brands like Pop Secret and Pepperidge Farms Frozen Cakes......»»

Category: topSource: moneycentralOct 1st, 2018