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Canadian exit triggers Target Q4 loss

2015-02-26 12:57:00| Daily apparel & textile news and comment - from just-style.com

Retail giant Target Corp slipped to a huge fourth-quarter loss, thanks to mammoth charges of over US$5.1bn linked to its exit from the Canadian market.

Tags: loss target canadian exit

Transocean CEO's exit linked to lack of vision in tough market

2015-02-20 16:15:08| Oil & Gas - Topix.net

Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. Since Sunday Newman, 50, is out of work.

Tags: market lack vision linked

Somers Supervisor Morrissey Optimistic Despite PepsiCo's Planned Exit

2015-02-19 07:29:09| Beverages - Topix.net

In a community letter, Somers Supervisor Rick Morrissey seeks to address potential concerns regarding the town's financial health due to PepsiCo's upcoming departure from the town. "It is important to note that Somers is in sound financial standing with a top credit rating.

Tags: planned exit supervisor optimistic

Lufthansa to Exit JetBlue Stake in Convertible Debt Buyback

2015-02-19 04:08:12| Airlines - Topix.net

The exit plan, through an early redemption of Lufthansa bonds convertible into JetBlue shares, will help strengthen the German carrier's balance sheet as it faces competition abroad and in Europe as well as crippling strikes by pilots. Lufthansa became JetBlue's largest investor in 2007 and holds two board seats.

Tags: debt exit convertible stake