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Icahn to lobby Caesars Entertainment management for sale: WSJ

5 days ago DieselGasoil Comments Off on Icahn to lobby Caesars Entertainment management for sale: WSJ
FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo (Reuters) – Activist investor Carl Icahn plans to push management of casino operator Caesars Entertainment Corp to sell the company after it received at least two offers, the Read More

Inside Ocado's burning robotic warehouse

2 weeks ago DieselGasoil Comments Off on Inside Ocado's burning robotic warehouse
Walking into the first chamber of Ocado’s robot warehouse system in May, I was immediately struck by three things: how cold it was, how enormous it was, and how quiet. No shouts from warehouse staff, or tinny radios playing pop hits. No beeps from reversing forklift trucks. Just the swoosh of wheels from 1,100 waist-high Read More

More U.S. companies discussing climate change in wake of hurricanes, wildfires

3 weeks ago DieselGasoil Comments Off on More U.S. companies discussing climate change in wake of hurricanes, wildfires
NEW YORK (Reuters) – The bankruptcy of major California utility PG&E Corp as a result of over $30 billion in costs from California wildfires sparked by the state’s prolonged drought will likely prompt more companies to discuss how they will respond to the effects of climate change on their businesses. FILE PHOTO: Protesters from the Read More

Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit

4 weeks ago DieselGasoil Comments Off on Carrefour confident over overhaul despite fourth-quarter 'yellow vests' hit
PARIS (Reuters) – Carrefour (CARR.PA) said on Tuesday it was confident its overhaul plan was on track, although sales growth slowed slightly in the fourth quarter as 10 weeks of anti-government protests hit hypermarket sales in its core French market. The logo of Carrefour is seen on shopping trolleys at the Carrefour Lingostiere in Nice, Read More

Supermarket retailer Casino to sell six stores to rival Leclerc

1 month ago DieselGasoil Comments Off on Supermarket retailer Casino to sell six stores to rival Leclerc
FILE PHOTO: The logo of Casino shop is seen in Nice, France, January 15, 2019. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French supermarket retailer Casino (CASP.PA), in the process of divesting assets to cut debts, has agreed to sell six of its ‘Geant’ hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million). Read More

Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer

1 month ago DieselGasoil Comments Off on Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer
A company logo is displayed in front of a fountain at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip KUALA LUMPUR (Reuters) – A Malaysian judge on Friday ruled in favor of Wynn Macau (1128.HK) in a case against a fund manager who owed the casino millions of dollars, the company’s lawyer Read More

MGM hands board seat to activist hedge fund Corvex's Meister

1 month ago DieselGasoil Comments Off on MGM hands board seat to activist hedge fund Corvex's Meister
FILE PHOTO: Keith Meister, Managing Partner and Chief Investment Officer of Corvex Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – MGM Resorts International (MGM.N) has struck a deal with hedge fund Corvex Management’s founder, Keith Meister, to give him a board seat, one Read More

Japan's Okada asks Manila bourse to block listing of Universal's unit

1 month ago DieselGasoil Comments Off on Japan's Okada asks Manila bourse to block listing of Universal's unit
Universal Entertainment Corp’s founder Kazuo Okada attends a news conference at the Tokyo District Court in Tokyo, Japan September 14, 2017. REUTERS/Issei Kato MANILA (Reuters) – Pachinko tycoon Kazuo Okada has asked the Philippine Stock Exchange (PSE) to block the proposed listing of Universal Entertainment Corp’s (6425.T) domestic unit, saying the Japanese gaming company has Read More