EMI boss to quit ahead of buyout
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EMI chief executive Eric Nicoli is to step down from his post as part of a shake-up under new owners Terra Firma.
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British music label EMI said Tuesday it would axe 1,500-2,000 jobs following its takeover by a private equity firm as it faces up to a digital download revolution and slumping CD sales.
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Music company EMI, home to Robbie Williams and Coldplay, will cut up to 2,000 jobs as part of a restructuring being planned by its private equity boss Guy Hands, Sunday newspapers reported.
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The top sales executive running one of MCI Inc.'s largest divisions resigned yesterday as the company struggles with rapidly eroding sales.
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Robbie Williams may quit struggling EMI after completing his final studio album for the company, his manager suggests.
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Warner Music Group  said on Monday it was still considering making an offer for Britain's EMI  which has agreed to a 2.4 billion pounds ($4.7 billion) cash takeover from private equity group Terra Firma.
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Sport: Football: Club pulls the plug on potential takeover deal with Hong Kong businessman
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Terra Firma plans to dismiss about a third of the staff at  EMI as it moves to streamline marketing operations and focus on the discovery of new artists.
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Less than two weeks after Microsoft announced a $1 billion charge to extend the warranty of failing Xbox 360 consoles, the executive who headed the company's video game business has resigned to take a job at Electronic Arts.
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British music company EMI Group Plc   said on Thursday it had ceased discussions over an  offer being made for the company as it did not fully reflect  the prospects and value of the group.
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Warner Music Group Corp.  said on Tuesday it decided against bidding for British rival EMI Group Plc , two days before a deadline to submit an offer loomed.
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Former EMI Group Plc  Chief Executive Jim Fifield is interested in potentially making an offer for the world's third biggest music company, he said on Friday.
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Don't bite the Hands that feed you... A private equity buy-out at EMI is looking increasingly likely with Guy Hands - the money man behind Terra Firma - hiking the bid to buy the music firm with a new offer of Â£3.7bn.â¦
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The world's third largest music company,  EMI Group Plc, has appointed Roger Faxon as the new chairman  and CEO of its powerful Music Publishing division.
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Steve Jobs: credit where very little credit's due EMI is close to removing rights management software from its digital music for good, in a move which would pile pressure on the rest of the recording industry to follow suit.â¦
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FORMER Telegraph owner Conrad Black has resigned as Hollinger Inc. chairman and chief executive as he prepares a buy-out of the Canadian holding company.
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EMI will buy out shares in Toshiba-EMI, it's Japanese joint venture with Toshiba.