Company Privatization

LONDON (Reuters) - Royal Bank of Scotland boss Stephen Hester will step down later this year, after the bank's board decided it wanted new leadership to oversee the sale of Britain's majority stake in the bank, which could take years. Hester said on...

LONDON (Reuters) - Royal Bank of Scotland Chief Executive Stephen Hester said he would have liked to have stayed at the bank beyond this year to oversee its privatization, but said it made sense to look for a successor before that process. RBS said on...

BRUSSELS, June 11 (Reuters) - The European Commission would like Greece to have another go at selling the state-run gas firm DEPA as soon as possible after Athens failed to attract any bid for the company by Monday's deadline, Commission spokesman Simon...

ATHENS (Reuters) - Greece plans to ask foreign lenders to reset its asset sales target as its failure to sell natural gas firm DEPA means it will fall short of its goal this year, a senior government official said on Tuesday. Greece will miss its asset...

ATHENS (Reuters) - Greece will not adopt additional austerity measures to compensate for a shortfall in revenues from failing to find a buyer for the state-run gas firm DEPA, Greek Prime Minister Antonis Samaras said on Tuesday. "There are many people...

For a construction industry starved for work during recent lean years, the prospect of getting a slice of the $2.6 billion Red Line light rail project was like a dinner bell. Nearly 400 people, from contractors and investment bankers to engineering firms...

Poll: Corbett could be one-term governor Gov. Tom Corbett would stand little chance at winning a second term if the election were held today instead of 17 months from now, according to the latest Quinnipiac University poll. The poll, released Friday,...

By Marja Novak LJUBLJANA, May 31 (Reuters) - With its pristine aisles and well-stocked shelves, Slovenian food retailer Mercator doesn't look like a supermarket owned, indirectly, by an ex-Communist state in Eastern Europe. Like the country itself,...

BLED, Slovenia (Reuters) - Slovenia still has a long way to go to avert an international bailout, its policymaker at the ECB said on Friday as data showed the economy shrinking and business investment plummeting in early 2013. "Slovenia is not out of the...

SOFIA (Reuters) - Bulgaria's new Socialist-led government may cancel a privatization of the state railway company's cargo unit after the move was deferred for the fourth time in three months. The deadline for offers for the cargo business of the debt-...

In a recent op-ed, "Prison privatization can provide real benefits," Temple University professors Simon Hakim and Erwin Blackstone discussed their recent research that found cost savings and equal or better performance by for-profit prison companies....

Northampton County Council on Tuesday filed a lawsuit challenging County Executive John Stoffa's methods of awarding a contract for non-emergency transport at Gracedale nursing home. The lawsuit, filed Tuesday in the Northampton Court of Common Pleas,...