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  • Zhou Chengjian, chairman of Metersbonwe Ltd.

    Metersbonwe, one of China's top brands, said in a statement to the Shenzhen stock exchange on Friday that founder Zhou Chengjian was back at work.

  • SAO PAULO, Jan 16- The Brazil- based asset management unit of Brazilian investment bank Grupo BTG Pactual SA has seen client funds fall by 30 percent since the bank's founder was arrested in late November, the online news service of paper Valor Economico reported late on Friday. BTG Pactual's onshore funds saw 44.36 billion reais of net withdrawals between Nov. 25...

  • The company, controlled by billionaire investor Carl Icahn, said in September 2014 it would separate the motorparts and powertrain businesses into two publicly traded companies. The Southfield, Michigan- based supplier said on Friday it will continue to operate in two independent businesses- motorparts and powertrain- with separate CEOs who will report...

  • Funds who placed a broad array of bets produced some of the strongest gains, beating star managers like Bill Ackman, David Einhorn and Larry Robbins who invested more narrowly and ended 2015 with steep losses. Funds to produce double-digit returns in 2015 include Citadel, Millennium Management, Visium Asset Management, Tourbillon Capital Partners and...

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • *Value of Brazil's M&A deals slumped 30 pct last year. SAO PAULO, Jan 15- Banco Bradesco BBI SA, which ended last year as the top-ranked advisor for mergers and acquisitions in Brazil for the first time in nearly two decades, expects a worsening recession and weakening currency to fuel takeover activity in coming months. The investment banking unit of Banco...

  • *Shares rise as much as 11.5 pct to $28.06. Jan 15- Revlon Inc's controlling shareholder and billionaire, Ron Perelman, said on Friday he would seek strategic alternatives for the cosmetics maker but did not detail a specific plan. Shares of the company, the owner of Charlie perfumes and Almay cosmetics, rose as much as 11.5 percent to $28.06.

  • WASHINGTON, Jan 15- More than 120 banks and other financial institutions on Friday posted plans for how they would wind down operations if they fail, without the help of public money. General Electric Capital Corporation, Prudential Financial and American International Group posted their plans, which were originally due July 1, along with other institutions...

  • Amid concerns that iPhone sales may be set to drop, the $77.3 billion American Funds Capital World Growth& Income Fund has sold all of its 1.7 million Apple shares since the end of June, according to Lipper data. The $9.3 billion Hartford Capital Appreciation Fund sold 1.4 million shares over the same period, reducing its position by 91 percent.

  • Jan 15- The owner of the Trump Taj Mahal casino in Atlantic City, New Jersey, may break its agreement with union workers, a U.S. appeals court ruled on Friday, potentially clearing the way for the company to exit Chapter 11 bankruptcy. The union, Unite Here Local 54, appealed. In Friday's ruling, a three-judge panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia...

  • Jan 15- Billionaire Ron Perelman, the majority owner of Revlon Inc, said he would seek strategic alternatives for the cosmetics maker. New York- based Revlon, whose sales have stagnated in the last three quarters, announced a restructuring plan in September to cut costs. Avon said in December Cerberus Capital Management LP would take a 16.6 percent stake in the...

  • Jan 15- Billionaire Ron Perelman, the majority owner of Revlon Inc, said he would seek strategic alternatives for the cosmetics maker.

  • BRASILIA, Jan 15- Brazilian engineering firm Odebrecht SA is seeking a partner for its water and sewage business Odebrecht Ambiental and does not rule out selling a stake in its transportation arm too, newspaper Valor Economico reported on Friday. Facing a slowing economy, tightened credit conditions at home and accusations from prosecutors investigating...

  • NEW YORK, Jan 14- A former finance director at a New York foundation accused of participating in a scheme to bribe a former United Nations General Assembly president on Thursday became the first defendant to plead guilty in the case. The guilty plea by Heidi Hong Piao to five counts, including bribery and money laundering, is a major break for U.S. prosecutors...

  • Jan 14- Hyatt Hotels Corp said a previously reported malware attack to steal payment card data affected 250 hotels between August 13 and Dec. 8. "We do not know the number of customers affected at this time," company spokeswoman Stephanie Sheppard said in an email. Hyatt said it has notified the appropriate country and state regulators and is working with the U.S....

  • *Saudi Arabia wants to boost returns on them. NEW YORK/ DUBAI, Jan 14- Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment banks and consultancies to submit proposals for the project, according to people familiar with the matter. The new fund could change the way tens of billions of...

  • Jan 14- Hyatt Hotels Corp said a previously reported malware attack on its payment processing system occurred between August 13 and Dec. 8. The company also said the "at-risk window" for a limited number of locations began on or shortly after July 30. Donald Trump's luxury hotel chain, Trump Hotel Collection, also confirmed the possibility of a data security...

  • BERNE/ SAO PAULO, Jan 14- Switzerland's BancaStato has emerged as a prospective buyer of BSI, the Swiss private bank bought last year for $1.3 billion by Brazil's embattled Grupo BTG Pactual SA, while bigger rival Julius Baer suggested it would not be bidding. "BancaStato sent a non-binding letter of intent for the acquisition of the capital stock of BSI SA.

  • *Winning ticket sold in east LA suburb Chino Hills- officials. LOS ANGELES, Jan 13- At least one unidentified person in California won the massive $1.59- billion Powerball lottery on Wednesday, officials said after drawing the winning numbers for the world's largest potential jackpot for a single player. The winning ticket was sold at a 7- Eleven convenience...

  • NEW YORK, Jan 13- A winning ticket for the biggest-ever $1.59 billion Powerball lottery jackpot was sold in California, state lottery officials said on Wednesday. "We have a winner in California!" The payout is worth nearly $930 million if a winner chooses an immediate cash payout instead of annual payments over 29 years, according to the Multi-State Lottery...