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  • NEW YORK— Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to rev up production there. According to The Wall Street Journal, Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City. The move reflects how Mexico has become an attractive place for global carmakers.

  • LISBON, Portugal— The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros. Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon. On Jan. 7, the Cabinet announced it was annulling the concessions to...

  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.

  • NEW YORK/ BUENOS AIRES, Feb 5- The mediator in Argentina's decade-long legal battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday after presiding over a week of intense talks in New York between the two sides. Argentina restructured nearly 93 percent of its defaulted debt in 2005 and 2010 swaps that gave creditors 25...

  • WASHINGTON, Feb 5- Puerto Rico, struggling to restructure its mountain of debt and already paying some but not all of its creditors, will run out of fiscal emergency measures by June, the U.S. commonwealth's Government Development Bank president said on Friday. With a 45 percent poverty rate and an exodus of people to the United States, Puerto Rico is trying to solve...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products unit Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Akron Brass, which has a large market share in North America, accounted for nearly 8 percent of Premier's total revenue in 2015.. Premier Farnell also said on Friday that said it expected profit for the...

  • Feb 5- Engineering supply group Premier Farnell Plc said it would sell its industrial products division Akron Brass to U.S.- based IDEX Corp for $224.2 million in cash. Premier Farnell, which makes and sells the Raspberry Pi- a mini, low-cost computer, said that the deal would help it focus on its core electronics distribution business. The company also said on...

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • *Coming Up: U.S. Factory orders Dec at 1500 GMT. Metals were buoyant as investors scrambled to close out bearish positions before the Lunar New Year holiday in China. Three-month benchmark zinc on the London Metal Exchange surged to a peak of $1,725.50 a tonne, the highest since Oct. 29, before paring gains to $1,707 by 1140 GMT, a rise of 0.7 percent.

  • DUBAI, United Arab Emirates— A consortium of Gulf Arab investors has agreed to buy a majority stake in Middle Eastern food firm Kuwait Food Company, which operates regional franchises of KFC, Krispy Kreme and other well-known Western brands. Kuwait Food Company is better known as Americana. Founded in 1964, its portfolio includes Mideast franchises of Pizza...

  • GENEVA— Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday. It reported a pretax quarterly loss of 6.4 billion, including a 3.8- billion-franc impairment charge...

  • NEW YORK/ CHICAGO, Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case, potentially changing the course of the litigious, drawn-out bankruptcy proceedings. Angry creditors have accused Caesars of looting the operating unit before its bankruptcy to benefit private equity owners Apollo...

  • Feb 3- The bankrupt operating unit of Caesars Entertainment Corp on Wednesday proposed mediation in its Chapter 11 case in a U.S. bankruptcy court, potentially changing the course of the drawn-out proceedings. According to a copy of the motion filed in the Northern District of Illinois court, Caesars Entertainment Operating Co believes a mediator would help...

  • The company, which makes computer-aided design software, said it expected pre-tax charges of $85 million- $95 million related to the restructuring. The company in November forecast fourth-quarter adjusted profit of between 8- 12 cents per share on revenue of $620- $640 million. Analysts on average were expecting a profit of 10 cents per share on revenue of...

  • Autodesk to cut 10 pct of workforce Wednesday, 3 Feb 2016 | 9:10 AM ET

    The company said it anticipated pre-tax charges of $85 million- $95 million related to the restructuring.

  • Brazil slump sparks 30 pct jump in bankruptcy filings Wednesday, 3 Feb 2016 | 8:18 AM ET

    SAO PAULO, Feb 3- Requests for bankruptcy protection in Brazil grew 30 percent in January as the worst recession in decades and the highest borrowing costs in nine years kept hampering the ability of factories, retailers and other businesses to stay afloat, credit research company Serasa Experian said on Wednesday. January's 96 requests for court protection...

  • NEW DELHI/ MANILA, Feb 3- State-run Indian company KIOCL is considering building an iron ore pellet complex in Iran at a cost of about $59 million and is in talks to sell more than 2 million tonnes of the steelmaking raw material to the Gulf country now free from trade sanctions. Companies such as KIOCL and aluminium maker NALCO, which is considering setting up a $2...

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...