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  • LONDON, Dec 16- Barclays Plc has sold its benchmark indices and risk analytics business to financial data provider Bloomberg for about 520 million pounds, the British bank said on Wednesday. Barclays said the sale of its Risk Analytics and Index Solutions business will result in a pretax gain of about 480 million pounds and should lift its common equity capital...

  • HONG KONG, Dec 16- Private equity firm TPG Capital Management has sold Chinese company HCP Packaging to Baring Asia, returning $1.55 billion in total to investors in 2015, an annual letter to its limited partners reviewed by Reuters showed. But exiting some of these businesses has proven tough given extreme market volatility in Asia this year.

  • WASHINGTON/ NEW YORK/ CHICAGO, Dec 15- Lawmakers are likely to scrap a revision to certain legal protections for bondholders from a spending bill that was under negotiation, a congressional aide said on Tuesday. The letter was signed by BlackRock Inc, DoubleLine Group LP, Oaktree Capital Management LP, Western Asset Management Company, T. Rowe Price Group and...

  • *Sources: banks ready to lend Abengoa 210 mln eur by end-Jan. *Abengoa to present restructuring plan by Jan. 18. MADRID, Dec 15- Creditor banks are ready to extend a 210 million euro lifeline to debt-laden Spanish energy and engineering firm Abengoa over the next six weeks in exchange for a new viability plan, two sources said on Tuesday.

  • BERLIN, Dec 15- Volkswagen will cut about 600 temporary jobs next year at a factory in Zwickau, Germany, as it seeks to cut costs in the wake of the emission tests scandal, labor representatives said on Tuesday. "We must now adapt to a new situation in which job protection will become more important again than the creation of further employment," said Jens Rothe, head of...

  • *Co may file for bankruptcy this year- BB&T Capital Markets. Dec 15- Arch Coal Inc, the second-largest coal miner in the United States, delayed a $90 million interest payment that was due Tuesday, pushing back a widely expected bankruptcy filing. If Arch Coal files a Chapter 11 petition, it will become the fourth coal miner to declare bankruptcy this year, joining...

  • European shares boosted by progress in Paris Tuesday, 15 Dec 2015 | 4:17 AM ET

    *M&A deals lift Faurecia and Sanofi. The Paris market was helped by French pharmaceuticals group Sanofi, which climbed 4.1 percent after it said it would swap some assets with Boehringer Ingelheim. There was also an 8.5 percent surge in car parts company Faurecia after it agreed to sell a division to Plastic Omnium.

  • *Sanofi in talks to acquire Boehringer consumer health. *Boehringer to buy Sanofi's animal health arm Merial. PARIS/ LONDON, Dec 15- Sanofi and Boehringer Ingelheim are in exclusive talks over a $20 billion swap of the French pharmaceuticals company's animal health business for the family-owned German group's consumer health operation.

  • LONDON, Dec 14- Royal Dutch Shell expects to slash thousands more jobs to save costs if its takeover of BG Group goes through as planned early next year following a final green light from China. The acquisition, which was announced on April 8 and is biggest in the sector in a decade, has been cleared by China's Ministry of Commerce, Shell said on Monday, after earlier...

  • NEW YORK/ HOUSTON, Dec 14- Law firms and banks are adding staff to their restructuring practices from Houston to New York City to scoop up new business as oil prices sink near 11- year lows, pressuring energy companies to slash debt or file for bankruptcy. Another three law firms have re-jigged staff for the new work, and other restructuring advisors have partnered...

  • LAGOS, Dec 14- Shares in Tiger Brands' Nigerian unit jumped 9.6 percent in early Monday trades on the Lagos bourse after the South African food company said it had agreed a deal to sell its majority stake back to Dangote Industries Limited. Tiger Brands has not made money from Dangote Flour Mills since paying nearly $200 million for a 65 percent stake in the firm,...

  • ALIBABA GROUP HOLDING LIMITED SAYS ENTERED AGREEMENT TO ACQUIRE SOUTH CHINA MORNING POST AND OTHER MEDIA ASSETS OF SCMP GROUP LTD.

  • JOHANNESBURG, Dec 11- Glencore has provisionally agreed to sell its troubled South African coal mine for 2.15 billion rand, narrowly avoiding closing the operation and saving hundreds of jobs, the unit's business rescue practitioners said on Friday. It is one of many Glencore- owned assets that have been hit by the slump in commodities prices, forcing the...

  • PARIS, Dec 11- French utility Engie is considering the sale of its thermal power generation plants in the United States, deputy chief executive and chief operating officer Isabelle Kocher said on Friday. Engie unit GDF Suez North America has an ownership interest in 13.1 gigawatts of electric power and co-generation capacity, of which close to 1 GW is powered by...

  • NEW YORK, Dec 10- Activist investors are building bigger stakes in bigger companies and their influence is helping reshape the landscape of corporate USA. They also played a role in Yahoo's announcement to ditch the spinoff of its $32 billion stake in Chinese ecommerce giant Alibaba in favor of seeking the sale of its core Internet business.

  • *Sees 2016 adjusted EPS $6.30- $6.60, revenue $56- $58 bln. Dec 10- United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, mainly through factory consolidation. United Technologies, whose shares rose 1.4 percent in extended trading, makes Otis elevators,...

  • Dec 10- United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, sending its shares up 1.2 percent in extended trading. The restructuring plan is expected to result in annualized savings of $900 million by focusing on cost reductions in high-cost...

  • Dec 10- United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs.

  • TREASURIES-Yields rise as U.S. stocks rebound Thursday, 10 Dec 2015 | 4:08 PM ET

    NEW YORK, Dec 10- U.S. "The belly is selling off and that's a function of risk assets finding a bid, but big picture, it's still just noise ahead of the Fed meeting next week," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut. Yields on the 10- year hit the day's low of 2.206 percent earlier after U.S. jobless claims increased to...

  • BOSTON, Dec 10- Third Avenue Funds said it will begin liquidating its $942 million Focused Credit Fund next week amid heavy losses on bets that included one of the highest exposures to illiquid assets in the junk bond sector. "There will be a distribution to all shareholders of the fund's cash assets not required for the expenses of the fund and its liquidation," New...