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  • March 16- Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek bankruptcy protection as it did not have enough funds to continue operations. Peabody's shares have crashed from their record high of more than $1,300 in 2008 to $4.01 as of Tuesday's close, reflecting the downturn in the coal market over the past few years. As of Dec. 31, the company...

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek Chapter 11 bankruptcy protection after it delayed an interest payment due on Tuesday. Peabody, which flagged bankruptcy risk under the "risk factors" section of a regulatory filing on Wednesday, said it skipped a $71.1 million interest payment on its senior notes, kicking off a 30-...

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, raised substantial doubt about its ability to remain as a going concern and said it may need to seek Chapter 11 bankruptcy protection, after it delayed an interest payment. Peabody said it skipped a $71.1 million interest payment on its senior notes due on Tuesday, kicking off a 30- day grace period.

  • BEIJING, March 16- China's Premier Li Keqiang defended the government's economic policies on Wednesday, vowing there would be no mass layoffs and no hard landing for the world's second-largest economy even as the government presses ahead with painful reforms. While conceding that downward pressure is increasing, Li and other top officials at the annual...

  • BEIJING, March 16- China will try to avoid mass layoffs as it restructures the steel and coal sectors, even as it pushes ahead with economic reforms, Premier Li Keqiang said.

  • CHICAGO, March 15- Caesars Entertainment Corp and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals that a court-ordered examiner said Tuesday led to a $18 billion bankruptcy protection filing by the casino company's operating unit. Richard Davis and a team of lawyers have spent a year...

  • NEW YORK, March 15- Attorneys for customers suing General Motors Co over faulty ignition switches urged a U.S. appeals court on Tuesday to throw out bankruptcy court rulings that they say shield the company from lawsuits potentially worth billions of dollars. A panel of three judges on the 2nd U.S. Circuit Court of Appeals did not clearly indicate during oral...

  • *To create 300 similar jobs in India. LONDON, March 15- Royal Bank of Scotland plans to eliminate almost 500 UK-based jobs in its investment bank in an effort to cut costs, a source familiar with the matter said on Tuesday. At the same time, the bank will be creating about 300 similar roles in India, the person said.

  • March 15- U.S. oil-and-gas producer Linn Energy LLC said a Chapter 11 bankruptcy filing may be "unavoidable".

  • Peabody Energy Corp, the largest U.S. coal producer, said this month that its lenders are pushing to restructure its $6 billion debt through bankruptcy. Foresight Energy reported a net loss of $64.3 million, or 44 cents per limited partner unit, for the fourth quarter, compared with a profit of $31.1 million, or 22 cents per limited partner unit, a year earlier.

  • *Toshiba says in talks with other companies, but nothing decided. March 15- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. Toshiba granted Canon Inc exclusive negotiating rights for its medical equipment unit,...

  • March 14- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. The deal is expected to fetch tens of billions of yen, the Japanese business daily reported. Toshiba granted Canon Inc exclusive negotiating rights for its...

  • GT ADVANCED SAYS TO EMERGE FROM BANKRUPTCY AS SOON AS. March 14- GT Advanced Technologies, a sapphire glass maker, said it expected to emerge from Chapter 11 bankruptcy "as soon as possible." GT Advanced filed for Chapter 11 bankruptcy in October 2014 after the company's scratch-resistant sapphire glass was left out of Apple Inc's iPhone 6 and 6 plus.

  • March 14- Cosmetics maker Avon Products Inc said on Monday it would cut about 2,500 jobs worldwide and shift its corporate headquarters to the UK as part of its three-year turnaround plan. The company sold most of its North American business to Cerberus Capital, its biggest investor, after four years of falling sales. Avon said it would maintain its current...

  • Cemex, which is saddled with high dollar-denominated debt, and is in the midst of a major asset-selling plan, hopes to raise as much as 39.745 billion pesos in the IPO of Cemex Holdings Philippines Inc, in what would be the Philippines' biggest IPO. He also said Cemex is in talks to sell U.S. assets, such as a pipe factory, and that it could also shed holdings in Europe and...

  • NEW YORK, March 14- The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc and Energy XXI Ltd reach the end of grace periods following millions in missed interest payments. The three oil and gas exploration and production companies with operations across the United States, said they would skip a...

  • BRUSSELS, March 14- Spanish airline Iberia is preparing new job cuts to reduce costs after completing the current redundancy program, its chairman Luis Gallego said on Monday. After that Iberia will seek a new agreement with the unions for additional voluntary job losses for older employees close to retirement, Gallego said at an event organized by the...

  • *Safran holding investor meeting in London. LONDON, March 14- France's Safran said on Monday it was talking to potential buyers of its airport explosives detection business, and announced a strategic review of the rest of its identity and security activities as it focuses on aviation and defence. Presenting 2015 results in February, Chief Executive Philippe...

  • China will focus on mergers and restructuring, not bankruptcies, Xiao Yaqing, the head of the State-owned Assets Supervision and Administration Commission, told a news conference. As it tries to rejuvenate its economy, China aims to reduce the number of central government-managed enterprises and launch pilot programmes that will allow more private...

  • BEIJING, March 12- China's economic restructuring will not lead to the kind of mass layoffs that took place in the 1990 s, the country's state assests regulator said on Saturday. China will focus on mergers and restructuring, not bankruptcies, Xiao Yaqing, the head of the the State-owned Assets Supervision and Administration Commission, told a news conference.