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  • May 10- Bankrupt solar company SunEdison's "yieldcos"- TerraForm Global Inc and Terraform Power Inc- said their units had amended credit agreements to extend the date for filing financial reports. Under the amended pact, TerraForm Power LLC will have until May 28 to file its annual and quarterly reports. TerraForm Global LLC must file its annual report by Aug. 29...

  • May 10- Husky Energy said it would sell some assets in southwest Saskatchewan for C $595 million to fellow oil and gas producer Whitecap Resources Inc as it looks to raise cash. The company said on Tuesday the planned sale of several other assets in Western Canada was on track. "Over the past two months we have made significant progress on three major divestiture...

  • WASHINGTON, May 10- U.S. job openings increased in March to the highest level in eight months and layoffs continued to decline, indicating the labor market remains fairly robust despite April's slowdown in employment gains. "The data generally remain upbeat and it does not look like there has been any material weakening in the health of the labor market lately,"...

  • Vivint Solar has filed a lawsuit in Delaware against SunEdison alleging that the solar company willfully breached its obligations under their merger agreement and is seeking damages. Investors began to lose confidence in SunEdison's expansion, when the company announced a $2.2 billion deal to acquire Vivint in July. The Vivint deal also led to a lawsuit by...

  • ZURICH, May 10- Credit Suisse sees tough market conditions continuing at least through the second quarter, the Swiss bank said on Tuesday after kicking off 2016 with its first loss since 2008.. Zurich- based Credit Suisse posted a 302 million Swiss franc loss for the first three months of 2016, as Chief Executive Tidjane Thiam pursued a painful restructuring.

  • BUENOS AIRES, May 9- Argentina's President Mauricio Macri asked business and union leaders on Monday to avoid layoffs for 90 days, as the center-right leader faces heat for thousands of jobs lost since he took office in December. "We must protect Argentine jobs," said Macri, adding that quality, value-added jobs must be created. At the same time, the opposition is...

  • President Barack Obama waves to guests before boarding Marine One on the South Lawn the White House.

    Mergers and acquisitions activity may not pick up until President Barack Obama leaves the Oval Office, Robert Kindler says.

  • SEOUL, May 9- South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder by revenue, will slash more jobs and sell non-core assets as part of efforts to cope with shrinking orders, it said on Monday. Companies such as Daewoo Shipbuilding& Marine Engineering and the country's No. 1 shipping company Hanjin Shipping have already had to undergo...

  • CHICAGO, May 6- Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it could be forced into Chapter 11 bankruptcy protection. Bankruptcy judge for the Southern District of New York in January, for the new role. Gerber presided over the General Motors bankruptcy in...

  • May 6- Riverstone Holdings Ltd is the top contender to buy U.S.-based Talen Energy Corp, formed when the private equity firm merged some of its power plants with PPL Corp's power generation unit, Bloomberg reported. A deal could be announced shortly, Bloomberg reported on Friday, citing a person familiar with the matter. A final decision is yet to be made and Talen...

  • *Bidders include Canada pension fund, SALIC and Qatar. Bidders include a different Canadian pension fund, state-backed Saudi Agricultural and Livestock Investment Co and Qatar's sovereign wealth fund, the sources said. Last month, CPPIB agreed to buy a 40 percent stake in the unit for $2.5 billion, placing the equity value of the business at $6.25 billion.

  • WASHINGTON, May 5- The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 274,000 for the week ended April 30, the...

  • NEW DELHI, May 5- India's lower house of parliament on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Junior finance minister Jayant Sinha told lawmakers the code was "transformational" and would help India improve its 130th...

  • May 5- Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International in a deal that values the unit at C $1.2 billion. The company said it would sell the business to Baring Private Equity Asia and use proceeds of about C $600 million to expand its wireless and wireline networks in...

  • May 5- Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International in a deal that values the unit at C $1.2 billion.

  • May 5- Telus Corp, one of Canada's three big telecom providers, said it would sell a 35 percent stake in outsourcing service provider Telus International in a deal that values the unit at C $1.2 billion.

  • WASHINGTON, May 4- Dynegy Inc will shut down three coal-fired units at two Illinois power plants because they are no longer economical in the Midwestern U.S. power market, the Houston- based electric utility said on Wednesday. Environmental group the Sierra Club said Dynegy's announcement on Wednesday pushed the United States to a milestone of shuttering more...

  • SAO PAULO, May 4- Businesses' requests for bankruptcy protection in Brazil doubled in the first four months of 2016 as the harshest recession in decades and borrowing costs at nine-year highs crimped the ability of factories and retailers to stay afloat, the local unit of credit research company Experian Plc said on Wednesday. Companies filed an all-time high...

  • Aeropostale said it plans to finance its operations during its bankruptcy through a $160 million loan from Crystal Financial LLC combined with operating cash flow, according to a court filing.. The company said it expects to emerge out of bankruptcy within six months with a resolution of its disputes with former shareholder Sycamore Partners, which had...

  • The mall-based retailer listed assets in the range of $100 million to $500 million, and liabilities of between $100 million and $500 million, according to a court filing. The New York Stock Exchange suspended trading and delisted Aeropostale shares on April 21. The case is in U.S. Bankruptcy Court, District of New York, Case No: 16-11275..