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  • Dec 4- American Apparel Inc founder and former Chief Executive Dov Charney said he was exploring plans with potential and existing investors and industry executives to revive the bankrupt company. Charney, who founded the teen apparel retailer in 1989, said on Friday he had hired Cardinal Advisors LLC to advise it on the process. Charney lost 42 percent stake...

  • Dec 4- Barclays Plc plans to cut more jobs in its investment banking unit, a source familiar with the matter said, as the British bank steps up efforts to slash costs and boost profit. Bloomberg reported earlier in the day that Barclays would cut 20 percent more investment banking jobs, citing the bank's Chief Executive Jes Staley. Barclays is midway through a...

  • SAO PAULO, Dec 4- Grupo BTG Pactual SA, the embattled Brazilian investment bank shedding assets after the arrest of its founder, is in talks with three unspecified international banks over the sale of Swiss private bank BSI Group, a source with knowledge of the plan said. The decision to dispose of BSI, which BTG Pactual integrated only three months ago following...

  • SAO PAULO, Dec 3- U.S. buyout firm Cerberus Capital Management LP has shown preliminary interest in Grupo BTG Pactual SA's stake in debt collection company Recovery do Brasil, which the embattled Brazilian investment bank wants to sell to raise cash, a person with direct knowledge of the matter said on Thursday. BTG Pactual, Latin America's largest independent...

  • SAN FRANCISCO/ BENGALURU, Dec 3- An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd and instead sell its core business "at the highest price possible." Yahoo's board, which includes co-founder David Filo, Wal-Mart Stores Inc former Chief...

  • WILMINGTON, Del., Dec 3- A U.S. judge said on Thursday he would approve Energy Future Holdings Corp's plan of reorganization, clearing a major hurdle toward ending the contentious bankruptcy for Texas's biggest power company. Bankruptcy Judge Christopher Sontchi spent nearly two hours reading a pair of rulings that confirm the plan, the product of more than 18...

  • Dec 3- Office supplies retailer Staples Inc is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot Inc, Bloomberg reported on Thursday, citing two people familiar with the matter. Under the deal announced in February, Staples had offered to divest about half of Office Depot's assets with revenues of up to $1.25...

  • WILMINGTON, Del, Dec 3- Energy Future Holdings Corp had presented evidence that "overwhelmingly supported" approval of the company's bankruptcy exit plan, a U.S. judge said on Thursday, although he made an exception for the payment of some legal fees. Bankruptcy Judge Christopher Sontchi made the comment as he began reading his opinion on the proposal by Texas's...

  • Polycom to reduce 11 pct of workforce Thursday, 3 Dec 2015 | 8:48 AM ET

    Dec 3- Video-conferencing equipment maker Polycom Inc said it would cut about 11 percent of its workforce. The company also said on Thursday that it would reduce or eliminate some leased facilities and close its Israel office. Polycom said it would incur $22 million- $25 million in charges related to the job cuts and restructuring in the fourth quarter of 2016..

  • Dec 3- GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany. The potential transaction, subject to approval by regulatory and anti-trust authorities, would represent an ending net investment of $7.5...

  • HONG KONG, Dec 3- Standard Chartered PLC has shut its renminbi solutions group in the United States and Europe, according to a person with knowledge of the matter, as part of major restructuring that has forced the lender to take an axe to one of the industry's fast-growing businesses. "RMB business is one of the top priorities for Standard Chartered as recently...

  • HONG KONG, Dec 3- Standard Chartered has shut its renminbi solutions group in the United States and Europe, according to a source with direct knowledge of the matter, as part of a major restructuring that has forced the lender to take an axe to a fast-growing business in the industry. In a landmark move this week, The International Monetary Fund admitted China's...

  • Dec 2- Workers at Iamgold Corp's Rosebel gold mine in Suriname have gone on strike over the company laying off about 10 percent of the mine's employees, Iamgold said on Wednesday. Iamgold announced the lay offs in October as part of efforts to reduce costs at Rosebel. Iamgold said it still expects Rosebel to produce between 290,000 and 300,000 ounces of gold this...

  • WILMINGTON, Del., Dec 2- The U.S. judge overseeing the Energy Future Holdings Corp bankruptcy will announce on Thursday morning whether he will approve a Chapter 11 exit plan for the company, Texas's biggest power company, the judge said on Wednesday. Bankruptcy Judge Christopher Sontchi at the end of five hours of closing arguments. Trustee, a bankruptcy watchdog...

  • Dec 2- Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Broken out as a separate company, Yahoo's email, Yahoo and Tumblr...

  • SAO PAULO, Dec 2- The number of requests for bankruptcy protection in Brazil more than doubled in November as the steepest recession in a quarter century and the highest borrowing costs in nine years squeezed factories, retailers and other business, credit research company Serasa Experian said on Wednesday. Requests for entering in-court reorganizations...

  • SAN JUAN, Dec 1- Puerto Rico's power authority, PREPA, reached a tentative debt restructuring deal with bond insurers, two sources familiar with the matter said on Tuesday, but two Puerto Rican government sources said later there was no agreement. But on Tuesday night, a source close to PREPA and another close to Puerto Rico's Government Development Bank, both with...

  • Dec 1- Online search and advertising company Yahoo Inc's board plans to weigh the potential sale of its Internet business when it meets Wednesday through Friday, The Wall Street Journal reported on Tuesday. In November, activist investor Starboard Value LP asked Yahoo to drop plans to spin off its stake in Alibaba due to tax concerns, and instead urged the...

  • Dec 1- Online search and advertising company Yahoo Inc's board will weigh the potential sale of its Internet business when it meets on Wednesday through Friday, according to a CNBC tweet citing Dow Jones.

  • Dec 1- Buyout firms KKR& Co LP, Thoma Bravo LLC and Vista Equity Partners Management LLC are competing for $4 billion worth of Dell Inc's assets, people familiar with the matter said, as the computer maker steps up asset sales. Divesting these assets would help Dell bolster its balance sheet after it agreed in October to buy data storage company EMC Corp for $67...