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  • Armstrong: Verizon wanted AOL's content too Tuesday, 9 Jun 2015 | 8:48 AM ET
    Tim Armstrong, chairman anc CEO of AOL.

    Tim Armstrong on Tuesday said AOL's content brands were always part of merger talks with Verizon, offering a rebuttal to reports to the contrary.

  • European shares hit new one-month low, HSBC dips Tuesday, 9 Jun 2015 | 3:09 AM ET

    LONDON, June 9- European shares fell on Tuesday to extend a recent losing streak, tracking a drop in U.S. stocks, with HSBC slightly lower after announcing a drastic restructuring plan. The pan-European FTSEurofirst 300 index was down 0.4 percent at 1,522.18 points by 0706 GMT, tracking a fall on Wall Street as investors speculated that the Federal Reserve may...

  • *HSBC to cut risk weighted assets by $290 bln. HONG KONG, June 9- HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's biggest bank said on Tuesday. However the cuts, to be completed by 2017, will be followed by some hiring in...

  • Why a Fed rate hike won't dent M&A Monday, 8 Jun 2015 | 5:43 AM ET
    A trader works on the floor of the NYSE as Fed Chair Janet Yellen speaks on television during a June news conference.

    One of the banking world's leading deal-makers has said the timing of the Fed's first rate rise in over six years will not stop firms eyeing M&A this year.

  • Shire/Actelion rumors latest in pharma M&A frenzy Monday, 8 Jun 2015 | 4:22 AM ET

    Reports of a $18-billion bid by Shire for Swiss biotech firm Actelion suggest that the European pharma deal-making flurry is far from over.

  • KIEV, June 8- Ukrainian Finance Minister Natalia Yaresko said she was convinced Ukraine would receive $1.7 billion in a second tranche of credit from the International Monetary Fund, even if no deal was tied up with creditors to restructure huge debts. Ukraine, which has been driven to the edge of bankruptcy by gross economic mismanagement and a separatist...

  • UKRAINE'S YARESKO SAYS AGREEMENT WITH CREDITORS ON RESTRUCTURING IS IMPORTANT FOR THE IMF BUT "NOT AN ESSENTIAL CONDITION".

  • NEW YORK, June 7- General Electric Co is nearing an agreement to sell its private-equity lending unit to Canada's biggest pension fund, the Wall Street Journal reported on Sunday. GE and the Canada Pension Plan Investment Board are aiming to sign the deal Monday, the WSJ said, citing people familiar with the matter. Terms are still being negotiated for a takeover...

  • Greek bid for debt relief faces euro zone scepticism Sunday, 7 Jun 2015 | 11:45 AM ET

    BRUSSELS, June 7- Greece wants to restructure its huge public debt through cheaper refinancing, longer maturities, a write off of some principal and turning some debt into perpetual or GDP-linked bonds, but the plans have no support in the euro zone so far. A restructuring has been one of the key demands from Greece in its negotiations with creditors on new...

  • LONDON, June 5- A debt restructuring deal for Ukraine seemed far off on Friday, after its finance ministry and creditors accused each other of a lack of engagement in talks and Kiev dismissed the offer from bondholders as unacceptable. Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal to enable...

  • LONDON, June 5- A group of Ukraine's creditors expressed disappointment on Friday that no basis had yet been found for detailed negotiations with Kiev on how to restructure its debt. Kiev and a creditors' committee led by Franklin Templeton had earlier held a teleconference aimed at reaching a deal to enable Ukraine to meet targets attached to a $40 billion...

  • SAO PAULO, June 5- A Brazilian court is expected to approve a debtor-in-possession loan to engineering firm OAS SA, which has filed for bankruptcy protection, as early as next week, two sources with knowledge of the deal said on Friday. The judge overseeing the bankruptcy process could free up the so-called DIP loan of 800 million reais after court-appointed...

  • LONDON/ RIO DE JANEIRO, June 3- Indebted Brazilian oil company Petrobras has brought in Bank of America Merrill Lynch to help manage a multi-billion dollar divestment plan and has already contacted major oil companies who might be interested buyers, three sources familiar with the matter said on Wednesday. Petrobras, whose total debts of some $170 billion make...

  • M&A: Dealmaking like 2007 all over again? Wednesday, 3 Jun 2015 | 7:29 AM ET

    Mergers and acquisitions are close to pre-financial crisis levels for the first time in 2015, as companies search for deals again.

  • NEW YORK, June 2- A turnaround plan by Puerto Rico utility PREPA suggests restructuring debt in way that might lead to a downgrade, and discussions with creditors could center on sharing the costs of a gap of about $1 billion identified by the utility, analysts said on Tuesday. PREPA proposed a plan on Monday that requires investment of at least $2.3 billion and...

  • WASHINGTON, June 2- Sikorsky Aircraft, a unit of United Technologies Corp, on Tuesday said it would cut 1,400 jobs and consolidate facilities, with lower oil prices sharply reducing demand for helicopters in the oil and gas sectors, and international military orders down. "Today's announcement is based on the current challenging market conditions and is...

  • WASHINGTON, June 2- Sikorsky Aircraft said a major restructuring announced Tuesday is "completely unrelated" to an ongoing review by its parent company, United Technologies Corp, about strategic options for Sikorsky, including a possible spinoff. "Today's announcement is based on the current challenging market conditions and is independent of United...

  • Intel CEO: Altera deal to improve chip performance Monday, 1 Jun 2015 | 5:26 PM ET
    Intel CEO Brian Krzanich

    Intel CEO Brian Krzanich explains why the chipmaker wants Altera and whether another acquisition is on the horizon.

  • WILMINGTON, Del., June 1- The judge overseeing the $42 billion bankruptcy of Energy Future Holdings Corp, Texas's biggest power company, scolded warring lawyers in the case on Monday for what he called their "unnecessarily expensive and counterproductive" bickering. Judge Christopher Sontchi in Wilmington, Delaware, made the comments as he extended to the end of...

  • Madoff trustee to recoup $35.4 mln from Merkin funds Monday, 1 Jun 2015 | 11:28 AM ET

    NEW YORK, June 1- The trustee seeking money for Bernard Madoff's victims will receive $35.4 million in a settlement with two funds once run by Wall Street hedge fund manager J. Ezra Merkin. According to settlement papers filed late Friday with the U.S. bankruptcy court in Manhattan, the payment will be made by the Ariel Fund Ltd and Gabriel Capital LP feeder funds,...