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  • 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,...

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday handed a win to Bank of America Corp by ruling that a second mortgage on an "underwater" home- one with a mortgage balance exceeding its current value- cannot by voided during bankruptcy. But Bank of America, which is the second mortgage holder in both cases, argued in court papers that the approach taken by the 11th...

  • June 1- Molycorp Inc said it missed a $32.5 million interest payment on its senior secured notes, heightening concerns that the struggling rare earths miner could file for bankruptcy before the end of the month. Molycorp's shares fell as much as 21 percent in early trading. Molycorp, which reported a loss for the thirteenth straight quarter last month, had warned...

  • Why Intel needs to buy Altera: Expert Monday, 1 Jun 2015 | 9:31 AM ET

    Intel is running into technological limitations that Altera's intellectual property can potentially solve, David Garrity tells CNBC.

  • June 1- U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data. *Intel shares were up 0.6 percent at $34.68 in premarket trading on reports that the company was nearing a deal to buy programmable-chip maker Altera.

  • OSLO, May 29- Norwegian retail sales surged past all expectations in April and the unemployment rate unexpectedly fell, indicating the economy's resilience in the face of the oil sector's crash and making a rate cut next month less certain. Norway's growth is slowing as oil companies cut spending by around 15 percent, lay off workers and delay projects as crude...

  • KIEV, May 28- Ukraine on Thursday confirmed it was raising $1 billion by selling new bonds backed by the U.S. government and said the issue should contribute to cutting its international debt servicing costs. Near-bankrupt Ukraine is seeking to restructure $23 billion of foreign debt in order to make budget savings of $15.3 billion between 2015 and 2018 which...

  • Judge puts GM ignition-switch lawsuits on ice, for now Wednesday, 27 May 2015 | 5:10 PM ET

    NEW YORK, May 27- A U.S. bankruptcy judge on Wednesday put on hold dozens of lawsuits accusing General Motors Co of concealing an ignition-switch defect while plaintiffs in those cases appeal an earlier ruling that found their cases were barred. Bankruptcy Judge Robert Gerber's April 15 ruling that the company was shielded from those claims by the terms of its...

  • Ocwen to cut 140 jobs at Houston Wednesday, 27 May 2015 | 4:59 PM ET

    May 27- Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston. Ocwen has sold more than $90 billion of servicing rights since February, which includes $45 billion of mortgage servicing rights to JPMorgan Chase& Co's consumer and commercial banking unit.

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • Charter-TWC will be 'relatively small': Rutledge Tuesday, 26 May 2015 | 10:42 AM ET

    Charter CEO Thomas Rutledge explains why his company's bid for Time Warner Cable will succeed where Comcast's failed.

  • Charter agrees to buy Time Warner Cable for $55B Tuesday, 26 May 2015 | 9:13 AM ET
    The headquarters for Charter Communications Inc., in St. Louis, Mo., is shown.

    Charter Communications says it will buy Time Warner Cable in a cash-and-stock deal worth $55 billion.

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...