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  • Feb 25- U.S. real estate investment trust Rouse Properties Inc said Canadian asset manager Brookfield Asset Management Inc agreed to buy the company in a sweetened deal valued at about $2.8 billion, including debt. Brookfield Asset's latest cash offer of $18.25 per share represents a premium of 2.82 percent to Rouse's Wednesday close and values the real...

  • Feb 25- Real estate investment trust Rouse Properties Inc said asset manager Brookfield Asset Management Inc agreed to buy the company in a deal valued at about $2.8 billion, including debt.

  • BEIJING, Feb 25- China will allocate 100 billion yuan over two years to relocate workers laid off as a result of China's efforts to curb overcapacity in sectors like steel, the Ministry of Industry and Information Technology said on Thursday. China has vowed to tackle price-sapping supply gluts in major industrial sectors, and said earlier this month that it...

  • BEIJING, Feb 25- China will allocate 100 billion yuan over two years to relocate workers during China's industrial restructuring, the Ministry of Industry and Information Technology said on Thursday. Relocating workers was the main problem that needed to be solved in restructuring Chinese industry, vice-minister Feng Fei told a news conference in Beijing.

  • The restructuring will result in charges and associated cash payments of about $300 million in the current year, the company said. "This move is basically HP Inc embracing the tough pricing environment and shifting their focus to building their portfolio," says Shannon Cross, an analyst for Cross Research. The company, which is reporting results independently...

  • WILMINGTON, Del./ CHICAGO, Feb 24- Abengoa SA put its U.S. bioenergy unit into Chapter 11 bankruptcy on Wednesday with up to $10 billion in liabilities, the latest twist in the multinational parent's race to avoid becoming Spain's largest corporate failure. The filing by Abengoa Bioenergy US Holding LLC was prompted by involuntary bankruptcy petitions against...

  • The world's largest construction and mining equipment maker will create an Electric Power, Marine and Oil& Gas Division by consolidating the Electric Power and Marine& Petroleum Power Divisions, it said on Wednesday. Steve Niehuas, currently vice president of the Electric Power Division will retire after 27 years with the company. We'll evaluate those in the...

  • WILMINGTON, Del., Feb 24- An affiliate of Spain's troubled Abengoa SA filed for U.S. Chapter 11 bankruptcy on Wednesday, saying in court documents it had up to $10 billion in both liabilities and assets. Abengoa US Holding LLC and five other affiliates filed in the U.S. Bankruptcy Court in St. Louis, according to court documents.

  • MILAN, Feb 24- Italy's Eni said on Wednesday it has won approval from the Mozambique government to build its planned Coral floating liquefied natural gas plant. Eni is moving ahead in Mozambique despite the added challenge of using a relatively untested technology to ship the gas. Its floating LNG export plant will be moored above the Coral gas field, containing...

  • Feb 24- Honeywell International Inc is seeking a buyer for its building solutions business, the Wall Street Journal reported, adding that the business could fetch $3 billion to $4 billion. Honeywell's building solutions and distribution business generated net sales of $4.57 billion in 2015 and accounted for 11.8 percent of the company's total net sales.

  • Feb 24- Honeywell International Inc is seeking a buyer for its building solutions business, CNBC reported, citing Dow Jones. The business, which makes sensing and security technologies for homes and commercial buildings, could fetch $3 billion to $4 billion, CNBC said on Wednesday. The news comes a day after Honeywell, a major maker of aerospace components,...

  • *Cuts capex to $900 mln- $1 bln from $1.5 bln- $1.7 bln. The oil and gas producer cut its capital budget for 2016 to $900 million- $1 billion from $1.5 billion- $1.7 billion it forecast earlier as a steep drop in oil prices forces the company to focus on core assets and lower costs. The company is focusing on the Permian and Eagle Ford shale fields in Texas, and the Duvernay...

  • Feb 24- Canada's Encana Corp cut its capital budget and production target for 2016 and said it would slash more jobs as the company struggles to cope with a steep fall in oil prices. The oil and natural gas producer also slashed its capital spending target to $900 million- $1 billion from $1.5 billion- $1.7 billion it forecast earlier. Excluding items, the company...

  • WASHINGTON, Feb 23- The ailing coal industry must face the costs of cleaning up spent mines even as companies get pushed toward bankruptcy, the U.S. Bankrupt Alpha Natural Resources and Arch Coal have sought to jettison cleanup liabilities in bankruptcy court and Interior Secretary Sally Jewell said officials will not tolerate such maneuvers.

  • According to court documents, the deal allows for the sale of the company or a reorganization and ends litigation between the company's unsecured creditors and Molycorp's lender, Oaktree Capital Management. Both told a U.S. Bankruptcy Court hearing on Tuesday in Wilmington, Delaware, that they would likely oppose the plan of reorganization that would be...

  • According to court documents, the deal allows for the sale of the company or a reorganization and ends litigation between the company's unsecured creditors and Molycorp's lender, Oaktree Capital Management. The unsecured creditors had accused Oaktree of using its position as lender to place an "exorbitantly expensive noose around Molycorp Group's neck"...

  • The company said in October that it had hired Goldman Sachs Inc to advise on its options, including a sale. The restructuring is expected to generate about $67 million in savings in 2016 and annualized savings of about $100 million beginning in 2017, Lexington, Kentucky- based Lexmark said. The company also reported a 5 percent drop in revenue to $968.8 million...

  • *Posts annual pretax loss of $1.5 billion. *Underlying pretax profit $800 mln vs forecast of $899 mln. LONDON, Feb 23- Standard Chartered reported its first annual loss since 1989 as hefty restructuring costs and weak commodity prices took their toll on the emerging markets-focused lender.

  • *Botox global sales of $460 million. Botox global sales were about $460 million, while Restasis global sales came in at about $348.2 million. Pfizer agreed in November to buy Allergan in a $160 billion deal which is meant to slash Pfizer's tax rate as it would shift its headquarters to Dublin.

  • MUMBAI, Feb 22- India will sell a 5 percent stake worth about $730 million in its top power producer NTPC Ltd, as the government races against time to raise funds via asset sales to meet this year's fiscal deficit target. The NTPC share sale will begin on Tuesday, the government said, and if successful, will be the biggest divestment by the state in about six months...