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  • WASHINGTON, April 16- U.S. rules to cut carbon emissions could close more than 90 coal plants and eliminate jobs that support mining and power stations that the federal government has not fully considered, a report by the conservative American Action Forum research group said on Thursday. The EPA also says the rules will save consumers billions of dollars over...

  • April 16- Canadian auto parts maker Magna International Inc said it would sell most of its interiors operations to Spain's Grupo Antolin for about $525 million. The deal includes 36 manufacturing plants and about 12,000 employees in Europe, North America and Asia, the company said. The operations included in the agreement recorded about $2.4 billion in sales...

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. Gunvor, one of the world's top five oil trading houses, has been looking to cut exposure to Russia by selling assets. The company's former co-owner, Russian billionaire Gennady Timchenko, sold his stake in Gunvor last year...

  • MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. It said in a statement the stake had been sold to a company controlled by Russian businessman Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes.

  • Gunvor says sells stake in Russian coal producer Kolmar Thursday, 16 Apr 2015 | 2:42 AM ET

    MOSCOW, April 16- Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday. It said in a statement the stake had been sold to Mokara Enterprises Limited, which is owned by Russian businessman Andrei Bokarev, an investor in coal mining and logistics assets, transportation and industrial processes.

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of...

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are to meet on Thursday to agree on a $1.7 billion rescue and restructuring plan for the loss-making electronics maker, a person involved in the discussions said. An agreement between the Osaka- based company and its main lenders, Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, would be Sharp's second big bailout...

  • NEW YORK, April 15- Creditors of Puerto Rico's troubled power authority, PREPA, will give the utility another 15 days leeway under an agreement aimed at staving off a messy default, PREPA confirmed in a statement on Wednesday. Creditors accepted that proposal, PREPA said, as the sides debate how to restructure PREPA's $9 billion in debt. Earlier PREPA said the...

  • April 15- Memory chipmaker SanDisk Corp reported its first fall in quarterly revenue in two years and plans to cut jobs to reduce costs as it struggles to meet demand for its flash-based memory products. SanDisk's adjusted profit also fell short of analysts' average estimate, sending the company's shares down nearly 6 percent in after market trading on...

  • NEW YORK, April 15- General Motors Co will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a U.S. bankruptcy judge ruled on Wednesday. Bankruptcy Judge Robert Gerber means GM may avoid potentially billions of dollars in liability, as well as the cost of...

  • NEW YORK, April 15- Creditors of Puerto Rico's troubled power authority, PREPA, are planning to give the utility another 15 days leeway under an agreement aimed at staving off a messy default, sources familiar with the creditors' thinking said on Wednesday. Creditors plan to accept that proposal as sides debate how to restructure PREPA's $9 billion in debt, said...

  • Germany declines comment on Greek bankruptcy plan report Wednesday, 15 Apr 2015 | 6:12 AM ET

    BERLIN, April 15- The German government declined comment on Wednesday on a story in German weekly Die Zeit which said Berlin was working on a plan that would allow Greece to receive financing from the European Central Bank even if it missed payments to creditors. "The plan under discussion is aimed at allowing he ECB to continue financing of Greece in the event of...

  • MOSCOW, April 15- Russia's top lender, Sberbank, plans to file a bankruptcy lawsuit against Mechel after talks on restructuring the steel producer's debt failed, RIA news agency quoted Sberbank's head, German Gref, as saying on Wednesday.

  • April 15- Toyota Motor Corp, the world's biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situation. Costs at Toyota's assembly plants at Cambridge and Woodstock in Ontario are higher than at its U.S. factories and...

  • NEW YORK, April 14- Negotiations between Puerto Rico's troubled electric power authority and a group of its creditors turned into a testy public exchange on Tuesday as an agreement to prevent a possible messy default by Wednesday's deadline proved illusive. The public dispute, highly unusual in restructuring negotiations that are normally conducted...

  • WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.

  • April 14- Avon Products Inc, a direct seller of cosmetics, is exploring strategic alternatives, which could include a sale of its North America business, the Wall Street Journal reported on Tuesday. Chief Executive Sheri McCoy has been struggling to turn around Avon as it loses representatives- the so-called "Avon Ladies"- in the United States, and grapples with...

  • Avon exploring sale of North America business - WSJ Tuesday, 14 Apr 2015 | 1:20 PM ET

    April 14- Avon Products Inc, a direct seller of cosmetics, is exploring strategic alternatives, which could include a sale of its North America business, the Wall Street Journal reported on Tuesday. The company said late on Monday it was postponing its Analyst Day from May 13 to fall 2015 to give adequate time for its new Chief Financial Officer James Scully to...

  • NEW YORK, April 14- A $2 billion bondholder plan to restructure Puerto Rico's troubled power authority contains aggressive elements that are unlikely to work, the utility's chief restructuring officer said in testimony before Puerto Rico's Senate on Tuesday. Lisa Donahue said demands that creditors be paid in full and on time would be unlikely to work as a...

  • UPDATE 1-Citi seeking to sell retail FX arm -source Tuesday, 14 Apr 2015 | 8:32 AM ET

    LONDON, April 14- Citigroup Inc is seeking a buyer for its retail forex brokerage CitiFX Pro as part of efforts to streamline the banking world's biggest currency trading operation, a source familiar with the situation told Reuters on Tuesday. Citi has cut staffing and computerised many elements of its currency business in recent years. New York- based Citi has...