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  • *Platinum's prospects now as poor as gold. *Platinum price less than half 2008 peak. Platinum producers Lonmin and Anglo American Platinum are also planning to cut jobs and the government has held meetings with companies and unions to try and prevent widespread lay-offs.

  • *Intel to start 3 D NAND production in Dalian in 2 H 2016. Oct 21- Intel Corp said it may invest up to $5.5 billion in manufacturing semiconductors in China, stepping up efforts to improve ties with Beijing as it seeks new revenue streams while demand for its core computer processing chips falters. Intel's new investment follows a deal last year to buy 20 percent...

  • *Lonmin proposes rights issue exceeding market cap. JOHANNESBURG, Oct 21- Platinum producer Lonmin plans a $400 million rights issue of new shares and will proceed with a planned restructuring to cut 6,000 jobs in the face of depressed prices, it said on Wednesday. Lonmin also announced that it had cut its capital expenditure for the year to Sept. 30 to $136 million...

  • *Minister says nickel miner Aneka Tambang could take stake. JAKARTA, Oct 21- One of two Indonesian government-owned companies, miner Aneka Tambang or aluminium producer PT Inalum, should buy the stake that Freeport-McMoran's plans to divest in its Indonesian unit, the country's state-owned enterprise minister said. The comments from SOE Minister Rini...

  • Oct 20- Motorcycle manufacturer Harley-Davidson Inc. on Tuesday posted lower quarterly earnings, reduced profit guidance and said it planned to eliminate jobs, sending the company's shares to a two-year low. Harley-Davidson said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for a reorganization and job cuts which...

  • UPDATE 2-Kinder Morgan, BP form fuel storage JV Tuesday, 20 Oct 2015 | 11:04 AM ET

    *Kinder Morgan to buy 15 terminals in $350 mln deal. *Kinder Morgan to own 75 pct stake in JV. Oct 20- BP Plc will sell 15 fuel storage terminals in the United States to pipeline company Kinder Morgan Inc in a $350 million deal, as it sheds assets to pay for liabilities arising from its 2010 Gulf of Mexico oil spill.

  • Oct 20- Harley-Davidson Inc. said on Tuesday it would chop jobs to help fund increased spending on marketing and product development as it posted a lower quarterly net profit due to weaker global sales. The company said it plans to incur a one-time charge of $30 million to $35 million in the fourth quarter for reorganization costs and job cuts.

  • EU set to clear FedEx, TNT deal: Report Tuesday, 20 Oct 2015 | 9:01 AM ET
    A FedEx employee makes deliveries in Manhattan in New York City.
  • BEIJING, Oct 20- Chinese state energy giant Sinopec Corp is in advanced talks on taking a controlling stake in petrochemical firm Dragon Aromatics, which operates one of the country's biggest chemical plants, three sources with knowledge of the matter said. The discussions come after the independent petrochemical firm suffered a second major fire in less...

  • *Deutsche Bank up on restructuring plan. LONDON, Oct 19- European shares climbed to a five-week high on Monday, helped by a rise in Deutsche Bank and retailer Metro AG, while expectations of stimulus measures offset some weak Chinese data. Deutsche Bank rose 3.7 percent, the top performer, as investors welcomed Chief Executive John Cryan's plan to restructure the...

  • TORONTO/ NEW YORK, Oct 17- Toronto-Dominion Bank has begun laying off staff in Canada and the United States as part of a company-wide initiative to cut costs, according to two sources familiar with the matter. TD, Canada's biggest lender by assets, started the process by hiring Boston Consulting Group to examine ways to drive efficiencies, the sources said.

  • BUENOS AIRES/ MILAN, Oct 16- Argentina's telecoms regulator has blocked the sale of Telecom Italia's local business to investment firm Fintech, halting a $960 million deal that could help the Italian phone group cut its large debt. Telecom Italia said on Friday that Fintech had indicated it planned to appeal against the decision. Telecom Italia agreed in...

  • In a filing Thursday with the U.S. Bankruptcy Court in Wilmington, Delaware, the company known for its sexually charged advertising projected it would return to profit in 2018, its first money-making year since 2009.. Separately on Thursday, American Apparel sought to reassure suppliers and other creditors they were key to the future, even though they were...

  • NEW YORK, Oct 15- Puerto Rico's electric power authority, PREPA, has extended by one week an agreement with its bondholders and lenders that was to expire at the close of Thursday, while it is continuing to try to negotiate a deal with bond insurers who are holding out on a deal. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S. territory as...

  • American Apparel sees bright future after bankruptcy Thursday, 15 Oct 2015 | 5:58 PM ET

    In a filing Thursday with the U.S. Bankruptcy Court in Wilmington, Delaware, the company known for its sexually charged advertising projected it would return to profit in 2018, its first money-making year since 2009.. Separately on Thursday, American Apparel sought to reassure suppliers and other creditors they were key to the future, even though they were...

  • PARIS, Oct 15- Air France-KLM's plans to cut jobs and flights can still be avoided if negotiations between managers and unions progress, the airline's board said on Thursday. "The 2017 activity-reduction plan can still be avoided if negotiations conclude quickly," Air France-KLM's board said in a statement to Reuters. The French government owns 17.6 percent of...

  • Tesco agrees sale of property sites for 250 mln stg Thursday, 15 Oct 2015 | 2:13 AM ET

    LONDON, Oct 15- Britain's biggest retailer Tesco has agreed the sale of 14 development sites to a fund and clients advised by the real estate investment manager Meyer Bergman for 250 million pounds as part of its property retrenchment. Tesco, which reported one of the biggest corporate losses in history in April, said the deal was part of its drive to strengthen...

  • Diageo sells US, UK wine interests for $552 million Wednesday, 14 Oct 2015 | 2:16 AM ET

    LONDON, Oct 14- Drinks group Diageo has agreed the $552 million sale of its major wine interests to Treasury Wine Estates, it said on Wednesday, as part of its drive to shed non-core assets. It said the deal is for its United States based Chateau and Estate Wines and the British based Percy Fox businesses. Diageo plans to use net proceeds of about 320 million pounds...

  • SYDNEY, Oct 14- Australia's Treasury Wine Estates, the world's biggest standalone wine maker, said on Wednesday it had agreed to buy the majority of Diageo Plc's U.S. and British wine operations for $552 million. Clarke has instead been eyeing acquisitions of higher quality, more profitable labels in the U.S. like those in the Diageo portfolio.

  • Palmer said the company, famous for making the DB5 sports car driven by James Bond, had narrowed down a list of 19 possible locations to five or six sites, including Alabama in the United States, eastern Europe, Wales and a site near the central English county of Warwickshire and the cities of Birmingham and Coventry. "If you're going to build a plant then obviously...