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  • Aug 18- Citigroup Inc said it will sell its alternative investor services business to financial technology provider SS&C Technologies Holdings Inc.. The financial terms of the transaction are not material to the bank, Citigroup said on Tuesday. SS&C said in a separate statement that it would pay $425 million for the unit, subject to certain adjustments.

  • FAIRFIELD, Ala.— U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant. "Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said. The plant is just outside the city limits of its namesake town, but...

  • STOCKHOLM— Norway's $870 billion sovereign wealth fund has excluded four Asian companies over environmental concerns linked to their palm oil activities in Indonesia. Acting on a recommendation from its ethical council, Norway's central bank on Monday said the fund would divest from South Korean steelmaker Posco, its subsidiary Daewoo International...

  • DENISON, Iowa— Officials are working to help Denison cope with the closing of a Tyson Foods plant there that employed about 400 people. State workforce development officials plan to meet with affected workers Tuesday at the Western Iowa Tech Community College to explain what help is available. Bonner said it's sad to see the plant close because it has a long...

  • Aug 14- KKR& Co's Samson Resources Corp said on Friday it finalized a restructuring plan with key creditors that it expects to implement under a Chapter 11 bankruptcy reorganization and which will give the creditors control of the company. Samson said its second-lien lenders, including Silver Point, Cerberus and Anschutz, will put in as much as $485 million in...

  • Aug 14- KKR& Co's Samson Resources Corp may file for Chapter 11 bankruptcy protection by mid-September, the Wall Street Journal reported on Friday, citing sources familiar with the matter. KKR's shares, which closed at $22.86 on the New York Stock Exchange, fell more than 7 percent in extended trading. Samson's second-lien lenders will put in as much as $485...

  • NEW YORK, Aug 13- Goldman Sachs has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday, concluding the Wall Street firm's divestment of physical commodity assets. Murray did not provide terms and a Goldman Sachs spokesman declined to comment on the sale price. In recent years, Goldman Sachs and Morgan...

  • Goldman Sachs sells Colombia coal unit to Murray Energy Thursday, 13 Aug 2015 | 7:03 PM ET

    NEW YORK, Aug 13- Goldman Sachs has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday, concluding the Wall Street giant's divestment of physical commodity assets. Ohio- based coal giant Murray Energy has acquired Colombia Natural Resources, which includes two surface mines, three undeveloped mines...

  • Aug 13- Shares of Houlihan Lokey Inc, which advised on the Enron Corp and Lehman Brothers Holdings Inc bankruptcies, rose as much as 10 pct percent in their market debut, valuing the boutique advisory firm at about $1.51 billion. The IPO raised $220.5 million for Houlihan Lokey's two biggest shareholders: ORIX USA, an arm of Japanese financial services company...

  • ATHENS, Aug 13- Greece's privatisations agency on Thursday announced deadlines for bids on tenders for the country's two largest ports and state railways TRAINOSE, assets Athens has agreed to sell as part of a new three-year bailout by its international lenders. Greek privatisation proceeds, excluding bank shares, are expected to total 6.4 billion euros...

  • Aug 13- Drilling contractor Hercules Offshore Inc said it filed for Chapter 11 bankruptcy as demand from oil and gas producers and explorers drops due to weak prices. The Houston- based company will also get $450 million of debt financing from some noteholders. The financing will allow the company to pay for a new high-specification rig, Hercules Highlander,...

  • Hercules Offshore files for bankruptcy protection Thursday, 13 Aug 2015 | 8:46 AM ET

    Aug 13- Oil and gas drilling contractor Hercules Offshore Inc filed for Chapter 11 bankruptcy on Thursday, hurt by falling demand as producers and explorers cut spending.

  • SAN FRANCISCO, Aug 12- Ukraine and a group of its largest creditors on Wednesday failed to reach a deal to restructure the country's $19 billion of debt but will resume negotiations on Thursday, a source close to the talks said. The two sides are meeting in San Francisco as part of talks that have dragged on for five months. Ukraine must pay a $60- million coupon on Aug....

  • UPDATE 1-Kraft Heinz to cut 2,500 jobs in U.S. and Canada Wednesday, 12 Aug 2015 | 9:48 AM ET

    Aug 12- Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois. Kraft Heinz currently has about 46,000 employees, including about 1,900 at the company's headquarters, spokesman Michael Mullen in an emailed statement to Reuters on Wednesday. The combined Kraft Heinz has...

  • Aug 11- General Electric Co said it would sell its U.S. healthcare finance unit to credit card lender Capital One Financial Corp for about $9 billion. Citigroup Global Markets and J.P. Morgan Securities LLC advised GE and Hogan Lovells US LLP was the legal adviser. Credit Suisse and Wells Fargo Securities were financial advisers to Capital One and Wachtell,...

  • Aug 11- Norton antivirus software maker Symantec Corp has agreed to sell its data storage unit, Veritas, for $8 billion to a group led by Carlyle Group LP as it seeks cash to turn around its core security software business. The deal, the biggest U.S. leveraged buyout this year, will give Symantec much-needed cash to compete better in the fast-growing cybersecurity...

  • UPDATE 2-Jaguar Land Rover eyes Slovakia for new plant Tuesday, 11 Aug 2015 | 10:14 AM ET

    LONDON/ BRATISLAVA, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base as it seeks to boost sales worldwide. A trade union source told Reuters earlier in the process that Jaguar Land Rover was considering the Czech Republic, Hungary, Poland and...

  • UPDATE 1-Jaguar Land Rover plans new plant in Slovakia Tuesday, 11 Aug 2015 | 7:20 AM ET

    LONDON/ BRATISLAVA, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base as it seeks to boost sales worldwide. A trade union source told Reuters earlier in the process that Jaguar Land Rover was deciding between the Czech Republic, Hungary, Poland...

  • WARSAW, Aug 11- Poland, which has lost out to Slovakia as the venue for a potential new plant for carmaker Jaguar Land Rover, did not want to match the level of state support offered by its neighbour, the economy ministry said on Tuesday. "We have made a good offer to our partners, but it was not costly for state budget," the ministry said in a statement.

  • Jaguar Land Rover plans new plant in Slovakia Tuesday, 11 Aug 2015 | 4:00 AM ET

    LONDON, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base. "With its established premium automotive industry, Slovakia is an attractive potential development opportunity for us," Chief Executive Ralf Speth said. Volkswagen builds a range of...