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  • *Fast Retailing needs to improve brand recognition in U.S. TOKYO, Oct 8- Japanese clothing firm Fast Retailing Co said on Thursday it would open fewer U.S. stores for its core Uniqlo brand this year after a rapid expansion failed to entice customers, leading to a lower-than-forecast annual profit. Fast Retailing, which is seeking to overtake Zara-owner Inditex...

  • FRANKFURT, Oct 7- Deutsche Bank is bracing for a pre-tax loss of 6 billion euros for the third quarter, because of massive writedowns at its investment banking unit and its Postbank retail bank, which it plans to divest. It will also take an impairment on the stake it owns in China's Hua Xia Bank Co. Ltd and will set aside more money for litigation, Deutsche Bank said in...

  • Oct 7- Monsanto Co, one of the world's largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016.. Monsanto, which also reported a much wider quarterly loss, said that along with the layoffs, its global...

  • Oct 6- Bankrupt miner Patriot Coal Corp, which is in the midst of auctioning off its assets, has issued a new WARN notice to its employees. Patriot Coal expects to lay off more than 2,000 workers in West Virginia, the Associated Press reported Tuesday. The new WARN notice from Patriot Coal extended the period from the original WARN notice issued on Aug. 3, 2015, because...

  • *American Apparel bets on financial, fashion turnaround. CHICAGO, Oct 6- American Apparel Inc plans to revamp its struggling fashion business under a restructuring plan that would give ownership to the Standard General hedge fund, which rescued RadioShack earlier this year, lawyers said at a hearing on Tuesday. American Apparel Inc, the country's largest "Made...

  • HONG KONG, Oct 6- Saudi Aramco, the world's biggest oil producer, is in talks to acquire a stake in a China National Petroleum Corp refinery as well as retail assets, people familiar with the matter said- a deal that would help it sell more of its output to China amid growing competition. The sale of a stake in an established refinery marks a departure from the past for...

  • NEW DELHI, Oct 6- India imported 17.3 percent more crude oil from Iran last month than it did in August as its top refiner made its first buy from Tehran for a new plant, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts. Indian Oil Corp, India's biggest refiner, accounted for most of September's rise from the previous...

  • Oct 6- Saudi Aramco, the world's biggest oil producer, is in talks with China National Petroleum Corp to buy some of the Chinese oil company's marketing, retail and refining assets, people familiar with the matter told Reuters. Saudi Aramco has hired Deutsche Bank to advise on the transaction, while CNPC is working with HSBC Plc and one other mainland bank on the...

  • UPDATE 1-SunEdison to cut 15 pct of its workforce Monday, 5 Oct 2015 | 6:28 PM ET

    Oct 5- U.S. solar company SunEdison Inc said it would cut about 15 percent of its global workforce as part of a restructuring plan to integrate the businesses it bought recently. SunEdison's stock has been under pressure since mid-July as investors questioned the solar company's liquidity after its purchase of Vivint Solar Inc.. TerraForm Power Inc, a unit of...

  • NEW YORK, Oct 5- Confidentiality agreements regarding Puerto Rico's restructuring have been signed by six groups, a spokeswoman for the U.S. territory's Government Development Bank said in an emailed statement, as the island starts the process of trying to persuade creditors to take cuts to their debt. Puerto Rico officials earlier in September proposed...

  • ROISSY, France, Oct 5- Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists at the scene. Broseta and Air France Chief Executive Frederic Gagey had been outlining a drastic cost cutting plan, described by the company as "Plan B" after it failed to persuade its...

  • Air France managers flee as staff storm meeting Monday, 5 Oct 2015 | 8:25 AM ET
    Air France planes are parked on the tarmac of Roissy Charles-de-Gaulle airport.

    Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room.

  • ROISSY, France, Oct 5- Air France managers fled a meeting on Monday about mass job cuts after angry staff waving banners and flags stormed the room, according to Reuters journalists at the scene. Violent protests by workers are commonplace in France, where the population has a long tradition of taking the law into its own hands. Air France CEO Gagey had already left...

  • Oct 5- American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday. American Apparel, one of the only clothing retailers still manufacturing in the United States, said its stores and manufacturing operations would continue to operate...

  • UPDATE 2-American Apparel files for bankruptcy Monday, 5 Oct 2015 | 4:57 AM ET

    *Files for Ch.11 bankruptcy protection in Delaware. Oct 5- American Apparel Inc filed for chapter 11 bankruptcy protection on Monday, joining a rising number of U.S. apparel retailers reeling under tough competition and lower spending by teen shoppers. Under the agreement, American Apparel's secured lenders will provide about $90 million in...

  • UPDATE 1-American Apparel files for bankruptcy Monday, 5 Oct 2015 | 1:57 AM ET

    Oct 5- Troubled teen apparel retailer American Apparel Inc filed for voluntary chapter 11 bankruptcy protection on Monday and said it had reached a restructuring support agreement with most of its secured lenders. American Apparel said it would continue to operate its business throughout the process with its retail stores, wholesale and U.S. manufacturing...

  • American Apparel files for bankruptcy Monday, 5 Oct 2015 | 12:48 AM ET

    Oct 5- Troubled teen apparel retailer American Apparel Inc filed for bankruptcy protection on Monday and said it had reached a restructuring support agreement with 95 percent of its secured lenders. "This restructuring will enable American Apparel to become a stronger, more vibrant company," Chief Executive Paula Schneider said in a statement.

  • WILMINGTON, Del, Oct 2- A U.S. judge on Friday rejected a plan to pay millions of dollars in bonuses to top executives of bankrupt miner Molycorp Inc, two days after GT Advanced Technologies Inc failed to get approval of a similar plan. Molycorp, which filed for bankruptcy in June, had said the bonus plan would align executives' goals with those of its creditors to...

  • CHICAGO, Oct 2- Creditors of Caesars Entertainment Corp's casino business are heading to court on Monday to argue that the company has been bankrupt for three days longer than it acknowledges, and $468 million hangs on the outcome. Bankruptcy Judge Benjamin Goldgar in Chicago that the process began on Jan. 12 in Delaware. Three days later, the operating unit of...

  • Oct 2- Wal-Mart Stores Inc is cutting 450 jobs at its headquarters in Arkansas as part of a reorganization of the retailer's management structure, according to an internal memo circulated to staff on Friday. The cuts are aimed at making the world's largest retailer by revenue a "more nimble organization" and is part of a review that will lead to "pulling back in some...