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  • 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...

  • Sprint to slash jobs, costs by $2.5B: Report Friday, 2 Oct 2015 | 9:17 AM ET
    Pedestrians walk past a Sprint store in Washington, D.C.

    Sprint plans to cut an unspecified amount of jobs and $2 billion to $2.5 billion in costs in the next six months, The Wall Street Journal reported.

  • NEW YORK, Oct 1- Puerto Rico's electric power authority, PREPA, has extended by two weeks 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 its bond insurers, the utility said on Thursday. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S....

  • NEW YORK, Oct 1- Puerto Rico's electric power authority, PREPA, has extended by two weeks 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 its bond insurers, the utility said on Thursday. The agreement is extended until Oct. 15, PREPA said. Reducing PREPA's $9 billion in debt...

  • Oct 1- Sprint Corp plans to cut an unspecified amount of jobs and about $2- $2.5 billion in costs in the next six months, the Wall Street Journal reported, citing an internal memo. "We have begun an effort to significantly take costs out of the business so the transformation of the company will be sustainable for the long-term," Sprint spokesman Dave Tovar told Reuters...

  • NEW YORK, Oct 1- Puerto Rico's electric power authority is expected to extend a creditor agreement expiring at the end of Oct. 1 with a bondholder group, to allow debt restructuring negotiations with bond insurers to continue, a source familiar with the bondholders said on Thursday. Reducing PREPA's $9 billion in debt has been seen as a critical test for the U.S....

  • Chipmaker AMD to cut 5 pct of global workforce Thursday, 1 Oct 2015 | 4:19 PM ET

    Oct 1- Chipmaker Advanced Micro Devices Inc said it would cut 5 percent of its global workforce as part of a restructuring plan.

  • NEW YORK, Oct 1- Puerto Rico's electric power authority PREPA is expected to extend a creditor agreement expiring at the end of day Thursday with a bondholder group, to allow debt restructuring negotiations with bond insurers to continue, a source familiar with the bondholders said on Thursday. PREPA in September agreed to deals with the bondholder group and...

  • Oct 1- ConAgra Foods Inc said it will cut about 1,500 jobs and outsource technology and back office positions, joining other packaged food companies in announcing cost cuts, and the company also plans to move its headquarters to Chicago from Omaha. ConAgra rivals including Campbell Soup Co and General Mills have cut jobs and costs as consumers shift to fresher...

  • Oct 1- ConAgra Foods Inc said it will cut about 1,500 jobs, or about 30 percent of its office-based workforce, and outsource technology and back office functions to reduce costs. The maker of Slim Jim beef jerky and Chef Boyardee pasta said it expects to save at least $300 million in the next three years due to the cost cuts. The company also said it plans to move its...

  • JOHANNESBURG, Oct 1- Miner and commodities trader Glencore, which is reviewing its operations in the face of a slump in commodities prices, announced more job cuts at its mines in South Africa on Thursday. Gugulethu Maqetuka, a spokesman for Glencore in South Africa, said the Swiss-based company had laid off 240 workers at its South Witbank coal mine in...

  • *Cuts could be announced this week; Walmart declines comment. Sept 30- Wal-Mart Stores Inc is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. The cuts will make up a small portion of the more than 18,000 people employed at the Bentonville, Arkansas office...