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  • NEW YORK, March 18- Richard Fuld, the former chief executive officer of Lehman Brothers Holdings Inc, is not liable to onetime employees who suffered millions of dollars in losses in company stock as the bank descended into bankruptcy, a federal appeals court has ruled. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan said Fuld and a Lehman benefit...

  • Prescription drug distributor McKesson Corp. headquarters is seen in San Francisco.

    McKesson is cutting 1,600 jobs, or about 4 percent of its workforce, to slash costs after the company lost some key customers, Bloomberg reported.

  • *Rothschild may hire staff as global players leave Russia. Giovanni Salvetti, head of Rothschild operations in Russia and the Commonwealth of Independent States, told Reuters he believed the firm could perform well advising on debt restructuring, asset swaps, and distressed sales- all activities that can see an upturn in times of economic hardship.

  • March 16- U.S. drug distributor McKesson Corp is cutting 1,600 jobs, or about 4 percent of its U.S. workforce, to slash costs after the company lost some key customers, Bloomberg reported on Wednesday. McKesson began a strategic review in January and decided that "reductions to our workforce would be necessary to align our cost structure with our business needs,"...

  • March 16- Natural gas pipeline company Southcross Energy Partners LP said its parent, Southcross Holdings LP, has reached a restructuring deal "in principle" with its owners, lenders and others, that would be implemented under Chapter 11.. The restructuring is contingent upon, among other things, final documentation and necessary approvals, Southcross Energy...

  • March 16- Investors in Caesars Entertainment Corp were scrambling on Wednesday to grasp the cost from a court-ordered investigation that said the casino company could face $5 billion in potential damages from the bankruptcy of its operating unit. Examiner Richard Davis and an army of lawyers investigated claims by creditors that the operating unit was...

  • An aerial view of the London Stock Exchange Paternoster Square

    CNBC takes a look how the Deutsche Boerse-LSE deal could reorder the major players in the sector.

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek bankruptcy protection as it did not have enough funds to continue operations. Peabody's shares have crashed from their record high of more than $1,300 in 2008 to $4.01 as of Tuesday's close, reflecting the downturn in the coal market over the past few years. As of Dec. 31, the company...

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, said it may have to seek Chapter 11 bankruptcy protection after it delayed an interest payment due on Tuesday. Peabody, which flagged bankruptcy risk under the "risk factors" section of a regulatory filing on Wednesday, said it skipped a $71.1 million interest payment on its senior notes, kicking off a 30-...

  • March 16- Peabody Energy Corp, the largest U.S. coal producer, raised substantial doubt about its ability to remain as a going concern and said it may need to seek Chapter 11 bankruptcy protection, after it delayed an interest payment. Peabody said it skipped a $71.1 million interest payment on its senior notes due on Tuesday, kicking off a 30- day grace period.

  • BEIJING, March 16- China's Premier Li Keqiang defended the government's economic policies on Wednesday, vowing there would be no mass layoffs and no hard landing for the world's second-largest economy even as the government presses ahead with painful reforms. While conceding that downward pressure is increasing, Li and other top officials at the annual...

  • BEIJING, March 16- China will try to avoid mass layoffs as it restructures the steel and coal sectors, even as it pushes ahead with economic reforms, Premier Li Keqiang said.

  • CHICAGO, March 15- Caesars Entertainment Corp and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals that a court-ordered examiner said Tuesday led to a $18 billion bankruptcy protection filing by the casino company's operating unit. Richard Davis and a team of lawyers have spent a year...

  • NEW YORK, March 15- Attorneys for customers suing General Motors Co over faulty ignition switches urged a U.S. appeals court on Tuesday to throw out bankruptcy court rulings that they say shield the company from lawsuits potentially worth billions of dollars. A panel of three judges on the 2nd U.S. Circuit Court of Appeals did not clearly indicate during oral...

  • *To create 300 similar jobs in India. LONDON, March 15- Royal Bank of Scotland plans to eliminate almost 500 UK-based jobs in its investment bank in an effort to cut costs, a source familiar with the matter said on Tuesday. At the same time, the bank will be creating about 300 similar roles in India, the person said.

  • March 15- U.S. oil-and-gas producer Linn Energy LLC said a Chapter 11 bankruptcy filing may be "unavoidable".

  • Peabody Energy Corp, the largest U.S. coal producer, said this month that its lenders are pushing to restructure its $6 billion debt through bankruptcy. Foresight Energy reported a net loss of $64.3 million, or 44 cents per limited partner unit, for the fourth quarter, compared with a profit of $31.1 million, or 22 cents per limited partner unit, a year earlier.

  • *Toshiba says in talks with other companies, but nothing decided. March 15- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. Toshiba granted Canon Inc exclusive negotiating rights for its medical equipment unit,...

  • March 14- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. The deal is expected to fetch tens of billions of yen, the Japanese business daily reported. Toshiba granted Canon Inc exclusive negotiating rights for its...

  • GT ADVANCED SAYS TO EMERGE FROM BANKRUPTCY AS SOON AS. March 14- GT Advanced Technologies, a sapphire glass maker, said it expected to emerge from Chapter 11 bankruptcy "as soon as possible." GT Advanced filed for Chapter 11 bankruptcy in October 2014 after the company's scratch-resistant sapphire glass was left out of Apple Inc's iPhone 6 and 6 plus.