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  • SHANGHAI, Jan 14- Just how worried should the commodity sector be about China? The threat of the yuan dropping more than 10 percent to above 7 to the dollar and concern that there will be little progress in restructuring zombie state-owned companies in the mining, steel, aluminium and industrial sectors were the top two concerns among investors at the UBS Greater...

  • SAN FRANCISCO, Jan 13- Famed U.S. gun maker Colt Defense LLC said on Wednesday it has emerged from bankruptcy after concluding a financial restructuring in which it reduced its debt by about $200 million. Dennis Veilleux, Colt's president and chief executive officer, said in a statement that Colt, which raised $50 million in new capital, would come out of Chapter 11...

  • Jan 13- Gunmaker Colt Defense LLC said on Wednesday it completed its financial restructuring and emerged from bankruptcy. The company said it executed a long-term lease for its West Hartford, Connecticut facility, control of which had been a point of contention with bondholders during the bankruptcy process. Colt filed for Chapter 11 protection in June due to...

  • TORONTO, Jan 13- Canada's Shaw Communications Inc said on Wednesday that it would sell its media unit to Corus Entertainment Inc for C $2.65 billion, gaining funding for its Wind Mobile purchase and sending its shares up nearly 7 percent. Corus, which operates a network of Canadian radio stations and prominent children's television channels including YTV,...

  • *Sees restructuring cash costs of no greater than 10 mln stg. *Sees saving of 10 mln stg annually, starting from H2. Jan 13- Fenner Plc will cut a fifth of the workforce at its conveyor belt business in the Americas as it attempts to weather a prolonged slump in demand for U.S. coal.

  • Jan 12- Printing services company Lexmark International Inc is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, according to people familiar with the matter. Last year it bought Kofax Ltd for about $1 billion, a company which provides data services to financial, insurance and...

  • NEW YORK, Jan 12- Puerto Rico could face widespread blackouts if its power utility, PREPA, runs out of cash, the company's chief restructuring officer told a congressional panel on Tuesday, arguing that the utility needs access to federal bankruptcy law to help close a deal to restructure its debt. PREPA's Lisa Donahue told the House Committee on Natural...

  • Starbuck's pumpkin spiced latte.

    Starbucks said it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy.

  • HONG KONG, Jan 12- Starbucks Corp, the world's largest coffee chain, said on Tuesday it aims to open 500 stores in China this year, shrugging off a slowdown in the world's second-largest economy that has hit global retailers. Starbucks executives have said they have not seen a systemic slowdown in China, even as the country's cooling economy has been blamed for soft...

  • TOKYO, Jan 12- A $3 billion restructuring plan for Japanese electronics firm Sharp Corp is likely to be finalized as early as this week, a person with direct knowledge of the discussions said on Tuesday. State-backed fund Innovation Network Corporation of Japan is leading the bailout, which would be Sharp's third major package in three years, and would invest...

  • SAO PAULO, Jan 11- Requests for bankruptcy protection in Brazil soared 55 percent last year to a record as the steepest recession in a quarter century and the highest borrowing costs in nine years squeezed factories, retailers and other business, credit research company Serasa Experian said on Monday. Filings rose to 1,287 last year from 828 in 2014, according...

  • CHICAGO, Jan 11- Arch Coal, the second-largest U.S. coal miner, filed for Chapter 11 bankruptcy protection on Monday with a plan to cut $4.5 billion in debt from its balance sheet in the midst of a prolonged downturn in the coal industry. Missouri- based Arch Coal has been saddled with debt since its $3.4 billion acquisition of International Coal Group in 2011, which...

  • LONDON/ SKOPJE, Jan 11- British luxury carmaker Aston Martin, which is deciding where to build a new plant to expand its product range and return to profitability, is considering a site in Macedonia, two sources familiar with the matter said. "Macedonia is a recent and late contender having been previously ruled out," one of the sources said. A senior government...

  • PARIS/ FRANKFURT, Jan 11- French private equity firm Ardian is seeking to profit from a shake-up of the oil industry after raising a record 2.65 billion euros infrastructure fund. "As an indication of the change, Saudi Aramco has announced to divest stakes of some oil-related assets and we will look at them," he said, adding the new fund could invest 20 percent of its...

  • LONDON/ SKOPJE, Jan 11- British luxury carmaker Aston Martin, which is deciding where to build a new plant to expand its product range and return to profitability, is considering a site in Macedonia, two sources familiar with the matter said. "Macedonia is a recent and late contender having been previously ruled out," one of the sources said. A senior government...

  • Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. The Missouri- based company was widely expected to go bankrupt after delaying a $90 million interest payment due...

  • Jan 11- Arch Coal Inc, the second-largest coal miner in the United States, and its domestic subsidiaries filed for Chapter 11 bankruptcy to facilitate a restructuring with a group of lenders that hold more than 50 percent of its debt, the company said. Arch Coal said on Monday it reached an agreement with its lenders that will eliminate more than $4.5 billion in...

  • Molycorp has said in filings with the U.S. Bankruptcy Court in Wilmington, Delaware, it had received 20 potential bids. On Tuesday, Bloomberg reported that potential buyers from China and Australia submitted nonbinding bids of more than $700 million for Molycorp's processing operations. The auction would include the company's closed mine in Mountain Pass,...

  • Sequenom, whose bid to restore a prenatal DNA test patent was rejected by a U.S. court last month, raised expected cost savings to more than $20 million annually from over $10 million estimated earlier. The U.S. appeals court had said in June the prenatal DNA test patent was not eligible for legal protection because it fell under the U.S. Supreme Court's rule...

  • Jan 7- Diagnostic device maker Sequenom Inc said on Thursday it will cut 110 jobs, or about 20 percent of its workforce, and divest its North Carolina operations.