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  • *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.

  • March 14- Cosmetics maker Avon Products Inc said on Monday it would cut about 2,500 jobs worldwide and shift its corporate headquarters to the UK as part of its three-year turnaround plan. The company sold most of its North American business to Cerberus Capital, its biggest investor, after four years of falling sales. Avon said it would maintain its current...

  • Cemex, which is saddled with high dollar-denominated debt, and is in the midst of a major asset-selling plan, hopes to raise as much as 39.745 billion pesos in the IPO of Cemex Holdings Philippines Inc, in what would be the Philippines' biggest IPO. He also said Cemex is in talks to sell U.S. assets, such as a pipe factory, and that it could also shed holdings in Europe and...

  • NEW YORK, March 14- The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc and Energy XXI Ltd reach the end of grace periods following millions in missed interest payments. The three oil and gas exploration and production companies with operations across the United States, said they would skip a...

  • BRUSSELS, March 14- Spanish airline Iberia is preparing new job cuts to reduce costs after completing the current redundancy program, its chairman Luis Gallego said on Monday. After that Iberia will seek a new agreement with the unions for additional voluntary job losses for older employees close to retirement, Gallego said at an event organized by the...

  • *Safran holding investor meeting in London. LONDON, March 14- France's Safran said on Monday it was talking to potential buyers of its airport explosives detection business, and announced a strategic review of the rest of its identity and security activities as it focuses on aviation and defence. Presenting 2015 results in February, Chief Executive Philippe...

  • China will focus on mergers and restructuring, not bankruptcies, Xiao Yaqing, the head of the State-owned Assets Supervision and Administration Commission, told a news conference. As it tries to rejuvenate its economy, China aims to reduce the number of central government-managed enterprises and launch pilot programmes that will allow more private...

  • BEIJING, March 12- China's economic restructuring will not lead to the kind of mass layoffs that took place in the 1990 s, the country's state assests regulator said on Saturday. China will focus on mergers and restructuring, not bankruptcies, Xiao Yaqing, the head of the the State-owned Assets Supervision and Administration Commission, told a news conference.

  • *Guangdong scrapping rises in minimum wage through 2018. BEIJING, March 12- China's labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages. Now policymakers anxious to modernise...

  • March 11- Credit Suisse Group AG said it would lay off 163 employees at its New York office, as part of a restructuring plan under new Chief Executive Tidjane Thiam. Credit Suisse, Switzerland's second-biggest bank, made a total of around 200 redundancies in its London- based operations last month. The Zurich- based bank said in February it had accelerated cost...

  • BERLIN, March 11- Thai Airways International PCL, halfway through a restructuring plan, has not yet agreed with Airbus and Boeing on delivery deferrals for aircraft it no longer needs as it tries to fill seats on its existing planes, its president told Reuters on Friday. Thai Airways is one of several state-controlled companies undergoing reform since the Thai...

  • OSLO/ FRANKFURT, March 11- Swedish utility company Vattenfall is struggling to attract buyers for its lignite mines and power plants in eastern Germany with less than a week left to submit binding offers, sources close to the matter said on Friday. The sale, launched at the end of 2014, includes roughly 8,100 megawatt of lignite-fired plants, which generate about...

  • *Guangdong scrapping rises in minimum wage through 2018. BEIJING, March 11- China's labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages. The export powerhouse province of Guangdong, a...

  • BRUSSELS/ FRANKFURT, March 10- Belgian holding company Gimv said on Thursday that it and other shareholders had agreed to sell automotive system supplier Punch Powertrain to Chinese group Yinyi. Earlier this month, Yinyi agreed to buy another automotive asset, air bag inflator ARC Group. Yinyi may list Punch on the stock exchange in China in the medium term, the...

  • March 10- Yahoo Inc said it appointed two independent directors, returning the size of its board to nine people as it explores the sale of its core business amid pressure from activist investors. The new directors are former Morgan Stanley healthcare and biotech banker Catherine Friedman and former Broadcom Corp Chief Financial Officer Eric Brandt, the...