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  • NEW YORK, Feb 11- James Garrity, a partner in the law firm Morgan Lewis& Bockius, is returning to the bench as a U.S. bankruptcy judge in New York after more than a 15- year absence, court officials announced on Wednesday. Bankruptcy Judge Allan Gropper on Feb. 17, according to the 2nd U.S. Circuit Court of Appeals, which oversees bankruptcy judge succession in the...

  • *Prada opens 250 stores in past three years, plans 30-35 in 2015. Prada is learning that lesson the hard way. The trend in luxury goods is to drum up same store sales by curbing expansion and wowing customers with new products, yet Prada continues to pay over the odds to open swanky new shops and stock them with handbags little changed from previous bestsellers.

  • Feb 10- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Wal-Mart says to invest C$340 mln in Canada Wednesday, 11 Feb 2015 | 6:14 AM ET

    Feb 11- Wal-Mart Stores Inc said it would invest about C $340 million to boost its presence in Canada this fiscal year. Wal-Mart said it would spend about C $230 million of its planned investment on 29 supercentres, including the expansion of several stores to add full grocery departments. Wal-Mart' s current fiscal year ends on Jan. 31, 2016.

  • LONDON, Feb 11- Reckitt Benckiser Group's new cost-saving plan will include some job cuts, its chief executive told reporters on Wednesday, though he declined to say how many. Chief Executive Rakesh Kapoor said the program will look at everything from how employees travel and communicate to how they buy stationary. Reckitt will combine operations in Russia and...

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • UPDATE 1-Genworth Financial loss exceeds estimates Tuesday, 10 Feb 2015 | 5:58 PM ET

    Feb 9- Genworth Financial Inc reported a quarterly loss much bigger than market estimates as it took an after-tax charge of $478 million related to long-term care active life blocks it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Feb 10- Valeant Pharmaceuticals International Inc appears poised to scoop up bankrupt cancer vaccine maker Dendreon Corp after another potential buyer dropped from the bidding process, three sources close to the sale told Reuters. Valeant, of Laval, Quebec, has agreed to pay $400 million for the assets of Seattle- based Dendreon, best known for its Provenge...

  • Valeant, of Laval, Quebec, has agreed to pay $400 million for the assets of Seattle- based Dendreon, best known for its Provenge cancer treatment.

  • NEW YORK, Feb 10- U.S. oil services company Halliburton said on Tuesday it expects to cut potentially more than 6,000 jobs across the globe because a "challenging market environment" resulting from low oil prices. Halliburton, the latest in a growing list of major oil industry companies laying off workers because of a worldwide glut of crude, said it expects to let...

  • NEW YORK, Feb 10- U.S. oil services giant Halliburton said it expects to cut between 6.5 percent to 8 percent of its global workforce due to the "challenging market environment" caused by low oil prices. Halliburton says impacts of layoffs will be across all company operations. Oil prices have halved since June due to a global glut of oil, forcing many firms to cut...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to activist investor Carl Icahn's investment company Icahn Enterprises LP for about $340 million. Icahn Enterprises said in a regulatory filing that the business acquired from Uni-Select would be operated independently from its auto parts subsidiary...

  • Feb 9- Canada's Uni-Select Inc said it would sell its U.S. auto parts distribution business to an affiliate of Icahn Enterprises LP for about $340 million. The deal includes nearly all the assets of Uni-Select USA Inc and Beck/Arnley Worldparts Inc and excludes Uni-Select's FinishMaster paint and coatings business. Uni-Select said it expected to incur an...

  • SAN JUAN/ NEW YORK, Feb 9- Puerto Rico said on Monday it would appeal a U.S. ruling that voided the island's restructuring law, saying it left it in legal limbo and struggling to find a way to manage its debt load. "We are left deprived of the only instrument available to manage our debt in an organized form," Puerto Rico Justice Secretary Cesar Miranda said in a statement.

  • WILMINGTON, Delaware, Feb 9- Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate...

  • NEW YORK, Feb 9- Puerto Rico vowed on Monday to take steps to counter a court ruling striking down a local bankruptcy law that has raised fears of a messy restructuring for the indebted U.S. commonwealth. Puerto Rico's Government Development Bank, the financing arm of the U.S. commonwealth, went on the offensive early on Monday. The ruling late on Friday came as...

  • A clinical technician holds a syringe and a vial of Allergan Botox, produced by Allergan.

    M&A experts forecast there will be more major pharma deals in 2015 — but the U.K. won’t be a focus and the deals won’t be done for tax reasons.

  • *Pakistan, like South Korea, has seen many branch closings. HONG KONG, Feb 9- Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters. The costs cuts and the shift to wealthy clients in Asia,...

  • Feb 8- Altegrity Inc, owner of the company that carried out background checks on former NSA contractor Edward Snowden and Navy Yard shooter Aaron Alexis, filed for Chapter 11 bankruptcy protection on Sunday as it implements a restructuring deal with its lenders. The company said some of its lenders, including funds managed by Third Avenue Management, Litespeed...

  • RadioShack would accept liquidation bids -lawyer Friday, 6 Feb 2015 | 4:45 PM ET

    Feb 6- A lawyer for RadioShack on Friday said the bankrupt electronics chain would accept all kinds of bids for its assets, including from liquidators, although any transaction would require court approval. RadioShack, which filed for Chapter 11 protection on Thursday, has a tentative deal to sell as many as 2,400 of its 4,100 stores to an affiliate of hedge fund...