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  • *China c.bank cuts main RRR -50 bps. BEIJING/ SHANGHAI, Feb 29- China's central bank resumed its easing cycle on Monday, injecting an estimated $100 billion worth of long-term cash into the economy to cushion the pain from job layoffs and bankruptcies in industries plagued by overcapacity. The PBOC's announcement also comes shortly before the annual meeting of...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • TOKYO, Feb 29- Struggling Toshiba Corp plans to sell its entire medical equipment unit rather than just a controlling stake, people familiar with matter said, adding that aggressive bidding could value the business at much more than initial estimates of $3.5 billion. Rising restructuring costs have prompted management to pursue an entire sale of Toshiba...

  • BEIJING, Feb 29- China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. China's coal and steel sectors employ about 12 million workers, according to data published by the National Bureau of Statistics.

  • BEIJING, Feb 29- China's Premier Li Keqiang said a 100 billion yuan fund for unemployment will mainly focus on the steel and coal sectors. Treasury Secretary Jack Lew on Monday. China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity, an official at the human resources and social security...

  • BEIJING, Feb 29- China expects to lay off 1.8 million workers in the coal and steel sectors as part of its efforts to reduce industrial overcapacity, an official at the human resources and social security ministry said on Monday. Yin Weimin, minister of human resources and social security, said capacity cuts will lead to some layoffs in 2016, but added that he was...

  • *India's biggest cement maker capacity to rise by a third. NEW DELHI, Feb 28- India's UltraTech Cement Ltd, part of the Aditya Birla conglomerate, said on Sunday it had agreed to buy Jaiprakash Associates Ltd's cement plants for an enterprise value of 165 billion rupees. Other companies interested in Jaiprakash's plants included Irish building materials group...

  • Deere shares were up about 0.06 percent at $79.66 and Caterpillar shares were 0.74 percent higher at $66.93 in late afternoon trading. Deere, a leading maker of farm and construction equipment, said 100 employees represented by the United Auto Workers will be laid off indefinitely starting April 1 at two factories in Iowa that make construction and forestry...

  • NEW YORK, Feb 26- Boeing Co said on Friday that it is considering layoffs of airplane engineers, a plan that it said may cause it to reorganize or consolidate its engineering teams, according to an internal memo seen by Reuters. "We do not intend to backfill for people who retire from their executive or management0 roles unless the position is absolutely vital to...

  • NEW YORK, Feb 26- Boeing Co said on Friday that it is considering whether to offer voluntary layoffs to its airplane engineers, according to a source familiar with the matter.

  • HOUSTON, Feb 26- Distressed asset sales are likely to dominate dealmaking in the U.S. energy industry this year as volatile oil prices put executives off major acquisitions. Last year, the Houston- based oil and gas producer spent more than $1 billion in stock and debt to buy two hometown rivals and increase its drilling opportunities. Now it is selling off some of...

  • CHICAGO, Feb 25- Regional carrier Republic Airways Holdings Inc filed for Chapter 11 bankruptcy protection on Thursday, blaming several quarters of falling revenue after having to ground aircraft amid a pilot shortage. The Indianapolis- based short-haul carrier, which feeds flights to American Airlines Group Inc, Delta Air Lines Inc and United Continental...

  • The Indianapolis- based short-haul carrier, which feeds flights to American Airlines, Delta and United brands, listed assets of $3.6 billion and $3.0 billion of liabilities, court documents showed. Republic offers approximately 1,000 daily flights to more than 100 cities in the United States, Canada, the Caribbean, and the Bahamas. The company's major...

  • Feb 25- Republic Airways Holdings Inc filed for Chapter 11 bankruptcy on Thursday, listing in court documents assets and liabilities of up to $10 billion.

  • Feb 25- Oilfield services provider Halliburton Co, pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8 percent, or by 5,000 jobs, company spokeswoman Emily Mir told Reuters on Thursday. The company had about 65,000 employees worldwide at the end of 2015, compared with more than 80,000 at Dec. 31, 2014, according to a...

  • Treasury counselor Antonio Weiss said on Thursday that without a proper restructuring regime, Puerto Rico will default and litigation will intensify, as he pushed Congress to act with legislation to help the island fix its crisis. A legislative solution for Puerto Rico, battling with $70 billion debt, may be edging closer. Puerto Rico wants access to a...

  • WEISS: PUERTO RICO CREDITORS WON'T NEGOTIATE WITHOUT RESTRUCTURING AUTHORITY.

  • Feb 25- U.S. real estate investment trust Rouse Properties Inc said Canadian asset manager Brookfield Asset Management Inc agreed to buy the company in a sweetened deal valued at about $2.8 billion, including debt. Brookfield Asset's latest cash offer of $18.25 per share represents a premium of 2.82 percent to Rouse's Wednesday close and values the real...

  • Feb 25- Real estate investment trust Rouse Properties Inc said asset manager Brookfield Asset Management Inc agreed to buy the company in a deal valued at about $2.8 billion, including debt.

  • BEIJING, Feb 25- China will allocate 100 billion yuan over two years to relocate workers laid off as a result of China's efforts to curb overcapacity in sectors like steel, the Ministry of Industry and Information Technology said on Thursday. China has vowed to tackle price-sapping supply gluts in major industrial sectors, and said earlier this month that it...