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  • Oct 8- A U.S. bankruptcy court approved Patriot Coal's restructuring plan at a hearing on Thursday, including the sale of a major part of its mines and coal reserves to privately held Blackhawk Mining of Lexington, Kentucky. Patriot Coal, based in Scott Depot, West Virginia, filed for bankruptcy in May, its second in three years, listing assets and liabilities of more...

  • Oct 6- Bankrupt miner Patriot Coal Corp, which is in the midst of auctioning off its assets, has issued a new WARN notice to its employees. Patriot Coal expects to lay off more than 2,000 workers in West Virginia, the Associated Press reported Tuesday. The new WARN notice from Patriot Coal extended the period from the original WARN notice issued on Aug. 3, 2015, because...

  • SAO PAULO/ BRASILIA, Oct 1- Brazil's banks are ready to withstand extreme external shocks such as sudden fluctuations in currency and interest rates and a pronounced decline in property assets or borrower creditworthiness, the central bank said on Thursday, as the country braces for two straight annual contractions for the first time in 80 years.

  • LONDON/ JOHANNESBURG, Sept 29- Debt-laden Glencore may unload all its agricultural assets instead of just a stake, analysts said, but the commodity group is unlikely to expand its divestment programme to include top mines. On Tuesday, Glencore shares bounced and the group said it was "operationally and financially robust". Earlier this month, Glencore outlined a...

  • *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Unprecedented shareholder pressure over the past six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global...

  • Glencore slump spoils commodity trader appetite for IPOs Wednesday, 23 Sep 2015 | 6:20 AM ET

    *Olam, Noble, Glencore experiences urge caution. LONDON, Sept 23- Two shareholder revolts in the space of six months at listed commodities firms Noble and Glencore have taught their private rivals an unforgettable lesson- think twice before going public or amassing large physical assets. Noble's stock is trading near its lowest since the 2008 global financial...

  • Sept 22- Patriot Coal said Blackhawk Mining won a bankruptcy auction for the majority of its assets but did not disclose the terms. Lexington, Kentucky- based Blackhawk had agreed to act as the initial, or stalking horse, bidder for Patriot's assets, which include mines in West Virginia and reserves in other states. The sale is subject to approval by the U.S....

  • Sept 22- Bankrupt Patriot Coal Corp asked a U.S. judge to allow it to end its obligation for retiree healthcare for its non-union employees, saying no potential buyer of its assets would agree to take on the cost. "No purchaser of the debtors' assets is willing to assume these obligations," the company said in a filing late Monday with the U.S. Bankruptcy Court in...

  • Sept 17- Oil and gas producer Samson Resources Corp filed for Chapter 11 bankruptcy protection on Wednesday to carry out a debt-cutting plan reached with key lenders, who will assume control of the company. The company, owned by private-equity firm KKR& Co, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The plan must be approved by...

  • Samson Resources files for bankruptcy Wednesday, 16 Sep 2015 | 11:59 PM ET

    Sept 16- Oil and gas producer Samson Resources Corp filed for Chapter 11 bankruptcy protection on Wednesday to carry out a debt-cutting plan reached with key lenders, who will assume control of the company. The company, owned by KKR& Co, listed assets and liabilities of more than $1 billion in its bankruptcy filing. The case is in U.S. Bankruptcy Court, District of...

  • *Net assets of China stock funds down 44 pct in Aug. SHANGHAI, Sept 15- China shares extended this week's losses to more than 5 percent on Tuesday as investors worried about the slowing economy. Stocks fell across the board for a second day even after China's securities regulator tried to soothe investors late on Monday by saying that an ongoing crackdown on...

  • GE continues to shed assets Friday, 11 Sep 2015 | 8:00 AM ET
    GE continues to shed assets

    General Electric agreed to sell the transportation finance unit of GE Capital to BMO Financial Group.

  • FRANKFURT, Sept 11- John Cryan, Deutsche Bank's new chief executive, will not present "big bang" reforms at a weekend supervisory board retreat, rather an acceleration of existing plans to shed assets and exit countries. The group's 19- member top oversight body began a three-day meeting late on Thursday set to be held at the luxury Alpine resort near the Tegernsee...

  • FRANKFURT, Sept 10- John Cryan, Deutsche Bank's new chief executive, will not present "big bang" reforms when the supervisory board gathers Thursday evening, rather an acceleration of existing plans to shed assets and exit countries. The group's 19- member supervisory board convened for a three-day retreat planned for the luxury Alpine resort near the...

  • TOKYO, Sept 10- Asian stocks fell on Thursday after U.S. stocks retreated overnight and as Japan machinery orders unexpectedly shrank, deflating investors' appetite for riskier assets. Concerns about slowing global growth also weighed on sentiment, with the New Zealand dollar tumbling after its central bank cut interest rates and signalled it may ease...

  • LAGOS, Sept 8- JP Morgan will remove Nigeria from its Government Bond Index by the end of October, the bank said on Tuesday, after warning the government of Africa's biggest economy that currency controls were making transactions too complicated. The JP Morgan index tracks around $210 billion in assets under management. Nigeria became the second African...

  • *Glencore tackles debt with dividend suspension, share sale. *Glencore shares vs copper: http://link.reuters.com/tut55w. Sept 7- Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid...

  • LONDON, Sept 7- European shares bounced back on Monday from sharp declines in the previous session, boosted by mining and commodities trading firm Glencore which rose after announcing plans to cut its debt. Glencore shares surged 8 percent, the top gainer in Europe, after the company said it will suspend dividends, sell assets and raise $2.5 billion in a new share...

  • *Glencore tackles debt with dividend suspension, share sale. JOHANNESBURG, Sept 7- Mining and commodities trading firm Glencore announced on Monday it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year. Glencore said on Monday 78 percent of the proposed share issue...

  • AMSTERDAM, Sept 1- The Netherlands' Central Bank on Tuesday gave Dutch pension funds, which include some of the largest in the world, 12 years to rectify low funding ratios. In the past, funds had been required to repair their funding ratios- their current estimated assets compared with their estimated future obligations- within three years by cutting pension...