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  • Dec 15- GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire maker told a court on Monday. The new terms should be worth $50 million more than the original settlement, according to an attorney for GT noteholders, providing financing...

  • Safran opens composites plant for LEAP jet engine Monday, 24 Nov 2014 | 9:54 AM ET

    COMMERCY, France, Nov 24- French President Francois Hollande on Monday inaugurated a $200 million Safran plant in eastern France designed to make carbon-composite parts for its new LEAP aircraft engine. LEAP is the latest engine produced by the CFM International joint venture between Safran and General Electric, and will power the next generation of Boeing...

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...

  • WASHINGTON, Nov 13- An influential group of U.S. lawmakers, including John McCain, in line to become the head of the Senate's powerful Armed Services Committee, on Thursday pledged to thwart the Pentagon's plans to retire the U.S. fleet of A-10 "Warthog" aircraft. The Pentagon, facing mandatory "sequestration" budget cuts, has sought to eliminate all of the...

  • LOS ANGELES, Nov 10- Saving for college can be tough, but many families do not tap a potentially generous resource: relatives and friends. "I think people can feel comfortable going out and saying they prefer gifts that are more meaningful," said Erin Condon, vice president of Upromise, a college savings and cash rewards program, run by Sallie Mae.

  • Nov 6- Genworth Financial Inc lost more than a third of its market value after the life and mortgage insurer said a turnaround in its long-term care business would take longer than expected and posted a surprise quarterly loss. Shares of Genworth, the largest long-term care insurer in the United States, fell as much as 38 percent, wiping out about $2.7 billion of...

  • NASHUA, New Hampshire, Nov 2- Long viewed as an ally by Wall Street, likely 2016 presidential contender Hillary Clinton has increasingly been taking banks and big business to task while on the campaign trail for Democrats across the country. It comes days before Tuesday's midterm elections and as Clinton ramps up her political activity ahead of a probable White...

  • DENVER, Oct 29- Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. But NextGen and other green groups are not talking about climate change as much as one would expect. NextGen and other green groups say they're simply doing what it takes to elect the candidates they support.

  • Oct 29- Dow Jones& Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy. GT Advanced, which supplied sapphire material to Apple to make smartphone screens, filed for Chapter 11 protection earlier this month and refused to...

  • Oct 29- Dow Jones& Co Inc, publisher of the Wall Street Journal, has asked a court to deny a request by Apple Inc and GT Advanced Technology Inc to keep under seal some documents relating to GT Advanced's bankruptcy. GT Advanced, which supplied sapphire material to Apple to make smartphone screens, filed for Chapter 11 protection earlier this month under mysterious...

  • DENVER, Oct 29- Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. But NextGen and other green groups are not talking about climate change as much as one would expect. NextGen and other green groups say they're simply doing what it takes to elect the candidates they support.

  • Oct 21- Apple and GT Advanced Technologies Inc struck an agreement on Tuesday that will let GT begin the shutdown of key Arizona operations, and shed some more light on why the former stock market darling abruptly filed for bankruptcy this month. A lawyer for GT, Apple's erstwhile sapphire supplier, described the deal at a hearing in U.S. Bankruptcy Court in...

  • *Q2 new enrollments fall 8.1 pct vs forecast of 10-15 pct. Oct 17- ITT Educational Services Inc said an increase in scholarships helped it sign up more students than previously forecast in the quarter ended June, offering some relief to the struggling U.S. for-profit education sector. Shares of other for-profit education providers, including Corinthian...

  • NEW YORK, Oct 12- For Federal Reserve officials already worried about a persistent lack of U.S. wage and price growth, one corner of the bond market may be suggesting even more reason for alarm. The Treasury Inflation Protected Securities market is suggesting price stagnation may be just around the corner. Slowing global growth, particularly because of weakness...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • MANCHESTER, N.H., Oct 9- GT Advanced Technologies Inc on Thursday revealed it intends to wind down sapphire production, cutting short its once-promising bid to supply the scratch-resistant material for Apple Inc's iPhones and other mobile devices. Scant information has emerged since GT Advanced filed unexpectedly for bankruptcy on Monday, wiping out most of...

  • MANCHESTER, New Hampshire, Oct 9- Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and asked a court to keep crucial documents sealed, a highly unusual move that may keep investors in the dark about its unexpected financial implosion. GT Advanced forged a deal last year with Apple that involved...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and is asking the court to keep crucial documents sealed, a highly unusual situation that may keep investors in the dark as to the cause of its financial implosion. The company, which had been slated to provide Apple with scratch-resistant...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc told a U.S. court it was barred from disclosing why it filed for bankruptcy, saying the company was "tied up in knots" by a confidentiality agreement. GT Advanced has a deal with Apple that involves outfitting an Arizona factory to make scratch-resistant sapphire glass exclusively for the iPhone maker.