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*Raised $1.2 bln from investors, but cash has dwindled to $30 mln. DETROIT, April 5- Fisker Automotive, the struggling, government-backed hybrid sports car maker, said on Friday that it terminated most of its rank-and-file employees, in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing.
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*Raised $1.2 bln from investors, but cash has dwindled to $30 mln. DETROIT, April 5- Fisker Automotive, the struggling, government-backed hybrid sports car maker, said on Friday that it terminated most of its rank-and-file employees, in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing.
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CHICAGO, April 5- Caterpillar Inc said on Friday it was laying off 460 workers at a U.S. plant that makes mining equipment. Caterpillar, which had already implemented temporary layoffs and line shutdowns as well as a shortened work week in Decatur, said the permanent layoffs were needed to "bring production in line with demand."
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*MF Global trustee says expects former customers to be made whole. NEW YORK, April 5- MF Global on Friday won court approval of a plan to liquidate its assets, pay back creditors and end the $40 billion bankruptcy that rocked the financial world in 2011..
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Spanish fishing company Pescanova said early on Friday it would file for insolvency after failing to reach an agreement with its creditors.
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LOS ANGELES, April 4- Walt Disney Co expects to begin layoffs at its studio and consumer product divisions within the next two weeks, according to two people with knowledge of the matter, in the latest cost-reduction step to emerge from a company-wide review.
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ARLINGTON, Va.-- Language software company Rosetta Stone Inc. said Thursday that it will close its last 56 U.S. kiosk locations as it shifts to a fully online business model. It will cut around 245 jobs as part of the move. On Tuesday it bought online language-learning company Livemocha for $8.5 million.
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April 4- Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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NEW YORK, April 4- The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.
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NEW YORK, April 4- The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.
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NEW YORK-- Shares of Abercrombie& Fitch Co. rose Wednesday on optimism about its international expansion plans and focus on boosting profitability. THE SPARK: The teen clothing retailer said in its annual report filed late Tuesday that it plans to open Abercrombie& Fitch flagship locations in Seoul and Shanghai and about 20 international Hollister stores.
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ROCHESTER, N.Y.-- Eastman Kodak Co. said Tuesday that it elected James Continenza to its board of directors. Eastman Kodak filed for Chapter 11 bankruptcy protection in January 2012 and hopes to emerge from court protection this summer.
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PERTH, April 2- Exxon Mobil and BHP Billiton are planning to build the world's largest floating liquefied natural gas processing and export plant off the northwestern shore of Australia, despite growing concerns about the cost competitiveness of the country's LNG projects.
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NEW YORK-- Quicksilver Resources' stock surged in Monday afternoon trading as the natural gas producer agreed to sell a 25 percent stake in its Barnett Shale oil and gas assets to a subsidiary of Tokyo Gas Co. for $485 million.
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CHEEKTOWAGA, N.Y.-- Thirty-six people will lose their jobs when DRS Technologies closes its Buffalo- area location over the summer. The Arlington, Va.- headquartered company filed a notice with the New York Labor Department Thursday saying the layoffs will occur between the end of June and Sept. 30, when the Cheektowaga office will close.
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*Argentina vows to pay restructured bonds no matter what. NEW YORK/ BUENOS AIRES, March 30- Argentina challenged a U.S. court over the weekend by proposing that "holdout" bond investors be repaid only about one sixth the money federal judges hearing the case say they are owed, setting the stage for a legal showdown in New York.
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Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
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*Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.
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French drugmaker Sanofi SA said Friday that it's building a new medicine factory in Vietnam to supply drugs to that country and others in the region. Paris- based Sanofi said it plans to spend about $75 million to build the factory in Ho Chi Minh City.
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The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
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*Accuses Europe of trying to experiment with Cyprus. NICOSIA, March 29- The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate.