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  • PARIS, Aug 29- Russia's top carmaker Avtovaz plans to reduce staff numbers to 30,000 by 2020 from 55,000 to boost competitivity, finance head Evgeny Belinin told France's Les Echos daily business newspaper at the Moscow motor show.

  • *Malaysia Airlines to cut staff by 30 pct to 14,000. KUALA LUMPUR, Aug 29- Malaysia Airlines, the country's loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit, majority investor Khazanah Nasional said.

  • KUALA LUMPUR, Aug 29- Malaysia Airlines will cut 30 percent of its workforce as part of a restructuring that will cost 6 billion ringgit, majority investor Khazanah Nasional said on Friday.

  • Malaysia Airlines to cut 6,000 staff in overhaul Friday, 29 Aug 2014 | 3:16 AM ET

    KUALA LUMPUR, Malaysia— Malaysia Airlines will cut 6,000 workers as part of a $1.9 billion overhaul announced Friday to revive its damaged brand after being hit by double passenger jet disasters.

  • *Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.

  • PARIS, Aug 28- French media group Vivendi said it would enter into exclusive talks with Telefonica over the sale of its Brazilian broadband unit GVT, siding with the Spanish group over a rival bid from Telecom Italia.

  • Vivendi, Telefonica in talks over Brazil business Thursday, 28 Aug 2014 | 5:02 AM ET

    MADRID— French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros from 6.7 billion euros.

  • Bankrupt Energy Future will soon propose auction process Wednesday, 27 Aug 2014 | 5:25 PM ET

    Aug 27- Energy Future Holdings, the big Texas power company that filed for bankruptcy in April, said it will present a proposal for auctioning the company after it scrapped an earlier plan to exit Chapter 11 under control of unsecured creditors.

  • South Korea's Kia to invest $1 billion in Mexico Wednesday, 27 Aug 2014 | 4:58 PM ET

    MEXICO CITY— South Korea's Kia Motors Corp. said Wednesday it will invest more than $1 billion to build a car factory in northern Mexico that is expected to begin production in 2016..

  • Aug 27- A New York- based specialty finance group is ready to loan Detroit as much as $4 billion, double its previous offer, if the bankrupt city uses the masterpieces in its art museum as collateral, according to a new proposal that surfaced this week.

  • Court approves sale of Crumbs Bake Shop Wednesday, 27 Aug 2014 | 3:02 PM ET

    NEW YORK— A federal bankruptcy court has approved the sale of cupcake chain Crumbs, which closed down its stores in July, to a group that includes investor and reality TV star Marcus Lemonis. The order from Judge Michael Kaplan of the U.S. Bankruptcy Court for the District of New Jersey was entered Wednesday.

  • NEW YORK, Aug 27- Dow Chemical Co has kicked off processes to sell two of its specialty chemicals subsidiaries that could fetch close to $2 billion combined, according to people familiar with the matter, part of its effort to divest several billion dollars worth of non-core assets by 2015..

  • Bankrupt Detroit offered bigger loan secured by art Wednesday, 27 Aug 2014 | 12:15 PM ET

    Aug 27- A New York- based specialty finance group is ready to loan Detroit as much as $4 billion, double its previous offer, if the bankrupt city uses the masterpieces in its art museum as collateral, according to a new proposal that surfaced this week.

  • *China developers seeking new capital sources as liquidity tightens. HONG KONG, Aug 27- Global private equity firm Carlyle Group is in talks with China Vanke Co Ltd to acquire some of Vanke's commercial properties through assets or shares acquisition, the biggest Chinese property developer said on Thursday.

  • KUALA LUMPUR, Aug 28- As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.

  • The bondholders would participate in a $600 million rights offering, while JPMorgan Chase& Co would supply a $1.3 billion loan.

  • KUALA LUMPUR, Aug 27- As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.

  • The session will include bond insurers that guaranteed payment on the COPs- Syncora and Financial Guaranty Insurance Co.. In an Aug. 12 court filing, Syncora lashed out at mediators, including Rosen, who brokered the grand bargain, which is also aimed at protecting the museum's artwork from being sold to pay Detroit creditors.

  • Turner Broadcasting offering buyouts Tuesday, 26 Aug 2014 | 11:23 AM ET

    NEW YORK— The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta- based broadcasting company founded by Ted Turner. Turner Broadcasting chief executive John Martin has been talking for several months about a restructuring plan he has called Turner 2020..

  • JOHANNESBURG/ LONDON, Aug 25- The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike.