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  • AP Top Extended Financial Headlines At 1:15 p.m. EDT Tuesday, 22 Apr 2014 | 1:15 PM ET

    In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B Stocks gain amid earnings reports and deal news; Allergan, Netflix jump Labor Department: Job market improved for 2013 college grads but remained weak McDonald's 1st- quarter profit slips as sales remain weak; April' modestly positive' Cable TV provider Comcast posts 30 percent rise in 1st quarter profit, cites NBC results General Motors asks bankruptcy court for protection from ignition claims before bankruptcy GM adding safety investigators, restructuring engineering organization in response to recall Electronic cigarette biz awaits federal rules that will likely curb marketing, set standards Harley-Davidson 1 Q earnings jump 18.7 percent as motorcycle sales rise, efficiencies take hold

  • AP Top Extended Financial Headlines At 12:06 p.m. EDT Tuesday, 22 Apr 2014 | 12:06 PM ET

    General Motors asks bankruptcy court for protection from ignition claims before bankruptcy In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B Stocks gain amid earnings reports and deal news; Allergan, Netflix jump Labor Department: Job market improved for 2013 college grads but remained weak McDonald's profit slips as sales remain weak; April' modestly positive' Cable TV provider Comcast posts 30 percent rise in 1st quarter profit, cites NBC results Electronic cigarette biz awaits federal rules that will likely curb marketing, set standards Harley-Davidson 1 Q earnings jump 18.7 percent as motorcycle sales rise, efficiencies take hold Sales of US existing homes fell in March to lowest level in 20 months in face of rising prices

  • April 22- The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

  • AP Top Extended Financial Headlines At 11:24 p.m. EDT Tuesday, 22 Apr 2014 | 11:13 AM ET

    In latest cycle, drugmakers use deals to narrow focus to boost prospects, satisfy shareholders Labor Department: Job market improved for 2013 college grads but remained weak General Motors asks bankruptcy court for protection from ignition claims before bankruptcy GM adding safety investigators, restructuring engineering organization in response to recall Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Stock market pushed higher by corporate deal news and solid earnings; Allergan, Netflix jump Survey shows China manufacturing activity shrinks for 4th straight month but at slower pace Government says average airfare rose less than 1 percent to $381 per trip in 4 Q 2013 AT&T had strong 1st quarter on appeal of wireless installments plans

  • April 22- General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would defer the reopening of its Quintette coal mine in British Columbia and cut 600 jobs, or 5 percent of its global workforce, after a 78.4 percent fall first-quarter net profit.

  • ZURICH, April 22- Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. Novartis said it had agreed to acquire GSK's oncology products for a $14.5 billion payment.

  • GM seeks court protection against ignition lawsuits Tuesday, 22 Apr 2014 | 1:51 AM ET

    April 22- General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be sued in violation of this Court's Sale Order and Injunction for economic damages relating to vehicles and parts sold by Old GM?"

  • WASHINGTON, April 22- The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare bankruptcy.

  • Genco said on Monday Baltic Trading Ltd, a company formed by Genco, and its units are not included in the restructuring program. Genco listed total assets of about $2.46 billion and liabilities of $1.46 billion, as of Feb. 28, according to its bankruptcy petition.

  • Genco Shipping files for bankruptcy protection Monday, 21 Apr 2014 | 1:40 PM ET

    April 21- Genco Shipping& Trading Ltd said it filed for Chapter 11 bankruptcy protection after struggling with weak rates due to an oversupply of vessels. The company said earlier this month it would file for bankruptcy as part of a deal with lenders. Genco said it expects its operations to continue normally.

  • Genco files for Chapter 11 bankruptcy protection Monday, 21 Apr 2014 | 1:26 PM ET

    NEW YORK— Drybulk shipper Genco Shipping filed for Chapter 11 bankruptcy protection on Monday as it tries to reorganize its business and reduce debt. The New York company says it has about $1.3 billion in debt.

  • Nike lays off some Fuelband staff Monday, 21 Apr 2014 | 12:59 PM ET

    NEW YORK— Athletic gear maker Nike said it laid off some staffers who worked on its Fuelband digital fitness products. Nike Inc. launched its Nike+ FuelBand, a bracelet that tracks movement, in 2012 and introduced a newer model, the FuelBand SE, in November 2013. The band tracks movement and translates it into what Nike calls "Fuel."

  • Calpine agrees to sell 6 power plants for $1.57B Monday, 21 Apr 2014 | 9:36 AM ET

    NEW YORK— Calpine Corp. said Monday that it has agreed to sell six of its power plants, including two in Alabama, to privately-held LS Power Equity Advisors for $1.57 billion. Houston- based Calpine plans to use the money to pay down debt, acquire other sites or buy back its stock, said CEO Jack Fusco.

  • Mt. Gox CEO won't answer questions in US Saturday, 19 Apr 2014 | 11:47 AM ET
    Mark Karpeles, chief executive officer of Tibanne Co., poses for a photograph with a bitcoin in the office operating the Mt.Gox K.K. bitcoin exchange in Tokyo, Japan.

    Mark Karpeles, the CEO of Mt. Gox, said he would not come to the US to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case

  • April 14- Mark Karpeles, the chief executive of Mt. Gox lawyers cited a subpoena from the U.S. Department of Treasury's Financial Crimes Enforcement Network, which has closely monitored virtual currencies like bitcoin. The court papers also said a Japanese court had been informed of the issue and that a hearing was scheduled on Tuesday in Japan.

  • Judge says American can't end retiree benefits yet Friday, 18 Apr 2014 | 5:09 PM ET

    DALLAS— A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. On Friday, U.S. Bankruptcy Court Judge Sean Lane in New York rejected a request made by American's former parent, AMR Corp., for the right to immediately eliminate retiree benefits for former pilots, flight attendants and other union workers.

  • Philadelphia chocolate store: Tax issue resolved Friday, 18 Apr 2014 | 11:23 AM ET

    PHILADELPHIA— A Philadelphia chocolate maker and candy store says it has resolved a tax issue that threatened to shutter the establishment days before Easter. Blasius Chocolate Factory says on its Facebook page that the problem had been solved and the store "is open now forever.

  • Gox, once the world's biggest bitcoin exchange, is likely to be liquidated after a Tokyo court dismissed the company's bid to resuscitate its business, the court appointed administrator said on Wednesday.

  • DETROIT, April 17- The federal judge overseeing Detroit's historic bankruptcy case has revived the idea of a regional water authority and also suggested the city may need court oversight after it emerges from bankruptcy.

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