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  • March 27- Dow Chemical Co said it would separate a significant part of its chlorine business and sell it to smaller rival Olin Corp in a tax-efficient deal valued at about $5 billion. The transaction, structured as a Reverse Morris Trust deal, allows Dow to sell its non-core U.S. Gulf Coast chlor-alkali and vinyl, global chlorinated organics and epoxy assets...

  • March 27- Dow Chemical Co said it would separate most of its chlorine business and sell it to smaller rival Olin Corp in a tax-efficient deal valued at about $5 billion. The transaction, structured as a Reverse Morris Trust deal, allows Dow to sell its non-core U.S. Gulf Coast chlor-alkali and vinyl, chlorinated organics and epoxy assets without having to pay taxes.

  • Dow Chemical, Olin in $5B cash-and-stock deal Friday, 27 Mar 2015 | 7:43 AM ET

    MIDLAND, Mich.— Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion. Dow CEO and Chairman Andrew Liveris said in a statement that the Olin deal has helped the Midland, Michigan- based company exceed its target to divest $7 billion to $8.5 billion of non-strategic businesses and assets.

  • MADRID, March 27- Andorra will create a' bad bank' to group the assets of Banca Privada d' Andorra linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system. Andorra, a small mountainous state whose economy relies heavily on financial services, took control of BPA this month after the U.S....

  • Nevada casino regulators scold Caesars for bankruptcy Thursday, 26 Mar 2015 | 6:02 PM ET

    LAS VEGAS— Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.' s debt-heavy subsidiary an embarrassment and lamented the company's inability to pay 63 former executives some $33 million in promised pension payments. The Nevada Gaming Commission pressed Caesars executives Thursday about the company's overall bankruptcy...

  • WILMINGTON, Del., March 26- A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. While RadioShack's attorney told the court the deal saved...

  • NEW YORK, March 26- Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Chairman Charles Ergen. Under the plan greenlighted by Judge Shelley Chapman in U.S. Bankruptcy Court in New York,...

  • Bankruptcy hearing could decide fate of RadioShack Thursday, 26 Mar 2015 | 3:07 PM ET

    RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....

  • WILMINGTON, Del., March 26- RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. An attorney for Salus Capital Partners, which is owed $150 million and is RadioShack's...

  • WASHINGTON, March 26- Russia's $3 billion holding of Ukrainian debt should be classified as' official' debt, an IMF spokesman said on Thursday, weighing in on what has become a contentious issue in Kiev's economic situation. But Russia, which holds a $3 billion Eurobond from Ukraine, has so far refused to participate in the restructuring. Russia, which Western...

  • Republic Steel announces 200 temporary Ohio layoffs Thursday, 26 Mar 2015 | 9:03 AM ET

    LORAIN, Ohio— Republic Steel has announced it is temporarily laying off 200 workers from its Lorain plant in northeastern Ohio. The Morning Journal reports the layoffs, affecting hourly and salaried employees, were announced Wednesday. Information from: The Morning Journal, http://www.morningjournal.com.

  • *Plant in western India to double local production. SANAND, India, March 26- Ford Motor Co plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad. Ford, like foreign rivals General Motors and Volkswagen, has struggled...

  • March 25- General Electric Co said it increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices. "As a result of increasingly challenging market conditions, we are announcing additional workforce reductions in our Lufkin business," said Kristin Schwarz, a GE Oil& Gas spokeswoman.

  • March 25- General Electric Co increased planned job cuts in its Lufkin oilfield equipment unit to 575, as it grapples with pressure on the unit from the drop in oil prices, Bloomberg reported. The move follows GE's notification to regulators in January of the planned layoffs of 330 people at its beam-pumping manufacturing facility in Lufkin, Texas.

  • Judge appoints examiner in bankruptcy of Caesars division Wednesday, 25 Mar 2015 | 7:20 PM ET

    CHICAGO— A former Watergate prosecutor who was later involved in efforts to secure the release of Americans during the Iran hostage crisis while assistant secretary of the Treasury is now investigating business deals made by Caesars Entertainment Corp. before the casino giant's debt-heavy operations division filed for bankruptcy in January.

  • DETROIT, March 25- The United Auto Workers union on Wednesday said getting raises for workers at the Detroit automakers will be a top priority in contract talks this summer, but more jobs and production are shifting to U.S. plants without unions and Mexico. Earlier this week, General Motors Co said it would build a factory in Mexico to assemble a new generation of...

  • UPDATE 1-RadioShack auction headed for courtroom showdown Wednesday, 25 Mar 2015 | 5:34 PM ET

    March 25- An auction for RadioShack Corp failed to resolve whether the electronics retailer will remain in business as bidders attacked each in court filings, setting up a showdown before a judge on Thursday. By early Wednesday, however, one of RadioShack's lenders, Salus Capital Partners, asked the U.S. Bankruptcy Court judge overseeing the case to intervene.

  • March 25- Wells Fargo& Co, the fourth-largest U.S. bank by assets, said it will cut 1,000 jobs and close its home-lending servicing office in Milwaukee, Wisconsin. Wells Fargo, which will close the office in late July, will inform employees of other job opportunities within the company, the bank said. Shares of Wells Fargo, which had about 265,000 employees as of Dec. 31,...

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...

  • NEW YORK— Wells Fargo will close its home lending servicing office in Milwaukee and eliminate 1,000 jobs, saying fewer homeowners are falling behind on payments and seeking help keeping their homes. In an emailed statement, Wells Fargo& Co. said Wednesday that as the economy has improved over the last two years, fewer customers have become delinquent on their...