*ICD buys Atlantis from Dubai World arm Istithmar. *Sale adds to series of 2013 asset sales by Dubai World. DUBAI, Dec 5- A unit of Dubai World has sold its Atlantis resort, which sits on a palm tree-shaped island in the Gulf, in an asset shuffle between state entities to help the group meet huge debt repayments after a $25 billion restructuring in 2011..» Read More
DUESSELDORF, Germany, Sept 23- German steelmaker ThyssenKrupp may walk away from talks over the sale of its Brazil plant, part of its loss-making Steel Americas business, a person familiar with the matter told Reuters on Monday. Negotiations with prospective buyer Companhia Siderurgica Nacional remain in a stalemate, the person added.
The strategic shift and dramatic restructuring are fueling fears about BlackBerry's long-term viability. In response to queries about its future sales strategy BlackBerry said on Sunday it would provide more detail when it announces quarterly earnings on Sept. 27.
The results will put more pressure on BlackBerry to find a buyer for either some parts of the company, or for all of it. It said last month it is weighing its options, including an outright sale, in the face of persistently lackluster sales of its new smartphones, which run on the BlackBerry 10 operating system.
MILAN, Sept 20- Monte dei Paschi di Siena, Italy's third biggest lender, will approve a restructuring plan on Tuesday that could force its nationalisation unless it can find private investors willing to bet on a bank hit by scandal and bad debts.
DETROIT, Sept 19- Detroit residents, city retirees and even two city council members stood Thursday where dozens of bankruptcy lawyers have gone before them: before Bankruptcy Judge Steven Rhodes, arguing why their city does not belong in bankruptcy court.
BRUSSELS, Sept 19- Belgian financial group Dexia has entered into exclusive talks with New York Life Investments to sell its asset management unit, it said late on Thursday. Dexia had initially agreed to sell the asset management arm to Hong Kong- based GCS Capital for 380 million euros, but that deal fell through in July.
NEW YORK, Sept 19- Wells Fargo& Co, the largest U.S. mortgage lender, said on Thursday that it will cut 1,800 jobs in its home loan business due to lower demand for refinancing amid higher interest rates. Sloan also said Wells Fargo expected to make $80 billion in home loans in the third quarter, nearly 30 percent below its second-quarter figure.
CLEVELAND, Sept 18- The world-renowned Cleveland Clinic said on Wednesday it would cut jobs and slash five to six percent of its $6 billion annual budget to prepare for President Barack Obama's health reforms. It is the largest provider in Ohio of Medicaid health coverage for the poor, the program that will expand to cover uninsured Americans under Obamacare.
*BlackBerry declines to confirm report. Citing unnamed people familiar with the matter, the article said BlackBerry could cut up to 40 percent of its staff and the layoffs will happen across job functions and likely occur in waves.
Sept 18- Blackberry Ltd is preparing a round of deep staff cuts by the end of 2013 and could lay off as much as 40 percent of its employees, the Wall Street Journal cited people familiar with the matter as saying on Wednesday.
DUBAI, Sept 18- Bahrain- based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts.
Sept 17- Ecotality Inc, a maker of charging stations for electric cars that won a $99.8 million grant from the U.S. Department of Energy four years ago, has filed for bankruptcy protection and said it plans to auction its assets next month. Ecotality and five affiliates filed for Chapter 11 protection on Monday night with the U.S. bankruptcy court in Phoenix.
Sept 17- FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday with the aim of cutting its debt load as the company struggled to make certain loan payments, a court filing showed. In 2010 the owner of Penthouse magazine offered to buy rival Playboy Enterprises Inc for $210 million.
Sept 17- FriendFinder Networks, which publishes the adult magazine Penthouse, filed for Chapter 11 bankruptcy on Tuesday, a court filing showed. The holding company, which also houses internet sites such as adultfriendfinder.com, listed out estimated liabilities of $500 million to $1 billion and assets of $1 million to $10 million, a court filing showed.
NEW YORK, Sept 12- AMR Corp's bid to emerge from bankruptcy won approval from a U.S. bankruptcy judge on Thursday, but implementation still requires resolution of U.S. government moves to block its proposed merger with US Airways Group Inc..
NEW YORK, Sept 12- A U.S. bankruptcy judge on Thursday approved AMR Corp's plan to exit bankruptcy, subject to resolution of a U.S. government lawsuit to block a proposed merger with US Airways Group Inc.. Judge Sean Lane approved the plan at a hearing in the U.S. Bankruptcy Court in New York.
NEW YORK, Sept 12- A U.S. bankruptcy judge on Thursday approved AMR Corp's plan to exit bankruptcy, which is subject to resolution of a U.S. government effort to block a proposed merger with US Airways Group Inc.. Judge Sean Lane approved the plan at a hearing in the U.S. Bankruptcy Court in New York.
BUENOS AIRES, Sept 11- Argentina's Congress approved a debt swap on Wednesday offering an unlimited time window for the remaining 7 percent of investors to restructure bonds left over from the country's 2002 default.
No firm lost more employees than Cantor Fitzgerald on 9/11. CNBC's Mary Thompson reports on the company's charity day that works to raise money for the victims' families. In 2012, the firm raised $12 million. Former New York City Mayor Rudy Giuliani reflects on the day, and the New York City election.
Sept 11- India's Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat state to UltraTech Cement Ltd for around 38 billion rupees including debt.