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*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap's unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.
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April 10- Walt Disney Co on Wednesday confirmed the company is laying off employees in its movie studio division, a cost-cutting step after a review of the unit's operations. In a brief statement, Disney said it "made the difficult decision to reduce our staffing levels" in several studio divisions.
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Swedish telecom equipment maker Ericsson struck a deal on Monday to buy Microsoft's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet.
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French media group Lagardere Tuesday said it has sold its entire 7.4% stake in European Aeronautic Defence & Space Co EADS through a private placement for 2.28 billion euros.
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April 8- Lehman Brothers Holding Inc has asked a U.S. bankruptcy court judge to reject a "grossly inflated" proposed settlement that its former brokerage agreed with a Lehman subsidiary in Germany. The proposed settlement would give Lehman Brothers Bankhaus AG a low-priority, $600 million unsecured claim against Lehman Brothers Inc, the former brokerage.
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April 8- Avon Products Inc said on Monday it will slash more than 400 jobs as part of a turnaround plan aimed at restoring the cosmetics maker to profitability. In February, Avon reported surprisingly strong fourth-quarter earnings after reversing sales declines in top markets like Brazil and Russia.
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April 8- Poland's Central European Distribution Corp, seeking to reduce its debt load, has filed for a pre-packaged bankruptcy that will give Russian businessman Roustam Tariko full control of the vodka producer, a court filing showed.
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TOKYO, April 8- Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loans from Deutsche Bank worth about $3.7 billion, a source familiar with the matter said on Monday. The San Francisco- based bank bought Pacific Capital Bancorp for about $1.5 billion last year.
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TOKYO, April 8- Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loan assets from Deutsche Bank worth about $3.7 billion, a source familiar with the matter said on Monday.
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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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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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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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*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.