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  • Messy situation as Argentina debt default looms Tuesday, 29 Jul 2014 | 6:05 PM ET

    LONDON, July 29- Argentina will find itself in its second default of the 2000 s on Thursday unless a last-minute deal is reached with holdout creditors who have rejected a debt restructuring deal. But Argentina and the creditors did not meet face to face.

  • July 29- Amgen Inc on Tuesday said it would cut up to 15 percent of its global work force and close plants as part of a series of moves aimed at reallocating resources as it prepares for the eventual launch of medicines it hopes will drive future growth.

  • July 29- Amgen Inc on Tuesday posted higher-than-expected second-quarter profit in a rebound from a disappointing first quarter, helped by strong sales of its rheumatoid arthritis drug Enbrel, and it significantly raised its full-year earnings forecast.

  • July 29- Detroit has been making progress in settling disputes with its public safety unions, a development that has put the brakes on several appeals in federal court of a ruling that the city was eligible for municipal bankruptcy, attorneys said on Tuesday.

  • July 29- Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash, to focus on its larger solid waste business.

  • *Honda's N.American Q1 operating profit down 6 pct. Honda said its Mexico plant, which makes the Fit subcompact, was hit by delays as it adopted new manufacturing techniques, but the company kept its full-year U.S. sales targets unchanged and said volumes would get back on track.

  • Argentina debtholders offer to waive clause -FT Monday, 28 Jul 2014 | 4:30 PM ET

    July 28- A group of Argentina's creditors holding "restructured" debt have offered to waive a clause that would help the country avoid a default, the Financial Times reported on Monday, citing unnamed sources.

  • NEW YORK, July 25- Argentina, out of legal options to avoid paying a court-awarded $1.33 billion plus interest to holdout creditors who twice spurned a restructuring offer, has until July 30 to either pay them, negotiate a settlement or default.

  • July 25- Detroit released a revised debt adjustment plan on Friday that details the role of a post-bankruptcy monitor and sets up a reserve fund to possibly enhance recoveries for certain creditors.

  • Tyson Foods to shut three prepared foods factories Friday, 25 Jul 2014 | 4:41 PM ET

    The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.

  • LONDON, July 25- Britain's BSkyB has agreed to pay around 4.9 billion pounds to buy Rupert Murdoch's pay-TV assets in Germany and Italy, responding to the slowing growth at home with a deal to create a European media powerhouse.

  • BSkyB to pay $8 billion to create Sky Europe Friday, 25 Jul 2014 | 2:11 AM ET

    LONDON, July 25- Britain's BSkyB has agreed to pay around 4.9 billion pounds to buy Rupert Murdoch's pay-TV assets in Germany and Italy, responding to the slowing growth at home with a deal to create a European powerhouse.

  • BSkyB to unveil "Sky Europe" deal on Friday Thursday, 24 Jul 2014 | 12:30 PM ET

    *BSkyB to buy Sky Italia and 57 pct of Sky Deutschland. LONDON, July 24- Britain's pay-TV group BSkyB will on Friday unveil its multi-billion euro deal to buy Rupert Murdoch's assets in Italy and Germany, sealing a plan to create a pan-European giant with almost 20 million customers.

  • Energy Future seeks longer bankruptcy as it scraps plan Thursday, 24 Jul 2014 | 12:08 PM ET

    July 24- Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.

  • July 24- Hikma Pharmaceuticals Plc. *Agreed with Ben Venue Laboratories, Inc., part of Boehringer Ingelheim Group of companies, to acquire their generic injectables manufacturing site in Bedford, Ohio. *No incremental consideration is payable in relation to Hikma acquiring Ben Venue manufacturing site.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • Seifi Ghasemi, who successfully executed a number of deals as CEO of Rockwood Holdings Inc, was appointed to the top position at Air Products last month and analysts expect him to divest some of the company's businesses.

  • NEW YORK, July 23- A hedge fund with over $400 million in Puerto Rico bonds has joined a legal challenge against a law that allows the U.S. New York- based BlueMountain Capital Management filed a lawsuit in the district court of Puerto Rico on Tuesday, claiming that the new law, known as the Recovery Act, runs counter to both the Puerto Rican and U.S. constitutions.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.