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  • BANKRUPTCY-COURT APPOINTED MEDIATOR WILL MAKE ANNOUNCEMENT ON SETTLEMENT LATER WED MORNING-CITY SPOKESMAN.

  • BMW weighing new North American plant -Bloomberg Tuesday, 8 Apr 2014 | 9:22 PM ET

    April 8- German carmaker BMW is planning a second North American factory to cater to the rising demand for its vehicles, Bloomberg reported on Tuesday.

  • RAMALLAH, West Bank, April 8- The Palestinian Authority said on Tuesday it plans to issue bonds to banks as part of a restructuring of its sizeable debts, in what will be the first sale of government bonds in the territory's 20- year history. Jihad Al Wazir, head of the Palestinian Monetary Authority, said around $200 million of debt would be converted to bonds.

  • HELSINKI, April 8- Nokia has received approval from Chinese authorities to sell its mobile phone business to Microsoft Corp, it said on Tuesday, and added there had been no request for it to change its patent practices. Nokia agreed in September to sell the business to Microsoft in a 5.4 billion euro deal.

  • April 7- James River Coal Co filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal. Coal companies have also been hit by President Barack Obama's push for stricter regulation of greenhouse gas emissions by the Environmental Protection Agency.

  • James River Coal files for bankruptcy protection Monday, 7 Apr 2014 | 5:28 PM ET

    April 7- James River Coal Co filed for Chapter 11 bankruptcy protection on Monday after struggling with weak prices. The company said it would continue to evaluate potential alternatives such as a capital investment through a plan of reorganization or a sale of one or more parts.

  • PARIS, April 7- Cement makers Lafarge and Holcim said on Monday that two-thirds of the divestments needed for their merger to satisfy competition watchdogs would be in Europe and the rest outside of the continent.

  • Mexico flagship airline Mexicana declared bankrupt Friday, 4 Apr 2014 | 5:48 PM ET

    MEXICO CITY, April 4- Mexicana airlines, which suspended flights four years ago due to its heavy debt load, was declared bankrupt on Friday, paving the way to dismantle the iconic company, once one of Mexico's top two carriers.

  • HONG KONG, April 4- A creditor sought bankruptcy restructuring for Chaori Solar, the firm that caused ripples in world markets last month with China's first domestic bond default, and the company said on Friday it had not yet agreed any deal to stay solvent.

  • April 3- Retailer Brookstone Inc said it would be bought by the owner of Spencer's retail chain for about $147 million as part of a prepackaged bankruptcy plan. Brookstone was taken private in 2005 by a group led by Osim, Asia's biggest maker of massage chairs, in a $445 million deal.

  • April 3- Specialty retailer Brookstone Inc said it would be bought by Spencer Spirit Holdings Inc for about $147 million as part of a prepackaged bankruptcy protection plan. Brookstone sells products ranging from massage chairs to bathroom slippers and operates more than 300 stores throughout the United States and Puerto Rico.

  • *To open record 1,600 new 7- Eleven stores in Japan in 2014/ 15. TOKYO, April 3- Japan's Seven& I Holdings Co, the world's biggest convenience store operator, unveiled plans for a record pace of expansion at home, unfazed by a sales tax hike that threatens to damp consumer sentiment in the world's No.3 economy.

  • LAUNCESTON, Australia, April 3- That Australia's oil refining industry is uncompetitive in the face of the new, complex plants in Asia is obvious. BP became the latest in this trend, announcing on Wednesday that it was closing its 102,000 barrels per day plant in Brisbane by 2015, and possibly converting it to an import terminal.

  • April 2- A U.S. bankruptcy judge on Wednesday approved Detroit's plan to borrow $120 million from Barclays PLC to improve services in the cash-strapped city. Judge Steven Rhodes, who is overseeing Detroit's historic bankruptcy case, overruled objections by city creditors who took issue with the timing and structure of the loan.

  • April 2- A plan being discussed to reorganize power company Energy Future Holdings Corp will all but wipe out the investments of owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported.

  • April 2- A plan being discussed to reorganize Energy Future Holdings Corp will all but wipe out owners KKR& Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported, citing three people with direct knowledge of the negotiations.

  • *Apple interested, could pay 500 bln yen by summer- Nikkei. TOKYO, April 2- Renesas Electronics Corp is talking with Apple Inc and other potential buyers of a stake in a smartphone display chip unit, as the struggling Japanese chipmaker restructures its business around the automotive industry, said a person familiar with the matter.

  • *BP blames competition from mega-refineries in Asia. SYDNEY, April 2- BP is ceasing production at its Bulwer Island refinery in Brisbane, Australia by mid 2015, blaming competition from new mega-refineries in Asia that are cheaper to operate.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.

  • NEW YORK, April 1- Textbook publisher Cengage Learning has ended its nine-month bankruptcy, emerging from Chapter 11 after reducing its $5.8 billion debt by more than two-thirds. In a statement on Tuesday, Stamford, Connecticut- based Cengage said it cut $4 billion in debt and secured $1.75 billion in new loans to fund its bankruptcy exit.