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  • UPDATE 2-Aereo files for bankruptcy Friday, 21 Nov 2014 | 9:41 AM ET

    NEW YORK, Nov 21- Aereo Inc, the video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. Aereo Chief Executive Officer Chet Kanojia said the decision created "regulatory and legal uncertainty" that proved insurmountable for the New York- based company, which is privately held. Lawton Bloom, a principal at Argus Management...

  • Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruled in June that the company's business model violated copyright laws. The ruling was a victory for broadcasters such as CBS Corp, Comcast Corp's NBC, Walt Disney Co's ABC and Twenty-First Century Fox Inc's Fox network. The filing is In re: Aereo Inc, U.S....

  • TV streaming provider Aereo files for bankruptcy Friday, 21 Nov 2014 | 6:29 AM ET

    Nov 21- Television streaming service Aereo Inc filed for bankruptcy protection after a U.S. Supreme Court ruling in June found that the company's business model violated copyright laws. Aereo, in which Barry Diller's IAC/InterActiveCorp has a 23.30 percent stake, filed for Chapter 11 protection to preserve the value of its estate, according to a court filing...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • Corinthian Colleges to sell 56 campuses to ECMC Group Thursday, 20 Nov 2014 | 10:25 AM ET

    Nov 20- Corinthian Colleges Inc said it would sell 56 campuses under its Everest and WyoTech brands to non-profit education provider ECMC Group Inc as part of an agreement with the U.S. education department. The sale of the assets will raise $24 million, half of which will go to the education department under a deal Corinthian signed with the department in July in...

  • Caesars, creditors consider turning unit into REIT Wednesday, 19 Nov 2014 | 6:14 PM ET

    Caesars Entertainment proposed a restructure plan that would the debt of its largest unit into a real estate investment trust.

  • NEW YORK, Nov 19- Citigroup Inc is considering a sale of its index business, two sources familiar with the situation said on Wednesday, making it the latest bank to think about jettisoning benchmarking amid increased regulatory scrutiny. About $174 billion in exchange traded fund and mutual fund assets track Citigroup indexes, according to Morningstar.

  • *Enel selling Endesa shares at 13.5- 13.8 euros- sources. *Enel selling minimum of 17 pct of Endesa. MILAN, Nov 19- Italy's biggest utility Enel is on track to raise up to 3.2 billion euros from the sale of shares in its Spanish subsidiary Endesa, three sources with knowledge of the deal said on Wednesday.

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...

  • EL SEGUNDO, Calif., Nov 18- Boeing Co said this week it is reevaluating its cybersecurity business and could divest or reassign some units as it focuses more on a few critical areas, including classified work it is doing for some U.S. government agencies. Boeing, the Pentagon's No. 2 supplier and the world's largest aerospace company, bought a handful of...

  • SYDNEY, Nov 19- Australian explosives maker Orica Ltd said on Wednesday it had agreed to sell its chemicals business to funds advised by U.S. private equity firm Blackstone Group LP for A $750 million. Orica also reported a 2 percent increase in full-year statutory net profit to A $602.5 million, from A $592.5 million, and said that volatility and uncertainty in...

  • Geron sells last drug in pipeline to J&J unit Thursday, 13 Nov 2014 | 6:27 PM ET

    Nov 13- Geron Corp licensed its cancer compound, the last in its pipeline, to a unit of Johnson& Johnson for up to $935 million, sending its shares up as much as 33 percent in extended trading. The license deal comes as a welcome break to the company, which has seen its stock price drop from a high of $71.69 in 2000 to $2.31 on Thursday. If successful, imetelstat would...

  • LONDON, Nov 13- Apollo Global Management is planning to bid for all GlaxoSmithKline's mature drugs, joining an auction expected to value the business at more than $3 billion, according to four people familiar with the process. GSK, Britain's biggest drugmaker, is looking to divest its mature prescription medicine products sold in North America and western...

  • DETROIT, Nov 12- The federal judge who approved Detroit's plan for exiting the biggest-ever U.S. municipal bankruptcy gave the city on Wednesday the go-ahead for putting the plan in motion. Bankruptcy Judge Steven Rhodes said at a hearing. Rhodes on Friday ruled Detroit's plan for cutting $7 billion of its $18 billion of debt was fair to creditors and feasible...

  • LONDON, Nov 12- There has always been a close link between U.S. oil production, international prices and OPEC, so it should come as no surprise that North America's shale drillers find themselves locked in a battle with Saudi Arabia over prices and market share. Until the 1950 s, the United States accounted for more than half of all global oil production.

  • UPDATE 1-Bain, Apax join bid battle for Portugal Telecom Wednesday, 12 Nov 2014 | 7:51 AM ET

    LISBON/ PARIS, Nov 12- Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros to buy the Portuguese operating business of Portugal Telecom from Brazil's Oi, rivalling last week's offer from telecoms group Altice. Oi is considering selling Portugal Telecom assets to reduce its debt of over $18 billion, which would...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • Nov 11- Debt-strapped casino operator Caesars Entertainment Corp has reached an agreement with key senior creditors on the outline of a restructuring plan that includes a prearranged bankruptcy for its largest unit as soon as January, Bloomberg reported, citing two people with knowledge of the negotiations. Under the plan being negotiated by first-lien...

  • LISBON, Nov 11- Angolan investor Isabel dos Santos said on Tuesday she was willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent Brazil's Oi from selling PT's assets to a rival party. Dos Santos launched the bid for Portugal Telecom, a holding company with a 25.6 percent stake in the combined Oi-PT company, partly in an attempt to...

  • UPDATE 2-South Africa's AngloGold Ashanti to cut jobs Tuesday, 11 Nov 2014 | 6:30 AM ET

    JOHANNESBURG, Nov 11- South Africa's AngloGold Ashanti plans to cut staff through voluntary severance packages as the bullion producer feels the pinch of lower gold prices and rising costs, it said on Tuesday. A union source close to negotiations with the company said 1,200 positions were affected in South Africa, with AngloGold considering moving 300 staff...