Business Events
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All attention will be on JPMorgan Chase's Chairman and CEO Jamie Dimon as he takes the stage Tuesday morning during the bank's annual shareholder meeting in Tampa, Florida.
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March 18- Dex One Corp and SuperMedia Inc have both filed for bankruptcy protection after the directories publishers failed to win the full support of senior secured lenders for a change to a credit agreement needed to complete their planned merger.
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SANTIAGO, March 15- Codelco's unionized workers threatened on Friday to stage a 24- hour work stoppage at all units of the world's top copper miner within 30 days to demand greater job security and pensions.
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*Vivendi fails to get high enough bids for Brazil unit GVT. *Vivendi shares fall 3.4 pct. PARIS/ NEW YORK, March 15- Vivendi has put the sale of its Brazilian telecoms operator on hold after failing to attract the 7 billion euros it wanted from bidders, another setback for the French media and telecoms conglomerate's efforts to rationalise and reduce debt.
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*Vivendi fails to get high enough bids for Brazil unit GVT. *Vivendi shares fall 3.4 pct. PARIS/ NEW YORK, March 15- Vivendi has put the sale of its Brazilian telecoms operator on hold after failing to attract the 7 billion euros it wanted from bidders, another setback for the French media and telecoms conglomerate's efforts to rationalise and reduce debt.
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Phil Anschutz took his Los Angeles-based sports, music, and arena conglomerate off the market because he felt reinvigorated after back surgery and didn't like "the noise" surrounding the sale, he said.
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*VW to build new China factory with 300,000 annual capacity. VW to almost double China capacity to over 4 mln cars by 2018. WOLFSBURG, Germany, March 14- Volkswagen, Europe's biggest carmaker, will step up production in fast-growing emerging markets like China to offset deteriorating demand closer to home, it said on Thursday.
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*ASMI to sell 8-12 percent of ASM Pacific in placement. ASMI's shares fell as much as 16 percent on Wednesday to their lowest since November, after it said it would sell between 8 percent and 12 percent of the total outstanding share capital in ASM Pacific Technology in a share placement.
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*Voestalpine to invest 550 mln euros in new plant. VIENNA, March 13- Austrian steelmaker Voestalpine has picked Texas as the location for a new 550 million euro sponge iron plant, a sign that cheap U.S. energy prices are attracting industrial investment as Europe lags behind.
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VIENNA, March 13- Austrian steel group Voestalpine has picked the U.S. state of Texas for a new North American iron ore plant in which it will invest around 550 million euros.
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MADRID, March 12- Spain pledged 3.5 billion euros over four years on Tuesday to easing mass unemployment among the country's youth, as the government tries to stem a relentless tide of layoffs and lengthening jobless queues.
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March 11- Eastman Kodak Co fourth-quarter loss more than tripled, but the camera pioneer said on Monday that it is on track to emerge from bankruptcy in the middle of 2013 as it shifts its business focus toward printing from photography.
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March 11- U.S. power company Dominion Resources Inc said on Monday it had struck a deal to sell three power plants- one in Massachusetts and two in Illinois- to funds controlled by private equity firm Energy Capital Partners.
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Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital have expressed interest in buying Hostess's snack cake brands, the New York Post reported.
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BEIJING- China unveiled a government restructuring plan on Sunday, cutting cabinet-level entities by two and dissolving its powerful Railways Ministry, as the country's new leaders look to boost efficiency and combat corruption.
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BEIJING, March 10- China unveiled details of a government restructuring plan on Sunday, which will see the number of cabinet-level entities reduced by two, including the dissolving of the powerful Railways Ministry.
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BEIJING, March 10- China unveiled details of a government restructuring plan on Sunday, which will see the number of cabinet-level entities reduced by two, including the dissolving of the powerful Railways Ministry.
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Kevin Gross, a U.S. Bankruptcy Court judge in Wilmington, Delaware, told a conference call held jointly with a Canadian judge that the litigants should prepare for a trial late this year. Gross and Ontario Superior Court Justice Geoffrey Morawetz in Toronto have been overseeing the liquidation of the former telecoms giant.
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BRUSSELS, March 8- An Austrian bank is facing possible closure for failing to restructure, Europe's competition chief said without naming the bank, but a commission spokesman said Hypo Alpe Adria was the country's only bank negotiating a revamp.
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*Employment gain of 50,700 surpasses estimates. OTTAWA, March 8- Canada's job market rebounded from January's losses to add 50,700 net new positions in February, with most of the gains in the services industries while manufacturers saw hefty layoffs for the second straight month.
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Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.