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  • WASHINGTON, Jan 14- A plunge in energy prices is hitting America's oil and gas producers, leading some firms to lay off workers while others struggle to get loans, the Federal Reserve said on Wednesday. The Fed's monthly Beige Book report on business activity had some evidence of this economic boost, with firms telling the Fed that lower gasoline prices helped...

  • LONDON, Jan 14- Oil producer Premier Oil expects to book a $300 million impairment charge due to the plunge in oil prices and plans to cut jobs and investment to rein in costs, it said on Wednesday. Premier Oil, whose operations stretch from the Falklands to Vietnam, also said it was reducing investments to develop fields by 40 percent to around $600 million and that...

  • The next day they asked the judge assigned to the involuntary case to stay any voluntary bankruptcy until the Delaware bankruptcy judge can rule on the proper court to hear the case. Earlier on Tuesday, a Caesars attorney told a Delaware state court judge the company will seek to extend to itself the legal shield of bankruptcy protection once its operating unit...

  • DUBAI, Jan 13- The court administering Dubai World's restructuring has set March 17 as the provisional date for creditors to vote on whether to back a $14.6 billion debt deal. Under the plan, announced by Dubai World on Monday, part of its debt will be repaid early and the maturity of the rest extended by four years to 2022 with added incentives for creditors.

  • Jan 12- United Airlines is assessing whether to outsource jobs at airports around the country in a cost-cutting effort that could impact some 2,000 workers. The Chicago- based carrier informed employees Monday that jobs up for review included baggage handlers and gate and customer service agents at 28 airports that are not hubs, ranging from Atlanta to...

  • DETROIT/ TOKYO, Jan 12- Toyota Motor Corp is ending a three-year freeze on building new vehicle assembly plants and is looking to open two new assembly plants in China and another in Mexico, four executives familiar with the company's plans said. The Japanese automaker has already completed initial feasibility studies in both China and Mexico, according to...

  • SAN FRANCISCO, Jan 12- Chipmaker Advanced Micro Devices announced the departure of three senior executives on Monday following recent layoffs and the appointment of a new CEO. John Byrne, General Manager of AMD's Computing and Graphics Business Group is leaving, as are Chief Marketing Officer Colette LaForce and Chief Strategy Officer Raj Naik, the company...

  • SAO PAULO, Jan 12- Thousands of Brazilian metalworkers marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • Jan 12- A group of second-lien bondholders of casino operator Caesars Entertainment Corp filed a petition for involuntary Chapter 11 bankruptcy protection against the company's largest unit after it defaulted on interest payments. Caesars Entertainment Operating Co Inc defaulted on $225 million of payments due on Dec. 15. Caesars Entertainment Corp...

  • SAO PAULO, Jan 12- Thousands of metalworkers in Brazil marched on a highway outside of Sao Paulo on Monday to protest layoffs by carmakers, adding to a mounting crisis in a politically sensitive industry. State police said about 7,000 workers from Volkswagen AG, Ford Motor Co and the Mercedes-Benz truck unit of Germany's Daimler AG occupied a lane of the highway...

  • Parr: What big bank breakups could look like Monday, 12 Jan 2015 | 9:05 AM ET
    Gary Parr, Vice Chairman Lazard.

    The banking industry could look different soon due to the high cost of being a big bank, Lazard's Gary Parr tells CNBC.

  • Goldman Sachs: Watch out for energy M&A in 2015 Monday, 12 Jan 2015 | 7:14 AM ET
    A derrick hand removes the the plastic caps off the threaded ends of pipe used in the drilling process in Knox County, Ohio.

    Healthcare M&A looks set to be strong again this year, following deals from Shire and Roche. But Goldman Sachs says energy's a sector to watch too.

  • Jan 12- Hong Kong's key share index edged up on Monday, lifted by the business restructuring plan announced late on Friday by Li Ka- shing, Asia's richest man. "Li's reconstructuring boosted the share price of Hong Kong's property sector today, and I expect rise will last for a week," said Andy Wong, senior investment analyst at Harris Fraser in Hong Kong.

  • CALGARY, Alberta, Jan 9- Royal Dutch Shell will cut from 5 to 10 percent of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman said on Friday, but refrained from connecting the move to plunging oil prices. Albian Sands is the mining portion of Shell's Athabasca Oil Sands project near Fort McMurray, Alberta, which also...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 8- General Mills Inc said it plans to close down its plants in Midland, Ontario, Canada and New Albany, Indiana, cutting about 500 jobs, as part of announced efforts to reduce costs. General Mills said it had notified the New Albany union representatives of its decision to shutdown the plant. General Mills, which is struggling with weak sales and competition from...

  • UPDATE 1-Macy's to cut jobs, close 14 stores Thursday, 8 Jan 2015 | 6:35 PM ET

    Macy's, which owns the high-end Bloomingdale's chain, said the move would help offset higher expense expected from healthcare and retirement plans. Picking up goods from stores after ordering online, a service being rolled out at all large Macy's and Bloomingdale's stores, has also gained popularity as shoppers can save shipping charges and collect orders...

  • Jan 8- General Mills Inc said it plans to reduce its refrigerated dough capacity and close its plants in Midland, Ontario, Canada and New Albany, Indiana, as part of efforts to cut costs.