PORCIA, Italy, March 9- The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years.» Read More
CALGARY, Alberta, Nov 5- Encana Corp, Canada's largest natural gas producer, said on Tuesday it will cut about 20 percent of its workforce, slash its dividend, and focus future spending on just five regions rich in oil and gas liquids as it looks to move away from low-value natural gas production.
DETROIT, Nov 5- The city of Detroit will delay its plan to move retiree healthcare onto the Affordable Care Act exchanges because of problems that are plaguing the roll-out of the online insurance marketplaces, an attorney representing the city said in bankruptcy court on Tuesday.
LONDON, Nov 5- G4S plans to shake up the weakest parts of its business and lay off up to 400 UK staff as the new boss of the world's largest security firm by revenue battles to restore its reputation tarnished by a series of high-profile blunders.
The digital media and entertainment company said on Tuesday it took a pre-tax restructuring charge of $19 million and an impairment charge of $25 million, both related to Patch, sending operating income down 61 percent to $16.7 million.
Nov 5- Encana Corp, Canada's largest natural gas producer, said it will cut about 20 percent of its workforce, slash its dividend and invest nearly three-quarters of its 2014 capital spending budget in more lucrative oil and liquid gas assets. Encana, which had 4,193 employees on Dec. 31, said it will cut its dividend to 7 cents per share from 20 cents.
Nov 4- Atlantic Express Transportation Corp filed for Chapter 11 bankruptcy protection late on Monday, a court filing showed, as the school bus operator faces a union battle, weak earnings, and cash shortage.
Nov 4- School bus operator Atlantic Express Transportation Corp filed for chapter 11 bankruptcy protection late on Monday, a court filing showed. New York- based Atlantic Express listed out estimated liabilities and assets of $100 million to $500 million.
DETROIT, Nov 4- Detroit's unions called witnesses on Monday to testify that the city does not belong in bankruptcy including representatives of a union and retirees who said a negotiated settlement of the city's debts had been possible before it filed for bankruptcy in mid-July.
NEW YORK, Nov 4- Billionaire investor Steven A. Cohen's days as a hedge fund manager may be over with his SAC Capital Advisors agreeing to plead guilty to insider trading charges and pay a record $1.8 billion in fines and forfeitures.
*Zambia warns may revoke Konkola licence. LUSAKA, Nov 4- Zambian President Michael Sata threatened on Monday to revoke the licence of Konkola Copper Mines, owned by London- listed Vedanta Resources, if it goes through with a plan to lay off more than 1,500 workers.
*Weyerhaeuser to sell homebuilding business for $2.7 bln. *Weyerhaeuser shareholders to get control of Tri Pointe. Nov 4- Tri Pointe Homes Inc is buying Weyerhaeuser Co's homebuilding division in a $2.7 billion deal that will give it access to developed land in key markets such as California and Texas and make it one of the largest U.S. homebuilders.
Nov 4- Ireland's Velti Plc said it would sell its mobile marketing business in the United States, Britain and India to a unit of Blackstone Group LP, and that it had filed for bankruptcy under Chapter 11 for its remaining U.S. operations.
Nov 4- Velti Plc said it would sell its mobile marketing business in the United States, the UK and India to Blackstone Group LP, and that it filed for bankruptcy under Chapter 11 for its remaining U.S. operations.
Nov 4- U.S. golf retailer Edwin Watts Golf Shops LLC filed for chapter 11 bankruptcy protection early on Monday, a court filing showed. The retailer, owned by private equity firm Sun Capital Partners Inc, listed out estimated liabilities and assets of $100 million to $500 million.
LONDON, Nov 4- London- listed coal miner Bumi Plc, which plans to split from its Indonesian co-founders under a restructuring plan, said on Monday it was on track to hit its 2013 production target after a 10 percent rise in the third quarter.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.
Oct 31- Senior lenders to Energy Future Holdings are upset that the company plans to make a critical interest payment to junior bondholders on Friday, but they likely have no legal recourse to prevent it, according to experts and people close to the matter.
Oct 31- JPMorgan Chase and other Wall Street creditors have agreed to $300 million in new debt concessions aimed at ending the second largest U.S. municipal bankruptcy by year's end.
RIO DE JANEIRO/ SAO PAULO, Oct 31- Brazilian tycoon Eike Batista's oil company OGX Petróleo e Gas Participações SA agreed on Thursday to sell its 67 percent stake in its natural gas unit for 344 million reais, the day after it filed for bankruptcy protection.