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  • *G Asset Management offers to buy stake in Barnes& Noble or Nook. *Groupon shares drop after company forecasts loss. NEW YORK, Feb 21- U.S. stocks slipped on Friday on options-related trading, with the S&P 500 facing resistance as it flirts with its record high even as economic data continues to underwhelm.

  • United Technologies' Sikorsky unit to cut 600 jobs Friday, 21 Feb 2014 | 4:28 PM ET

    HUNTSVILLE, Ala., Feb 21- Sikorsky Aircraft, the helicopter unit of United Technologies Corp, on Friday said it would lay off 600 workers beginning in the next few weeks, citing continued "challenging and unstable economic conditions."

  • Feb 21- Detroit's much-anticipated blueprint for dealing with $18 billion in debt and emerging from municipal bankruptcy requires cuts to worker pensions and even deeper cuts for bondholders, according to a plan the city filed in federal court on Friday.

  • NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to buy a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital business. The little known firm said the proposal for Barnes& Noble as a whole would be for $22 per share, which would value the top U.S. bookstore chain at $1.32 billion.

  • *G Asset Management offers to buy Barnes& Noble or Nook stake. *Groupon shares tumble after forecasting loss. NEW YORK, Feb 21- U.S. stocks were little changed on Friday, with the S&P 500 facing resistance as it flirts with its record high, as company news dominated trading amid another soft reading on the economy.

  • NEW YORK, Feb 21- Investment firm G Asset Management said on Friday that it had offered to take a 51 percent stake in either Barnes& Noble Inc or in the bookseller's Nook digital books and device business. G Asset said the proposal for Barnes& Noble as a whole would be for $22 per share, while the offer for Nook would be for $5 per share.

  • "Upon consideration of the petitions to appeal and the responses thereto, a direct appeal to this court is warranted," the 6th U.S. Circuit Court of Appeals in Cincinnati said in an order filed on Friday. A federal bankruptcy judge in a landmark December ruling said Detroit was eligible to pursue its bankruptcy case.

  • US court to hear appeals in Detroit bankruptcy case Friday, 21 Feb 2014 | 9:12 AM ET

    NEW YORK, Feb 21- A U.S. appeals court on Friday said it would hear appeals by seven groups of petitioners, including pension plans for Detroit's police and firefighters, of the city's eligibility for bankruptcy.

  • *Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations as part of a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said on Friday.

  • *Job cuts include planned Citizens sale, UK branch sales. LONDON, Feb 21- Royal Bank of Scotland is to shrink its investment banking and international operations in a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said.

  • SYDNEY, Feb 21- Anglo Dutch oil company Royal Dutch Shell said on Friday it has agreed to sell its Australian downstream businesses to oil trader Vitol SA for about A $2.9 billion.

  • Shell sells Australian business to Vitol for A$2.9blln Thursday, 20 Feb 2014 | 6:21 PM ET

    SYDNEY, Feb 21- Royal Dutch Shell PLC said on Friday it had agreed to sell its Australian downstream businesses to Vitol SA for about A $2.9 billion. The sale covers Shell's Geelong Refinery and 870 service stations plus its bulk fuels, bitumen and chemicals businesses and part of its lubricants businesses in Australia.

  • OSX is also controlled by Batista and is an Oleo e Gas creditor. OSX gets nearly all its revenue by leasing oil-production ships to Oleo e Gas. Oleo e Gas, formerly known as OGX Petroleo e Gas Participações SA, filed Latin America's largest-ever bankruptcy protection petition on Oct. 30.

  • NORTH CHARLESTON, South Carolina, Feb 19- A plan by Japan's Toray Industries Inc to build a $1 billion carbon fiber manufacturing plant in South Carolina is among the "proactive efforts" to support Boeing Co's drive to ramp up its production of 787 Dreamliners, Boeing said on Wednesday.

  • The ruling also allows the inclusion of Oleo e Gas overseas unit OGX International. "The decision recognized the needs of international commerce," said Marcio Costa, a lawyer for Sergio Bermudes Advogados in Rio de Janeiro which represents Oleo e Gas.

  • WILMINGTON, Del, Feb 18- A unit of China's Wanxiang Group received U.S. bankruptcy court approval on Tuesday to buy the assets of Fisker Automotive, a defunct manufacturer of plug-in hybrid sports cars that was funded in part with a U.S. government loan.

  • NEW YORK, Feb 18- Boeing Co said it would locate a new factory for building the wings of its forthcoming 777 X jet in Everett, Washington, where it currently builds 777 jetliners. It marks a departure from the large-scale outsourcing to overseas suppliers that caused significant delay on Boeing's 787 jet.

  • Chemical maker Ashland to sell water unit for $1.8 bln Tuesday, 18 Feb 2014 | 9:32 AM ET

    Feb 18- U.S. chemical manufacturer Ashland Inc said it would sell its water technologies unit to a fund managed by Clayton, Dubilier& Rice for about $1.8 billion. The proceeds will be used to fund a $1.35 billion stock repurchase it also announced on Tuesday. Ashland shares were up 2.3 percent at $98.40 in early trading.

  • Feb 14- Wanxiang Group, China's largest auto parts company, won a bankruptcy auction for the assets of Fisker Automotive, the defunct manufacturer of the Karma plug-in hybrid sports car, Fisker said on Friday.

  • *AIG raises quarterly dividend to 12.5 cents per share. Feb 13- Insurer American International Group Inc on Thursday raised its quarterly dividend by 25 percent and reported it swung to a profit in the fourth quarter, compared with a year-earlier loss, sending its shares up in after-market trading.