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  • CME Group to cut 5 percent of global workforce Tuesday, 14 Oct 2014 | 11:23 AM ET

    CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday. Most of the layoffs will come from CME's technology operations, with the rest coming from corporate and administration functions, the Chicago- based company said. CME, which owns the Chicago Board of Trade and...

  • BARI, Italy Oct 14- Italian magistrates have ordered Merrill Lynch and two of its former employees to stand trial over a regional government's losses from a 870 million euro bond, investigative and legal sources told Reuters on Tuesday. The case relates to bonds issued by the Apulia region in 2003-2004 in a restructuring of its health sector debt through...

  • Texas discount chain Alco Stores files for bankruptcy Monday, 13 Oct 2014 | 10:10 AM ET

    Oct 13- Texas- based discounter Alco Stores Inc filed for bankruptcy, joining the list of smaller U.S. retailers seeking protection from creditors. Alco said it had an initial, or "stalking horse," bid from a joint venture including Tiger Capital Group LLC, SB Capital Group LLC and Great American Group WF LLC. As of July, the company listed assets of $221.8 million and...

  • NEW YORK, Oct 12- Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he's getting support from an unlikely source: hedge funds. Gillispie, who is waiting to see if he will face a new criminal trial, has...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • Oct 10- GT Advanced Technologies Inc said it will cut 890 jobs, close an Arizona plant expected to make scratch-resistant screens for Apple Inc, and suggested it could pursue legal claims against the iPhone maker while revamping under bankruptcy. "GT believes that it has many claims against Apple arising out of its business relationship with Apple," the company...

  • BERLIN, Oct 10- Airbus took a step on Friday towards opening a second plant in China by signing a letter of intent with Chinese authorities to set up a cabin completion centre for its wide-body A330 jets. "We believe there is a big market for A330s, especially for domestic use in China because of airport congestion," Fabrice Bregier, chief executive of the main...

  • Oct 10- Blackstone Group LP said it would spin off its M&A, restructuring and private equity fundraising advisory businesses to avoid conflicts, combining them with the advisory firm of Morgan Stanley investment banking veteran Paul Taubman. Blackstone's advisory businesses being spun out account for a tiny fraction of the New York firm's earnings,...

  • Oct 10- Blackstone Group LP said on Friday it would spin off its M&A, restructuring and private equity fundraising advisory businesses and combine them with the financial advisory firm of Morgan Stanley veteran Paul Taubman, in a move to avoid conflicts. Taubman, who left Morgan Stanley in 2012, has been behind some of the biggest deals of the past few years,...

  • MANCHESTER, N.H., Oct 9- GT Advanced Technologies Inc on Thursday revealed it intends to wind down sapphire production, cutting short its once-promising bid to supply the scratch-resistant material for Apple Inc's iPhones and other mobile devices. Scant information has emerged since GT Advanced filed unexpectedly for bankruptcy on Monday, wiping out most of...

  • MELBOURNE, Fla., Oct 9- Brazilian aircraft manufacturer Embraer broke ground on a new assembly plant in the central Florida city of Melbourne on Thursday, more than doubling its industrial footprint in an area hard-hit by the retirement of NASA's space shuttles three years ago. Embraer also plans to assemble its new Legacy 500 and Legacy 450 aircraft in...

  • MANCHESTER, New Hampshire, Oct 9- Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and asked a court to keep crucial documents sealed, a highly unusual move that may keep investors in the dark about its unexpected financial implosion. GT Advanced forged a deal last year with Apple that involved...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc argued on Thursday it could not reveal why it filed for bankruptcy and is asking the court to keep crucial documents sealed, a highly unusual situation that may keep investors in the dark as to the cause of its financial implosion. The company, which had been slated to provide Apple with scratch-resistant...

  • Oct 9- Riverbed Technology Inc said it would review strategic options and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The hedge fund, headed by billionaire Paul Singer, has been making repeated offers to buy Riverbed since January and its latest...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc told a U.S. court it was barred from disclosing why it filed for bankruptcy, saying the company was "tied up in knots" by a confidentiality agreement. GT Advanced has a deal with Apple that involves outfitting an Arizona factory to make scratch-resistant sapphire glass exclusively for the iPhone maker.

  • Oct 9- Riverbed Technology Inc said it would review its alternatives and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The company's stock rose 3.5 percent to $18.72 in premarket trading on Thursday. The restructuring plan was aimed at reducing...

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc asked a U.S. bankruptcy court to keep under seal some key documents relating to a third party, saying this would allow it to avoid paying damages under confidentiality agreements. GT Advanced did not disclose the identity of the third party or the nature of the potential contract violations.

  • Oct 9- Apple Inc supplier GT Advanced Technologies Inc asked a U.S. bankruptcy court to keep under seal some key documents relating to a third-party, saying this would allow it to avoid paying damages under confidentiality agreements. GT Advanced did not disclose the identity of the third-party or the nature of the potential contract violations.

  • Oct 8- Citigroup Inc's consumer finance unit, OneMain Financial Holdings Inc, filed for an initial public offering of its common stock, a big step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients. OneMain is part of Citi Holdings, which Citigroup created during the financial crisis to park assets that it wanted to eventually divest...

  • Oct 8- Encana Corp said it would sell some of its natural gas assets in southern and central Alberta for about C $605 million as it focuses on more lucrative oil and natural gas liquids. The Clearwater deal comes just days after Encana agreed to buy Athlon Energy Inc for $5.93 billion to gain control of its oil-rich lands in Texas's Permian Basin.