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  • ConAgra to sell store-brand food business Tuesday, 30 Jun 2015 | 7:39 AM ET

    NEW YORK— ConAgra Foods Inc. plans to sell its faltering business that makes store-brand packaged food just two years after spending $5 billion to beef it up by buying the private-label foodmaker Ralcorp. The company's shares rose $1.37, or 3.2 percent, to $44.80 in premarket trading. ConAgra, based in Omaha, Nebraska, has been under scrutiny by activist investor...

  • TOKYO, June 30- General Electric Co said it would sell its European private equity financing business to a unit of Japan's Sumitomo Mitsui Banking Corp for about $2.2 billion as the U.S. conglomerate sheds financial assets amid a restructuring. This makes the deal attractive to the core banking unit of Japan's third largest bank, Sumitomo Mitsui Financial...

  • TOKYO, June 30- General Electric Co is close to selling its European private equity financing unit to Japan's Sumitomo Mitsui Banking Corp for more than $2 billion, a person with direct knowledge of the matter said, as the U.S. industrial conglomerate sheds its financial assets amid a restructuring. This makes the deal attractive to the core banking unit of...

  • *Former bankruptcy judge: Puerto Rico "urgently needs our help". Steven Rhodes, the retired U.S. bankruptcy judge who oversaw Detroit's historic bankruptcy and has now been retained by Puerto Rico to help solve its problems, gave a blunt assessment on Monday. Puerto Rico "urgently needs our help," Rhodes said.

  • PUERTO RICO GOVERNOR GARCIA PADILLA SAYS COMMONWEALTH NEEDS AND WILL PROPOSE A RESTRUCTURING PLAN- PREPARED REMARKS OF SPEECH.

  • KINGSTON, Jamaica— The developer of a $3.5 billion hotel-and-casino project under construction in the Bahamas announced Monday that it has filed for U.S. Baha Mar Ltd. said the U.S. filings were being done "voluntarily" in an effort to complete construction and open the megaresort touted as the most expensive project ever undertaken in the Bahamas.

  • KIEV, June 29- The Ukrainian Finance Ministry kept up pressure on creditors on Monday before key restructuring talks, blaming a bondholder group for the deadlock in negotiations, but the bondholder group said the ministry's comments showed an inconsistency in Kiev's stance. Ukraine, which is seeking to plug a $15.3 billion funding gap, is meeting bondholders...

  • NEW YORK, June 29- Puerto Rico is "insolvent" and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit. The U.S. territory's future hinges on gaining eligibility for debt restructuring under the U.S. bankruptcy code, a process it does not currently have access to, said...

  • SUAREZ SAYS STEVEN RHODES, WHO DEALT WITH DETROIT BANKRUPTCY, INVITED TO MEETING, SO PUERTO RICO CAN LEARN HOW A DEBT RESTRUCTURING PROCESS TAKES PLACE.

  • TORONTO, June 29- A CIBC Wood Gundy investment adviser is pushing Extendicare Inc, a Canadian operator of senior care centers, to pay a special dividend of at least C $100 million and make other changes following the sale of its U.S. business. Markham, Ontario- based Extendicare has been narrowing its geographic focus to long-term senior care centers in Canada.

  • NEW YORK, June 29- Puerto Rico's governor, following a damning report by former IMF staffers about the U.S. Governor Alejandro Garcia Padilla said on Monday that over the next week, leaders would host meetings and briefings and tell citizens the steps the Commonwealth is taking to address Puerto Rico's problems. The report, made available late Sunday, said Puerto...

  • TORONTO, June 29- General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets. The sale is part of a plan unveiled in April to divest about $200 billion in GE Capital assets as it moves away...

  • NEW YORK, June 29- Puerto Rico's governor on Monday said "difficult decisions" must be made after a damning report by former IMF staffers proposed debt restructuring and tough austerity measures for the crisis-hit island, which is struggling with $73 billion of debt. Puerto Rico's benchmark general obligation bonds that carry an 8 percent coupon and mature in...

  • "Everything that touches Puerto Rico, the debt, the monolines, the banks, will all sell off pretty aggressively," said Daniel Hanson, analyst at Height Securities. Assured Guaranty shares fell 19.8 percent while MBIA Inc fell 6.7 percent. Assured Guaranty said it insured over $6 billion in par value of Puerto Rico bonds as of the end of March.

  • June 29- Canada's Element Financial Corp said it will buy General Electric Co's fleet management operations in the United States, Mexico, Australia and New Zealand for C $8.6 billion in cash. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it moves away from finance and focuses on manufacturing industrial...

  • June 28- Puerto Rico needs to restructure its debts and should make reforms including cutting the number of teachers and raising property taxes, a report by former International Monetary Fund economists on the Caribbean island's financial woes said. The report, which was obtained by Reuters, gave a damning review of how Puerto Rico has arrived at its current...

  • June 28- Struggling Caribbean island Puerto Rico needs to restructure its debts to bridge financing gaps in coming years, in what could be a precedent-setting move, according to a copy of a report by former IMF economists posted on websites of the island's media. Puerto Rico's governor's office and a spokesman for the Government Development Bank, which...

  • NEW YORK, June 28- Puerto Rico has a much larger fiscal deficit than assumed and faces financing gaps in coming years that can be bridged by debt restructuring, according to a copy of a key financial stability report by former IMF economists posted on local media websites. This can be achieved via a voluntary exchange of existing bonds for new ones with a longer or...

  • June 28- Puerto Rico is set to release a key financial stability report by former IMF economists on Monday, officials said on Sunday, in a crucial week for the island as bond deadlines come due and investor concerns increase about the possibility for debt restructurings and a limitation on government services. Puerto Rico is struggling with a $73 billion debt...

  • UPDATE 1-Intuit lays off 399 employees Friday, 26 Jun 2015 | 6:29 PM ET

    June 26- Intuit Inc, a maker of software that helps with tax-preparation, said it has laid off 399 people. The company had about 8,000 full-time employees as of July 31, 2014. Patrick Barry, who leads customer communication software maker Demandforce, has also stepped back, though he remains with Intuit, the spokesperson said.