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  • HOUSTON, Feb 12- As the debate over the future of Texas's $35 billion electricity market enters a third year with no end in sight, one independent power producer decided not to wait for an outcome, filing for bankruptcy on Wednesday, citing depressed market conditions.

  • OTTAWA/ TORONTO, Feb 12- Finance Minister Jim Flaherty, freshly armed with C $500 million to subsidize Canada's auto sector, signaled on Wednesday the federal government might offer substantial cash to keep Chrysler Group from closing an Ontario minivan plant.

  • LONDON/ FRANKFURT, Feb 12- France's Danone is weighing a sale of its tube feeding products business which could fetch over 3 billion euros as it expands its dairy business in higher-growth emerging markets, three people familiar with the deal said.

  • OTTAWA/ TORONTO, Feb 12- Finance Minister Jim Flaherty, freshly armed with C $500 million to subsidize Canada's auto sector, signaled on Wednesday the federal government might offer substantial cash to keep Chrysler Group from closing an Ontario minivan plant.

  • Bill Gates-backed energy firm declares bankruptcy Wednesday, 12 Feb 2014 | 11:41 AM ET

    Optim Energy, an electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy after piling up losses in a depressed power market.

  • Bill Gates' investment Optim Energy files for bankruptcy Wednesday, 12 Feb 2014 | 11:35 AM ET

    WILMINGTON, Del, Feb 12- Optim Energy LLC, a Texas electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy on Wednesday after piling up losses in a depressed power market.

  • ABUJA, Feb 12- Commodity trading houses Glencore and Mercuria are among the shortlisted consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that three oil majors are selling, sources close to the process say. Trading houses have been marketing Nigeria's crude oil and importing fuel there for decades.

  • MADRID, Feb 12- Iberdrola has sold a 22.6 percent stake in Brazil's Itapebi Geracao de Energia to a unit of the Spanish utility's affiliate Neoenergia for 325 million reais, it said on Wednesday.

  • Now, Hyundai and its affiliate Kia Motors Corp are again looking to invest in new manufacturing capacity, running feasibility studies in promising markets such as Mexico and scouting for a site for a fourth plant in China, the world's biggest autos market, said five people familiar with the group's plans.

  • Feb 10- Southwest Airlines is looking for opportunities to add service in markets where other merged carriers have scaled back, the budget carrier's Chairman and Chief Executive Gary Kelly said on Monday.

  • Feb 10- Barnes& Noble Inc shares rose by as much as 9.6 percent on Monday after news that the bookseller cut jobs from its team of hardware engineers working on its money-losing Nook digital books and e-reader business.

  • DETROIT, Feb 10- Detroit will file a plan to adjust its debt with the U.S. Bankruptcy Court next week, an attorney representing the city told the judge overseeing the case on Monday. Bruce Bennett, an attorney with law firm Jones Day, told Judge Steven Rhodes that Detroit's filing target of Friday was too tight and needed to be extended.

  • AngloGold Ashanti to sell Namibian unit for $110 mln Monday, 10 Feb 2014 | 8:15 AM ET

    JOHANNESBURG, Feb 10- Africa's top bullion producer AngloGold Ashanti is selling its Namibian unit for $110 million to private mining group QKR, it said on Monday, the disposal being part of a renewed drive to rationalise and focus on its bigger operations.

  • NEW YORK/ LONDON, Feb 7- Swiss industrial conglomerate ABB Ltd is seeking to divest several units whose sale could raise more than $1 billion in total proceeds, according to people familiar with the matter, joining a list of large companies looking to shed non-core businesses.

  • *Foreigners seen buying back after Japan shares underperformed. *Sony jumps 5 pct on restructuring plan. TOKYO, Feb 7- Japan's Nikkei average jumped 2 percent on Friday morning, moving away from a four-month low hit earlier this week, as investor sentiment was brightened by a rally on Wall Street and hopes for an upbeat U.S. jobs report later in the day.

  • *Baytex offers A $4.10 per share for Aurora Oil& Gas. CALGARY, Alberta/ SYDNEY, Feb 7- Canadian heavy oil producer Baytex Energy Corp has agreed to buy Aurora Oil& Gas Ltd for C $2.6 billion including debt, targeting the Australian company's Texas shale oil assets and driving its shares to a 15- month high.

  • STOCKHOLM, Feb 6- World No.2 truck maker Volvo will increase its job cuts to 4,400, more than double its original plan, after currency effects and the cost of launching new models muted a rise in quarterly earnings.

  • Russia's Yandex to open new office in Europe Thursday, 6 Feb 2014 | 3:00 AM ET

    Yandex, which leads the world's biggest search engine Google in Russia with a market share of more than 60 percent, had said that expansion beyond former Soviet countries was one of its focus areas when it floated shares in New York in 2011..

  • NEW YORK, Feb 5- Jack Butler, a prominent bankruptcy attorney who played an instrumental role in American Airlines' merger with U.S. Airways Group, is leaving law firm Skadden Arps Slate Meagher& Flom to become an executive at Hilco Global, a financial services company with a broad range of operations.

  • AbbVie to build manufacturing plant in Singapore Wednesday, 5 Feb 2014 | 9:30 PM ET

    Feb 5- U.S. drugmaker AbbVie Inc on Wednesday said it will spend $320 million to set up a manufacturing facility in Singapore to produce new drugs for cancer and immunology now in development. AbbVie's existing presence in Singapore includes 120 personnel supporting commercial operations, global R&D and general operations, the company said.