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  • 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.

  • Time Inc begins job cuts, restructures company Tuesday, 4 Feb 2014 | 12:48 PM ET
    Joe Ripp, CEO of Time Inc.

    Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.

  • NEW YORK, Feb 4- Time Inc Chief Executive Officer Joe Ripp is reorganizing the structure of the world's largest magazine publisher and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff on Tuesday.

  • Feb 4- Wal-Mart Stores Inc said on Tuesday it would invest about C $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction. Wal-Mart's expansion plans comes a week after Target Corp said it would open nine new stores across Canada, adding to the 124 it opened last year.

  • FCC skeptical about Sprint, T-Mobile deal Tuesday, 4 Feb 2014 | 10:55 AM ET
    Tom Wheeler, chairman of the Federal Communications Commission (FCC).

    FCC's chairman his skepticism about a potential merger between Sprint Corp and T-Mobile US Inc in a meeting with Sprint.

  • Feb 4- Wal-Mart Stores Inc said on Tuesday it would invest about $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction. Wal-Mart's expansion plans comes a week after Target Corp said it would open nine new stores across Canada, adding to the 124 it opened last year.

  • New York, Feb 3- An investment vehicle owned by Dish Network Corp Chairman Charles Ergen is joining an existing lender group to extend $33 million in financing to bankrupt wireless company LightSquared, court filings show. LightSquared's equity owner, Phil Falcone's Harbinger Capital Partners, is fighting to keep control of the company in a messy bankruptcy.

  • Feb 3- Cengage Learning Inc said on Monday it reached an agreement with its major creditors that will cut the textbook publisher's debt by $4 billion and pave the way to exit its Chapter 11 bankruptcy.

  • Jan 31- Detroit on Friday filed a lawsuit in U.S. bankruptcy court seeking to invalidate $1.44 billion of debt sold to fund public worker pensions- a move that also could void the ill-fated interest-rate swaps contracts that were a factor leading Detroit into bankruptcy.

  • Jan 31- Detroit on Friday filed a lawsuit in U.S. bankruptcy court seeking to invalidate $1.44 billion of debt sold to fund public worker pensions- a move that also could void the ill-fated interest-rate swaps contracts that were a factor leading Detroit into bankruptcy.

  • Detroit sues retirement funds to void pension debt Friday, 31 Jan 2014 | 6:02 PM ET

    Jan 31- Detroit on Friday sued its two retirement systems in U.S. Bankruptcy Court, seeking to invalidate $1.45 billion of debt sold in 2005 and 2006 to fund public worker pensions, according to a court filing.

  • NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc Friday cut its quarterly profit outlook because of a host of issues, including reduced food stamp benefits and the restructuring of Sam's Club's in the United States and the closing of stores in Brazil and China.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc said on Friday that bad weather and reduced food stamp benefits in the United States had dragged down comparable-store sales in the fiscal fourth quarter, more than offsetting a positive bump from the holiday season.

  • NEW YORK, Jan 31- Wal-Mart Stores Inc shaved its quarterly and fiscal-year outlooks to account for special items, including those tied to its store closures in Brazil and China and its Sam's Club restructuring in the United States. Wal-Mart said it had closed about 50 stores in Brazil and China.

  • WASHINGTON, Jan 30- U.S. officials are likely to allow China's Lenovo Group to buy IBM's low-end server business and Google Inc's Motorola Mobility handset business if it agrees to concessions aimed at protecting U.S. national security, experts said.

  • UPDATE 2-Conoco profit beats estimates, asset sales help Thursday, 30 Jan 2014 | 10:38 AM ET

    Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, said on Thursday its fourth-quarter profit rose more than expected, helped by the sale of its Algerian business and production of more North American crude oil.

  • Jan 30- ConocoPhillips, the largest U.S. oil company without refining operations, on Thursday said its fourth-quarter profit rose with help from the sale of its Algerian business and lower taxes. Profit in the quarter was $2.5 billion, or $2.00 per share, compared with $1.4 billion, or $1.16 per share, a year earlier.