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  • 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.

  • 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.