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LONDON, May 7- HSBC is saving $4 billion a year on an annualised basis due to measures introduced in its restructuring plan in early 2011, the bank's Finance Director Iain Mackay said on Tuesday.
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LONDON, May 7- HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs fell, with Europe's biggest bank showing the benefit of a 3- year restructuring plan.
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May 6- RioCan Real Estate Investment Trust:. *Announces dissolution of joint venture agreement with Retail Properties of. eight Retail assets in Texas from 80% to 100%.
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*On May 6 the bankruptcy court entered a confirmation order confirming the. company's reorganization plan- SEC filing. *Source text for Eikon:* Further company coverage.
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May 6- Douglas Dynamics Inc:. *Announces acquisition of assets of trynex. *Says purchase price of $26 million.
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May 6- Parkway Properties Inc:. *Announces agreement to purchase Miami office property. *Deal valued at $66.0 million.
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May 6- Benjamin F. Edwards& Co, a boutique brokerage with family ties to the old A.G. Edwards& Sons, said on Monday it added nine new advisers and opened two new offices in Alabama and Florida. In Alabama, former Wells advisers Steven Phillips and Thomas Luttrell moved to Benjamin Edwards to open a new office for the firm in Birmingham.
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May 6- Thor Industries Inc:. *Announces sale of SJC industries subsidiary. *Says sale of assets of sjc industries corp., a subsidiary that manufactures.
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*On May 2, 2013, co reduced size of its workforce by 20 employees- SEC filing. *On May 2, 2013, co's board of directors approved a reorganization plan to. savings of about $3 million in cash operating expenses beginning Q3 2013.
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May 6- Ledgemont Capital Group LLC, a boutique investment bank, filed for Chapter 7 bankruptcy to liquidate its assets, which it estimated at between $10 million and $50 million, according to court documents.
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There is a meaningful relationship between U.S. CMBS servicer ratings and the aging of real estate owned inventories, according to Fitch Ratings. In short, servicers with the highest ratings have shorter liquidation time lines than lower rated servicers.
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SAN FRANCISCO, May 6- In the past twelve months, Zynga Inc has struggled with a contracting player base, a deflated stock price and waves of layoffs.
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SAN FRANCISCO, May 6- In the past twelve months, Zynga Inc has struggled with a contracting player base, a deflated stock price and waves of layoffs.
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May 6- Godrej Properties Ltd:. *Board to consider rights issue.
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Construction group FCC is close to closing the sale of a 50 percent stake in its Latin American services subsidiary Proactiva to Veolia, online newspaper El Confidencial reports, citing financial sources. Pescanova will meet with administrators Deloitte and creditors on Monday to discuss the future of the company, Cinco Dias reports.
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May 6- NorthWest Healthcare Properties REIT:. *Northwest healthcare properties real estate investment trust announces acquisition of government anchored healthcare office portfolio in Winnipeg and various financings. *Says purchase price is $13.2 million.
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*Chung downplays market speculation of new U.S. plant for Hyundai or Kia. SEOUL, May 6- Hyundai Motor Group does not immediately plan to build a new car factory in the United States, Chairman Chung Mong- koo said on Monday, downplaying speculation that the South Korean automaker would soon announce production facilities in the key market.
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SEOUL, May 6- Hyundai Motor Group Chairman Chung Mong- koo said on Monday that the South Korean automaker has no plan to build a new car factory in the United States for now, downplaying market speculation that he would soon announce new production facilities in the key market.
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0847 GMT- Shares in Abu Dhabi energy firm Dana Gas. Abu Dhabi's benchmark index climbs 0.7 percent to 3,303 points. Dana Gas is already quite advanced in doing the preparatory work, legal and accounting, regulatory and financial, "he said at that time.
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SAN JOSE CHIAPA, Mexico, May 4- The automotive industry's growing love affair with Mexico was celebrated here on Saturday as Audi executives laid the foundation stone for its first assembly plant in the Americas.