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  • UPDATE 1-RadioShack says may file for bankruptcy Thursday, 11 Sep 2014 | 7:55 AM ET

    Sept 11- Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy if its cash situation worsens, after reporting its tenth straight quarterly loss. RadioShack, whose sales have been in a free-fall since 2010, said it was working with its lenders and landlords to restructure its debt and cut costs.

  • RadioShack warns of possible Ch. 11 bankruptcy Thursday, 11 Sep 2014 | 7:41 AM ET

    NEW YORK— RadioShack warned Thursday that it may need to file for Chapter 11 bankruptcy reorganization if it can't rework its debt or find another way to ease a cash crunch. RadioShack, which is based in Fort Worth, Texas, has been working on turning around its business for the past 18 months.

  • BUENOS AIRES, Sept 11- Argentina's Congress gave final approval on Thursday to a law proposing to restructure the country's debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable Argentina to make payments on its foreign-held bonds locally or elsewhere beyond the reaches of the U.S. court.

  • UPDATE 1-RadioShack restructuring begins to takes shape Wednesday, 10 Sep 2014 | 8:26 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp, whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.

  • Syncora had argued it had been short-changed compared to other creditors. If approved, the deal will see Syncora drop its objection to the restructuring and the trial- which is studying the feasibility of Detroit's plan to exit bankruptcy- could get a swift approval from U.S.

  • Revel says it has $90M offer to buy closed casino Wednesday, 10 Sep 2014 | 6:49 PM ET

    ATLANTIC CITY, New Jersey— A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents. The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.

  • Kardashian store closing at Las Vegas Strip resort Wednesday, 10 Sep 2014 | 6:23 PM ET

    LAS VEGAS— After three years, the Kardashian family is closing a store at The Mirage Hotel and Casino in Las Vegas that was fashioned as a "celebrity lifestyle boutique." MGM Resorts International spokesman Shant Apelian said Wednesday that "Kardashian Khaos" will close Oct. 30.

  • DETROIT, Sept 10- A federal judge on Wednesday put the landmark trial on Detroit's plan to exit bankruptcy on hold until Monday, as the city neared a deal with one of its most formidable hold-out creditors. Syncora, which emerged as Detroit's fiercest opponent in the bankruptcy proceedings, forged a deal that its attorney, Ryan Bennett at Kirkland& Ellis, told U.S.

  • RadioShack plunges after brokerage cuts price target to $0 Wednesday, 10 Sep 2014 | 12:01 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year.

  • TRW to sell engine valve unit to Federal-Mogul Wednesday, 10 Sep 2014 | 10:26 AM ET

    NEW YORK— TRW Automotive is selling its engine valve business to Federal-Mogul Holdings Corp. for $385 million as the maker of airbags, steering wheels and emergency braking systems seeks to focus on its car safety products business. Federal-Mogul said the acquisition will help boost its powertrain business.

  • Detroit bankruptcy trial on hold after major deal Wednesday, 10 Sep 2014 | 8:53 AM ET

    DETROIT— DETROIT— In a story Sept. 9 about a tentative agreement reached between Detroit and major creditor Syncora in its bankruptcy trial, The Associated Press reported erroneously that Steven Schlein is a spokesman for Syncora. Schlein does public relations for Kirkland& Ellis, a law firm representing Syncora.

  • UN assembly calls for action on national debt Wednesday, 10 Sep 2014 | 8:22 AM ET

    UNITED NATIONS— The U.N. General Assembly voted overwhelmingly Tuesday in favor of a resolution that calls for adoption of a new legal framework to restructure national debts and avoid the kind of speculative action that led Argentina to a second default. General Assembly resolutions reflect world opinion but they are not legally binding.

  • AP Top Financial News At 7:16 a.m. EDT Wednesday, 10 Sep 2014 | 7:16 AM ET

    Currency question at heart of Scottish debate Dollar General goes hostile in bid for rival China's premier promises more open economy Ahead of the Bell: US wholesale inventories Apple unveils smartwatch, bets on wearable devices Global stocks lower on growth worries, Fed jitters Lufthansa cancels 140 flights in pilots' strike Long-delayed data show Venezuela inflation rising Hundreds of W.Va. mines workers warned of layoffs Economic forecast in much of world: Dim to gloomy

  • AP Top Extended Financial Headlines At 7:16 a.m. EDT Wednesday, 10 Sep 2014 | 7:16 AM ET

    Scotland faces range of options, risks if it breaks from UK Dollar General launches hostile, $9.1 billion bid for rival discounter Family Dollar China's Li promises more open economy amid complaints about anti-monopoly crackdown US stockpiles at wholesale level likely to show gain in July, reflecting stronger sales Apple unveils smartwatch, mobile payment system in biggest expansion since death of Steve Jobs Global stocks lower amid worries about possible US rate hike, weak Chinese growth and Scotland Lufthansa cancels 140 flights in latest pilots' strike; more than 15,000 passengers affected Venezuelan annual inflation reaches 63 pct in August as currency troubles make goods scarce Patriot Coal Corp. warns hundreds of mine workers in W.Va. layoffs could occur Global gloom: Pew survey finds widespread dissatisfaction with economic performance

  • AP Top Financial News At 7:14 a.m. EDT Wednesday, 10 Sep 2014 | 7:14 AM ET

    Currency question at heart of Scottish debate Dollar General goes hostile in bid for rival China's premier promises more open economy Ahead of the Bell: US wholesale inventories Apple unveils smartwatch, bets on wearable devices Global stocks lower on growth worries, Fed jitters Lufthansa cancels 140 flights in pilots' strike Long-delayed data show Venezuela inflation rising Hundreds of W.Va. mines workers warned of layoffs Economic forecast in much of world: Dim to gloomy

  • AP Top Extended Financial Headlines At 7:14 a.m. EDT Wednesday, 10 Sep 2014 | 7:14 AM ET

    Scotland faces range of options, risks if it breaks from UK Dollar General launches hostile, $9.1 billion bid for rival discounter Family Dollar China's Li promises more open economy amid complaints about anti-monopoly crackdown US stockpiles at wholesale level likely to show gain in July, reflecting stronger sales Apple unveils smartwatch, mobile payment system in biggest expansion since death of Steve Jobs Global stocks lower amid worries about possible US rate hike, weak Chinese growth and Scotland Lufthansa cancels 140 flights in latest pilots' strike; more than 15,000 passengers affected Venezuelan annual inflation reaches 63 pct in August as currency troubles make goods scarce Patriot Coal Corp. warns hundreds of mine workers in W.Va. layoffs could occur Global gloom: Pew survey finds widespread dissatisfaction with economic performance

  • AP Top Financial News At 7:07 a.m. EDT Wednesday, 10 Sep 2014 | 7:08 AM ET

    Currency question at heart of Scottish debate Dollar General goes hostile in bid for rival China's Li promises more open economy Ahead of the Bell: US wholesale inventories Apple unveils smartwatch, bets on wearable devices Global stocks lower on growth worries, Fed jitters Lufthansa cancels 140 flights in pilots' strike Long-delayed data show Venezuela inflation rising Hundreds of W.Va. mines workers warned of layoffs Economic forecast in much of world: Dim to gloomy

  • AP Top Extended Financial Headlines At 7:07 a.m. EDT Wednesday, 10 Sep 2014 | 7:08 AM ET

    Scotland faces range of options, risks if it breaks from UK Dollar General launches hostile, $9.1 billion bid for rival discounter Family Dollar China's Li promises more open economy amid complaints about anti-monopoly crackdown US stockpiles at wholesale level likely to show gain in July, reflecting stronger sales Apple unveils smartwatch, mobile payment system in biggest expansion since death of Steve Jobs Global stocks lower amid worries about possible US rate hike, weak Chinese growth and Scotland Lufthansa cancels 140 flights in latest pilots' strike; more than 15,000 passengers affected Venezuelan annual inflation reaches 63 pct in August as currency troubles make goods scarce Patriot Coal Corp. warns hundreds of mine workers in W.Va. layoffs could occur Global gloom: Pew survey finds widespread dissatisfaction with economic performance

  • AP Top Financial News At 6:50 a.m. EDT Wednesday, 10 Sep 2014 | 6:50 AM ET

    Dollar General goes hostile in bid for rival China's Li promises more open economy Ahead of the Bell: US wholesale inventories Apple unveils smartwatch, bets on wearable devices Global stocks lower on growth worries, Fed jitters Currency question at heart of Scottish debate Long-delayed data show Venezuela inflation rising Hundreds of W.Va. mines workers warned of layoffs Economic forecast in much of world: Dim to gloomy Spanish banking titan Emilio Botin dead at age 79

  • AP Top Financial News At 6:49 a.m. EDT Wednesday, 10 Sep 2014 | 6:49 AM ET

    Dollar General goes hostile in bid for rival China's Li promises more open economy Ahead of the Bell: US wholesale inventories Apple unveils smartwatch, bets on wearable devices Global stocks lower on growth worries, Fed jitters Currency question at heart of Scottish debate Long-delayed data show Venezuela inflation rising Hundreds of W.Va. mines workers warned of layoffs Economic forecast in much of world: Dim to gloomy Spanish banking titan Emilio Botin dead at age 79