*Heavy restocking seen in China, some gold scrap seen. LONDON, Feb 18- Net gold demand fell 15 percent in 2013 as huge outflows from physically backed investment funds outweighed record consumer demand but that disinvestment is tailing off this year, the World Gold Council said on Tuesday.» Read More
Oct 31- Senior lenders to Energy Future Holdings are upset that the company plans to make a critical interest payment to junior bondholders on Friday, but they likely have no legal recourse to prevent it, according to experts and people close to the matter.
*Suntech has until Nov. 6 to respond to the filing. Oct 31- Chinese solar panel maker Suntech Power Holdings Co Ltd said it intended to contest a bankruptcy petition filed against it in the United States by some bondholders.
SAO PAULO, Oct 31- Brazilian investment firm Cambuhy Investimentos Ltda and Germany's E.ON SE joined to buy control of OGX Petróleo e Gás Participações SA's gas unit for 250 million reais, helping the beleaguered oil company raise funds after seeking court protection from creditors.
CHICAGO, Oct 30- Two years ago on Halloween thousands of U.S. grain farmers got the scare of their lives when broker MF Global collapsed and more than a billion dollars of their money went missing. MF Global customers have now, through a court-appointed trustee, recovered about 98 percent of the money, which had been in supposedly "safe" margin accounts.
Oct 30- OGX Petróleo e Gas Participações SA, the Brazilian oil company controlled by former billionaire Eike Batista, sought court protection from creditors on Wednesday in Latin America's largest-ever corporate bankruptcy filing.
NEW YORK, Oct 30- A federal judge has made it easier for the trustee seeking money for Bernard Madoff's victims to pursue more than $8 billion of claims against banks and other financial firms that received money from "feeder funds" that profited from the swindler's massive Ponzi scheme.
SAO PAULO/ RIO DE JANEIRO/ NEW YORK, Oct 28- A ttempts to save Eike Batista's flagship oil company, the business most responsible for the meltdown of his once high-flying industrial empire, have been hampered by internal conflict and unpredictable decisions by the Brazilian tycoon, sources with direct knowledge of the situation told Reuters.
Oct 23- Strong demand for W.R. Grace& Co's construction, packaging and coatings materials helped quarterly profit scrape past analysts' estimates, even as prices of chemical catalysts, its main business, remained low.
*Third-qtr earnings 99 cents/ shr vs loss of $1.49 year earlier. Oct 22- CIT Group Inc reported its third straight quarterly profit that also beat analysts' estimates as the century-old small-business lender benefited from lower interest payments on its long-term debt.
NEW YORK, Oct 18- Ernst& Young has agreed to pay $99 million to former Lehman Brothers investors who have accused the auditor of helping Lehman misstate its financial records before the investment bank's collapse triggered a financial crisis in 2008..
NEW YORK, Oct 18- Former Lehman Brothers investors have reached a $99 million settlement with Ernst& Young, the defunct financial firm's erstwhile auditor, over allegations it helped Lehman misstate its financial records.
LOS ANGELES, Oct 18- Power company NRG Energy Inc on Friday said it would pay $2.635 billion to acquire the assets of bankrupt unregulated power producer Edison Mission Energy, adding nearly 8,000 megawatts of coal, gas and wind generation to its business. Princeton, New Jersey- based NRG will also assume $1.545 billion of EME's non-resource debt.
LOS ANGELES, Oct 18- Power company NRG Energy Inc on Friday said it would pay $2.635 billion to acquire the assets of bankrupt unregulated power producer Edison Mission Energy, adding nearly 8,000 megawatts of electricity generation capacity to its business.
NEW YORK, Oct 17- Federal Reserve officials sighed in relief on Thursday after the U.S. government avoided a potentially devastating default, relieving the central bank of the need to take yet more extraordinary measures to stabilize the financial system.
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to exit the oil company and for OGX to seek bankruptcy protection, sources told Reuters.
RIO DE JANEIRO/ SAO PAULO, Oct 16- The ouster of OGX's chief executive opens the door for embattled Brazilian tycoon Eike Batista to give up control of the oil company and for OGX to file for bankruptcy protection, sources told Reuters.
*Gold down nearly 3 percent, copper at one-week low. NEW YORK, Oct 1- Oil prices ended lower on Tuesday and extended losses after the market closed as U.S. politicians continued battling over how to overcome a budget impasse that shut down Federal agencies and programs.
PODGORICA, Sept 26- There was once a time when a job at Podgorica's sprawling aluminium plant meant a free apartment, a discount on holiday rentals and a large dose of prestige in socialist Yugoslavia. That's 10 percent of the economic output of Montenegro, the tiny Adriatic republic that inherited KAP when Yugoslavia fell apart in war in the 1990 s.
*Traders see prices softening over China holidays next week. SINGAPORE, Sept 26- London copper reversed early losses to trade higher on Thursday, supported by firm demand in top consumer China, although renewed worries over a U.S. federal debt default kept gains in check.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.