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  • The answer will determine what is left for Genco shareholders after its lenders and other creditors are repaid. Financial advisers at Blackstone, which was retained by Genco to value the company, argued the shipper was worth between $1.36 billion and $1.44 billion based on the market value of its ships and other assets.

  • INSIGHT-Alstom loss is PR win for new Siemens chief Monday, 23 Jun 2014 | 8:44 AM ET

    *Siemens CEO earns praise for shrewd moves in Alstom battle. On Friday, the French government announced it had chosen U.S. conglomerate General Electric over Siemens and its bidding partner Mitsubishi Heavy Industries in the contest to acquire the energy assets of Alstom.

  • *Shell to focus on Gorgon, Prelude LNG in Australia. MELBOURNE, June 17- Royal Dutch Shell launched a long-anticipated sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.7 billion as it moves to focus on developing its own gas assets in Australia.

  • Under Basel, banks can determine how much debt they can take on by using their own models and computer systems to calculate how risky their assets are, among other methods. In other words, the Basel rules give banks a chance to monkey with their risk models to boost profit.

  • MOSCOW, May 29- Sberbank, Russia's biggest bank by assets, reported an 18 percent slide in profits on Thursday and more than doubled its provisions for bad loans, hit by the Ukraine crisis, a falling rouble and an economy flirting with recession.

  • MOSCOW, May 29- Sberbank, Russia's biggest bank by assets, reported an 18 percent slide in profits on Thursday and more than doubled its provisions for bad loans, hit by the Ukraine crisis, a falling rouble and an economy flirting with recession.

  • SAFT ON WEALTH-Sidelined Fed a boon for emerging markets Wednesday, 21 May 2014 | 4:20 PM ET

    May 21- U.S. interest rates are staying low for quite some time, a backdrop which should, all else equal, favor emerging markets. The taper has become reality, and yet, amid signs of economic weakness from Europe and the U.S., market interest rates have dropped and the bid for riskier assets has generally been relatively good.

  • LONDON, May 16- Emerging markets are among the biggest beneficiaries of a fresh rush for riskier assets by yield-hunting investors but almost indiscriminate demand today may be sowing the seeds for a bigger sell-off in future.

  • *Agrees to sell certain US assets for about $600 mln. *Sees 2015 capital spend $5.5- $6.0 bln, higher than 2014 forecast. May 16- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it expects to raise more than $4 billion this year from asset sales and by spinning off its oilfield services division.

  • RPT-YOUR MONEY-How wealthy families blow their assets Tuesday, 6 May 2014 | 11:07 AM ET

    NEW YORK, May 6- The basis of modern financial management rests on the promise that you can pass along what's left to future generations. A new survey from Merrill Lynch of wealthy families who have more than $5 million in investable assets attempts to find the obstacles in the road to sustainable wealth.

  • YOUR MONEY-How wealthy families blow their assets Tuesday, 6 May 2014 | 12:00 AM ET

    NEW YORK, May 6- The basis of modern financial management rests on the promise that you can pass along what's left to future generations. A new survey from Merrill Lynch of wealthy families who have more than $5 million in investable assets attempts to find the obstacles in the road to sustainable wealth.

  • May 1- Asset manager Legg Mason Inc's quarterly profit more than doubled as operating expenses fell and investors poured more money into its funds. Legg Mason said total assets under management rose 3.3 percent to $701.8 billion as of March 31 from the preceding quarter. Legg Mason has witnessed net outflows in seven of the last ten quarters.

  • Russia-themed mutual funds bruised by sanctions fears Thursday, 24 Apr 2014 | 7:29 AM ET

    LONDON, April 24- Russia- themed equity funds have sunk to the bottom of performance league tables as international tensions over Ukraine and fear of tougher Western sanctions hurt the value of Russian assets.

  • *AstraZeneca jumps 6.3 pct on M&A talk. The STOXX Europe 600 health care index rose 3.2 percent as AstraZeneca rallied on speculation about a bid approach from U.S. major Pfizer, while a deal to swap assets boosted GlaxoSmithKline and Novartis.

  • Genco said on Monday Baltic Trading Ltd, a company formed by Genco, and its units are not included in the restructuring program. Genco listed total assets of about $2.46 billion and liabilities of $1.46 billion, as of Feb. 28, according to its bankruptcy petition.

  • NEW YORK, April 17- The Federal Reserve logged $84 billion in net profit last year on its massive portfolio of assets, and average income will probably remain higher than before the financial crisis for another decade to come, according to an annual report.

  • *Bundesbank chief open in principle to QE, if it is needed. *Drop in inflation sees him open up to the idea. FRANKFURT, April 17- As recently as last November, Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy.

  • TOKYO, April 11- A group of investors have offered to take over the assets of Mt. The offer, filed with the Tokyo District Court last month, marks the first time that anyone has submitted a proposal to sponsor the rehabilitation of Mt.

  • LONDON, April 11- A shift by investors' back into emerging market assets gathered pace over the last week, with China and Russia seeing some of the biggest demand as EM inflows reached their highest rate in over a year.

  • April 10- Bill Gross, the co-founder and chief investment officer of Pimco, told Bloomberg Businessweek that his chosen successor, Mohamed El-Erian, never fully explained his decision to leave one of the largest investment firms in the world. , "Gross, who oversees nearly $2 trillion of assets, said El-Erian only told him:" I'm not the man to lead the company forward. "