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  • *BHP aims for at least $4 bln in savings by June 2017. MELBOURNE, Nov 24- BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices, and said the unloved assets it is spinning off are still making money despite the rout. BHP expects to reap savings of at least $4 billion by June 2017, up from an...

  • NEW YORK, Nov 21- Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. In a filing with the U.S. Bankruptcy Court in New York, Chief Financial Officer Ramon Rivera said getting protection from creditors should provide "necessary breathing room" for Aereo to sell its assets, recapitalize or...

  • PRECIOUS-Gold edges above $1,160/oz as dollar softens Thursday, 13 Nov 2014 | 5:33 AM ET

    *World gold demand dips 3 pct as China buying slides-WGC. LONDON, Nov 13- Gold edged higher on Thursday as a softer tone to the dollar helped support prices, though continued outflows from bullion-backed funds showed investor sentiment remained weak as other assets rose. Spot gold was up 0.1 percent at $1,161.85 an ounce at 1021 GMT, while U.S. gold futures for...

  • LISBON, Nov 11- Angolan investor Isabel dos Santos said on Tuesday she was willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent Brazil's Oi from selling PT's assets to a rival party. Dos Santos launched the bid for Portugal Telecom, a holding company with a 25.6 percent stake in the combined Oi-PT company, partly in an attempt to...

  • MUMBAI, Nov 11- India raised the minimum capital requirement for so-called shadow banks and tightened rules on deposits and bad loans to avoid any potential risk to the economy from these rapidly growing finance firms by regulating them like traditional banks. Assets of shadow banks, which include Capital First Ltd, Mahindra& Mahindra Financial Services Ltd...

  • LISBON, Nov 10- Brazilian telecom company Oi said on Monday it would push ahead with plans to take over the operational assets of Portugal Telecom, dismissing a gambit by Angolan businesswoman Isabel dos Santos that could scupper the deal. Oi announced last year a deal to merge with Portugal Telecom's phone and cable TV networks. But dos Santos, who is listed by...

  • Dendreon files for Chapter 11 bankruptcy Monday, 10 Nov 2014 | 2:22 AM ET

    Nov 10- Biotechnology company Dendreon Corp filed for chapter 11 bankruptcy protection on Monday and said it has reached agreements on the terms of a financial restructuring with certain bond holders. Dendreon said the restructuring may take the form of a stand-alone recapitalization or a sale of the company or its assets. Under the agreements, the senior...

  • Open vs. shut: The 2 headed coin of transparency Sunday, 9 Nov 2014 | 11:00 AM ET
    Financial statement

    Two studies offer different conclusions about whether big companies offer too little disclosure about their operations, or perhaps too much.

  • TOKYO/ SYDNEY, Nov 5- The dollar rose to a seven-year high against the Japanese yen on Wednesday after a victory by Republicans in the United States' mid-term elections raised hopes for an end to political gridlock in Washington, boosting sentiment for riskier assets. "Although the election results were not a complete surprise, the risk-on mood grew following...

  • Blackstone-led group unloads $2.27B in Hilton stock Monday, 3 Nov 2014 | 8:19 AM ET
    Tyler Henritze, senior managing director of real estate for Blackstone, attends the initial price offering (IPO) of Hilton Worldwide (HLT) on the floor of the New York Stock Exchange shortly after the opening bell on December 12, 2013 in New York City.

    Shareholders associated with the Blackstone Group are set to launch a massive secondary offering of Hilton Worldwide stock, the company said.

  • Nov 2- Altice SA said it made a fully financed offer to buy the Portuguese assets of Portugal Telecom from Oi SA. "These assets comprise the existing business of Portugal Telecom outside of Africa and excludes Portugal Telecom's Rio Forte debt securities, Oi treasury shares and Portugal Telecom financing vehicles," Altice said. It said the offer values the assets...

  • JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...

  • Oct 28- Miner and oil producer Freeport-McMoRan Inc said on Tuesday it is working toward reducing its debt to a targeted $12 billion by 2016 but that weak commodity and credit markets were making it tough to get good prices for assets. The Arizona- based company has sold nearly $5 billion worth of assets this year, including oil assets in Texas and copper mines in...

  • FRANKFURT, Oct 27- The European Central Bank's plan to buy private sector assets may fall short of its goal and pressure is likely to build for bolder action early next year, with government bond purchases an option, ECB sources said. ECB President Mario Draghi has said he wants the purchase plans, together with the provision of new cheap loans to banks, to increase...

  • *Deal would deconsolidate 2.6 bln euros of debt. MADRID, Oct 23- Spanish builder ACS will postpone until at least early 2015 a planned listing of its wind and solar power generating assets, a source with knowledge of the company's plans said on Thursday, joining a growing list of European firms pulling share offerings amid tough market conditions.

  • LONDON, Oct 21- Banks and shares in peripheral countries led a European rally on Tuesday after sources told Reuters the European Central Bank is considering buying corporate bonds to revive the region's economy. After a year-long review of Europe's 130 biggest banks, the ECB is set to announce on Oct. 26 which have valued their assets properly and which have not,...

  • LONDON, Oct 20- Portuguese government bond yields jumped on Monday as financial concerns over one of the country's largest listed companies and the approaching bankruptcy of the Espirito Santo family shook investor confidence in the fragile peripheral economy. The liquidation of the assets of Espirito Santo holding company Rioforte virtually ensures...

  • NEW YORK, Oct 17- Morgan Stanley, which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit. The bank's risk-weighted fixed-income trading assets have shrunk to $190 billion, close to its target of $180 billion by the end of next year, giving Morgan...

  • BRASILIA, Oct 15- The main subsidiary of Brazilian tycoon Eike Batista's iron ore mining company MMX Mineracao e Metalicos SA filed a bankruptcy protection petition before a Brazilian court on Wednesday. MMX Sudeste Mineracao SA, the unit that holds MMX's main mining assets, made the request after negotiations with creditors and efforts to seek new investors...

  • LONDON, Oct 14- Gold retreated from an earlier four-week high on Tuesday, losing momentum as lackluster euro zone data hurt the euro versus the dollar, though fears over global growth limited losses. Spot gold was at $1,234.45 an ounce at 1410 GMT, down 0.2 percent, after briefly touching a four-week high of $1,237.90/ oz earlier. "For zero-yielding assets held as a...