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  • Dec 9- Baby boomer-focused catalog retailer Orchard Brands Sales Agency LLC is putting itself up for sale in a process that could fetch more than $500 million, people familiar with the situation said on Tuesday. The company has hired Goldman Sachs Group Inc to assist with the sale, the people said. Representatives for Orchard Brands and Goldman Sachs declined to...

  • Dec 9- Matthew Winkler, founding editor in chief of Bloomberg News, is stepping down from his role leading the news service and will be succeeded by The Economist magazine editor in chief John Micklethwait, Bloomberg said on Tuesday. Winkler will assume the title of editor in chief emeritus and will work directly with Bloomberg LP founder Michael Bloomberg, who...

  • *Deutsche Bank retains its rankings in league tables. FRANKFURT, Dec 9- Deutsche Bank's determination to be the last European in the upper echelons of global investment banking is an expensive waiting game for investors. Germany's flagship lender is holding its ground against U.S. leaders such as JP Morgan and Goldman Sachs in revenues, but its returns are...

  • HONG KONG, Dec 9- Shengjing Bank, a commercial lender owned by Chinese municipal governments, is seeking to raise about $1.3 bln in a Hong Kong initial public offering, IFR reported on Tuesday. The company is expected to start book-building later this week or early next week and the IPO is expected to be priced before Christmas, IFR, a Thomson Reuters publication,...

  • *Italy's credit downgrade weighs on sentiment. LONDON, Dec 8- European shares fell early on Monday, trimming some of the previous session's sharp gains after Italy's sovereign debt rating was cut late on Friday and following soft economic data from China and Japan. "The Italian downgrade is a reminder that the European sovereign debt crisis has not vanished...

  • HONG KONG/ MUMBAI, Dec 8- Some of the founders of Infosys Ltd sold shares worth $1.1 billion in India's second-largest IT services exporter on Monday, cashing in on a more than 20 percent gain in the stock since the company picked its first outsider as chief executive. Shibulal and K. Dinesh, members a group of seven engineers who founded Infosys in 1981 by pooling...

  • Analyzing the impact of the Supreme Court bar Monday, 8 Dec 2014 | 5:32 AM ET

    NEW YORK, Dec 8- Our reporting team used a wide array of data and computing tools to produce the most comprehensive analysis to date of the U.S. Supreme Court private bar. The data contained appeals filed during Supreme Court terms beginning in 2004 through 2012. At the time we began our analysis, it was the most complete data available. The data included about...

  • *Italy's credit downgrade weighs on sentiment. PARIS, Dec 8- European shares fell early on Monday, trimming some of the previous session's sharp gains after soft macro data from China and Japan. "Italy's downgrade is a good reminder that Europe is far from being out of the woods.

  • HONG KONG, Dec 8- Dalian Wanda Commercial Properties Co Ltd, the world's second largest developer of shopping malls and office buildings, cut the size of its Hong Kong IPO by around a third to $3.9 billion to lure investors worried about its huge debt, analysts said. "Investors will be concerned about the debt," said Alvin Cheung, associate director at Prudential...

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...

  • "In the next couple of quarters, should drilling and the build-out of infrastructure slow down, these are the guys that are going to get hit," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Goldman Sachs pointed out in a note this week that some big manufacturers have significant exposure to the oil and gas industry.

  • Dec 5- Private equity firm JH Partners has sold its 40 percent stake in jeweler Alex and Ani, according to people familiar with the matter, who added the charm bracelet maker could be worth as much as $1 billion. San Francisco- based JH Partners, which bought the stake in 2012, sold its holding to British buyout firm Lion Capital LLP, three people confirmed this week.

  • MILAN, Dec 5- Fiat Chrysler Automobiles began meeting U.S. investors on Friday after launching a $2.5 billion convertible bond issue and a share sale to reduce its debt pile and fund an ambitious investment plan. The newly created FCA, which moved its primary share listing to New York in October, wants to invest 48 billion euros over five years to turn Jeep, Maserati...

  • *Germany's DAX ends at record close of 10,087.12 points. PARIS, Dec 5- European stocks rallied on Friday, with Germany's DAX hitting a record closing high, boosted by data showing U.S. employers took on the most workers for nearly three years in November. Germany's DAX surged 2.4 percent, ending at a record closing high of 10,087.12 points.

  • LISBON, Dec 5- Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon- listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer...

  • LONDON, Dec 5- Rouble depreciation, Western sanctions and collapsing commodity prices have sent Russian companies' hard currency bonds tumbling to multi-year lows and there is very likely more stress ahead. With around $650 billion in external debt, more than $100 billion due for repayments in the coming year and global capital markets effectively shut to...

  • *Oil services shares drop as Brent at $69/ barrel. PARIS, Dec 5- European stocks extended their broad rally on Friday afternoon after data showed U.S. employers added the largest number of workers in nearly three years in November. It really fuels the bullish sentiment on the market, " Saxo Bank trader Pierre Martin said.

  • NEW YORK, Dec 4- Highland Capital Management, a relative newcomer to Argentina's sovereign debt crisis, placed a hefty bet on a resolution early in the new year by putting more than a quarter of its Global Allocation fund into the country's bonds. James Dondero, the founder of the Dallas- based investment firm with $20 billion under management, started buying...

  • U.S. retailers' November same-store sales Thursday, 4 Dec 2014 | 5:00 PM ET

    Dec 4- Click on http://tmsnrt.rs/1tMq0v3 for a table that compares U.S. retailers' reported November same-store sales with analysts' estimates published by Thomson Reuters.

  • These states- Texas, Florida, Arizona, Nevada, North and South Carolina, Georgia and California- accounted for about half of the total job growth in the 12 months to September, according to RBC Capital Markets. The shift bodes well for D.R. Horton Inc, the largest U.S. homebuilder, and rivals Lennar Corp and PulteGroup Inc, each of which gets a large part of its revenue...