Bankruptcy
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UPDATE 2-Cost cuts help Germany's Metro counter weak sales
* Shares rise 7 percent to top retail index (Adds CEO, analyst comments, shares, detail, background)
Metro AG Q2 sales fall 3.6 pct on Europe weakness
FRANKFURT, Aug 1 - Germany's Metro AG said second-quarter sales fell 3.6 percent as it grappled with tough European markets and a strike at its Real supermarket stores.
PRESS DIGEST - Wall Street Journal - Aug 1
Aug 1 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
As solar panels pile up, China takes axe to polysilicon producers
HONG KONG, Aug 1 - Three quarters of China's solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany's Wacker Chemie AG and South Korea's OCI Co Ltd.
UPDATE 1-Despite Detroit, U.S. public finance ratings improve -S&P
WASHINGTON, July 30 - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter despite the default by Detroit, Standard & Poor's Ratings Service said on Tuesday, as it noted that its upgrades of municipal debt outpaced downgrades.
S&P says U.S. public finance rating trends positive, despite Detroit
WASHINGTON, July 30 - Rating trends across the U.S. public finance sector were "decidedly positive" in the second quarter, despite the default by Detroit, Standard & Poor's Ratings Service said in a report showing that its upgrades of municipal debt outpaced downgrades.
COLUMN-Should you worry about Detroit's pension woes?
CHICAGO, July 30 - The news from Detroit is enough to rattle anyone relying on a traditional pension: an unprecedented bankruptcy filing by a major U.S. city that opens the door to possible sharp cuts in benefits.
UPDATE 1-October trial proposed for Detroit bankruptcy eligibility
July 30 - U.S. Bankruptcy Judge Steven Rhodes on Tuesday proposed speedy deadlines for Detroit's municipal bankruptcy filing, including an October trial to determine if the city can pursue bankruptcy and a March 1, 2014 date for it to file a reorganization plan.
UPDATE 1-Germany's Praktiker appoints Macquarie in hunt for investor
* Interest from private equity (Adds administrator comments from press conference)
U.S. bankruptcy judge proposes deadlines in Detroit bankruptcy case
July 30 - U.S. Bankruptcy Judge Steven Rhodes on Tuesday proposed speedy deadlines for Detroit's municipal bankruptcy filing, including a March 1, 2014 date for the city to file a reorganization plan.
- M&A: Poland picks advisers for listing of power company Energa
- IPOs: New Issue-RFF adds 50 mln stg to 2015 bond
- Private Capital: Deals of the day -- mergers and acquisitions
- Hedge Funds: Growth 'survivors' now define emerging markets
- Regulatory News: UPDATE 1-Kansas meatpacker recalls beef on contamination issues
- Fugitive Snowden slips out of Moscow airport for secret location
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- U.S. jobless claims drop to 5-1/2 year low
- Huge explosion hits Syria's Homs city: video
- Tsvangirai denounces Zimbabwe vote as 'huge farce'
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- Egypt's rulers tell pro-Mursi protesters to quit camps
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- ECB holds rates, confirms no move for 'extended period'
- Spain's Rajoy says he was wrong to trust treasurer in party funding scandal
- Drugmakers fear short-term 'turmoil' as China probes widen
- U.S., Pakistan agree to start new chapter in long-strained relations
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- Assad says sure he will defeat Syrian rebels

