Thursday, May 4, 2017

Asian stocks tread water on U.S., commodities concerns

HONG KONG (Reuters) - Asian stocks are set for a third straight day of losses on Friday as a retreat in crude oil and other commodities prices knocked global sentiment, although receding concerns about France's presidential election kept the euro near six-month highs.

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Warren Buffett says he sold a third of stake in IBM: CNBC

(Reuters) - Berkshire Hathaway's Warren Buffet has sold about a third of his stake in IBM Corp during the first and second quarter of 2017, CNBC reported.

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Greenlight says documents show GM tried to undermine dual-share plan

(Reuters) - Greenlight Capital escalated its battle against General Motors Co on Thursday, posting credit ratings documents that it said the automaker inappropriately changed to undermine the hedge fund's proposal to create two classes of GM stock.

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U.S. Senate passes bill to fund government through September

WASHINGTON (Reuters) - The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open through September, a measure President Donald Trump is expected to sign before Friday's deadline.

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Wall Street drops with oil prices, health bill vote awaited

(Reuters) - U.S. stocks were lower in early afternoon trading on Thursday as a steep fall in crude oil prices weighed on energy shares and with healthcare stocks in focus ahead of a cliffhanger vote on repealing Obamacare.

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Kraft Heinz to cut jobs, shutter factories under integration plan

(Reuters) - Kraft Heinz Co said on Thursday it would cut about 13 percent of its workforce, close factories and consolidate its distribution network as part of its efforts to merge Kraft Foods and H.J. Heinz.

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OPEC likely to extend output pact, bigger oil cut unlikely: delegates

LONDON/DUBAI (Reuters) - OPEC and non-OPEC oil producers look likely to extend their agreement to limit supplies beyond its June expiry to help clear a glut, three OPEC delegates said on Thursday, downplaying the chance of additional steps such as a bigger cut.

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