Viacom's independent directors vow to fight ouster attempt

NEW YORK (Reuters) - Viacom Inc's six independent directors vowed on Monday to fight any attempt to oust them from the board, saying they found "inexplicable" the assertion that controlling shareholder Sumner Redstone was mentally competent and acted of his own free will.

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U.S. union say Verizon to add 1,300 jobs, provide 10.9 percent pay hikes

(Reuters) - Verizon Communications Inc has agreed to add 1,300 new jobs on the U.S. East Coast and provide 10.9 percent in pay raises over four years under a tentative deal between the company and unions, the Communications Workers of America said on Monday.

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Boeing set to win $2.9 billion contract from UK MoD: the Telegraph

(Reuters) - Boeing Co is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, the Telegraph reported.

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Noble Group's CEO resigns in surprise move, to sell U.S. energy unit

SINGAPORE (Reuters) - Embattled commodity trader Noble Group announced the surprise resignation of CEO Yusuf Alireza on Monday and said it planned to sell a U.S. unit to bolster its balance sheet as it seeks to regain investor confidence.

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Fed's Bullard says global markets seem well-prepared for summer rate hike

SEOUL (Reuters) - St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be "well-prepared" for a summer interest rate hike from the Fed, although he did not specify a date for the policy move.

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Japan weak retail sales bolsters tax hike delay plan

TOKYO (Reuters) - Japanese retail sales fell in April for the second consecutive month, bolstering the argument that a nationwide sales tax increase scheduled for April next year should be delayed.

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China bets on duty-free paradise to keep luxury spenders at home

SANYA, China (Reuters) - China's efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury.

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Data analysis from Paris raid on Google will take months, possibly years: prosecutor

PARIS (Reuters) - Analysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday.

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Suncor Energy says resuming operations after Canada wildfire

TORONTO (Reuters) - Suncor Energy Inc is resuming operations after its sites in Canada's energy heartland of Alberta stopped production because of a wildfire, the company said on Sunday.

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Bourbon maker Brown-Forman shares seen expensive

NEW YORK (Reuters) - Shares of Brown-Forman , which makes Jack Daniel's and other liquors, are seen as pricey as the world's top bourbon seller faces slowing growth in an increasingly crowded field, Barron's said in its latest online edition.

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Lufthansa suspends Caracas flights as Venezuelan economy struggles

CARACAS (Reuters) - German airline Deutsche Lufthansa AG said on Saturday it will temporarily suspend flights to Venezuela as of next month due to economic difficulties in the South American nation and problems converting local currency into dollars.

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Japan's Abe to delay sales tax hike until 2019: government source

TOKYO (Reuters) - Prime Minister Shinzo Abe plans to delay an increase in Japan's sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election.

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Yellen says Fed rate hike likely appropriate in coming months

CAMBRIDGE, Mass. (Reuters) - The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July.

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Fed reaction to data barrage is focus for stocks

NEW YORK (Reuters) - Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. Federal Reserve are expected next week.

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Verizon strike seen cutting 35,000 jobs off U.S. May payrolls

WASHINGTON (Reuters) - The strike by Verizon Communications Inc workers will likely trim U.S. nonfarm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday.

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U.S. economic growth revised higher in first quarter; profits rebound

WASHINGTON (Reuters) - U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the impact of modest consumer spending and soft business investment.

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Stock futures flat as investors await Yellen, GDP data

(Reuters) - U.S. stock index futures were little changed on Friday as cautious investors braced for a speech by Federal Reserve Chair Janet Yellen and the second reading of gross domestic product data for the first quarter.

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Adidas sells U.S. apparel firm Mitchell & Ness

FRANKFURT (Reuters) - Adidas said it had agreed to sell U.S. sportswear seller Mitchell & Ness, resulting in a one-time gain in a the low to medium double-digit million euro range.

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Automakers recall 12 million U.S. vehicles over Takata air bags

WASHINGTON (Reuters) - Eight automakers said on Friday they are recalling more than 12 million vehicles in new recalls related to defective Takata air bags, according to documents posted by U.S. government regulators.

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U.S. business spending mired in weakness, but economy picking up

WASHINGTON (Reuters) - U.S. business spending intentions weakened in April for a third straight month amid soft demand for machinery, but a surge in contracts to purchase previously owned homes to a 10-year high supported views economic growth was gaining speed.

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Fed's Powell says interest rates could rise 'fairly soon'

WASHINGTON (Reuters) - A U.S. rate hike may come "fairly soon" if data confirm the economy is continuing to grow and labor markets are still tightening, Federal Reserve Governor Jerome Powell said on Thursday in remarks that may help tee up higher rates as soon as mid-June.

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Cartel or talking shop? OPEC awaits Saudi ruling

DUBAI/LONDON (Reuters) - For those seeking guidance on Saudi Arabia's thinking regarding the future of OPEC, the last few weeks' agenda of the new Saudi energy minister, Khalid al-Falih, might offer a few clues.

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U.S. jobless claims fall more than expected last week

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, moving back to near cycle lows as the labor markets

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Stock futures slightly higher as economic data awaited

(Reuters) - U.S. stock index futures were slightly higher on Thursday, after the S&P 500 posted its strongest two-day run since early March, and as investors await data to gauge the economy's strength.

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Fed's Bullard: tight U.S. labor market may put upward pressure on inflation

SINGAPORE (Reuters) - U.S. labor markets are relatively tight and may put upward pressure on inflation, St. Louis Federal Reserve President James Bullard said on Thursday.

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Exclusive: New York financial regulator gearing up to probe online lenders - source

(Reuters) - New York state's financial regulator, which recently launched a probe into LendingClub Corp, is preparing to look into the activities at other online lenders and whether they should be licensed in New York, a person familiar with the matter said on Wednesday.

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Brent oil pushes above $50 for first time in nearly seven months

SINGAPORE (Reuters) - Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week.

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HP Inc profit beats Street amid weak market for PCs, printers

(Reuters) - HP Inc , which houses the former Hewlett-Packard Co's legacy hardware business, reported a better-than-expected quarterly profit as aggressive cost cutting helped counter weak demand for personal computers and printers.

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Exxon shareholders pass measure that may put climate expert on board

DALLAS/SAN RAMON, Calif. (Reuters) - Voters at Exxon Mobil Corp's annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at the world's largest publicly traded oil company.

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Bayer could get ECB financing for Monsanto bid, rules show

FRANKFURT (Reuters) - Bayer could receive financing from the European Central Bank that would help to fund a takeover of Monsanto , according to the terms of the ECB's bond-buying program.

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Oil up near $50 on bets for large U.S. crude drawdown

NEW YORK (Reuters) - Oil prices were up more than 1 percent on Wednesday, with market bulls targeting $50 a barrel and beyond, on expectations the U.S. government will report a large crude stockpiles drawdown for last week.

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SEC investigating Alibaba's accounting practices

(Reuters) - Alibaba Group Holding Ltd said it was being investigated by the U.S. Securities and Exchange Commission over whether the Chinese e-commerce company's accounting practices violated any federal laws.

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Citigroup to pay $425 million over attempted benchmark manipulation

WASHINGTON (Reuters) - Citigroup and its affiliates have agreed to pay a collective $425 million to resolve civil charges the bank attempted to manipulate several key benchmarks, including the U.S. dollar ISDAFIX, the Yen Libor and the Euroyen TIBOR, the Commodity Futures Trading Commission said.

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Stock futures track rise in global equities, oil

(Reuters) - U.S. stock index futures were higher on Wednesday, mirroring global equities, as oil prices rose and investors got more comfortable with the prospect of interest rate hike as early as this summer.

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Asian shares gain, dollar firm as US data soothes rate fears

TOKYO/SINGAPORE (Reuters) - Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months.

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Exclusive: Sanofi to unveil challenge to Medivation's board - sources

(Reuters) - France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter.

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Apple rehires prominent security pro as encryption fight boils

SAN FRANCISCO (Reuters) - Apple Inc , which has resisted pressure from U.S. law enforcement to unlock encrypted iPhones, this month rehired a top expert in practical cryptography to bring more powerful security features to a wide range of consumer products.

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EU regulators clear $100 billion-plus AB InBev, SABMiller deal

BRUSSELS - EU antitrust regulators approved on Tuesday Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller on condition that it sell almost the whole of SABMiller's beer business in Europe.

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Sumner Redstone appoints two new members to his trust

NEW YORK (Reuters) - Sumner Redstone, chairman emeritus of Viacom Inc said on Tuesday he has appointed two‎ new trustees to a trust that will determine the direction of the media conglomerate and CBS in the event of his incapacitation or death.

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Exclusive: Monsanto to reject Bayer bid, seek higher price - sources

(Reuters) - Monsanto Co will reject Bayer AG's $62 billion acquisition bid and seek a higher price, two people familiar with the matter said on Tuesday.

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Anthem CEO says Cigna deal moving forward with antitrust review

NEW YORK (Reuters) - Anthem Inc Chief Executive Officer Joseph Swedish on Tuesday said that the antitrust process with Cigna Corp is moving forward as expected - including on the national level - and that tensions with the smaller insurer about the review are in the past.

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Higher home sales, prices drive Toll Brothers revenue beat

(Reuters) - Toll Brothers Inc's quarterly revenue jumped nearly 31 percent, beating analysts' estimates, as the company sold more luxury homes at higher prices, mainly in California.

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Stock futures rise, but focus still on Fed

(Reuters) - U.S. stock index futures were higher on Tuesday even as investors continue to focus on the timing of future interest-rate hikes.

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French investigators raid Google's Paris HQ over tax case - source

PARIS (Reuters) - French investigators are raiding Google's Paris headquarters as part of a probe over tax payments, a source close to the finance ministry told Reuters on Tuesday.

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Financial tech startups compete for overlooked U.S. immigrant market

MEXICO CITY (Reuters) - For two decades, Noe Sanchez sent money from California to his father in Mexico City through storefront outlets of traditional remittance firms such as Western Union.

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G7 to examine economic risk, vow policy mix to spur growth: sources

TOKYO (Reuters) - Leaders from the Group of Seven advanced economies will examine potential risks to the global economy when they gather this week for their summit in western Japan, government sources told Reuters.

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Asian shares trade languidly, dollar edges up

TOKYO (Reuters) - Asian shares were nearly flat in early trading on Tuesday, while the dollar rebounded from steep losses against the yen in the previous session.

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Doubts mount over merger of health insurers Anthem, Cigna

(Reuters) - Wall Street expressed growing doubts about a pending $54 billion merger of U.S. health insurers Anthem Inc and Cigna Corp on Monday as news of management squabbles added to concerns over its review by antitrust regulators.

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Fed's Bullard: rates too low for too long could be risky

BEIJING (Reuters) - U.S. interest rates being kept too low for too long could cause financial instability in future and stronger market expectations for a rate rise are "probably good", St. Louis Federal Reserve President James Bullard said on Monday.

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Futures slightly lower as oil prices slip

(Reuters) - U.S. stock index futures were slightly lower on Monday as oil prices fell and investors awaited speeches by Federal Reserve officials this week for clues on the timing of the next rate increase.

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Global stocks see-saw, yields slip as investors get week off to cautious start

LONDON (Reuters) - Stocks seesawed on Monday while oil, the dollar and bond yields all fell as investors began the week cautious about prospects that U.S. interest rates could soon be raised.

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Bayer announces $62 billion cash offer for Monsanto

FRANKFURT (Reuters) - German drugs and chemicals group Bayer AG said it had made an offer to buy U.S. seeds company Monsanto Co for $122 per share in cash, or a total value of $62 billion, to create the world's biggest agricultural supplier.

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Iran has no plans to freeze oil exports, official says ahead of OPEC meeting

DUBAI (Reuters) - Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels.

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Oil prices dip on strong dollar, firm global supplies

SINGAPORE (Reuters) - Oil prices slipped in early Asian trade on Monday on a strong dollar as the odds grow of a June or July rate hike, and signs that global oil supply is holding up even as unplanned outages rise to at least a five-year high.

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To halt smartphone slide, Samsung rewrites playbook

SEOUL (Reuters) - From the way it chooses smartphone components to the models it brings to market, Samsung Electronics has undergone a painful process of breaking from its past to reverse a slide in its handset business.

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Anthem, Cigna merger squabbles could delay antitrust approval: WSJ

WASHINGTON (Reuters) - Quarrels have broken out behind the scenes of Anthem Inc's proposed acquisition of Cigna Corp , as the health insurers seek regulatory approval for their landmark deal, the Wall Street Journal reported on Sunday.

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Boeing shares could fall 15 percent if sales slow: Barron's

(Reuters) - Boeing Co's stock could fall as much as 15 percent if sales of its aircraft fall on weakening demand, according to a report on Sunday in the financial publication Barron's.

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First Data shares could rise more than 70 percent: Barron's

(Reuters) - First Data Corp shares could rise as much as 70 percent if the company's performance continues to improve, according to a report on Sunday from the financial publication Barron's.

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Viacom says its board has not had access to Redstone

NEW YORK (Reuters) - Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul.

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

SAN JUAN (Reuters) - Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month.

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Sumner Redstone removes Viacom CEO and board member from trust

(Reuters) - Media mogul Sumner Redstone has removed Viacom CEO Philippe Dauman and Viacom board member George Abrams from the seven-person trust that will determine the fate of both Viacom and CBS in the event of his incapacitation or death, two people familiar with the situation told Reuters Friday.

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Economic data keeps Fed in focus for stocks

NEW YORK (Reuters) - Economic data will garner most of the attention next week, with investors placing a heavy weight on a host of reports as they try and determine the likelihood of a rate hike by the U.S. Federal Reserve at its June meeting.

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Dean Foods' Davis said he threw phone in creek to hinder FBI

NEW YORK (Reuters) - Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI agents visited his home, according to a transcript of his guilty plea.

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Banks identify possible replacements for U.S. Libor

NEW YORK (Reuters) - A group of global banks and clearing houses, working with U.S. regulators, said on Friday it has identified two possible replacements for Libor, the benchmark interest rate for $160 trillion worth of credit for everything from home mortgages to corporate loans.

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NY Fed's 'nowcast' estimate of second-quarter GDP rises to 1.7 percent

WASHINGTON (Reuters) - The U.S. economy is on track to expand at an annualized rate of 1.7 percent in the second quarter, half a percentage point higher than estimated a week earlier, the New York Federal Reserve said on Friday.

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Exclusive: EU regulators to conditionally clear AB Inbev, SABMiller deal - sources

BRUSSELS/LONDON (Reuters) - European Union antitrust regulators are to conditionally approve world No. 1 brewer Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller , three people familiar with the matter said on Friday.

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U.S. existing home sales rise for second straight month, inventory still tight

WASHINGTON (Reuters) - U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter.

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Tarullo: standards for 'too big to fail' insurance firms coming soon

WASHINGTON (Reuters) - The Federal Reserve will soon take up prudential standards and liquidity requirements for insurance companies deemed "too big to fail" that are intended to head off risks to financial stability, Fed Governor Daniel Tarullo said in a speech to the National Association of Insurance Commissioners on Friday.

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Exclusive: Suppliers question Tesla's goals for Model 3 output

DETROIT/SAN FRANCISCO (Reuters) - Tesla Motors Inc has surprised parts makers with plans to move up the launch of high-volume production of its Model 3 to 2018, two years earlier than planned - an acceleration that supplier executives and industry consultants said would be difficult to achieve and potentially costly.

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Exclusive: EU aims to rule on Amazon's Luxembourg tax deal by July - sources

BRUSSELS - EU state aid regulators aim to rule on Amazon's tax deal with Luxembourg by July, two people familiar with the matter said on Thursday, and it may order the country's tax authorities to recover about 400 million euros ($448 million) in back taxes.

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Asian shares poised for weekly loss, Fed talk lifts dollar

TOKYO (Reuters) - Asian shares edged up on Friday but were on track for a weekly loss, while the dollar was poised for a winning week as comments from a key Federal Reserve official led to increased betting on the Fed hiking interest rates as early as next month.

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Ex-Dean Foods chairman, gambler charged for insider trading; Mickelson settles

NEW YORK (Reuters) - U.S. authorities on Thursday charged a former chairman of Dean Foods Co and a professional Las Vegas gambler with engaging in an insider trading scheme that netted more than $40 million and included a tip that benefited professional golfer Phil Mickelson.

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Drop in U.S. jobless claims boosts hopes of economic rebound

WASHINGTON (Reuters) - The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter.

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Futures down as June rate hike looms

(Reuters) - U.S. stock index futures were lower on Thursday as investors digested the possibility of the Federal Reserve raising interest rates as early as next month.

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Fed signals interest rate hike firmly on the table for June

WASHINGTON (Reuters) - Federal Reserve officials felt the U.S. economy could be ready for another interest rate increase in June, according to the minutes from the central bank's April policy meeting released on Wednesday.

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Wal-Mart profit beats expectations; stock jumps

(Reuters) - Wal-Mart Stores Inc on Thursday reported a higher-than-expected quarterly profit as sales in the U.S. market rose, sending the retailer's shares up nearly 10 percent.

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Oil drops on surging dollar, rising U.S. crude stocks, jump in Iran exports

SINGAPORE (Reuters) - Oil prices fell on Thursday, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia.

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Asia down, dollar buoyant after Fed signals potential near-term hike

TOKYO (Reuters) - Asian stocks slipped but the dollar was buoyant early on Thursday as markets scrambled to factor in a near-term U.S. interest rate hike foreshadowed in minutes of the Federal Reserve's last monetary meeting.

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Wall Street turns negative as Fed signals June rate hike possible

(Reuters) - Wall Street turned negative on Wednesday after minutes from the Federal Reserve's April policy meeting showed the U.S. central bank will likely raise interest rates in June if supported by economic data.

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Charter Communications completes purchase of Time Warner Cable

WASHINGTON (Reuters) - Charter Communications Inc said Wednesday it has completed its acquisition of Time Warner Cable Inc and Bright House Networks LLC, creating the second-largest U.S. broadband provider and third-largest pay TV provider.

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Ex-JPMorgan, Citi FX sales employees sue banks

LONDON (Reuters) - A former London-based JPMorgan foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released on Wednesday.

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Target sales miss estimates; shares sink

CHICAGO (Reuters) - Target Corp on Wednesday reported a lower-than-expected increase in sales at established stores as consumers spent more on big-ticket purchases like homes and cars than on discretionary items like apparel, a major source of revenue for department stores.

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South Korea's Hotel Lotte plans $4.9 billion IPO, year's largest: sources

SEOUL (Reuters) - South Korea's Hotel Lotte Co Ltd [HTLOT.UL] plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015.

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Lowe's sales beat estimates as housing market strengthens

(Reuters) - Home improvement chain Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly sales as strength in the housing market and favorable weather led to strong demand for building and home renovation products.

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Suzuki says it used wrong mileage tests for Japan models; shares slide

TOKYO (Reuters) - Suzuki Motor Corp said it had used improper fuel economy tests for its cars in Japan but that proper testing subsequently had shown the mileage data did not need amending, in a widening of a scandal that has already engulfed Mitsubishi Motors .

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China says to support steel exports as U.S. imposes hefty tariffs

SHANGHAI/WASHINGTON (Reuters) - China said it would persist with controversial tax rebates to steel exporters to support the sector's painful restructuring program, defying a United States move to impose punitive import duties on Chinese steel products.

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Oil prices remain near 2016 highs on global supply disruptions

SINGAPORE (Reuters) - Oil prices were trading near 2016 highs on Wednesday, as supply disruptions and output cuts continued to tighten the market, although traders cautioned that high global crude inventories were still weighing on markets.

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Companies forced to rethink U.S. high court class action strategy

WASHINGTON (Reuters) - Lawyers for companies trying to fend off costly class action lawsuits are rethinking longstanding legal strategies after businesses lost two key U.S. Supreme Court cases as well as their staunchest supporter on the bench.

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Novartis splits drugs business into two, pharma chief to leave

ZURICH (Reuters) - Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer medicines and the second on other drugs, it said on Tuesday.

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Futures slightly lower after oil rally takes a breather

(Reuters) - U.S. stock index futures were slightly lower on Tuesday as oil prices steadied after touching a six-month high.

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Sumner Redstone has power to remove Viacom CEO from his trust

(Reuters) - Sumner Redstone has the power to remove Viacom Inc Chief Executive Philippe Dauman, but not his daughter Shari, from the trust that will control his $40 billion media empire after his incapacitation or death, according to two sources familiar with the matter.

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Oil rally suggests supply worries wane, but for how long?

(Reuters) - A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery and future delivery narrowing, suggesting the worst of the supply glut may be over.

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Asian shares recover after Apple, oil boost Wall St

TOKYO (Reuters) - Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Corp and oil price gains boosted Wall Street.

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Oil futures hold near six-month highs as supply concerns dominate

TOKYO (Reuters) - Crude oil futures held near six-month highs in early Asian trading as the market focused on supply disruptions that prompted long-time bear Goldman Sachs to issue a bullish assessment on near-term prices.

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Exclusive: USDA to join U.S. panel reviewing ChemChina's Syngenta deal - sources

(Reuters) - The U.S. Department of Agriculture has agreed to join the U.S. government panel that is reviewing state-owned ChemChina's planned $43 billion acquisition of Swiss seeds and pesticide maker Syngenta AG , people familiar with the matter said on Monday.

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Domestic focus may limit clout of $2 trillion Saudi fund

DUBAI (Reuters) - Saudi Arabia aims to create the world's biggest sovereign wealth fund, a $2 trillion behemoth that can throw its weight around global markets, but the fund's growth abroad is likely to be slowed by its responsibility for aiding the economy at home.

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China needs the private sector to step up

BEIJING (Reuters) - Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows.

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Futures little changed after bruising week

(Reuters) - U.S. stock index futures were little changed on Monday following a bruising week that left the Dow and the S&P 500 lower for the third straight week.

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Pfizer to buy Anacor Pharma in $5.2 billion deal

(Reuters) - Pfizer Inc will buy Anacor Pharmaceuticals Inc in a deal valued at $5.2 billion, net of cash, for access to Anacor's non-steroidal topical gel to treat eczema.

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Apple's Cook visits Beijing after China woes, Didi deal

BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook visited Beijing on Monday, days after announcing a $1 billion deal with ride-hailing app Didi Chuxing, and as the U.S. firm tries to reinvigorate sales in China, its second-largest market after the United States.

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Boeing's 787 Dreamliner faces new challenge: slow sales

SEATTLE (Reuters) - Boeing Co's high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013.

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Japan leads Asia to modest gains despite China data; dollar steady

TOKYO (Reuters) - Buoyant Japanese stocks led Asian stocks to modest gains on Monday, helping to offset some of the gloom from soft Chinese data, while the dollar firmed against the euro and yen after receiving a boost from upbeat U.S. indicators.

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Oil prices rise on Nigeria, Venezuela disruptions

SINGAPORE (Reuters) - Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a stronger dollar capped gains.

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Oaktree urged Tribune Publishing to merge with Gannett: Barron's

NEW YORK (Reuters) - Oaktree Capital Management urged newspaper publisher Tribune Publishing to negotiate a merger with Gannett Co Inc after it declined a purchase offer by Gannett, Barron's reported, citing 13D filings from May 5-11.

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Google faces record 3 billion euro EU antitrust fine: Telegraph

LONDON (Reuters) - Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said.

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Bangladeshi probe panel's chief says SWIFT responsible for cyber theft

DHAKA (Reuters) - A Bangladesh government-appointed panel investigating the theft of $81 million from the country's central bank has found that SWIFT, the international banking payments network, committed a number of mistakes in connecting up a local network, the panel head said on Sunday.

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Norway's wealth fund to sue Volkswagen over emissions scandal

(Reuters) - Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal.

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Facebook, Twitter, Youtube face hate speech complaints in France

PARIS (Reuters) - Three French anti-racism associations said on Sunday they would file legal complaints against social networks Facebook , Twitter and Google's Youtube for failing to remove "hateful" content posted on their platforms.

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Can Buffett-backed bid unlock Yahoo growth where others failed?

SAN FRANCISCO (Reuters) - Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets.

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Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid - sources

(Reuters) - Berkshire Hathaway Inc Chairman Warren Buffett is backing a consortium vying for Yahoo Inc's internet assets that includes Quicken Loans Inc founder Dan Gilbert, people familiar with the matter said on Friday.

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China asks Britain for advice on creating financial super-regulator

HONG KONG/BEIJING (Reuters) - China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources with knowledge of the talks told Reuters.

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China orders banks to clear hurdles slowing private sector lending: sources

SHANGHAI, May 14 (Reuters) - - China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment.

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China's production, investment, retail sales all disappoint in April

SHANGHAI/BEIJING (Reuters) - China's investment, factory output and retail sales all grew more slowly than expected in April, adding to doubts about whether the world's second-largest economy is stabilizing.

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Strong U.S. retail sales, consumer sentiment data buoy economic outlook

WASHINGTON (Reuters) - U.S. retail sales in April recorded their biggest increase in a year as Americans stepped up purchases of automobiles and a range of other goods, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.

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S&P seen failing in reach for year-old record

NEW YORK (Reuters) - As the anniversary of the S&P 500's high mark approaches, the benchmark U.S. stock index's latest rally has stalled and failed to breach a key level, prompting some calls for sell-offs, at least in the short term.

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Futures erase losses after strong April retail sales data

(Reuters) - U.S. stock index futures erased their losses on Friday after data showed retail sales in April recorded their biggest increase in a year, suggesting the economy was regaining momentum after growth almost stalled in the first quarter.

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Oil prices fall on stronger dollar; Russia warns of longer glut

SINGAPORE (Reuters) - Oil prices fell by around one percent on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year.

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Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

(Reuters) - Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.

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U.S. jobless claims hit 14-month high; analysts blame Verizon strike

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose last week to a more than one-year high, but economists blamed striking telecommunications workers for the surge and said the data did not signal a deterioration in the overall labor market.

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Apple falls below $90 as iPhone worries fester

SAN FRANCISCO (Reuters) - Shares of Apple dropped below $90 on Thursday for the first time since 2014 as Wall Street worried about slow demand ahead of the anticipated launch of a new iPhone later this year.

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Wall Street opens higher, led by oil prices

(Reuters) - U.S. stocks opened higher on Thursday as a rise in oil prices boosted energy companies.

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Germany's Bayer considering bid for Monsanto: Bloomberg

(Reuters) - Germany's Bayer AG is exploring a bid for U.S. seed company Monsanto Co , Bloomberg reported, citing people familiar with the matter.

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Fed to delay rate hike until September on tame inflation outlook: Reuters poll

(Reuters) - The U.S. Federal Reserve will likely wait until September before raising interest rates again, stretching to nine months the time since its first hike in nearly a decade, as it waits for clear signs inflation is picking up, a Reuters poll found.

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Nissan taking $2.2 billion controlling stake in scandal-hit Mitsubishi Motors

YOKOHAMA, Japan (Reuters) - Nissan Motor Co has agreed to take a 34 percent stake in Mitsubishi Motors Corp, taking de facto control with a $2.2 billion bet that bails out its smaller, scandal-hit rival.

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Oil prices fall as Canadian oil sands fields gradually return

SINGAPORE (Reuters) - Oil prices fell early on Thursday, weighed by the gradual return of Canadian oil sands production, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories.

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Wall Street slumps as Disney and Macy's slam consumer shares

(Reuters) - U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy's and Fossil undermined confidence across the consumer sector.

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U.S. posts $106 billion budget surplus in April

WASHINGTON (Reuters) - The U.S. government posted a $106 billion budget surplus in April, down 32 percent from the same period last year, the Treasury Department said on Wednesday.

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Macy's forecast cut adds to apparel gloom; shares dive

(Reuters) - Macy's Inc reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores' uphill struggle against slumping demand for apparel.

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EU blocks Hutchison's deal to buy Telefonica's O2 UK

BRUSSELS (Reuters) - The European Union's competition regulator blocked on Wednesday CK Hutchison Holdings' plan to become Britain's biggest mobile telecoms network operator, in a decision which also cast doubts on whether it can still win approval for another deal in Italy.

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Disney shares stumble as expectations outpace reality

(Reuters) - For Walt Disney's Peter Pan, flying was "all a matter of faith and trust." Investors in Walt Disney Co showed a lack of both in the company's stock on Wednesday.

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Exclusive: Security bug SAP patched years ago draws U.S. government alert

FRANKFURT (Reuters) - Europe’s biggest software company, SAP , is the subject of a U.S. security alert over a vulnerability the firm disabled six years ago that can still give outside attackers remote control over older SAP systems if the software is not properly patched.

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Mitsubishi Motors says improper data may have been used for more models

TOKYO (Reuters) - Mitsubishi Motors Corp said on Wednesday that improper data for mileage calculations might have been used for other models in addition to those it has already disclosed.

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Oil dips on record U.S. inventories; Canada output to improve soon

SINGAPORE (Reuters) - Oil prices dipped on Wednesday as Canadian oil sand production was expected to gradually ramp up following forced closures due to wildfires, and as record crude inventories especially in the United States put pressure on markets.

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Disney reports rare earnings miss, shares sink

(Reuters) - Walt Disney Co, an investor favorite for consistently beating Wall Street earnings targets, reported a rare miss on Tuesday as advertising and subscriptions declined at sports channel ESPN and theme park revenue came in weaker than expected.

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SWIFT rejects Bangladeshi claims in cyber heist, police stand firm

(Reuters) - SWIFT has rejected allegations by officials in Bangladesh that technicians with the global messaging system made the nation's central bank more vulnerable to hacking before an $81 million cyber heist in February.

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Wall Street set to open higher as oil prices rise

(Reuters) - Wall Street was poised to open higher on Tuesday, tracking global equities, as investors' appetite for risk increased and as oil prices rose.

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World stock markets rise while yen falls back

LONDON (Reuters) - World stock markets rose on Tuesday, helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken its currency.

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Exclusive: Say goodbye to OPEC, Russia’s Sechin says

MOSCOW (Reuters) - Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.

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Exclusive: U.S. investigates market-making operations of Citadel, KCG

NEW YORK (Reuters) - Federal authorities are investigating the market-making arms of Citadel LLC and KCG Holdings Inc, looking into the possibility that the two giants of electronic trading are giving small investors a poor deal when executing stock transactions on their behalf.

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Exclusive: Medivation succumbs to pressure to explore sale - sources

(Reuters) - Medivation Inc will actively seek to sell itself after the US cancer drug maker rejected a $9.3 billion takeover offer from France's Sanofi SA , according to people familiar with the situation.

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Japan will intervene if 'one-sided' yen moves persist: Aso

TOKYO (Reuters) - Finance Minister Taro Aso said on Tuesday that Japan's financial authorities will intervene in the currency market if "one-sided" yen rises persist.

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Oil prices dip on brimming crude stocks, Canada fires move away from oil sands

SINGAPORE (Reuters) - Oil prices fell early on Tuesday as Canadian wildfires that have knocked out over 1 million barrels worth of daily crude capacity moved away from production facilities, while brimming inventories and a strong U.S. dollar weighed on markets.

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Japan government calls for additional 7 million Takata-related recalls: Nikkei

(Reuters) - The Japanese government on Monday notified automakers to recall an additional 7 million vehicles with faulty Takata air bags that have been sold in Japan, the Nikkei reported on Monday, citing sources.

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Uber drivers, if employees, owed $730 million more: court documents

SAN FRANCISCO (Reuters) - Drivers who worked for ride-hailing service Uber [UBER.UL] in California and Massachusetts over the past seven years would have been entitled to an estimated $730 million in expense reimbursements had they been employees rather than contractors, according to court documents made public on Monday.

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Wall Street mixed as energy falls, Allergan rallies

(Reuters) - Wall Street was mixed on Monday, with declines in energy and materials stocks offset by a bounce in Allergan Plc and other healthcare companies.

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Fed's Kashkari says accommodative policy needed to bring workers back

MINNEAPOLIS (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is "about right."

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Redstone legal drama could come to abrupt end

(Editor's note: paragraph 5 contains language that may offend some readers.)

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Oil surrenders gains from Canada fires as investors grow wary

LONDON (Reuters) - Oil fell on Monday, surrendering gains made after Canada's most destructive wildfire in recent memory knocked out over a million barrels in daily production capacity, as caution among investors prevented a return to late April's 2016 price highs.

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Judge leans Redstone's way in trial over media mogul's mental state

(Note language in third paragraph. Rewrites with further quotes from court, background on Viacom)

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If trend stands, consumer stocks to boost market

NEW YORK (Reuters) - The U.S. stock market could get a shot in the arm next week as consumer-facing companies report earnings in a season in which the sector has so far been the overachiever.

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Exclusive: Apple's Tim Cook to visit China for government meetings - source

BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said.

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U.S. employment gains hit seven-month low, labor force shrinks

WASHINGTON (Reuters) - The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year.

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Bombardier pushes for airline talks, China breakthrough after Delta deal

MONTREAL/SINGAPORE (Reuters) - Boosted by a pivotal CSeries deal with Delta Air Lines , Canada's Bombardier Inc is rekindling sales talks with several U.S. and European carriers, even as it eyes China, the world's fastest-growing aviation nation.

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News Corp's quarterly revenue falls 7.3 percent, profit hit by charge

(Reuters) - News Corp , owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States.

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Alibaba's revenue soars, but new ventures hit profit

(Reuters) - Alibaba Group Holding Ltd, China's biggest e-commerce company, said fourth-quarter sales rose 39 percent after its core online shopping business grew, but profit fell for the first time as it spent on ventures like food delivery.

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U.S. jobless claims rise; planned layoffs surge

WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest gain in more than a year, but the underlying trend continued to point to a strengthening labor market.

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Europe shares, oil snap four-day losing streaks

LONDON (Reuters) - European stocks and oil prices snapped a four-day losing streak on Thursday and a rally in bond markets fizzled out as investors began to position themselves for U.S. jobs data.

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U.S. bullet train proposals shun public funds, favor private cash

(Reuters) - It took years of lawsuits and political battles for California to finally break ground last year on the nation’s first bullet train, which aims to connect San Francisco to Los Angeles by 2029.

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Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

SINGAPORE (Reuters) - Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation's output.

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Tesla advances 500,000 unit production plan to 2018

(Reuters) - Tesla Motors Inc said on Wednesday it was on track to deliver 80,000 to 90,000 electric vehicles this year and that it would produce 500,000 in 2018, two years faster than expected.

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Amazon, Hyatt named top picks at hedge-fund event

NEW YORK (Reuters) - Larry Robbins and other prominent hedge fund managers speaking at an industry conference on Wednesday laid out some of their best ideas, but their stock picks, including Amazon.com Inc and Hyatt Hotels Corp , barely reacted to the endorsements.

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U.S. confirms recall of 35 million-40 million Takata air bag inflators

(Reuters) - The U.S. Transportation Department confirmed on Wednesday that automakers will recall another 35 million to 40 million U.S. air bag inflators installed by Takata Corp by 2019.

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Exclusive: Big data breaches found at major email services - expert

FRANKFURT (Reuters) - Hundreds of millions of hacked user names and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters.

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U.S. factory orders rise solidly; inventories pick up

WASHINGTON, May 4 (Reuters) - - New orders for U.S. factory goods rose more than expected in March, while shipments and inventories increased after eight straight months of declines, signs that the downturn in manufacturing was nearing an end.

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U.S. private hiring slows; trade deficit narrows sharply

WASHINGTON (Reuters) - U.S. private employers hired the fewest number of workers in three years in April, which could raise concerns that a recent sharp slowdown in economic growth was spilling over to the labor market.

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Time Warner revenue boosted by Turner, HBO

(Reuters) - Time Warner Inc, the owner of CNN and Cartoon Network, reported a slightly higher-than-expected 2.5 percent rise in quarterly revenue as subscription revenue rose at its Turner Broadcasting unit and cable channel Home Box Office.

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Exclusive: Target gets tough with vendors to speed up supply chain

CHICAGO (Reuters) - Discount retailer Target Corp is cracking down on suppliers as part of a multi-billion dollar overhaul to speed up its supply chain and better compete with rivals including Wal-Mart Stores Inc and Amazon.com Inc .

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U.S. oil industry bankruptcy wave nears size of telecom bust

HOUSTON (Reuters) - The rout in crude prices is snowballing into one of the biggest avalanches in the history of corporate America, with 59 oil and gas companies now bankrupt after this week's filings for creditor protection by Midstates Petroleum and Ultra Petroleum .

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Seven big banks settle U.S. rate-rigging lawsuit for $324 million

NEW YORK (Reuters) - Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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Takata to announce recall of 35 million-40 million U.S. air bag inflators: sources

WASHINGTON (Reuters) - Under pressure from U.S. regulators, Japanese air bag manufacturer Takata Corp is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in U.S. vehicles, three sources briefed on the matter said on Tuesday.

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Seven big banks settle U.S. rate-rigging lawsuit for $324 million

NEW YORK (Reuters) - Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.

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Google to buy minivans for self-driving tests from Fiat Chrysler

DETROIT/WASHINGTON (Reuters) - Alphabet Inc's Google unit has agreed to buy about 100 plug-in hybrid minivans from Fiat Chrysler Automobiles NV to expand its self-driving vehicle testing program, the two companies said on Tuesday -- in the most advanced partnership to date between Silicon Valley and a carmaker.

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Steven Cohen: hedge fund crowding caused major February loss

LOS ANGELES (Reuters) - Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year.

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U.S. prosecutors consider more charges against ex-CEO Shkreli

(Reuters) - Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor said on Tuesday.

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Futures lower after weak Chinese economic data

(Reuters) - U.S. stock index futures were sharply lower on Tuesday after weak Chinese economic data raised concerns about the health of the global economy.

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Halliburton adjusted profit beats estimate, helped by cost cuts

(Reuters) - Halliburton Co, the world's No.2 oilfield services provider, reported a higher-than-expected adjusted profit for the first quarter as deep cost cuts helped cushion the impact of a drop in drilling and completion activity.

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Ackman defends Valeant, hints at more changes

BOSTON/NEW YORK (Reuters) - Billionaire investor William Ackman on Monday mounted a vigorous defense of Valeant Pharmaceuticals , ruling out any sale of the drug company's "crown jewel" assets but saying price cuts and even a new name may be in its future.

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Ex-girlfriend can get video deposition of Sumner Redstone in upcoming trial: judge

LOS ANGELES (Reuters) - Media mogul Sumner Redstone can be deposed at home in a short videotaped session ahead of a trial to resolve his ex-girlfriend's lawsuit over his mental competence, a California judge ruled tentatively on Monday, but the recording will not be seen by the public.

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Oil down 2 percent as OPEC output hike sparks profit-taking

NEW YORK (Reuters) - Oil prices fell about 2 percent on Monday as production from the Organization of the Petroleum Exporting Countries was close to all time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.

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U.S. manufacturing index 50.8 in April: ISM

NEW YORK (Reuters) - The U.S. economy's manufacturing sector expanded in April but at a slower pace than the previous month, according to an industry report released on Monday.

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Big bargains entice Warren Buffett fans on Berkshire weekend

OMAHA (Reuters) - Warren Buffett, the CEO of Berkshire Hathaway Inc, is known for his keen eye for a bargain.

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Warren Buffett says doesn't try to profit from central bank moves: CNBC

NEW YORK (Reuters) - Warren Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway , said Monday Berkshire did not try to profit from global central bank monetary policy and that low oil prices were beneficial to the United States.

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As oil plows through $45 a barrel, U.S. producers rush to lock in prices

HOUSTON (Reuters) - U.S. oil producers pounced on this month's 20 percent rally in crude futures to the highest level since November, locking in better prices for their oil by selling future output and securing an additional lifeline for the years-long downturn.

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Fed may need more powers to support securities firms during crises: Dudley

AMELIA ISLAND, Fla (Reuters) - The U.S. Federal Reserve may need more powers to provide emergency funding to securities firms in times of extreme stress in order to deal with a liquidity crunch, New York Federal Reserve President William Dudley said on Sunday.

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Asian shares slip, Nikkei skids on yen strength

TOKYO (Reuters) - Asian shares fell in early trading on Monday, with Japan's Nikkei plunging after the dollar notched a fresh 18-month low against the yen.

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Buffett says Berkshire 'fine' with Trump or Clinton

OMAHA, Neb. (Reuters) - Warren Buffett said on Saturday that Berkshire Hathaway Inc is poised to do well no matter who wins the White House in November, and the billionaire investor defended the performance and tactics of the conglomerate's several large investments.

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U.S. threatens to block easing of EU car exports in TTIP talks, media report

BERLIN (Reuters) - The United States is threatening to prevent the easing of export controls on European cars in order to force Europe to buy more U.S. agricultural products, Germany's Sueddeutsche Zeitung newspaper and ARD public broadcaster reported on Sunday.

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Halliburton, Baker Hughes set to end deal: source

(Reuters) - Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday after it faced opposition from U.S. and European antitrust regulators, a person familiar with the matter said.

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IEA chief says oil price bottoming depends on global growth

KITAKYUSHU, Japan (Reuters) - International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.

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