CNBC's Phil LeBeau reports on Mahindra Group's plan to expand its electric scooters business in the U.S.» Read More
May 15- General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, including 2.7 million in the United States. The largest of the recalls will include the Chevrolet Malibu, Chevrolet Malibu Maxx, Pontiac G6 and Saturn Aura cars, GM said.
May 15- Thousands of gallons of crude oil spilled over a half-mile area in Los Angeles on Thursday due to a break in an above-ground Plains West Coast pipeline, the city fire department said. The pipeline runs from the San Joaquin Valley in California to Long Beach, Moore said.
LONDON/ MUMBAI May 15- With emerging equity funds positioned for a business-friendly outcome to India's election, any further boost for the pumped-up stock market may come from global funds whose India allocation still has room to grow.
NEW DELHI, May 15- India's main opposition party, set to form the next government, is debating scrapping or revising a plan to cut the federal fiscal deficit, potentially risking a ratings downgrade, although that could be mitigated if economic growth recovers.
May 15- Thousands of gallons of crude oil spilled over a half-mile area in Los Angeles on Thursday due to a break in an above-ground Plains West Coast pipeline, the city fire department said. The pipeline was shut off remotely, and the incident shut down a section of the Atwater Village area of the city, a local NBC affiliate reported.
The case, in U.S. District Court in Washington, D.C., was dismissed on Wednesday as being premature because the FDA had not yet approved or rejected the applications for generic forms of the drug, Teva said.
May 15- Auto parts retailer Advance Auto Parts Inc reported a 21 percent rise in quarterly profit, helped by the acquisition of the biggest operator of the Carquest chain of auto repair shops and car parts stores.
May 15- Canada's Ivanhoe Mines Ltd said it would not be able to develop two mines in the Democratic Republic of Congo unless it gets more funds by the end of June. The company said it had consolidated working capital of about $149.8 million as of March 31, down from $201.7 million at Dec. 31.
Nigeria is an economic powerhouse, says Quintin Primo, Capri Capital Partners CEO, sharing his thoughts on investing in Africa amid the ongoing search for kidnapped Nigerian schoolgirls, and social unrest.
Quintin Primo, Capri Capital Partners CEO, discusses India's parliamentary elections and whether this is a good time to invest in the country.
May 15- Canada's Ivanhoe Mines Ltd said it would not be able to develop two mines in Democratic Republic of Congo unless it gets more funds by the end of the second quarter. Kamoa produces copper while Kipushi also mines zinc, lead and germanium, Ivanhoe said in its first-quarter earnings release on Thursday.
NEW DELHI, May 15- India's main opposition party, set to form the next government, is debating scrapping or revising a plan to cut the federal fiscal deficit to a nine-year low over the next three years, sources with direct knowledge of the situation told Reuters.
*India battling slow economic growth, high inflation. NEW DELHI, May 15- India's monsoon may hit the southern Kerala coast around June 5, the weather office said on Thursday, in a likely delayed onset that raises fears of poor rains in the initial days of a monsoon season threatened by the El Nino weather pattern.
May 15- Wal-Mart Stores Inc reported a 5 percent drop in quarterly profit as a severe winter in the United States kept shoppers from its stores. Wal-Mart, which gets more than half its sales from groceries, said sales at U.S. stores open for at least a year were relatively flat during the quarter.
May 15- Mylan Inc said a U.S. district court dismissed a case by Israeli drugmaker Teva Pharmaceutical Industries Ltd intended to block the U.S. health regulator from approving generic versions of Teva's multiple sclerosis drug Copaxone. U.S. generic drugmaker Mylan said it had intervened in the lawsuit in support of the U.S. Food and Drug Administration.
May 15- Ammunitions maker Alliant Techsystems Inc reported a 32 percent jump in quarterly profit, helped by a rise in sales in its defense and sporting businesses. Net income attributable to Alliant rose to $96.0 million, or $2.90 per share, in the fourth quarter ended March 31, from $72.7 million, or $2.23 per share, a year earlier.
May 15- Wal-Mart Stores Inc reported a 5 percent fall in quarterly profit as severe winter weather hurt comparable sales in the United States. Wal-Mart said comparable sales at its U.S. stores, its biggest unit, were relatively flat.
*Offers $14/ shr in cash and stock, 64 pct premium. May 15- Hospital operator Kindred Healthcare Inc went hostile with its $533 million offer for Gentiva Health Services Inc on Thursday, after Gentiva rejected the bid saying it expected to generate more value as a standalone provider of home healthcare services.
May 15- Kindred Healthcare Inc said it offered to buy home healthcare services company Gentiva Health Services Inc for $533 million, but the bid was rejected by Gentiva as it expects to generate more value as a stand-alone company.
It's a shift that could set the stage for New Delhi to follow an influential recommendation by a panel appointed by the central bank to reduce its holdings in the lenders to below 50 percent. The opposition Bharatiya Janata Party, led by prime ministerial front-runner Narendra Modi, is widely expected to form the next government.