British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".» Read More
*Friend tells BBC spies tried to recruit one of suspects. *Counter-terrorism police arrest 31- year-old man at BBC. A man identified by the BBC as Abu Nusaybah told its flagship news programme "Newsnight" that intelligence officers had approached Adebolajo six months ago to see if he would work for them as an informant.
PARSIPPANY, N.J.-- Actavis Inc. said Friday a federal appeals court granted an injection that blocks it from selling a generic version of AstraZeneca PLC's asthma treatment Pulmicort Respules.
*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
NEW YORK, May 24- Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. Brent crude oil futures settled 20 cents higher at $102.64 per barrel, after trading between $101.65 and $102.79.
*Gold boosted this week by drop in stock markets, falling dollar. (Recasts, updates prices, adds comment, adds to byline, dateline NEW YORK, May 24- Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. weekend, but registered its biggest weekly percentage gain in a month, supported by a drop in stock markets and a softer dollar.
*Industrial commodities weighed down by shaky China demand. *Gold rises 2 pct on week, helped by conviction of more stimulus.
NEW YORK, May 24- Oil prices rose in late afternoon trading in New York on Friday after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long holiday weekend in the United States.
At a conference in Dublin on Friday the head of Ireland's largest bank gave small business leaders the "15- second elevator pitch" he gives to U.S. executives when he is in New York or Boston.
*Asia growth, talk of Fed QE tapering weighs on stocks. *HSBC leads financials lower on growth and US worries. LONDON, May 24- European shares fell on Friday, marking their first weekly loss in a month, led by financials on concern over earnings prospects in Asia and the potential scaling back of U.S. monetary stimulus.
*Cane crush in Brazil gathers pace. *Traders expect huge off-year arabicas crop in Brazil. NEW YORK/ LONDON, May 24- Arabica coffee futures on ICE extended losses to the lowest in more than three years on Friday, as computer-based traders continued to sell, while raw sugar inched higher following the previous session's turnaround up from the lowest since 2010..
May 24- News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday.
Cisco Systems Inc. said Friday that it has completed a $310 million acquisition of Ubiquisys, a privately held cellphone technology company in the U.K.. Cisco said that deal will combine the expertise of both companies to the benefit of service provider customers moving to next-generation radio access networks.
LONDON, May 24- The European Commission expects to complete a review by October of ways to help Europe's struggling aluminium industry, looking at policies such as on import duties and long-term power contracts.
LONDON, May 24- Spanish and Italian government bond yields rose on Friday as investors sought safety before a long weekend, favouring German Bunds over lower-rated paper.
LONDON, May 24- European shares fell for a second consecutive session on Friday, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus.
British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".
*Shrinking factory activity in China limits oil demand growth. NEW YORK/ LONDON, May 24- Oil was poised to post its biggest weekly loss in more than a month on Friday on thin volumes ahead of a U.S. holiday weekend, a shaky outlook for demand in China, ample U.S. supplies, and the potential end of cheap money in the United States.
LONDON-- Manchester United says it has refinanced more than $290 million of high-interest debt, cutting the club's interest costs by around $15 million a year. Fresh from winning a 20th English title, United says in a statement to The Associated Press that it has secured a new loan from Bank of America with far lower interest rates.
*Cane crush in Brazil gathers pace. *Traders expect huge off-year arabicas crop in Brazil. LONDON, May 24- Arabica coffee futures touched new multi-year lows on Friday, and raw sugar steadied near a low the previous session, both under pressure from big harvests in top producer Brazil.
REYKJAVIK, May 24- Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said.