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  • *OPEC meets next week; Iran sees no output change. Friday's weekly data showed U.S. drillers cut the number of rigs by just one last week and Goldman Sachs said prices were at a level that would spur activity, adding to a growing list of headwinds crude faces that include rising OPEC supply. On Sunday, Iran said the Organization of the Petroleum Exporting Countries...

  • *Charter agrees to buy Time Warner Cable in $56 bln deal. PARIS, May 26- Patrick Drahi, the billionaire owner of deal-hungry European telecoms group Altice, will not let missing out on Time Warner Cable dissuade him from further expansion in the United States, people familiar with the situation said. Taking his first step across the Atlantic last week by agreeing to...

  • Abbvie completes $21 billion buyout of Pharmacyclics Tuesday, 26 May 2015 | 11:15 AM ET

    NEW YORK— Abbvie has completed its $21 billion buyout of Pharmacyclics. The buyout adds another major revenue producer to Abbvie's portfolio, which already includes the world's top-selling drug, Humira. Pharmacyclics Inc. will become a subsidiary of Abbvie and operate from its Sunnyvale, California headquarters.

  • *Time Warner Cable up on Charter deal. "A strong dollar is going to hurt exports and the revenue line of companies, which wasn't strong to begin with," said Rick Fier, director of trading at Conifer Securities in New York. The buoyant data comes after Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise interest rates this year if the...

  • Amtrak to install long-sought cameras in locomotives Tuesday, 26 May 2015 | 11:07 AM ET

    The Amtrak engineer, Brendan Bostian, suffered a head injury in the accident in Philadelphia and has told investigators he can't remember what happened. Northeast Regional train 188 accelerated to a speed of 106 miles per hour in the last minute before entering a curve where it derailed. The National Transportation Safety Board has been recommending that the...

  • *Greece concerns push long-dated yields lower. Treasury yields hit two-week highs on Tuesday on continued expectations that the Federal Reserve would hike rates this year, while yields on longer-dated Treasuries slid on concerns over Greece and global economic growth. "I viewed it as a fairly economy-friendly report," said Justin Hoogendoorn, fixed income...

  • *Time Warner Cable's shares up 3.7 pct, Charter off 1 pct. May 26- Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp.. The partners, who said on Tuesday the deal would mean better access...

  • *Time Warner Cable up on Charter deal. May 26- Wall Street opened lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. "It isn't normal to see such large moves in currencies," said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • Storm leaves 170,000 without power in U.S. Gulf Coast Tuesday, 26 May 2015 | 9:42 AM ET

    May 26- Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would...

  • NEW YORK— Stocks are opening slightly lower on Wall Street as traders return from the Memorial Day holiday in the U.S. Time Warner Cable rose 5 percent early Tuesday, the most in the Standard& Poor's 500 index, after the company agreed to be acquired by Charter Communications for $55 billion. Benchmark U.S. crude was down $1.33 to $58.40 a barrel in New York.

  • Tom Wolf is getting help from law enforcement officials in his push to persuade lawmakers to spend more money to raise the quality of Pennsylvania's pre-kindergarten programs. Wolf appeared Tuesday morning outside the Camp Hill state prison in suburban Harrisburg with several district attorneys and the head of the state prisons agency to tout his...

  • US STOCKS-Wall St set to open lower as dollar rises Tuesday, 26 May 2015 | 9:16 AM ET

    Time Warner Cable up on Charter deal. May 26- Wall Street was set to open lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. "It isn't normal to see such large moves in currencies," said Adam Sarhan, chief executive of Sarhan Capital in New York.

  • NEW YORK— Priceline has bumped up its stake in the Chinese travel service provider Ctrip.com to 10.5 percent. Priceline also has the option to increase it stake to 15 percent. Priceline, based in Norwalk, Connecticut, owns Booking.com, Priceline.com, Kayak.com and RentalCars.com.

  • WASHINGTON, May 26- U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness. "It provides some indication that business capital investment activity might be on the mend," said Millan Mulraine, deputy chief economist at TD Securities in New York.

  • *Time Warner Cable's shares up 7.8 pct at $184.59. May 26- John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, is...

  • Nielsen survey says Liam Neeson is big ad man Tuesday, 26 May 2015 | 8:38 AM ET

    That's the conclusion of the Nielsen company, which looked at celebrities who made commercials during the first three months of the year and ranked them with a calculation that takes into account likability, public awareness, influence and other factors. Besides attaching scores to celebrity endorsers, Nielsen intends to offer marketers detailed...

  • Independent booksellers continue to add new stores Tuesday, 26 May 2015 | 8:21 AM ET

    Core membership of the American Booksellers Association grew from 1,664 companies last spring to 1,712 this year, the trade group told The Associated Press on Tuesday, the day before the BookExpo America publishing convention and trade show begins in Manhattan. Membership, which topped 5,000 a quarter century ago, had been declining sharply as thousands of...

  • McDermott International shares rise on rig contract Tuesday, 26 May 2015 | 8:19 AM ET

    NEW YORK— Shares of McDermott International Inc. jumped in premarket trading Tuesday after the company said it was awarded a large offshore construction contract by oil and gas giant Saudi Aramco. The stock rose 39 cents, or 8.4 percent, to $5.06 before the opening of regular trading. The Houston- based engineering and construction company will work on twelve...

  • NEW YORK— Diversity will get an extra push at this week's BookCon and BookExpo America. BookCon's selection of four white, male authors for a discussion of children's books helped lead to the formation of the grassroots advocacy group We Need Diverse Books and the hasty assembly of the panel "The World Agrees: We Need Diverse Books." "They've heavily invested...

  • UPDATE 2-Charter to buy Time Warner Cable for $56 bln Tuesday, 26 May 2015 | 7:55 AM ET

    May 26- John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.. Charter, in which Malone-chaired Liberty Broadband Corp owns about 26 percent, offered about $195.71 in cash-and-stock for each Time...