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  • May 5- Southwest Airlines Co said Tuesday that it has reached a tentative agreement with the Transport Workers Union 550, the union that represents its 250 dispatchers who help oversee flight operations. The tentative deal provides "adjusted wage-scale increases" and would extend the dispatchers' contract for four years, the company said in a statement.

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • DIARY- Top Economic Events to May 18 Tuesday, 5 May 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen and International Monetary Fund Managing Director Christine Lagarde participate in " Finance and Society" conversation before the Institute for New Economic Thinking Conference on Finance and Society hosted by the IMF- 1315 GMT. WASHINGTON- Federal Reserve Bank of Kansas City President Esther George...

  • Garrison Capital tops Street 1Q forecasts Tuesday, 5 May 2015 | 7:39 PM ET

    NEW YORK _ Garrison Capital Inc. on Tuesday reported first-quarter net income of $3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Garrison Capital shares have climbed almost 4 percent since the beginning of the year.

  • UNITED NATIONS, May 5- Iran and world powers are struggling to overcome deep divisions on two core sticking points in talks on a possible nuclear deal: reimposing U.N. sanctions if the Iranians violate the agreement and how Tehran can buy atomic technology, envoys said. The negotiations between Iran, the United States, Britain, France, Germany, Russia, China and the...

  • Solar Senior posts 1Q profit Tuesday, 5 May 2015 | 7:15 PM ET

    NEW YORK _ Solar Senior Capital Ltd. on Tuesday reported first-quarter net income of $4.1 million. On a per-share basis, the New York- based company said it had net income of 35 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK— A man who aimed a laser pointer at planes near LaGuardia Airport pleaded guilty to a new federal charge on Tuesday. Balaguer, 54, said he went to Florida in December after his brother died and decided to carry the $50 laser he bought there on his plane ride back to New York. Federal authorities said pilots on the police helicopter pinpointed the Bronx...

  • New York Mortgage Trust posts 1Q profit Tuesday, 5 May 2015 | 6:33 PM ET

    NEW YORK _ New York Mortgage Trust Inc. on Tuesday reported first-quarter net income of $23.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. New York Mortgage Trust shares have risen roughly 2 percent since the beginning of the year.

  • May 5- A former top executive of the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Tuesday to 2-3/ 4 years in prison, after pleading guilty to conspiring to defraud clients as the 2008 financial crisis approached. Former managing partner David Bryson had pleaded guilty last May to a charge of conspiracy to commit wire fraud.

  • Borderfree reports 1Q loss Tuesday, 5 May 2015 | 6:30 PM ET

    NEW YORK _ Borderfree Inc. on Tuesday reported a loss of $4.6 million in its first quarter. The New York- based company said it had a loss of 14 cents per share. Borderfree shares have declined 24 percent since the beginning of the year.

  • Alleghany posts 1Q profit Tuesday, 5 May 2015 | 6:21 PM ET

    NEW YORK _ Alleghany Corp. on Tuesday reported first-quarter net income of $125.2 million. On a per-share basis, the New York- based company said it had profit of $7.82. This story was generated by Automated Insights using data from Zacks Investment Research.

  • New Mountain meets 1Q profit forecasts Tuesday, 5 May 2015 | 6:21 PM ET

    NEW YORK _ New Mountain Finance Corp. on Tuesday reported first-quarter earnings of $22.9 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 34 cents per share. Three analysts surveyed by Zacks expected $38.1 million.

  • Outfront Media misses 1Q profit forecasts Tuesday, 5 May 2015 | 6:15 PM ET

    NEW YORK _ Outfront Media Inc. on Tuesday reported first-quarter earnings of $1.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Outfront Media shares have risen 6.5 percent since the beginning of the year.

  • Buffett is chairman and CEO of Omaha, Nebraska- based Berkshire Hathaway. Bidding for the lunch on eBay will begin May 31 and close June 5. The annual auction benefits the Glide Foundation, which provides social services to the poor and homeless in San Francisco.

  • May 5- The U.S. Securities and Exchange Commission on Tuesday sued three defendants it accused of running a fraud and Ponzi scheme in which they raised more than $62 million from investors eager to benefit from growth in the North Dakota oil industry. According to the SEC, North Dakota Developments LLC and its owners, Robert Gavin and Daniel Hogan, illegally...

  • UBS and Disney are big market movers Tuesday, 5 May 2015 | 5:16 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. UBS Group AG, up $1.01 to $21.37. Martha Stewart Living Omnimedia Inc., down 43 cents to $5.42.

  • PIERRE, S.D.— With an upgrade from Standard& Poor's in hand, South Dakota is pursuing new credit ratings from other major agencies to match. The move this week bumping South Dakota's issuer credit rating from "AA+" to "AAA" by New York- based S&P will likely save the state money by letting it borrow at lower interest costs, and similar action from Moody's Investors Service...

  • NEW YORK, May 5- JPMorgan Chase& Co said on Tuesday it is in "advanced stages" of settlement talks with the U.S. Department of Justice and Federal Reserve over previously disclosed investigations into its foreign exchange trading. The company gave the description of the talks in a quarterly filing with the U.S. Securities and Exchange Commission on Tuesday.

  • BEIJING, May 6- Zhang Long made his fortune selling Pu'er fermented tea and handcrafted furniture from the mountains of his native Yunnan Province in southwest China. Last November, the 49- year old entrepreneur, who has no technology background, strode into a Beijing ballroom to pitch his latest made-in- China product: SPGnux, a Linux-based operating system he...