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German business morale rose far more than expected in May, suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.
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SAN FRANCISCO, May 24- Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.
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BLANQUEFORT, France, May 24- U.S. car maker Ford will retain 1,000 jobs at a plant in southwest France after striking a deal on Friday with local authorities to share the burden of new investments needed to keep the factory operating.
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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.
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The growing appeal of luxury goods to men and increased confidence among affluent spenders are boosting sales and encouraging luxury brands to step up their investments in the U.S.
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Health care products company Covidien PLC said Friday that it plans to spin off its pharmaceutical business as Mallincrkodt PLC in June. For every eight ordinary shares they hold, Covidien shareholders will receive one ordinary share of Mallinckrodt.
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*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.
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*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..
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SAO PAULO, May 24- Embraer SA, the world's third-largest commercial jet maker, expects just one more big regional jet order as a result of its current U.S. sales campaign, Chief Executive Officer Frederico Curado said in an interview, after the Brazilian planemaker clinched three of four major deals since December.
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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.
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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.
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NEW YORK-- Procter& Gamble shares approached their all-time high on Friday after the world's largest consumer goods maker said current CEO Bob McDonald is retiring and his predecessor A.G. Lafley was taking back the top spot.
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*Corn, wheat decline in profit-taking setback. CHICAGO, May 24- U.S. soybean futures slipped lower on Friday for the first time in seven sessions and corn eased after two days of gains as investors squared ahead the long Memorial Day holiday weekend.
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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.
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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.
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SAO PAULO, May 24- Just two years ago, Brazil was still hailed as "The Near China"- an economy that offered East Asia-style 7- percent growth rates in a seductive, sun-kissed package that was closer to home for western investors.
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British police arrested two men on a Pakistan International Airlines flight on Friday on suspicion of "endangerment of an aircraft".
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*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.
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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.
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*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.
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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.