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  • PITTSBURGH— A man scammed a South Korean steel company out of $375,000 by claiming he worked with a Japanese talent agency that could help the company book a concert by musician Pharrell Williams, FBI agents in Pennsylvania said. At least one woman lost $185,000 from December 2013 to August 2014 in the scam, the FBI said. The 28- year-old Segbefia used a company he...

  • NEW YORK/ LONDON, April 24- Gold hit its lowest level in more than a month on Friday, falling for the third straight week as strength in global equities diverted interest from the precious metal, although uncertainty over the timing of a U.S. rate rise kept prices in a tight range. Spot gold was down 1.4 percent at $1,177.03 an ounce at 2:34 p.m. EDT, while U.S. gold...

  • *Fifty line up at one Tokyo store, more in Berlin. NEW YORK/ TOKYO, April 24- The Apple Watch launched quietly around the world on Friday without the usual frenzy or fanfare for an Apple Inc rollout, as a handful of boutiques in major cities like Tokyo and Paris sold the timepiece- but not for purchase at its own stores. Shops included The Corner in Berlin, Colette in Paris,...

  • France's stake in Renault and influence over Nissan, which is 43.4 percent- owned by the French carmaker and where Ghosn is also chairman and chief executive, has long been a sensitive matter. Nissan holds a reciprocal 15 percent in Renault that is deprived of voting rights, another sore point in Tokyo, where Nissan is deemed to be under its alliance partner's...

  • Cheaper fuel has airlines soaring to record profits Friday, 24 Apr 2015 | 2:17 PM ET

    At American Airlines, passengers flew fewer miles and revenue declined 2 percent in the first quarter. —United Airlines posted record first-quarter earnings of $508 million, even though revenue dipped 1 percent; it saved more than $1 billion on fuel. —Southwest tripled its profit to a record $453 million; fuel savings were $437 million.

  • *Microsoft, Yelp, slew of small EU firms among the complainants. BRUSSELS/ BERLIN, April 24- The European Union's decision to take on Google last week stems from offical complaints by 19 companies in Europe and the United States, including Microsoft and a number of small firms, people familiar with the matter said on Friday. The list also includes online mapping...

  • Flash crash trader: 'Strange character but genius' Friday, 24 Apr 2015 | 2:07 PM ET

    On May 6, 2010, an independent trader from west London received a warning about his behaviour from the US's largest futures exchange. The FT reports.

  • Amazon.com Inc, Microsoft Corp and Google Inc led Wall Street higher, prepping the Nasdaq for a second straight record closing high. "I think we're on more solid footing than the last time," said Gordon Charlop, managing director at Rosenblatt Securities in New York, comparing the fresh Nasdaq highs with those in 2000, just before the Internet bubble burst.

  • Business events scheduled for the coming month Friday, 24 Apr 2015 | 1:33 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.; Commerce Department releases construction spending for March, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for March, 8:30 a.m.; Institute for Supply Management releases its service sector index for April, 10 a.m..

  • ZURICH, April 24- Credit Suisse's outgoing chief executive said an ambitious expansion drive following the global financial crisis ranked among his mistakes as CEO, as he addressed shareholders for the last time on Friday. Expectations are high that the man who will replace Dougan in June, Tidjane Thiam, will scale back the investment bank and build up Credit...

  • HSBC Chair: Hong Kong 'interesting' as new HQ Friday, 24 Apr 2015 | 1:02 PM ET
    Pedestrians pass a HSBC bank branch in London, U.K.

    HSBC Chairman Douglas Flint told CNBC that relocating the bank's headquarters back to Hong Kong "would be potentially interesting" on Friday.

  • *Electrolux and Renault advance after results. LONDON, April 24- European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. There was also cautious optimism on Greece after German Chancellor Angela Merkel expressed hope that a...

  • *Saudi-led coalition continues Yemen bombings, driving Brent up. NEW YORK, April 24- Oil prices diverged on Friday, with Brent hitting 4-1/ 2 month highs on continued fighting in Yemen while U.S. crude fell on concerns of another upcoming stock build, though both benchmarks headed toward weekly gains. "It's a push and pull situation with the Yemen tensions giving...

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • *Hong Kong seen as most likely destination for HSBC. *Investors urge HSBC, StanChart to mull move after UK tax rise. LONDON, April 24- HSBC, Europe's biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London's reputation as a global hub for finance and...

  • MONTREAL, April 24- When Scott O'Malia, chief executive officer of the International Swaps and Derivatives Association, took the stage at the trade group's 30th annual general meeting this week, he explained the strength of ISDA as "in a word, relevance." ISDA has been central to the growth of privately traded derivatives, fighting off regulation in the 1990 s,...

  • *Euro zone banks best relative value since 2012- Barclays. LONDON, April 24- European banking shares, shunned by investors after the lenders accrued a spate of expensive fines and were hit by restrictive new regulation, are attracting interest again as the outlook for lending improves and valuations look to be bottoming out. Morgan Stanley and Goldman Sachs said...

  • Europe shares end higher on earnings; Greece up 3% Friday, 24 Apr 2015 | 11:31 AM ET

    European equities finished slightly higher on Friday as investors reacted to a slew of corporate earnings news.

  • NEW YORK— Generic drugmaker Mylan is making official its offer for over-the-counter medicines maker Perrigo as it remains at the center of a three-way battle: Mylan wants to buy Perrigo, while a larger rival wants to buy Mylan. Perrigo has already rejected Mylan's offer and reiterated Friday it feels the bid, worth more than $30 billion, is too low.

  • The trade, known as Alexandria, is at the heart of a scandal that rocked Monte dei Paschi in 2012 just as it was being hit hard by the euro zone debt crisis. The bank emerged as the weakest lender in a Europe- wide review of lenders last year and has been told by the European Central Bank to close the Alexandria trade because its exposure to Nomura breaches regulatory...