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  • Texas Roadhouse beats 1Q profit forecasts Monday, 4 May 2015 | 4:09 PM ET

    LOUISVILLE, Ky. _ Texas Roadhouse Inc. on Monday reported first-quarter earnings of $32.3 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. Texas Roadhouse shares have fallen slightly since the beginning of the year.

  • May 4- Investors yanked another $5.6 billion from the Pimco Total Return Fund last month, down from withdrawals of $7.3 billion the previous month, Pimco said on Monday. April's outflow, the 24th straight month of withdrawals, leaves the Pimco Total Return Fund's assets at $110.4 billion at end of April. The Pimco Total Return Fund delivered a net after fee return...

  • Figures on government spending and debt Monday, 4 May 2015 | 4:02 PM ET

    WASHINGTON— Figures on government spending and debt.

  • NEW YORK, May 4- U.S. stocks ended higher on Monday as Berkshire Hathaway led financial stocks higher, while shares of McDonald's declined after the fast-food chain's turnaround plan failed to satiate investors.

  • May 4- XPO Logistics Inc reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million. XPO, which signed its biggest-ever deal last week by agreeing to buy France- based Norbert Dentressangle SA for $3.5 billion including debt, has become a one-stop shop in transportation...

  • Rates decline at weekly US Treasury auction Monday, 4 May 2015 | 4:00 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.070 percent, down from 0.095 percent last week. For a $10,000 bill, the three-month price was $9,999.62 while a six-month bill sold for $9,996.46.

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • May 4- During John Chambers' 20- year reign at Cisco Systems Inc, the network equipment maker's shares rose more than 1,470 percent and its annual revenue grew from $1.2 billion to $47 billion. However, Cisco shares have lagged every year for the past six years. In 2011, Cisco became the last of the "horsemen" to begin paying a dividend; Microsoft started regular...

  • *Corn falls for third day on fast planting pace. "I've heard some talk that China has an increased appetite for oil, said Bill Gentry, broker at Risk Management Associates." Corn was anchored by expectations that a U.S. Department of Agriculture report on Monday afternoon will show that farmers seeded huge chunks of their acreage in the past week.

  • Anti-Cuban embargo movement picks up steam in US Monday, 4 May 2015 | 3:16 PM ET

    HAVANA— Big businesses and politicians from both sides of the ideological spectrum are putting their muscle into new Washington lobbying efforts to end the U.S. embargo on Cuba as the two countries press ahead to re-establish diplomatic relations. Gross was held on espionage charges in Havana for five years before being released in December amid moves...

  • KANSAS CITY, Kan., May 4- General Motors Co's chief executive said on Monday she is confident the company will convince investors of the value of holding on to GM's stock, which has dropped nearly 9 percent since mid-March despite a $5 billion share buyback plan. The company makes its profit in North America and in China, where margins are likely to be squeezed.

  • *Gold snaps 3- day losing streak with 1 pct rally. *Silver climbs to highest level in nearly 4 weeks. NEW YORK/ LONDON, May 4- Gold climbed 1 percent on Monday, buoyed by weak Chinese factory data and earlier dollar weakness, lifting prices above the prior session's six-week low, though caution over the timing of a U.S. interest rate hike kept prices hemmed within a narrow...

  • NEW YORK— President Barack Obama is helping to launch a foundation that will assist minority young men by improving education, training and job placement. The effort comes a week after unrest erupted in Baltimore following the death of Freddie Gray while in police custody. The new organization, My Brother's Keeper Alliance, is an outgrowth of a year-old Obama...

  • May 4- Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing. Wall Street analysts said a change was expected and could signal a refocusing of Cisco, which acquired dozens of...

  • GATINEAU, Quebec, May 4- Canadian opposition Liberal leader Justin Trudeau pledged on Monday to cut taxes for most middle-class families and raise taxes on the rich, as he sought to regain his polling lead over the ruling Conservatives ahead of an October election. Trudeau, son of former Prime Minister Pierre Trudeau, helped lift the Liberals into first place...

  • LOS ANGELES— A Pasadena police officer has pleaded not guilty in an insurance fraud case brought by Los Angeles County prosecutors who say she participated in a so-called ice bucket challenge despite claiming she had a lower back injury. The district attorney's office says a video posted online last July showed 39- year-old Jaime Robison pick up a 5- gallon...

  • May 4- Wall Street rose on Monday afternoon as Berkshire Hathaway led finance stocks higher, while shares of McDonald's declined after the fast-food chain's turnaround plan failed to satiate investors. "We just seem to be hanging in an upper range, taking in a rash of earnings and trying to digest if the fundamentals are there to build a platform for us to leg-up...

  • NEW YORK— Mall operator Macerich said Monday it settled a proxy fight with two investment funds, and will nominate two new directors to its board while dropping a "poison pill" measure that helped it stave off an attempted takeover. Macerich Co. adopted a shareholder rights plan in March, after larger competitor Simon Property Group Inc. offered to buy the...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...