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  • NEW YORK, May 11- A federal judge on Monday ruled that Nomura Holdings Inc misled Fannie Mae and Freddie Mac by making false statements about the quality of mortgages that backed securities it sold. District Judge Denise Cote in Manhattan ruled in favor of the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, following a non-jury...

  • H5N8 BIRD FLU STRAIN FOUND IN BACKYARD POULTRY FLOCK IN INDIANA, FIRST CONFIRMED CASE IN STATE- USDA.

  • "American Idol" to end after next season Monday, 11 May 2015 | 12:22 PM ET

    The popularity of the show, which launched the careers of stars such as Kelly Clarkson and Carrie Underwood and spawned shows such as CBS's "Rock Star" and NBC's "The Voice", has declined in recent years. The 15th season will feature long-time host Ryan Seacrest and celebrity judges Jennifer Lopez, Keith Urban and Harry Connick, Jr.. Fox Television is owned by...

  • Senator Elizabeth Warren hit back at President Barack Obama in their tussle over "fast track" power to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms. "If the president is so confident it's a good deal, he should declassify the text and let people see it before asking Congress to tie its hands on fixing it,"...

  • *Permian Basin rig count up for first time in 2015- Baker Hughes. NEW YORK, May 11- Oil came under pressure on Monday on signs a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies. U.S. crude futures were down 49 cents at $58.90 a barrel by 11:48 a.m. EDT.

  • *Actavis initial forecast historically conservative- analysts. Sales of Allergan products for 15 days and the drugs acquired with the Forest Laboratories deal helped Actavis beat revenue estimate in the quarter ended March 31. Actavis, whose shares were up 3 percent, outbid Canadian drugmaker Valeant Pharmaceuticals International Inc and activist...

  • May 11- Wall Street was mixed in morning trading on Monday amid worries about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. "Even though the market closed up on Friday, more stocks were lower for the week and that points to weakness," said Paul Nolte, portfolio manager at Kingsview Asset...

  • LONDON, May 11- Greek government bond yields rose on Monday as Germany raised the idea of a referendum on the painful reforms Europe is asking Athens to implement in exchange for further aid, adding another layer of uncertainty to the issue. Euro zone finance ministers meeting in Brussels were expected to issue a short statement later in the day acknowledging...

  • May 11- Brazilian telecom group Oi SA is reconsidering the sale of its African assets as relations improve with an estranged partner, Chief Executive Bayard Gontijo said on Monday. "We are changing the center of gravity from Lisbon to Brasilia," Gontijo said, adding that relations with Isabel dos Santos, the daughter of Angolan President Jose Eduardo dos Santos,...

  • BRAZIL'S OI RECONSIDERS PLAN TO SELL STAKE IN ANGOLA'S UNITEL- OI CEO.

  • *Euro zone bourses fall on Greece, driving bond yields up. NEW YORK, May 11- Global equity markets eased on Monday after a cut in Chinese interest rates initially kept shares near record highs, but a lack in progress in resolving Greece's financial woes weighed on stocks and weakened the euro against the dollar. "The market's focus was distracted away from Greece...

  • UPDATE 1-Tempur Sealy CEO to step down Monday, 11 May 2015 | 11:17 AM ET

    May 11- Mattress maker Tempur Sealy International Inc said Chief Executive Mark Sarvary would step down, two days after shareholders voted to remove him from the company's board. Chief Operating Officer W. Timothy Yaggi will serve as interim CEO, Tempur Sealy said. The company also named Usman Nabi of H Partners, the company's largest shareholder, to its board as...

  • Federal Reserve should not telegraph ahead of time exactly when it will begin to raise interest rates, a top Fed official said on Monday, putting markets on notice for more volatility in the coming months. "My personal preference is that we don't have the most telegraphed policy decisions in history, as we did in 2004," San Francisco Fed President John Williams...

  • Election relief fades for UK stocks Monday, 11 May 2015 | 11:06 AM ET

    LONDON, May 11- Britain's top share index remained broadly flat on Monday as a relief rally on the back of last week's unexpectedly strong Conservative election victory petered out. The blue-chip FTSE 100 index hovered at 7,048.32 points at 1451 GMT, underperforming the pan-European FTSEurofirst 300, after surging 2.3 percent on Friday.

  • BRUSSELS, May 11- Euro zone finance ministers will issue a short statement on Greece on Monday and will welcome progress made so far with creditors but will also warn that more time and effort is needed to overcome difficulties in talks with creditors, two EU officials said. "There will be a short statement and it will refer to the progress made and the work ahead,...

  • NEW YORK, May 11- Americans expected only soft price inflation over the next few years, in part due to cheaper gasoline, according to a Federal Reserve survey last month that also found that purse strings were tightening across the nation. The New York Fed's survey of consumer expectations, released on Monday, showed one-year ahead inflation expectations of 2.7...

  • ATHENS, May 11- Greece paid about 750 million euros to the International Monetary Fund on Monday, a day before it was due, two Greek finance ministry officials told Reuters on Monday. Greece's government in recent days had insisted it would honour its obligations, but officials in the past have warned the country may not have enough money to make the payment.

  • Federal Reserve should not telegraph ahead of time exactly when it will begin to raise interest rates, a top Fed official said on Monday, putting markets on notice for more volatility in the coming months. "My personal preference is that we don't have the most telegraphed policy decisions in history, as we did in 2004," San Francisco Fed President John Williams...

  • US STOCKS-Wall St mixed at open; energy shares fall Monday, 11 May 2015 | 10:27 AM ET

    *Rosetta soars as Noble Energy offers to buy company for $2 bln. *Zulily rises after Alibaba increases stake. Exxon Mobil shares fell 1.1 percent to $87.28.

  • SANTIAGO, May 11- Economist Rodrigo Valdes was named as Chile's finance minister on Monday, in a sweeping Cabinet reshuffle by President Michelle Bachelet that saw her core group of closest ministers all replaced. Outgoing finance minister Alberto Arenas had a strained relationship with the business community following unpopular reforms and an "inability...