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  • Brazil's TIM hits sales headwinds, profit down 16 pct Tuesday, 5 May 2015 | 10:12 PM ET

    SAO PAULO, May 5- TIM ParticipaƧoes SA, Brazil's second-largest wireless phone company, posted a 16 percent drop in first-quarter profit from a year ago due to weak sales and rising expenses. Net income fell to 313 million reais, according to a securities filing on Tuesday, close to an average estimate of 308 million reais in a Reuters poll of four analysts.

  • Air Force Secretary Deborah James last week said the Air Force expects to finalize the terms of the competition by the end of May, and could award contracts for prototypes of new U.S.-fueled launch vehicles as early as September. The current sole launch provider, United Launch Alliance, a joint venture run by Lockheed Martin Corp and Boeing Co, is working on a new...

  • COLBY, Kansas, May 5- Colorado's 2015 winter wheat crop should yield 38.0 bushels per acre, an official with the Colorado Wheat Research Foundation, an industry group, said on Tuesday. Joe Westhoff of the Colorado Wheat Research Foundation forecast Colorado wheat production at 89.3 million bushels, based on harvested acreage of 2.35 million acres.

  • BEIJING, May 6- China's services sector grew at its fastest pace this year in April as a sizzling stock market rally helped boost consumer confidence and spending, a private survey showed on Wednesday. Yet in a sign that China's economy still faces strong headwinds, the HSBC/ Markit China Services Purchasing Managers' Index showed final prices of services hit a...

  • 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...

  • MELBOURNE, May 6- London copper slipped on Wednesday from five-month highs hit the session before after weak U.S. data revived concerns about global economic growth, although expectations of easier policy in China and the United States cushioned losses. *Three-month copper on the London Metal Exchange edged down by 0.8 percent to $6,428 a tonne by 1252 GMT,...

  • STANFORD, Calif, May 5- Facebook Inc Chief Operating Officer Sheryl Sandberg re-emerged in public on Tuesday after the accidental death of her husband last week, offering a personal tribute to him in a Silicon Valley memorial service and on her Facebook page. Many of the tech world's top executives filled a 1,700- seat auditorium at Stanford University to...

  • LAS VEGAS, May 5- Democratic presidential candidate Hillary Clinton called on Tuesday for undocumented immigrants to be allowed to gain U.S. citizenship, courting Latino voters and drawing a line between herself and Republican rivals for the White House in 2016.. Former Florida Governor Jeb Bush, a Republican who is weighing a White House bid, has proposed...

  • SINGAPORE, May 6- Oil prices edged up on Wednesday towards 2015 highs reached in the previous session, supported by a weaker dollar and a disruption to crude exports in Libya. *U.S. crude for June delivery traded 43 cents higher at $60.83 a barrel by 0033 GMT. *Brent crude for June delivery was 24 cents higher at $67.76 a barrel, below its 2015 peak of $68.40 reached on...

  • SYDNEY, May 6- Asian stocks stumbled on Wednesday in sympathy with weak U.S. and European markets as equities investors were spooked by a vicious selloff in sovereign bonds globally. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.4 percent in early trade, led by a 1.2 percent decline in Australia. Brent crude has climbed almost 50 percent...

  • 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...

  • May 5- Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations on ride-hailing services. The Kansas Senate on Tuesday voted 96-25 to override Brownback's veto of the Kansas Transportation Network Company...

  • COLBY, Kansas, May 5- Crop scouts on the first day of an annual three-day tour of Kansas projected an average yield for hard red winter wheat in the northern portion of the state at 34.3 bushels per acre, down from 34.7 bushels a year ago. Scouts on the tour, organized by the Wheat Quality Council, sampled 284 fields on Tuesday between Manhattan and Colby, Kansas.

  • SYDNEY, May 6- The dollar nursed broad losses early on Wednesday, having come under renewed pressure after disappointing U.S. trade data for March painted an even bleaker economic picture of the first quarter. Data on Tuesday showed U.S. trade deficit jumped 43.1 percent to $51.4 billion in March, the largest since October 2008, thanks to a surge in imports.

  • CROP TOUR PROJECTS NORTHERN KANSAS WHEAT YIELD AT 34.3 BU/ACRE, DOWN FROM 34.7 IN 2014, FIVE-YEAR TOUR AVERAGE OF 42.5.

  • DIARY- Emerging Markets Economic Events to May 18 Tuesday, 5 May 2015 | 8:02 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. BUDAPEST- Central bank of Hungary publishes April policy meeting- 1200 GMT.

  • 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...

  • LAS VEGAS, May 5- Democratic presidential candidate Hillary Clinton called on Tuesday for a path to citizenship for undocumented immigrants, courting Latino voters and drawing a line between herself and Republican rivals for the White House in 2016.. Former Florida Governor Jeb Bush, a Republican who is weighing a White House bid, has proposed legal status for...

  • LAS VEGAS, May 5- Nevada has given Daimler AG, the world's biggest truck maker, the go-ahead to test its self-driving heavy freight truck for the first time on the open road in ordinary traffic, the two sides announced on Tuesday. "Today is history," Nevada Governor Brian Sandoval, a Republican, said before posing with Daimler board member Wolfgang Bernhard with a red...