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OBAMA SAYS MOST DIRECT THREAT TO AMERICA AND WORLD IS TERRORISM, PARTICULARLY FROM DECENTRALIZED AL QAEDA AFFILIATES AND EXTREMISTS- TEXT.
NEW YORK, May 28- The dollar on Wednesday rose on softness among other major currencies such as the euro, which fell below $1.36 amid gathering expectations of a monetary policy shift next week by the European Central Bank. The measure of a basket of currencies was last at 80.522 in New York trade, up 0.21 percent.
May 28- Michael Kors Holdings Ltd said it expects its current-quarter gross margins to be slightly lower than a year earlier due to the costs of opening new stores in Europe. The startup expenses, such as leasing costs, associated with its expansion in Europe would hurt its retail operating margins, Michael Kors said on a conference call.
OBAMA SAYS INTENDS TO MAKE SURE U.S.
May 28- Aspen Investment Fund, a shareholder of obesity drug maker Vivus Inc, said it was planning to offer to buy the company for $640 million. Aspen, which reported a 9.65 percent stake in Vivus on Wednesday, said it expects to submit its offer to the company by June 13. Vivus shares were up 6 percent at $4.95 in morning trading.
LONDON, May 28- Rating agencies are falling over each other to upgrade the euro zone's crisis countries, but with debt levels in most still rising and growth and reforms slow, the question is whether the new-found optimism has swung too far.
*After EU summit, Merkel lacklustre on Juncker Commission bid. BRUSSELS, May 28- Chancellor Angela Merkel's diluted support for Jean-Claude Juncker's bid to be European Commission president has thrown the field open to other candidates, although it will be weeks before a single nominee emerges.
May 28- Acura Pharmaceuticals Inc's shares fell as much as 21 percent to a life low on Wednesday, a day after the U.S. health regulator said data on its experimental painkiller was insufficient to support its claim that the drug could not be abused by snorting.
LONDON, May 28- Former JPMorgan dealmaker Ian Hannam has lost his appeal against a 450,000 pound fine for market abuse, a London tribunal said on Wednesday. "His actions were not in the proper course of the exercise of his employment," the Upper Tribunal said in its judgment.
MOSCOW, May 28- It won't exactly mean going back to the USSR, but Vladimir Putin is laying the foundations of a huge trading bloc which opponents see as an attempt to recreate at least part of the lost Soviet empire.
LONDON, May 28- Brent crude oil slipped below $110 a barrel on Wednesday, dragged down by a stronger dollar and profit-taking from a rally driven by geopolitical tensions in Ukraine and Libya as well as positive U.S. demand growth data. Brent crude gave up gains made earlier in the session to fall 35 cents to $109.67 by 1356 GMT as traders booked profits.
BOSTON, May 28- BlackRock Inc Chief Executive Larry Fink, who runs the world's largest asset manager, said Wednesday he had fielded angry phone calls after he sent a letter in March to S&P 500 executives warning them about the perils of short-term thinking.
*U.S. 30- year bond yields also fall, near two-week lows. NEW YORK, May 28- Yields on U.S. 10- year Treasury notes dropped to their lowest in 10 months on Wednesday, in line with falls in the German bond market following soft data from the euro zone's largest economy.
*Abu Dhabi's Etihad owns 24 percent stake. NEW DELHI, May 27- Jet Airways Ltd laid out a three-year restructuring plan on Tuesday vowing to take tough measures to return India's No. 2 airline by market share to profit after posting its worst ever loss.
NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, a request that lawyers for the former SAC Capital Advisors LP fund manager called "outrageous."
NEW YORK, May 28- U.S. stocks were little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
EDINBURGH/ LONDON, May 28- The debate over whether Scots will be better off if they break away from the United Kingdom intensified on Wednesday, as pro- and anti-independence camps both claimed Scots would be at least 1,000 pounds a year richer.
BLACKROCK CEO FINK SAYS HE RECEIVED ANGRY PHONE CALLS OVER HIS LETTER TO S&P 500 CEOS DECRYING SHORT-TERM THINKING.
A deal between Apple and Beats Electronics may come this week, but with a smaller price tag than originally thought, the New York Post says.
*Toll Brothers, Michael Kors up after earnings; DSW drops. NEW YORK, May 28- U.S. stocks were set to open little changed on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.