WASHINGTON— US home construction down 14.4 percent in August; fewer ground breakings for apartments.» Read More
May 8- SunEdison Inc reported a larger-than-expected loss due to weak solar panel prices and higher costs associated with keeping rather than selling its solar power plants. SunEdison plans to create a public company that will own and operate the plants, but in the process is sacrificing near-term revenue for long-term profit.
NIGERIA'S DANGOTE, AFRICA'S RICHEST MAN, SAYS TO INVEST $2.3 BLN IN SUGAR AND RICE PRODUCTION IN NORTHERN NIGERIA.
NIGERIA'S DANGOTE SAYS TO INVEST $12 BLN IN NIGERIA AND $4 BLN OUTSIDE NIGERIA OVER NEXT FOUR YEARS.
NIGERIA'S DANGOTE SAYS REDUCING UNEMPLOYMENT IS KEY TO ENDING ISLAMIST INSURGENCY IN NORTH.
NEW BRUNSWICK, N.J., May 8- Barnes& Noble Inc is turning to its college roots to boost its top line.
*AstraZeneca meeting shareholders to canvass views. LONDON, May 8- AstraZeneca shares gained 2 percent on Thursday on speculation that U.S. drugmaker Pfizer was about to return with a higher bid worth more than 53 pounds a share, traders said.
May 8- Valeant Pharmaceuticals International Inc, Canada's largest listed drugmaker, reported a 35 percent jump in cash earnings, helped by robust drug sales in the United States and in its Bausch& Lomb eyecare business.
The remarks from Li, who is on a state visit to Africa, follows data that showed China's trade sector returning to slight growth in April as orders to the United States and Europe surged, though the outlook remains cloudy.
ABU DHABI, May 8- Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into south-east Asia and west Africa next year to tap strong demand for its vessels, its chief executive said on Thursday.
HONG KONG, May 8- Billionaire brothers Thomas and Raymond Kwok, co-chairmen of Asia's largest developer, Sun Hung Kai Properties Ltd, pleaded not guilty on Thursday in Hong Kong's biggest corruption case since the anti-graft agency was formed 40 years ago.
May 8- Regeneron Pharmaceuticals Inc posted a better-than-expected adjusted profit for the first quarter, helped by strong sales of its eye drug, Eylea. The biotechnology company's net income fell to $65.4 million, or 58 cents per share, in the quarter ended March 31 from $98.9 million, or 90 cents per share, a year earlier.
ABUJA, May 8- Chinese Premier Li Keqiang pledged "no strings" support for an African plan to develop a continent-wide high speed rail network, and said China has set aside $2 billion for an African Development Fund. China would also support Africa's plans to boost its aviation and telecoms sectors.
ABUJA, May 8- Nigerian President Goodluck Jonathan pledged on Thursday to find more than 200 schoolgirls abducted by Islamist rebels, saying their rescue would mark "the beginning of the end of terrorism" in the country.
LONDON, May 8- Britain's housing market lost some of its heat in April, data showed on Thursday, but the strength of the underlying price growth kept pressure on the Bank of England to act to prevent a property bubble.
May 8- Solar company SunEdison Inc reported a much bigger first-quarter loss after taking a charge on its convertible notes due to a large increase in the company's share price. The company's net loss widened to $613.6 million, or $2.31 per share, in the first quarter ended March 31, from $89.4 million, or 40 cents per share, a year earlier.
*China exports rise slightly in April, beat forecasts. *China copper imports rise to 450,000 tonnes in April.
*To raise Y300 bln in subordinated yen, dollar loans. TOKYO, May 8- Suntory Holdings Ltd aims to raise more than 800 billion yen in debt to finance its purchase of U.S. spirits company Beam Inc, Japan's third-biggest outbound deal ever, people with knowledge of the deal said on Thursday.
May 8- Valeant Pharmaceuticals International Inc, Canada's largest listed drugmaker, reported a smaller quarterly loss, helped by robust sales in the United States. The company's net loss narrowed to $20.3 million, or 7 cents per share, in the first quarter ended March 31 from $27.5 million, or 9 cents per share, a year earlier.
*FTSEurofirst 300 up 0.5 pct, Euro STOXX 50 up 0.6 pct. LONDON, May 8- European stock markets rose on Thursday after reassuring updates from top companies, such as the German supermarket chain Metro, and better-than-expected Chinese trade figures. The euro zone's blue-chip Euro STOXX 50 index rose 0.6 percent to 3,178.74 points.
FUERTH, Germany, May 8- The long-serving chief executive of German sportswear company Adidas sought to rebuff criticism of his leadership from shareholders on Thursday, as the firm struggles to stop the advance of market leader Nike.