CEO OF RUSSIA'S LUKOIL OIL COMPANY SAYS EVALUATES SANCTIONS IMPLICATIONS ON ITS JOINT VENTURE WITH FRANCE'S TOTAL.» Read More
May 9- Ralph Lauren Corp warned on Friday that its efforts to open more stores would erode operating profit margin at the luxury fashion house in the fiscal year through March 2015, and that sales growth would also be slower.
LONDON, May 9- Nickel's bull run has just gone into overdrive. On the London Metal Exchange three-month metal has gained almost $1,900 per tonne in the space of a couple of days, this morning hitting a 26- month high of $20,500.
LONDON, May 9- Investors may be stretching too far for higher returns in what some are terming a worldwide "Yield Grab-athon", closing their eyes to the risk of heavy potential losses when interest rates eventually drift higher.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear. Apple shares slipped 0.7 percent to $583.91 while Internet radio provider Pandora Media Inc lost 2.5 percent to $64.52.
BRUSSELS, May 9- Luxembourg has to reform its system of automatically increasing wages to match inflation, to keep its economy competitive as it diversifies away from financial services, the International Monetary Fund said on Friday.
WASHINGTON, May 9- The U.S. Environmental Protection Agency said it wants to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a possible step toward greater federal oversight of hydraulic fracturing, or fracking.
May 9- Wal-Mart Stores Inc should face a U.S. shareholder lawsuit accusing it of concealing suspected corruption at its Mexico operations, even after learning that a damaging media report was being prepared for publication, a federal judge said.
*Job losses of 28,900 versus forecast of 12,000 gain. *Unemployment rate steady at 6.9 pct. OTTAWA, May 9- Canada's economy lost 28,900 jobs in April, Statistics Canada said on Friday in a report that revealed across-the-board weakness, confirming the labor market is stalled and adding jobs at a more sluggish pace than in the United States.
WASHINGTON, May 9- The U.S. Environmental Protection Agency on Friday issued a proposal to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a move seen as a step toward greater federal oversight of hydraulic fracturing, or fracking.
EPA SEEKS PUBLIC COMMENT ON WHETHER CONTENT OF FRACKING FLUID USED IN OIL AND GAS PRODUCTION SHOULD BE DISCLOSED.
May 9- Goldman Sachs Group Inc disclosed on Friday that it was being investigated over its hiring practices outside the United States. The Wall Street Journal reported earlier this week that the U.S. Securities and Exchange Commission had expanded its probe into the hiring practices of at least five U.S. and European banks in Asia, including Goldman.
COPENHAGEN, May 9- Danish wind turbine maker Vestas made an unexpected return to profit in the first quarter, with a big rise in orders suggesting its turnaround drive is gaining traction.
LONDON, May 9- U.S. drugmaker Pfizer is under fire on both sides of the Atlantic as it weighs its next move to buy British rival AstraZeneca, which could be a sweetened offer next week.
May 9- Ralph Lauren Corp said on Friday it expected global revenues to rise between 6 percent and 8 percent in fiscal 2015 but warned its operating margin would decline as it spends money to further build its network of stores. That topped the average Wall Street estimate of $1.83 billion, according to Thomson Reuters I/B/E/S.
Weeks of fighting have exposed 20 years of neglect of Ukraine's security forces since the 1991 collapse of the Soviet Union. Eastern rebels that Kiev and the West say are backed by Russian special forces benefit from political vacillation, disarray among the generals and field commanders unsure of their orders.
*Vivus has 7 U.S. patents for Qsymia, earliest expires in June 2020. May 9- Vivus Inc said on Friday drugmaker Actavis Plc plans to market a generic version of Vivus's obesity drug Qsymia that was approved in July 2012.
HAVANA, May 9- In a land where the potato is scarce, black marketeers peddle tubers in hushed tones, like drug dealers on a big city street corner. Despite market-oriented reforms enacted by President Raul Castro, the communist-run country still encounters chronic shortages.
LONDON, May 9- U.S. drugmaker Pfizer, battling to buy British rival AstraZeneca, has struck a deal with leading British universities to hunt for new medicines to treat rare diseases.
NEW YORK, May 9- Some women will be eating bacon at Mother's Day brunches this Sunday. Overall, 40 percent of breadwinners in American households with children under the age 18 are women, according to the Pew Research Center, a nonpartisan fact tank.
*Apple reportedly close to deal for Beats Electronics. *Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear.