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  • April 30- Contract electronics manufacturer Flextronics International Ltd reported better-than-expected fourth-quarter revenue and adjusted profit on Wednesday, helped by higher demand from its game console and smartphone customers. Flextronics makes and assembles desktop PCs for Lenovo but does not make mobile phones for the Chinese company.

  • WASHINGTON- The U.S. government lost $11.2 billion on its bailout of General Motors Co, more than the $10.3 billion the Treasury Department estimated when it sold its remaining GM shares in December, according to a government report released on Wednesday.

  • UPDATE 1-IMF approves $17 billion bailout for Ukraine Wednesday, 30 Apr 2014 | 5:25 PM ET

    WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic's economy recover after months of turmoil.

  • NEW YORK, April 30- Texas tycoon Samuel Wyly said Wednesday his former lawyer cut a "deal with the devil" in agreeing to testify against him in the U.S. Securities and Exchange Commission's fraud trial accusing him of concealing stock trades in offshore trusts.

  • April 30- British media baron Richard Desmond will announce that he is selling free-to-air TV broadcaster Channel 5 to U.S.-based Viacom Inc for up to 450 million pounds, The Guardian reported On Wednesday, without citing sources.

  • April 30- JDS Uniphase Corp, a maker of communication and networking equipment, posted weaker-than-expected quarterly results due to a delay in orders, and the company forecast current-quarter results below analysts' estimates.

  • LONDON, April 30- Gazprom has abandoned plans to build a section of its disputed South Stream gas pipeline to Italy, two sources close to the company said on Wednesday, a day after Gazprom announced a deal with OMV to build a branch to Austria.

  • IMF approves $17 billion bailout for Ukraine Wednesday, 30 Apr 2014 | 5:14 PM ET

    WASHINGTON, April 30- The International Monetary Fund's board signed off on a $17 billion two-year aid program for Ukraine on Wednesday to help the ex-Soviet republic recover after months of turmoil.

  • IMF SAYS UKRAINE'S SECOND AND THIRD DISBURSEMENTS WILL BE BASED ON BI-MONTHLY REVIEWS.

  • WASHINGTON, April 30- As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. "GDP growth would have... been negative were it not for healthcare spending," said Harm Bandholz, chief economist at UniCredit Research in New York.

  • COLUMN-Fed tapers, pity about the data: James Saft Wednesday, 30 Apr 2014 | 5:06 PM ET

    April 30- The Fed charged ahead with its taper Wednesday; pity about all the evidence. I don't usually like to quote from FOMC statements, which are designed to be boring, but check this out:. "Information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently".

  • NEW YORK/ LONDON, April 30- Merck& Co Inc is considering selling a big portfolio of mature drugs that could fetch more than $15 billion, according to people familiar with the matter, as the U.S. drugmaker continues to streamline businesses to focus on high-growth areas.

  • *IMF BOARD APPROVES $17 BLN AID PACKAGE FOR UKRAINE Wednesday, 30 Apr 2014 | 5:04 PM ET
  • NEW YORK, April 30- A CSX Corp train carrying crude oil derailed and burst into flames in downtown Lynchburg, Virginia on Wednesday, spilling oil into the James River and forcing hundreds to evacuate. In its second oil-train accident this year, CSX said 15 cars on a train traveling from Chicago to Virginia derailed at 2:30 p.m. EDT.

  • The measure, proposed on Wednesday amid U.S. concerns over Russia's actions in Ukraine, authorizes Defense Secretary Chuck Hagel to spend $220 million to begin developing a liquid rocket engine that would be made available to all U.S. space launch providers.

  • April 30- Yelp Inc, the operator of consumer review website Yelp.com, reported a better-than-expected 66 percent jump in quarterly revenue due to higher revenue from local advertising on mobile devices. Shares of Yelp, which went public in March 2012, rose 5 percent in extended trading.

  • Western Digital profit slips on lower sales to PC makers Wednesday, 30 Apr 2014 | 4:51 PM ET

    April 30- Hard-disk drive maker Western Digital Corp reported a 4 percent fall in quarterly profit due to a decrease in sales to personal computer makers. The company's net income fell to $375 million, or $1.55 per share, in the third quarter ended March 28 from $391 million, or $1.60 per share, a year earlier. Excluding items, the company earned $1.94 per share.

  • April 30- JDS Uniphase Corp, a maker of communication testing and networking equipment, posted weaker-than-expected quarterly results due to a delay in orders, and it forecast current-quarter results below analysts' estimates.

  • US STOCKS-Dow ends at record as Fed upbeat on economy Wednesday, 30 Apr 2014 | 4:37 PM ET

    *Twitter hits record intraday low, eBay also down after results. NEW YORK, April 30- U.S. stocks rose and the Dow ended at a record high on Wednesday after the Federal Reserve gave an upbeat view of the economy's prospects as it announced another cut to its bond-buying program.

  • Derivative gain boosts MetLife profit Wednesday, 30 Apr 2014 | 4:32 PM ET

    April 30- MetLife Inc, the largest U.S. life insurer, reported a 36 percent rise in quarterly earnings, helped by a derivative gain linked to credit spreads. Net profit rose to $1.30 billion, or $1.14 per share, for the first quarter ended March 31, from $956 million, or 87 cents per share, a year earlier.