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  • SYDNEY, June 4- The euro clung onto modest overnight gains early on Wednesday, having been squeezed higher in what some traders described as a' buy-the-rumor-sell-the-fact' move in the wake of subdued euro zone inflation data. The common currency last stood at $1.3620 after climbing off a four-month trough to $1.3585.

  • CHICAGO, June 3- AstraZeneca Plc, in the headlines for spurning buyout offers from Pfizer Inc, aims to regain prominence in oncology with compelling trial results and a splashy exhibit booth at the world's largest meeting of cancer doctors.

  • June 4- Britain's Tragus Group, which runs the Cafe Rouge and Strada chains, will shed more than 260 million pounds of debt and offload up to 40 restaurants in a sweeping restructuring by its new private equity owner, the Times reported, without citing sources. The paper said Tragus planned to sell the struggling Italian chain Strada.

  • The U.S. arm of German solar manufacturer SolarWorld AG filed a petition complaining that Chinese manufacturers are sidestepping duties imposed in 2012 by shifting production of the cells used to make their panels to Taiwan and continuing to flood the U.S. market with cheap products.

  • *Institute of International Finance meets in London June 4-6. LONDON, June 4- How far banks are along the path to rehabilitation will be thrown into sharp focus this week when politicians, central bankers and bank bosses gather in London- Europe's finance capital and also the site of many of the industry's ills.

  • NEW YORK, June 3- American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.

  • WASHINGTON, June 3- The U.S. Senate on Tuesday confirmed Timothy Massad as the new chairman of the U.S. Commodity Futures Trading Commission and approved two others as commissioners, filling a leadership gap at the nation's derivatives regulator. The Senate confirmed Massad and industry veteran Chris Giancarlo by voice vote.

  • WASHINGTON, June 3- President Barack Obama will nominate Maurice Obstfeld, an economist at the University of California, Berkeley, to serve on the White House Council of Economic Advisers, the White House said on Tuesday. He will replace James Stock, who is returning to a post at Harvard University.

  • *Expects 2nd- qtr adj profit/share $0.12- $0.13 vs est $0.21. *Expects revenue $250- $252 mln vs est $267.5 mln. Tibco, whose customers include Delta Air Lines Inc, FedEx Corp and Merck& Co Inc, estimated adjusted earnings of 12- 13 cents per share for the quarter ended June 1.

  • BOSTON, June 3- William Ackman's Pershing Square Capital Management flagship hedge fund rose 2.9 percent in May, bringing it to a 22.1 percent gain so far this year and putting it ahead of most rivals, according to two investors in the fund.

  • WASHINGTON, June 3- President Barack Obama will nominate Maurice Obstfeld, an economist at the University of California, Berkeley, to serve on the White House Council of Economic Advisers, the White House said on Tuesday. Obstfeld has built a reputation as an international economist. He will replace James Stock, who is returning to a post at Harvard University.

  • WASHINGTON, June 3- Northrop Grumman Corp has won a five-year contract valued at up to $9.9 billion from the U.S. Air Force to modernize and support the B-2 stealth bomber, the Pentagon announced on Tuesday.

  • U.S. Senate confirms Massad as new CFTC chairman Tuesday, 3 Jun 2014 | 5:49 PM ET

    WASHINGTON, June 3- The U.S. Senate on Tuesday confirmed Treasury Department official Timothy Massad to be chairman of the U.S. Commodity Futures Trading Commission. Senators also confirmed Chris Giancarlo, a swaps industry veteran, as a member of the five-person commission. Both were approved by a voice vote in the Senate.

  • Tesla expands search for U.S. battery factory -CEO Tuesday, 3 Jun 2014 | 5:48 PM ET

    DETROIT, June 3- Tesla Motors Inc is now looking at three sites, instead of two, to begin construction for its lithium-ion battery plant in the United States, Chief Executive Elon Musk said on Tuesday.

  • U.S. SENATE ALSO CONFIRMS CHRIS GIANCARLO AS A MEMBER OF THE CFTC.

  • U.S. SENATE CONFIRMS TIMOTHY MASSAD AS CHAIRMAN OF THE U.S.

  • June 3- The Michigan Senate on Tuesday passed a package of bills that includes state money to aid Detroit retirees, a key element in the city's plan to adjust its debt and exit the biggest municipal bankruptcy in U.S. history.

  • RIO DE JANEIRO, June 3- A majority of creditors of Brazil's Oleo e Gas Participacoes SA approved the terms of restructuring plan for the bankrupt oil and gas exploration and production company, its lawyers said Tuesday.

  • CALGARY, Alberta, June 3- Plains All-American Pipelines LP's Canadian unit has pleaded guilty to three charges related to pipeline spills in 2011 and 2012, local media reported on Tuesday, and will pay C $1.4 million in fines.

  • Federal Reserve's Philadelphia branch on Tuesday named internal policy advisor Michael Dotsey as its director of research, effectively the No. 2 position after Philadelphia Fed President Charles Plosser.