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  • Nasser also told Reuters that the state-owned group was pressing on with preparations for its partial privatization via a stock market listing, which he said lay at the heart of Riyadh's "Vision 2030," a long-term economic plan headed by Deputy Crown Prince Mohammed bin Salman. Riyadh has been the driving force behind OPEC's decision in November 2014 to refuse...

  • NEW YORK— A former member of New York Gov. Andrew Cuomo's staff will take over as the Port Authority of New York and New Jersey's vice chairman, the highest New York- appointed position on the powerful bistate agency. Chris Christie, would shift if New Jersey legislators pass a reform bill that would echo one passed by New York lawmakers and establish a rotating...

  • *Dollar Tree Q1 adj profit $0.89/ shr vs est $0.81. *Dollar General profit $1.03/ shr vs est $0.95. Shares of Dollar Tree, the biggest U.S. discount chain, jumped 13.8 percent to $89.16 and Dollar General rose as much as 5.7 percent to $88.95.

  • May 26- The malware that was used to steal $81 million from Bangladesh's central bank has been linked to another cyber attack, this time on a bank in the Philippines, cyber security company Symantec Corp said in a blog post on Thursday. The initial success of the group that attacked the Bangladesh Central Bank and the Philippines bank could prompt more attacks,...

  • Microsoft and Facebook are building a new underwater Internet cable that will cross the Atlantic Ocean, carrying customers' data between North America and Southern Europe. The project will be operated by an affiliate of Spanish telecommunications firm Telefonica, which will sell unused capacity on the cable to other customers. It will connect data hubs in...

  • OAK BROOK, Ill./ LOS ANGELES, May 26- U.S. restaurant operators would probably not replace workers with robots if they had to pay the $15 hourly wage demanded by protesters, McDonald's Corp Chief Executive Officer Steve Easterbrook told shareholders at the company's annual meeting on Thursday. The picketers are part of a national "Fight for $15" movement that, along...

  • May 26- Microsoft Corp and Facebook Inc have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services. The 6,600 kilometer cable, the first to connect the United States with southern Europe, will be operated and managed by Telefonica SA's telecoms infrastructure unit Telxius.

  • LINCOLN, Neb.— A national pork supplier promised Thursday to investigate abuse allegations at one of its Nebraska facilities after an animal rights group released an undercover video showing pigs with open wounds and other health problems. The Animal Legal Defense Fund released the footage Wednesday and sent letters to the Nebraska and Illinois attorney...

  • Federal Reserve Governor Jerome Powell said on Thursday he does not see Britain's June 23 vote on whether to leave the European Union as a systemic risk, but added that it is a possible reason for caution in raising U.S. interest rates. "I don't think you are looking at a systemic event," Powell said in a response to a question following a speech in Washington.

  • May 26- Microsoft Corp and Facebook Inc have agreed to jointly build a subsea cable across the Atlantic Ocean to meet growing demand for high-speed cloud and online services.

  • NEW YORK— McDonald's, under intense pressure in a competitive industry, sought to reassure its shareholders Thursday that it is making changes to its food and service that customers want. CEO Steve Easterbrook recounted adjustments he's overseen since taking the job early last year, such as improving order accuracy, toasting buns longer to improve the taste...

  • ATHENS, May 26- Greece's finance minister said on Thursday he hoped Athens could swiftly qualify for the European Central Bank's quantitative easing program after the successful conclusion of its first bailout review this week. After six months of tense talks, Greece reached a deal with its foreign creditors which will unlock desperately needed bailout...

  • WASHINGTON, May 26- Federal Reserve Governor Jerome Powell said on Thursday he has not yet decided whether to support an interest rate rise at the U.S. central bank's June policy meeting and that he will carefully balance the risks of such a move. "You don't want to wait too long, but neither do you want to be in a hurry," Powell said in response to a question following a...

  • May 26- Wall Street was slightly lower on Thursday as material stocks fell and after oil struggled to stay above the psychologically important $50- per-barrel mark. Oil has rallied in recent weeks as wildfires in Canada and unrest in Nigeria and Libya brought a faster-than-expected recovery to an oversupplied market. "The global surplus still exists and there...

  • The girl's family claimed the Minneapolis- based retailer didn't provide enough security to keep her from being stabbed by a homeless man in March 2013. The girl has recovered, and the homeless man, Leon Walls, has been convicted and sentenced to prison. The Minneapolis- based Target says all the parties have "reached a mutually agreeable, confidential settlement."

  • LOS ANGELES, May 25 (Reuters)- Whole Foods Market Inc unveils its new 365 grocery chain on Wednesday with a bright and airy store that offers lower prices and more technology than the company's namesake shops. The chain, which debuts in Los Angeles' Silver Lake neighborhood, is critical to Whole Foods. Low prices are the top demand even among shoppers prioritizing...

  • LOS ANGELES, May 26- Planes arriving and departing Los Angeles International Airport were delayed on Thursday after a problem with air-traffic control software briefly halted all flights, according to U.S. and local air traffic officials. The Federal Aviation Administration ordered a ground stop for all flights into and out of the airport at about 8 a.m. PDT,...

  • HELSINKI— A Norwegian consumers' group took inspiration from "slow television" to produce a marathon webcast of a team of readers going through the fine print of terms and conditions of downloadable apps. Finn Myrstad from the Norwegian Consumer Council says the idea was to point out the "absurdity" and even illegality of some of the conditions.

  • May 26- Gawker Media, the New York- based owner of online news and gossip website Gawker.com, is exploring a sale following a court ruling that it pay $140 million to wrestler Hulk Hogan over the publication of a sex tape, according to two sources familiar with the matter. The New York Post first reported the sale effort. Investment company Columbus Nova Technology...

  • TORONTO, May 26- Canada's biggest banks on Thursday warned of further losses in coming quarters as energy companies struggled to repay loans, even as growth in wealth management and retail banking helped the banks report better-than-expected second-quarter results. TD Bank's Chief Financial Officer Riaz Ahmed said that despite a recent recovery in oil...