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  • May 6- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported a better-than-expected quarterly profit, helped by strong demand in North America and lower operating expenses. Cost cuts and a stronger dollar led to a $60 million decline in its operating expenses in the fist quarter ended April 4, Motorola Solutions said on Wednesday.

  • *EU exit would be harmful for UK economy, Thiam says. LONDON, May 6- Prudential will post "very strong" first-half earnings, outgoing chief executive Tidjane Thiam said on Wednesday, as the insurer reported an 11 percent decline in new business profit in the first quarter. Thiam, who leaves at the end of the month to run Credit Suisse, said a healthy performance in...

  • Two pharma giants merge in $8.4B deal Wednesday, 6 May 2015 | 8:01 AM ET
    Pharmaceuticals

    Alexion said it would buy Synageva for $8.4 billion to gain access to its experimental early-stage treatment for a rare metabolic disease.

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. The National Highway Traffic Safety Administration has opened what it calls a "recall query" after receiving eight reports of fires...

  • May 6- Drugmaker Alexion Pharmaceuticals Inc said it would buy Synageva BioPharma Corp for $8.4 billion to boost its rare drug pipeline. Kanuma's marketing application is being reviewed in the United States and Europe. Recent deals involving rare disease companies include Teva Pharmaceutical Industries Inc's $3.5 billion purchase of Auspex...

  • LONDON, May 6- A worldwide sell-off in government bonds deepened on Wednesday, with the rise in long-term borrowing costs to their highest level this year spreading unease across all assets and putting stock markets under pressure too. That deflation scare, itself driven by a halving of energy prices at the back end of 2014, had unleashed a wave of central bank...

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. In July 2014, FCA US, the former Chrysler, recalled about 900,000 Jeep Grand Cherokee and Dodge Durango SUVs globally from model years...

  • HONG KONG, May 6- China has more than tripled the number of central government owned firms allowed to trade commodities derivatives overseas without regulator approval, sources told Reuters, in a move that will give China more clout in global markets for metals, energy and agricultural products. "This will boost trading by Chinese companies, energy in...

  • Chief Executive Andrew Witty is under pressure to prove to investors that a $20 billion- plus asset swap with Novartis can revive GSK's fortunes, following a damaging slide in lung drug sales and a major corruption scandal in China. In a bid to protect its dividend, GSK scaled back plans to return 4 billion pounds of cash flowing from the Novartis transaction to...

  • May 6- U.S. refiner HollyFrontier Corp said it would buy back $1 billion of its stock and reported a 49 percent rise in quarterly profit, helped by lower crude prices. The Dallas- based company said the buyback plan would replace its existing stock repurchase programs, which had $462 million remaining. Net income attributable to the company's shareholders rose to...

  • *MoneyGram soared 23.3 percent to $9.62 in premarket trading after Bloomberg reported that Western Union was considering buying its smaller rival. *Herbalife jumped 14.3 percent to $45.81 after the weight-loss and nutritional products maker raised its full-year profit forecast. *Synageva BioPharma soared 41 percent to $134.98 after Alexion offered to...

  • LONDON, May 6- GlaxoSmithKline laid out growth targets for its biggest businesses on Wednesday, hoping to convince investors that focusing on consumer health and vaccines would return the drugmaker to long-term growth. Chief Executive Andrew Witty is under pressure to prove to investors that a $20 billion- plus asset swap with Novartis can revive GSK's...

  • INTERVIEW-New-look GSK bets on consumer health spending Wednesday, 6 May 2015 | 7:19 AM ET

    LONDON, May 6- Consumers from New York to New Delhi are digging deeper in their pockets for over-the-counter remedies and health products, a trend GlaxoSmithKline is banking on to help shape the next chapter in its evolution. In the biggest shake-up in its 15- year history, GSK has just sold its cancer drugs to Novartis, while buying the Swiss group's vaccine...

  • Husky Energy's profit plunges 71 pct Wednesday, 6 May 2015 | 7:16 AM ET

    May 6- Husky Energy Inc, Canada's No.3 integrated oil company, reported a 71 percent drop in quarterly profit, hurt by weak oil and gas prices. The company's net income fell to C $191 million, or 17 Canadian cents per share, in the first quarter ended March 31 from C $662 million, or 66 Canadian cents per share, a year earlier. Husky said the earnings included C $203 million...

  • *Outcome could influence UK's place in EU, Scotland's in UK. LONDON, May 6- Campaigning in Britain's most unpredictable election in a generation entered its final day with the two main parties level in most polls and neither on track to command a majority in the parliament of the world's fifth largest economy. The stakes are high because of a rare confluence of...

  • Motorola Solutions profit beats estimates Wednesday, 6 May 2015 | 7:15 AM ET

    May 6- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported a better-than-expected quarterly profit, helped by strong demand from North America and lower operating expenses. Net income from continuing operations attributable to Motorola Solutions rose to $87 million, or 40 cents per share, in the first quarter ended April 4, from $85...

  • Canada's Enbridge posts quarterly loss Wednesday, 6 May 2015 | 7:13 AM ET

    The Calgary- based company said loss attributable to shareholders was C $383 million, or 46 Canadian cents per share, in the first quarter ended March 31, compared with a profit of C $390 million, or 47 Canadian cents per share, a year earlier.

  • BRUSSELS, May 6- EU regulators will investigate whether electronics and digital content companies illegally curb cross-border online sales, the EU's antitrust chief said on Wednesday, a move likely to affect both e-commerce giant Amazon and traditional retailers. The inquiry into the retail sector is part of a broader strategy by the European Commission to...

  • Alexion Pharma to buy Synageva BioPharma for $8.4 bln Wednesday, 6 May 2015 | 6:54 AM ET

    May 6- Drugmaker Alexion Pharmaceuticals Inc said it would buy Synageva BioPharma Corp for $8.4 billion to gain access to its experimental early-stage treatment for a rare metabolic disease. Alexion's cash-and-stock offer values Synageva at $225.92 per share, representing a premium of 135.7 percent to the stock's close on Tuesday. The deal is expected to...

  • MOSCOW, May 6- Russia's Finance Ministry sold 15 billion roubles of OFZ bonds on Wednesday at an average yield of 10.69 percent, Reuters data showed. The ministry sold all the fixed-coupon bonds maturing in May 2019 on offer. It will later on Wednesday auction 10 billion roubles of floating-coupon OFZs maturing in January 2025.