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  • GLOBAL MARKETS-Bond selloff cools; euro, stocks fall Thursday, 7 May 2015 | 10:09 AM ET

    *Wall Street opens mixed, European shares slip. NEW YORK, May 7- The global bond market rout slowed on Thursday as long-term borrowing costs retreated from their highest level in more than five months, but the recent surge in yields kept pressure on stocks worldwide. "After years of over wading in fixed income, a lot of bond investors are starting to take stock and...

  • *OPEC will not cut output alone- Gulf delegate. LONDON, May 7- Brent crude oil retreated below $67 a barrel on Thursday as ample supplies weighed on prices and the impact faded of the first drawdown in U.S. crude inventories since January. Brent crude was down 97 cents a barrel at $66.80 by 1353 GMT.

  • May 7- Hardwood retailer Lumber Liquidators Holdings Inc said it would suspend sales of all laminate flooring sourced from China, following allegations that the products contained excessive levels of cancer-causing formaldehyde. Lumber Liquidators' shares rose as much as 7.2 percent in early trading on Thursday. "Despite the initial positive air quality...

  • *People's Party would win general election, socialists 2nd. MADRID, May 7- Spain's ruling People's Party is seen winning a year-end election with the socialists coming a close second, an opinion poll showed on Thursday, although the most disputed vote in 40 years is likely to lead to a hung parliament. Elections are due later this month in 13 of Spain's 17 autonomous...

  • CRUDE DOWN $1 BARREL AFTER GASOLINE DROPS 2 PCT TO LEAD PETROLEUM COMPLEX LOWER.

  • May 7- U.S. stocks opened slightly lower on Thursday, amid unsettled financial markets worldwide, as the week long sell-off in the bond market continued.

  • LONDON, May 7- U.S. bank Citigroup is targeting market-share gains in equities in 2015, its European head of equities told Reuters, pointing to fresh technology investment and new hires as financial-market trading picks up. "We are not pulling back in equities- quite the opposite," Citi's Tim Gately said in an interview. Citi is making a push for a bigger share of...

  • Saudi Arabia to build planes with Ukraine's Antonov Thursday, 7 May 2015 | 9:34 AM ET

    DUBAI, May 7- Saudi Arabia and Ukraine's Antonov aircraft company are to build transport planes for military and civilian use in a deal strengthening the kingdom's drive to develop a domestic military industry. Antonov said in a separate statement a modernised version of the AN-32 would be designed jointly and then produced in Saudi Arabia, which would own the...

  • May 7- Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the United States. The company sold much of its vehicle interiors business, typically a lower-margin business, to Spain's Grupo Antolin in April. Magna also cut its 2015 sales forecast to $30.8 billion- $32.5 billion from $33.1 billion-...

  • May 7- Orbitz Worldwide Inc on Thursday reported a quarterly loss, missing analysts' expectations of a profit as a rise in fraudulent transactions added to costs. The online travel services company, which larger rival Expedia Inc plans to acquire pending regulatory approval, lost $20.9 million in the first quarter, or 19 cents per diluted share, versus a...

  • May 7- TerraForm Global Inc, formed by solar company SunEdison Inc to own and operate some of its power plants in emerging markets, filed with U.S. regulators for an initial public offering of its class A common shares. SunEdison is following in the footsteps of NRG Energy Inc, which listed a unit holding some of its wind and natural gas assets in 2013..

  • May 7- Government-controlled mortgage financier Fannie Mae said on Thursday it will pay a dividend of $1.8 billion to the U.S. While the payment will push taxpayers further into the black on their bailout of the firm, it will be Fannie Mae's smallest dividend payment since the first quarter of 2010, when it was required to cut a check even as it was drawing bailout...

  • WRAPUP 1-U.S. jobless claims hold near 15-year low Thursday, 7 May 2015 | 9:07 AM ET

    WASHINGTON, May 7- The number of Americans filing new claims for unemployment benefits rose marginally last week, staying near a 15- year low in a sign that the labor market continues to strengthen despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seasonally adjusted 265,000 for the week ended May 2, the Labor...

  • *Alibaba jumps on better-than-expected results. *Whole Foods slumps after results. May 7- Wall Street was set to open slightly lower on Thursday, tracking global markets, amid a continuing sell-off in global bonds.

  • MANNHEIM, Germany, May 7- German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers. The trains-to-turbines group currently employs around 340,000 people worldwide, including about 115,000 in Germany where it is one of the country's biggest employers.

  • With funding deal elusive, Greece rides into storm Thursday, 7 May 2015 | 8:55 AM ET

    FRANKFURT, May 7- With a deal to resurrect its aid-for-reform program elusive, Greece risks running out of money in the coming weeks, raising the prospect of default and capital controls to contain a run on its banks. Officials in Athens are optimistic that the European Central Bank will give it extra financial breathing space but unless euro zone ministers...

  • SunEdison's emerging market unit files for IPO Thursday, 7 May 2015 | 8:38 AM ET

    May 7- TerraForm Global Inc, formed by solar company SunEdison Inc to own and operate some of its power plants in emerging markets, filed with U.S. regulators for an initial public offering of its class A common shares. The Bethesda, Maryland- based company's IPO filing had a nominal fundraising target of $700 million. The amount of money a company says its IPO will...

  • *GlaxoSmithKline boss: we want clarity ASAP. LONDON, May 7- Britons voted on Thursday in the tightest election for decades; one that could cause government gridlock, push the world's fifth-largest economy closer to leaving the European Union and stoke a second attempt by Scotland to break away. Final opinion polls showed Prime Minister David Cameron's...

  • *Greek spokesman says Athens won't back down on everything. *Athens seeks statement of progress to unlock ECB help. Despite efforts by European Commission President Jean-Claude Juncker to coax leftist Prime Minister Alexis Tsipras into moving on two key conditions for releasing EU/IMF bailout funds, the Greek government spokesman said lenders could not...

  • *Gazprom has 12 weeks to respond to EU charges. MOSCOW, May 7- Gazprom is considering offering Europe new concessions, including on pricing, to settle its antitrust case and avoid a long legal battle which could result in billions of dollars in fines for the Russian gas producer. The European Commission has accused Gazprom, which meets a third of EU gas needs and...