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  • Citigroup CEO defends credit card deal with Costco Thursday, 28 May 2015 | 11:15 AM ET

    NEW YORK, May 28- Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a...

  • LONDON, May 28- Gold traded little changed on Thursday, with the impact of a steadier dollar offset by lower global shares alongside uncertainty about Greece and an unexpected rise in U.S. jobless claims. European Central Bank Vice President Vitor Constancio underlined the gravity of the situation facing Greece, talking openly about a possible default, which...

  • WASHINGTON, May 28- Greece has not asked to shift its debt repayments to the IMF to the end of June, a Fund spokesman said on Thursday, adding that talks continue on the next review of Greece's bailout. Athens has some 1.6 billion euros due to the Fund next month, starting with a 300 million euro payment on June 5 that is seen as the next crunch point for Greek state...

  • *Greece expected to make June 5 payment despite threats. The government is talking up chances of an aid-for-reform agreement before a roughly 300 million euro payment falls due on June 5 to the International Monetary Fund, which along with the euro zone funds Greece. Even if Greece did miss an IMF payment, the consequences need not be immediately catastrophic,...

  • TREASURIES-Long-dated yields edge higher on profit-taking Thursday, 28 May 2015 | 10:40 AM ET

    *Treasury to sell $29 bln in 7- yr notes. NEW YORK, May 28- U.S. long-dated Treasury yields edged higher on Thursday after traders took profit following a recent price rally, while data showing that U.S. weekly jobless claims unexpectedly rose drew some demand for short-dated notes. "We've seen some month-end buying all week," said Kim Rupert, managing director at...

  • *G7 officials discussing Greece on sidelines of talks. *U.S. presses Europe, IMF to show flexibility on Greece. *IMF, EU officials say much work to do for Greece deal.

  • European shares dip as uncertainty over Greece continues Thursday, 28 May 2015 | 10:26 AM ET

    LONDON, May 28- European shares slipped on Thursday, as uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between Greece and its creditors, until German Finance Minister Wolfgang Schaeuble said not much progress had been made. Most investors expect...

  • NEW YORK, May 28- A federal appeals court on Thursday rejected Apple Inc's bid to disqualify an antitrust compliance monitor who was appointed after the company was found liable for conspiring with publishers to raise the prices of e-books. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge did not abuse her discretion in rejecting Apple's...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement with regulators, Teva, which bought Cephalon in 2012, agreed to pay $1.2...

  • UPDATE 6-Oil drops as dollar rally resumes Thursday, 28 May 2015 | 10:15 AM ET

    LONDON, May 28- Oil prices fell to their lowest levels in a month on Thursday as the dollar resumed a 10- day rally, making fuel more expensive for holders of other currencies. "Much depends on the U.S. dollar," said Carsten Fritsch, senior oil and commodities analyst at Commerzbank in Frankfurt. Front-month Brent was down 40 cents at $61.66 a barrel by 1410 GMT.

  • TORONTO, May 28- Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses. The results follow bullish quarterly numbers from Royal Bank of Canada, Bank of Montreal, Canadian Imperial Bank of Commerce and National Bank of Canada, which reported...

  • US STOCKS-Wall St falls amid Greece worries, China tumble Thursday, 28 May 2015 | 10:10 AM ET

    *Avago rises after agreeing to buy Broadcom for $37 bln. *Abercrombie& Fitch rises after positive forecast. European officials downplayed talk that Greece and its lenders were drafting an agreement that would provide Athens much-needed debt relief.

  • Israeli port workers defy court order to continue strike Thursday, 28 May 2015 | 10:06 AM ET

    Spokesmen for the ports of Ashdod and Haifa said 2,400 workers had left their posts and union leaders had gone underground. The government, frustrated by labour disputes that have disrupted Israel's trade arteries for years, signed contracts with two foreign companies on Thursday to operate terminals adjacent to the state-run ports of Ashdod and Haifa.

  • U.S. company pensions less solvent in 2014 -UBS Thursday, 28 May 2015 | 9:51 AM ET

    NEW YORK, May 28- U.S. corporate pension funds turned less solvent in 2014 versus 2013, approaching risky levels based on regulations, as their liabilities ballooned by more than $180 billion, according to UBS analysts. "Consequently, dropping so perilously close to the 80 percent level should sound an alarm for the entire corporate pension space," UBS analysts...

  • Dreiling, who joined Dollar General as CEO in January 2008, has been credited with making the company the top U.S. deep-discount retailer. Dollar General later made a bid for Family Dollar, which had already agreed to be bought by smaller rival Dollar Tree Inc, sparking off a months-long tussle for the No.2 U.S. discount retailer. Family Dollar's shareholders...

  • ABIDJAN, May 28- The African Development Bank's governors began voting on Thursday to elect a new president to guide the pan-African lender through the continent's increasingly complex financial environment. Eight candidates, including Nigeria's agriculture minister, Akinwumi Adesina, Cape Verde's finance minister, Cristina Duarte, and a former...

  • *Crops grow from Gulf to Russia in advanced greenhouses. AMSTERDAM, May 28- From the rooftops of Amsterdam to the expanses of Kazakhstan, Dutch technology is helping food producers to meet the needs of both gourmets and growing populations facing uncertain supplies. One of the most densely populated countries in the world, the Netherlands has long learnt to...

  • The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge did not abuse her discretion in rejecting Apple's bid to disqualify Michael Bromwich as monitor, even though some of the company's allegations against him "give pause."

  • May 28- U.S. stocks opened lower on Thursday on worries about the possibility of a Greek default and an unexpected rise in weekly jobless claims.

  • *ECB balance sheet to expand to 3.3 trillion euros by Sept 2016. May 28- The European Central Bank will be able to meet its balance sheet expansion target and shut the asset purchase programme as planned in September 2016, a Reuters poll of economists showed on Thursday. The poll of 75 economists, taken this week, showed the ECB's total balance sheet would increase to...