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  • The path to a wearable future lies in academia Monday, 4 May 2015 | 5:00 PM ET

    May 5- For a glimpse of what is, what might have been and what may lie ahead in wearable devices, look beyond branded tech and Silicon Valley start-ups to the messy labs, dry papers and solemn conferences of academia. Any academic interested in wearable technology would look at today's commercial products and say "we did that 20 years ago," said Aaron Quigley, Chair of...

  • WASHINGTON, May 4- The U.S. Holding more cash on hand at the end of every day would help the government get through shocks to its income stream, including future fiscal arguments in Washington. Congressional analysts estimate that Washington must raise the debt ceiling by October or November to keep the Treasury able to pay all its bills.

  • May 4- Samsung and Walt Disney's Marvel introduced a marketing campaign that uses virtual reality to promote "Avengers: Age of Ultron" as more studios look to the new technology to push movies. Jamie Park, head of experimental marketing at Samsung, said the company had seen a growing interest from studios in virtual reality and Samsung would be doing more of this in...

  • GATINEAU, Quebec, May 4- Canadian Liberal leader Justin Trudeau pledged on Monday to cut taxes for most middle-class families and raise taxes on the rich as he sought to regain his polling lead over the governing Conservatives ahead of October's election. Trudeau, son of former Prime Minister Pierre Trudeau, helped lift the Liberals into first place in the polls...

  • Shell's Arctic return faces hurdle at Seattle port Monday, 4 May 2015 | 4:49 PM ET

    May 4- Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for a permit for the company to use it as a hub for drilling rigs. Seattle Mayor Ed Murray, a Democrat who has fought against new projects by coal and oil companies, applauded the requirement by the city's...

  • May 4- AcelRx Pharmaceuticals Inc said a division of the U.S. Food and Drug Administration had rejected the company's request for a meeting to discuss the need for an additional trial of its pain drug device, Zalviso. The company's shares fell about 32 percent to $2.85 in after-market trading on Monday after the FDA also restated its view that the additional...

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission. Lafarge said previously that it would sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials for $450 million in...

  • May 4- The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals. On Monday, Pimco said investors yanked another $5.6 billion from the Pimco Total Return Fund last month, bringing its assets to $110.4 billion at end of April. Outflows from the flagship Pimco Total Return Fund,...

  • Treasuries prices fell on Monday, with the long-end of the curve suffering the most of the sell-off and extending the prior week's declines amid low trading volumes because of holidays in Tokyo and London. Analysts said a combination of factors affected the 30- year Treasury, including negative yields in Europe and a drop in demand for new bonds, plus hints of...

  • BUENOS AIRES, May 4- Argentina will reduce income taxes for workers at the low end of the taxable-income scale, Economy Minister Axel Kicillof said on Monday, announcing a costly move that could help stave off conflict with unions ahead of October's elections. Private economists estimate Argentina's inflation rate at between 25 and 30 percent.

  • May 4- Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more. "This is being driven by a lack of substantial negative news," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle,...

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission.

  • SAO PAULO, May 4- Recent setbacks for prosecutors in a huge corruption scheme at Brazil's state-run oil company Petroleo Brasileiro SA suggest they will struggle to win as many convictions as they seek. The Supreme Court's decision last week to release from jail nine executives at construction companies suspected of paying bribes in the scheme, and put them...

  • May 4- Investors yanked another $5.6 billion from the Pimco Total Return Fund last month, down from withdrawals of $7.3 billion the previous month, Pimco said on Monday. April's outflow, the 24th straight month of withdrawals, leaves the Pimco Total Return Fund's assets at $110.4 billion at end of April. The Pimco Total Return Fund delivered a net after fee return...

  • NEW YORK, May 4- U.S. stocks ended higher on Monday as Berkshire Hathaway led financial stocks higher, while shares of McDonald's declined after the fast-food chain's turnaround plan failed to satiate investors.

  • May 4- XPO Logistics Inc reported a smaller quarterly loss and struck its second deal in a week by agreeing to buy U.S.-based Bridge Terminal Transport for $100 million. XPO, which signed its biggest-ever deal last week by agreeing to buy France- based Norbert Dentressangle SA for $3.5 billion including debt, has become a one-stop shop in transportation...

  • ATHENS/ BRUSSELS, May 4- Wide differences over pension and labour reforms continued to dog intensive negotiations between Greece's leftist government and its international creditors despite progress in other areas as the country's cash position becomes increasingly critical. Government spokesman Gabriel Sakellaridis sounded the alarm on Monday,...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • May 4- During John Chambers' 20- year reign at Cisco Systems Inc, the network equipment maker's shares rose more than 1,470 percent and its annual revenue grew from $1.2 billion to $47 billion. However, Cisco shares have lagged every year for the past six years. In 2011, Cisco became the last of the "horsemen" to begin paying a dividend; Microsoft started regular...

  • *Corn falls for third day on fast planting pace. "I've heard some talk that China has an increased appetite for oil, said Bill Gentry, broker at Risk Management Associates." Corn was anchored by expectations that a U.S. Department of Agriculture report on Monday afternoon will show that farmers seeded huge chunks of their acreage in the past week.