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  • May 8- FDA staff reviewers questioned whether Vertex Pharmaceuticals Inc's experimental cystic fibrosis drug added any benefit over its already approved therapy, Kalydeco, in patients with the most common genetic mutation underlying the disease. Vertex is seeking approval for the combination of the compound lumacafotor and Kalydeco to treat CF patients...

  • May 8- U.S. stock index futures extended their gains on Friday after data showed job growth rebounded last month. The U.S. unemployment rate dropped to a near seven-year low of 5.4 percent in April, indicating a pickup in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Futures snapshot at 8:33 a.m. ET.

  • MOSCOW, May 8- Russia's VTB Bank said a deal it signed with China Development Bank on Friday could finance trade flows between Russia and China worth the equivalent of 12 billion yuan. Russia and China signed a raft of agreements on Friday aimed at deepening economic ties between the two countries as part of talks between Russian President Vladimir Putin and...

  • *Average hourly earnings rise three cents. WASHINGTON, May 8- U.S. job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year. Nonfarm payrolls increased 223,000 as gains in services sector jobs...

  • May 8- McDonald's Corp reported a lower-than-expected fall in worldwide sales at its established restaurants in April, helped by a stronger performance in Europe. Same-restaurant sales rose 1 percent in Europe, boosted by the United Kingdom and Germany. Same-restaurant sales were down 3.8 percent in McDonald's Asia Pacific, Middle East and Africa business,...

  • LONDON, May 8- Crude oil prices edged higher on Friday, set for their first weekly decline in more than a month as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.83 per barrel at 1145 GMT, up 29 cents after hitting a session high of $66.01, on track for a 1 percent weekly decline. "The small drop in U.S. production in...

  • STOCKHOLM, May 8- Swedish telecom equipment maker Ericsson has filed lawsuits in Germany, Britain and the Netherlands against Apple over technology licence payments, Ericsson said on Friday, extending a U.S. battle between the firms to Europe. We are confident the courts in Germany, the UK and the Netherlands will be able to help us resolve this matter in a fair...

  • McDonald's April restaurant sales fall 0.6 pct Friday, 8 May 2015 | 8:04 AM ET

    May 8- McDonald's Corp's worldwide sales at established restaurants fell 0.6 percent in April as the fast-food giant fights to lure back customers and boost sales. The United States is McDonald's top region for profit. That included an expected 2.3 percent drop in the United States.

  • MOSCOW, May 8- Gennady Timchenko, the co-owner of Russia's second largest gas producer Novatek, said on Friday China National Petroleum Corp was not planning to increase its stake in the Yamal LNG project. "It does not plan to increase any share," Timchenko told Reuters. CNPC owns a 20 percent stake in the Yamal project along with France's Total.

  • May 8- Wal-Mart Stores Inc's Canadian unit said it would buy some store leases and other assets formerly held by the Canadian arm of Target Corp and renovate them for about C $350 million. Wal-Mart said in February it planned to invest about C $340 million this year to boost its presence in Canada. Wal-Mart, which plans to hire about 3,400 associates in British...

  • MOSCOW, May 8- The head of Russian gas producer Gazprom said on Friday the firm had taken a decision to start building the Turkish Stream pipeline and that preparations to build the undersea stretch of the pipeline were under way. "From today Gazprom moved to the stage of construction of the sea part of the Turkish Stream pipeline," Alexei Miller, Gazprom chief...

  • May 8- AOL Inc reported quarterly revenue above analysts' expectations, boosted by demand for its real-time bidding platform that helps advertisers place video and display ads on other digital properties. Revenue in AOL's ad platform business rose 21 percent to $279.8 million, accounting for 45 percent of total revenue. Net income attributable to AOL fell to...

  • ATHENS/ ROME, May 8- Greek Prime Minister Alexis Tsipras forecast a happy end soon to fraught negotiations with creditors on a cash-for-reform deal, and the chairman of euro zone finance ministers said talks were making progress, though not enough for a deal next Monday. However, with Greece fast running out money, sources close to the talks with the International...

  • LONDON, May 8- Britain's stock market surged higher on Friday after Prime Minister David Cameron's Conservatives unexpectedly won the general election, giving the party another five years in power. The blue-chip FTSE 100 index rose 1.9 percent to 7,017.35 points by 1104 GMT, within touching distance of the record high of 7,122.74 points reached last month.

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to riskier small businesses and the rural sector, even though the banking sector reported a jump in troubled loans in the first quarter. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4 percent,...

  • LONDON, May 8- World bond and stock markets rose on Friday after a bruising week and sterling surged to a two-month high after the business-friendly Conservative party won Britain's parliamentary election. Sterling leapt 1.3 percent against the dollar and London's FTSE led equity markets with a 1.9 percent jump to help European shares rebound from...

  • JERUSALEM, May 8- Benjamin Netanyahu's formation of one of the most right-wing government in Israel's history has fuelled concerns in Europe and the United States about further settlement building and dimming prospects for peace. Since entering parliament in 2013, she has backed a number of controversial bills, including one that would enshrine Israel as...

  • RUSSIA AND CHINA SIGN RAFT OF TRADE DEALS TO DEEPEN TIES@. MOSCOW, May 8- Russia and China signed a raft of agreements on Friday aimed at deepening economic ties between the two countries, including a deal for Russia's Sberbank to open a 6 billion yuan credit line with China Development Bank. The deals were signed as part of talks between Russian President Vladimir...

  • *Yield rise pace and scale questions Bunds' risk-free status. LONDON, May 8- A stomach-churning sell-off in German bonds has highlighted a paradox: this traditional risk-free asset at the heart of many an investment portfolio can turn toxic when yields approach zero. Just three weeks ago yields hit a record low of 0.05 percent and were expected to turn negative, as...

  • AOL revenue rises on strong ad sales Friday, 8 May 2015 | 7:07 AM ET

    May 8- AOL Inc, owner of the Huffington Post news website and the TechCrunch blog, reported a 7.2 percent rise in quarterly revenue, helped by strong advertising sales. Net income attributable to AOL fell to $7 million, or 9 cents per share, in the first quarter ended March 31 from $9.3 million, or 11 cents per share, a year earlier. Revenue rose to $625.1 million from...