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  • May 2- The U.S. Treasury Department said on Friday that the Internal Revenue Service this year and next will take into account "good faith efforts" by foreign banks to comply with a new U.S. anti-tax evasion law set to take effect on July 1.

  • TORONTO, May 2- SNC-Lavalin Group Inc is optimistic about making new construction and engineering acquisitions after selling its AltaLink asset to Berkshire Hathaway Inc for C $3.2 billion, SNC's chief executive said on Friday. Montreal- based SNC is Canada's largest construction and engineering firm.

  • WASHINGTON, May 2- The U.S. government will create a million-barrel gasoline reserve in the Northeast, a reaction to the aftermath of Superstorm Sandy in 2012 when motorists were left without fuel, exposing vulnerabilities in the fuel distribution network.

  • WASHINGTON, May 2- President Barack Obama and German Chancellor Angela Merkel could not hide differences on Friday over U.S. surveillance practices despite Obama's offer of "cyber dialogue" with Berlin and pledge to bridge gaps that have tarnished their relationship.

  • May 2- Twitter Inc's six-month lock-up period is set to expire on May 5, removing restrictions on the sale of about 470 million shares, or roughly 82 percent of its outstanding shares. Twitter's co-founders and an investor, together holding about 109 million shares, have said they would not sell their stake immediately after the expiry of the lock-up.

  • LOS ANGELES/ SAN FRANCISCO, May 2- Comcast Corp may soon allow customers using its cloud-connected X1 cable box system to buy games from Electronic Arts Inc through their televisions, according to five sources briefed on the plans.

  • NEW YORK, May 2- U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend, offsetting optimism about an upbeat jobs report.

  • NEW YORK, May 2- Currency traders briefly boosted the dollar on Friday on news of surprisingly strong hiring that took the U.S. unemployment rate in April to a 5-1/ 2- year low before surrendering the gains on data signalling many Americans were exiting the labor force.

  • BOSTON, May 2- At least five senior executives have left Russian computer security software company Kaspersky Lab in the past month due to a disagreement over the way it is being run under its chief executive and co-founder, Eugene Kaspersky.

  • NEW YORK/ LONDON, May 2- Gold rose more than 1 percent on Friday, its biggest daily gain in two months, as rising geopolitical tensions and heavy short-covering helped bullion reverse an initial sharp sell-off after mixed U.S. job data.

  • NEW YORK, May 2- California is investigating whether top mobile carriers Verizon Communications Inc and AT&T Inc illegally disposed of hazardous waste at their facilities in the state, the companies said in recent filings with the U.S. Securities and Exchange Commision.

  • *Russia calls for U.N. meeting on Ukraine- reports. NEW YORK, May 2- Yields on U.S. 30- year bonds dropped to their lowest in more than 10 months on Friday, falling for a fourth straight session, as concerns about Russia and Ukraine overshadowed an upbeat U.S. employment report.

  • President Barack Obama and German Chancellor Angela Merkel warned Russia on Friday it will face additional sanctions against key sectors of its economy if Moscow disrupts Ukraine's plan to hold elections on May 25.

  • *AstraZeneca rejects Pfizer's raised bid of $106 bln. NEW YORK, May 2- U.S. stocks eased on Friday as an upbeat jobs report was offset by concerns about more violence in Ukraine.

  • WASHINGTON, May 2- POM Wonderful told an appeals court on Friday that U.S. federal regulators who determined the company's advertising was misleading had overstepped in their crackdown, but the juice maker got little comfort from the judges.

  • *Judge favors settlement over litigation; parties hesitant. NEW YORK, May 2- A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.

  • *Russia seen as tougher sanctions target than Libya, Iran. LONDON/ WASHINGTON/ BRUSSELS, May 2- Western states used targeted sanctions to isolate Libya's Muammar Gaddafi and push Iran into nuclear negotiations. Using similar tactics against President Vladimir Putin's Russia is a challenge on an entirely different scale.

  • May 2- A major proxy advisory firm recommended shareholders vote against Goldman Sachs Group Inc's executive compensation plan and added that Morgan Stanley was also paying its top staff too much.

  • BOSTON, May 2- At least five senior executives have left Russian computer security software company Kaspersky Lab over the past month due to a disagreement over the way it is being run under its chief executive and co-founder, Eugene Kaspersky.

  • WASHINGTON, May 2- Oil-by-rail shippers have mostly ignored requests from officials seeking data to prevent dangerous mishaps on the tracks, the U.S. Department of Transportation said on Friday in a posting on its website. Reports on test samples so far have come from Exxon Mobil, Savage Companies and Continental Resources, the DOT agency said.