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  • WASHINGTON, May 6- The U.S. Food and Drug Administration will hold a public meeting this summer to address drug company concern that restrictions on what they can say about off-label use of drugs violate their first amendment right to free speech. Efforts by drug companies to change the rules gained steam after a 2012 decision from the Second Circuit Court of...

  • *Sterling on defensive for UK elections. SYDNEY, May 7- The dollar languished at its lowest in over two months against a basket of major currencies early on Thursday, under renewed pressure from disappointing data, while a further spike in German yields gave the euro some support. The euro jumped to a two-month high of $1.1371, continuing to pull away from a 12- year...

  • *1st quarter revenue $939.9 mln vs year-ago $620.5 mln. May 6- Tesla Motors Inc reported a wider first-quarter net loss on Wednesday, but outperformed expectations and stuck to key milestones for the year ahead, despite pressure on margins. Chief Executive Officer Elon Musk said during a conference call that demand for the company's new line of stationary...

  • CHICAGO, May 6- Poultry veterinarians in Minnesota believe an outbreak of avian flu has spread between farms, indicating the implementation of a U.S. strategy to contain the deadly bird disease failed in at least some cases. However, veterinarians now think the disease was transmitted between farms, Bill Hartmann, executive director of the Minnesota Board of...

  • SAO PAULO, May 6- Grupo BTG Pactual SA, the largest independent investment bank in emerging markets, posted stronger-than-expected first-quarter profit after a surge in trading income lifted revenue.

  • SYDNEY, May 7- National Australia Bank, the country's top lender by assets, on Thursday said it plans to raise A $5.5 billion in a rights issue as it looks to demerge and float its troubled British unit by the end of the year. NAB's UK business, which includes Yorkshire and Clydesdale bank branches, has been a persistent thorn in its side, with charges for bad and...

  • May 6- Tesla Motors Inc should have "really good" cash flow in the fourth quarter, Chief Executive Elon Musk said on Wednesday during a first-quarter earnings conference call with analysts. Tesla Chief Financial Officer Deepak Ahuja said the company will be cash-flow positive in the fourth quarter this year. Tesla's cash reserves fell to $1.5 billion as of March...

  • *GlaxoSmithKline boss: we want clarity ASAP. LONDON, May 7- British voters get to decide on Thursday who they want to rule the world's fifth-largest economy in a tight election that could yield weak government, propel the United Kingdom towards a vote on EU membership and stoke Scottish desire for secession. Prime Minister David Cameron's Conservatives and Ed...

  • Al Jazeera America says replaces CEO Wednesday, 6 May 2015 | 7:02 PM ET

    May 6- Al Jazeera Media Network said on Wednesday it had replaced the chief executive of its U.S. network, Ehab Alshihabi, in a move that follows reports of several staff departures and a lawsuit claiming wrongful employment. Al Jazeera said in a statement that it had named Al Anstey, managing director of Al Jazeera English, as chief executive to replace Alshihabi.

  • May 6- Videogame maker Activision Blizzard Inc raised its full-year profit and revenue forecasts and reported better-than-expected quarterly results, helped by growth in its high-margin digital business. Revenue from Activision Blizzard's digital business rose 53.3 percent in the first quarter ended March 31 from a year earlier, helped by robust online...

  • LAS VEGAS, May 6- Billionaire investor Daniel Loeb said on Wednesday that he sees room for restaurant chain company Yum! Brands to potentially split off its China business, but said he is not pushing for that now. Keith Meister, who runs $8 billion hedge fund Corvex Management, said earlier this week that his firm had built up a stake of more than 15 million shares in...

  • LOS ANGELES, May 6- Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the latest quarter and announced plans to debut a new chain of smaller, more value-focused shops next year. Whole Foods executives said the new stores will be designed for influential and tech-savvy millennial shoppers. "We see it as complementary," John Mackey, Whole...

  • NEW YORK, May 6- Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Friday's report on U.S. nonfarm payrolls in April "feels to me that it's going to be weak." The ADP report, however, has a poor track record for predicting nonfarm payrolls, which is reported by the U.S. Department of Labor and which most economists expect to rebound from a poor...

  • Verizon Communications Inc is the latest distributor to challenge the traditional pay-TV universe when it launched in April a new slimmed-down package of channels with the option to add on genres such as sports, kids or news. Fox, along with Comcast Corp's NBC Universal, said Verizon's service violates their contracts that allow Verizon to carry their...

  • Former controller Kevyn Rakowski and former chief credit officer William North were charged by the Justice Department with making false statements to the Federal Reserve and the Securities and Exchange Commission for allegedly underreporting the number of loans at least 90 days past due in late 2009.. The SEC brought related civil charges against...

  • HOUSTON, May 6- Marathon Oil Corp, an independent exploration and production company, reported a first-quarter loss on Wednesday as tumbling oil prices sliced its revenue nearly in half. The first quarter adjusted net loss was $253 million, or $0.37 a diluted share. In terms of operations, Marathon said it had no liftings in Libya during the first quarter, and that "...

  • May 6- A former managing partner at the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Wednesday to 2 -1/ 2 years in prison after he admitted to being part of a scheme that prosecutors say defrauded investors out of $46 million. The sentence was announced by the U.S. Attorney's Office in Connecticut. Prosecutors said that in 2007, New...

  • May 6- U.S. fertilizer producer CF Industries reported lower first-quarter profit on Wednesday, with the drop reflecting a one-time gain a year ago from the sale of its phosphate business. Net earnings fell to $231 million or $4.79 per share from $708.5 million or $12.90 per share a year earlier. Net sales dipped 16 percent to $954 million, reflecting the sale of...

  • WASHINGTON, May 6- Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. "Our new policy reflects our decision to continue to reduce our credit exposure over time to the coal mining sector globally," said Andrew Plepler,...

  • May 6- If credit is no longer working its magic on the economy and asset markets, why does Bill Gross think it will work in investor portfolios? Gross, a bond manager with an enviable long-term track record, comes to a somewhat jarring conclusion in his most recent investment outlook. After having first rehearsed the diminishing returns to the economy, and markets,...