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  • *Private payrolls rise 169,000 in April. WASHINGTON, May 6- U.S. private employers in April added the fewest number of workers in more than a year, which could heighten worries about the economy's potential to rebound strongly from a first-quarter slump. That was the fewest since January 2014 and far below economists' expectations for a gain of 200,000 jobs.

  • May 6- Occidental Petroleum Corp boosted its 2015 production forecast on Wednesday after reporting an adjusted quarterly profit in line with expectations as cost cuts helped balance the recent drop in oil prices. Noble Energy Inc and Concho Resources Inc also raised their production outlooks this week. Occidental posted a net loss of $218 million, or 28 cents...

  • May 6- Rowan Companies Plc's quarterly profit more-than doubled, helped by revenue from three new ultra-deepwater rigs. The company's revenue rose 45 percent to $547 million for the quarter ended March 31. Net income rose to $123.7 million, or 99 cents per share, from $59.6 million, or 48 cents per share, a year earlier.

  • May 6- Husky Energy Inc, Canada's No.3 integrated oil company, reported a 71 percent drop in quarterly profit, hurt by weak oil and gas prices. Cash flow from operations, an indicator of the company's ability to pay for new projects, declined more than 45 percent to C $838 million, or 85 Canadian cents per share, in the first quarter ended March 31, Husky Energy said on...

  • U.S. Treasury aims to hold a week's worth of cash Wednesday, 6 May 2015 | 8:32 AM ET

    WASHINGTON, May 6- The United States will try to keep enough cash on hand to cover one week of federal spending for rare cases when the government is unable to tap debt markets, U.S. The Treasury will aim to hold at least $150 billion at the end of every day, Acting Assistant Secretary for Financial Markets Seth Carpenter said in a statement. Separately, a Treasury...

  • WASHINGTON, May 6- Chinese drone maker SZ DJI Technology Co Ltd has secured one of its largest investments yet from a Silicon Valley venture capital firm that was an early backer of Internet pioneers such as Facebook Inc, Etsy Inc and Dropbox. The Shenzhen- based company, a global leader in selling commercial and recreational drones, said on Wednesday that Palo...

  • U.S. productivity falls for second straight quarter Wednesday, 6 May 2015 | 8:30 AM ET

    WASHINGTON, May 6- U.S. nonfarm productivity fell in the first quarter as harsh winter weather weighed on output, pushing labor-related production costs to rise at their quickest pace in a year. Productivity declined at a 1.9 percent annual rate after dropping at a revised 2.1 pace in the fourth quarter, the Labor Department said on Wednesday.

  • May 6- Enbridge Inc, Canada's largest pipeline company, reported a lower-than-expected adjusted quarterly profit, hurt by hedging losses due to a steep drop in oil and gas prices. Excluding one-time items, Enbridge's profit fell to C $468 million, or 56 Canadian cents per share, in the first quarter ended March 31 from C $492 million, or 60 Canadian cents per share, a...

  • May 6- Wendy's Co, the No.3 U.S. burger chain, reported better-than-expected same-restaurant sales for the first quarter and said it planned to sell its bakery operations in the current quarter. Wendy's, like other burger chains including McDonald's Corp and Burger King Corp, has been selling many company-owned restaurants to franchisees to cut costs and...

  • May 6- U.S. refiner HollyFrontier Corp's quarterly profit comfortably beat Wall Street estimates as lower crude costs boosted margins, and the company said it would buy back $1 billion in stock. The company, formed through a merger of Holly Corp and Frontier Oil Corp in 2011, has returned $2.9 billion in cash to shareholders since the deal. Dallas- based...

  • UPDATE 1-BHP spin-off South32 sees M&A opportunities Wednesday, 6 May 2015 | 8:13 AM ET

    BHP shareholders in Australia and Britain voting by proxy overwhelmingly approved the spin-off, which includes some of the global miner's smaller assets, at meetings in Perth and London on Wednesday, paving the way for a listing on May 18. Named after the 32nd parallel south line of latitude that links its business centres in Perth and Johannesburg, South32...

  • May 6- Motorola Solutions Inc, a maker of walkie-talkies and radio systems, reported a better-than-expected quarterly profit, helped by strong demand in North America and lower operating expenses. Cost cuts and a stronger dollar led to a $60 million decline in its operating expenses in the fist quarter ended April 4, Motorola Solutions said on Wednesday.

  • *EU exit would be harmful for UK economy, Thiam says. LONDON, May 6- Prudential will post "very strong" first-half earnings, outgoing chief executive Tidjane Thiam said on Wednesday, as the insurer reported an 11 percent decline in new business profit in the first quarter. Thiam, who leaves at the end of the month to run Credit Suisse, said a healthy performance in...

  • Two pharma giants merge in $8.4B deal Wednesday, 6 May 2015 | 8:01 AM ET
    Pharmaceuticals

    Alexion said it would buy Synageva for $8.4 billion to gain access to its experimental early-stage treatment for a rare metabolic disease.

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. The National Highway Traffic Safety Administration has opened what it calls a "recall query" after receiving eight reports of fires...

  • May 6- Drugmaker Alexion Pharmaceuticals Inc said it would buy Synageva BioPharma Corp for $8.4 billion to boost its rare drug pipeline. Kanuma's marketing application is being reviewed in the United States and Europe. Recent deals involving rare disease companies include Teva Pharmaceutical Industries Inc's $3.5 billion purchase of Auspex...

  • LONDON, May 6- A worldwide sell-off in government bonds deepened on Wednesday, with the rise in long-term borrowing costs to their highest level this year spreading unease across all assets and putting stock markets under pressure too. That deflation scare, itself driven by a halving of energy prices at the back end of 2014, had unleashed a wave of central bank...

  • DETROIT, May 6- U.S. safety regulators have opened an investigation into a potential wire-related fire hazard from a recall repair by Fiat Chrysler Automobiles implemented last year on more than 660,000 SUVs in the United States. In July 2014, FCA US, the former Chrysler, recalled about 900,000 Jeep Grand Cherokee and Dodge Durango SUVs globally from model years...

  • HONG KONG, May 6- China has more than tripled the number of central government owned firms allowed to trade commodities derivatives overseas without regulator approval, sources told Reuters, in a move that will give China more clout in global markets for metals, energy and agricultural products. "This will boost trading by Chinese companies, energy in...

  • Chief Executive Andrew Witty is under pressure to prove to investors that a $20 billion- plus asset swap with Novartis can revive GSK's fortunes, following a damaging slide in lung drug sales and a major corruption scandal in China. In a bid to protect its dividend, GSK scaled back plans to return 4 billion pounds of cash flowing from the Novartis transaction to...