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  • ATLANTIC CITY, N.J., May 2- Atlantic City, New Jersey's cash-strapped gambling hub, avoided a default on Monday by making its $1.8 million debt service payment, Mayor Don Guardian said. "If we didn't make our bond payment it would be detrimental, including us," Mayor Don Guardian said at a press conference. Tax-exempt serial maturities from 2023 through 2032 are...

  • May 2- Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds that include the $100 billion- plus Contrafund, Boston- based Fidelity has become one of the largest investors in companies before they go public.

  • NEW YORK, May 2- U.S. The Institute for Supply Management said its index of national factory activity fell to 50.8 in April from 51.8 the month before. "I think perhaps people were positioning for a weaker number, given the weakness in some of the regional indicators," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.

  • US TREASURY YIELDS RISE TO SESSION HIGHS AFTER DATA, 10- YEAR YIELDS INCREASE TO 1.85 PCT.

  • *Yields rise as Fed rate policy in focus. NEW YORK, May 2- U.S. "They weren't really eager to pound the table and keep June on the table...," said Aaron Kohli, an interest rate strategist at BMO Capital Markets in New York.

  • TOKYO, May 2- Japanese government bond prices rose on Monday, sending the benchmark 20- year yield to a record low, after Japanese share prices fell more than 3 percent to three-week lows on the yen's gains. The 20- year JGB yield fell to as low as 0.235 percent, below its previous trough of 0.245 percent touched on April 20. The spread between 10- and 20- year yield...

  • NEW YORK— Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors. Alejandro Garcia Padilla said Monday Puerto Rico did not make a debt payment of nearly $370 million and called on...

  • SAN JUAN/ NEW YORK, May 1- Puerto Rico's governor will make a televised speech on Sunday ahead of an expected default on $422 million of debt due on Monday, as the U.S. territory's economic crisis enters its most dire stretch yet. The Government Development Bank, Puerto Rico's primary fiscal agent, is expected to skip at least the principal portion of its payment to...

  • SAN JUAN, April 29- Puerto Rico's Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico's primary fiscal agent, said in a statement on Friday that it was still negotiating with other creditors in hopes of avoiding default on another $422 million due on Monday.

  • SAN JUAN, April 29- Puerto Rico's Government Development Bank said it has reached a deal with credit unions to avoid defaulting on about $33 million of debt due on Monday. The GDB, Puerto Rico's primary fiscal agent, said in a statement on Friday that it was still negotiating with other creditors in hopes of avoiding default on another $422 million due on Monday.

  • *Tepid data sours outlook on U.S. growth in second quarter. *Euro zone posts strongest quarterly growth in five years. NEW YORK, April 29- U.S.

  • *Tepid data sours outlook on U.S. growth in second quarter. NEW YORK, April 29- U.S. The further evidence of another quarter of anemic economic growth, together with investors' anxiety about the outcome of Britain's June 23 referendum on whether to leave the European Union, will likely keep the Federal Reserve from raising rates at its June 14-15 policy meeting,...

  • SAN JUAN, Puerto Rico— Puerto Rico's governor said Friday that the U.S. territory is bracing for multiple lawsuits as a major default looms over a $470 million bond payment. Alejandro Garcia Padilla said he would like judges to take Puerto Rico's economic and humanitarian crisis into account when ruling on the anticipated lawsuits. More than $422 million of...

  • The complaint targets some of T. Rowe Price's most popular funds, including its $31 billion Blue Chip Growth Fund, according to documents filed in U.S. District Court in Oakland, California. The company, for example, is accused of charging up to 69 percent more in management fees on its Blue Chip Growth Fund than what it charges as a subadviser on similar funds for...

  • LONDON/ MOSCOW, April 29- Unable to raise capital via Eurobonds, Russia will have no trouble luring investors to its fallback option of selling more local debt but its failure to build a domestic investor base may impact longer-term strategy. Russia had hoped to raise up to $3 billion via foreign borrowing this year. By scrapping Eurobonds, Russia will protect its...

  • Valeant Pharmaceuticals resolved its default on some of its $30 billion in debt by finally filing its long-overdue U.S. financial report for 2015 on Friday. The moves briefly nudged up Valeant's battered shares, but they quickly headed south amid a broader market sell-off and the realization that the former Wall Street darling's future is still in question.

  • April 29- Nasdaq futures were lower on Friday, weighed down by a fall in tech stocks, while S&P and Dow futures were little changed as a jump in oil prices helped limit losses. *Economists polled by Reuters expect two increases this year but futures prices show traders do not expect rates to rise until late 2016, according to CME Group's FedWatch.

  • NEW YORK— Moody's Corp. on Friday reported a 19.9 percent drop in first-quarter profit on higher expenses and a weaker bond market. The results fell short of Wall Street expectations, with the average estimate of six analysts surveyed by Zacks Investment Research for earnings of $1.07 per share. Moody's expects full-year earnings to be $4.55 to $4.65 per share.

  • LISBON, Portugal— Portugal and the rest of the eurozone could breathe a sigh of relief Friday after international ratings agency DBRS said it wasn't lowering Portuguese sovereign debt to junk status— a feared move that likely would have sparked a fresh bout of international jitters about the soundness of the shared currency. Portugal is still recovering from...

  • *Central beats rival TCC to win Vietnam business. *Thai tycoons jostle for deals in Vietnam. SINGAPORE/ BANGKOK, April 29- France's Casino Group agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, giving the retailer respite from a debt pile that pushed its credit rating to junk.