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  • *Forecasts 2016 operating loss of $41 mln- $47 mln. *Raises 2016 revenue by 5.2 pct to $337 mln- $347 mln. The company said it expects a bigger 2016 operating loss of $41 million- $47 million, compared with a previous forecast of $36 million- $42 million.

  • "I think it is just a technical bounce off the lows," said Mike Krueger, "president of The Money Farm, a grain market advisory service near Fargo, North Dakota. Technical support was noted for corn at the benchmark Chicago Board of Trade July contract's 30- day moving average, a level it has not closed below since April 12. At 10:05 a.m. CST, CBOT July wheat was up 4 cents at...

  • May 4- U.S. oil and gas producer Noble Energy Inc said it expects to spend less than the $1.5 billion it had budgeted for the year, but would consider spending more on U.S. shale assets if crude oil prices moved and stayed above $50 per barrel. Last week, Pioneer Natural Resources said it would add rigs if oil stayed near or rose above $50 per barrel.

  • *Brent off 2016 high on OPEC output rise, demand concerns. LONDON, May 4- Oil prices pared gains on Wednesday as a bigger than expected gain in U.S. crude stocks tempered concerns about reduced production in Canada's oil sands region due to a wildfire. "The crude build was obviously bigger than expectations," said John Kilduff, partner at Again Capital Management in...

  • TORONTO, May 4- Canada's main stock index fell on Wednesday as U.S. and Canadian data added to concerns about the growth outlook and a wildfire reduced production in the country's oil sands region. U.S. private sector job growth slowed in April to its weakest in three years, while Canada's trade deficit widened in March to a record C $3.41 billion as exports sank for...

  • NEW YORK— Spring cleaning isn't just about tossing old furniture and torn clothing: It's a great time to clear out your digital clutter and make sure you're protected against hackers. That means evaluating all your passwords— and changing them if you haven't in a while. You'll also want to update your software and take stock of your personal information on...

  • LONDON, May 4- Standard Chartered would risk a staff exodus if it cut bonuses, Chairman John Peace said on Wednesday, responding to investor anger over high pay when the bank's shares have tumbled and there will be no final dividend for 2015.. At the bank's annual shareholder meeting, Peace was asked by one shareholder why Standard Chartered's overall incentive...

  • LONDON/ BENGALURU, May 4- The New York Stock Exchange's owner shelved plans on Wednesday to gatecrash a merger between London Stock Exchange Group Plc and its German counterpart, saying it no longer intended to stage a rival bid for the British bourse. Intercontinental Exchange Inc's CEO Jeffrey Sprecher accused the London exchange of failing to respond to the...

  • CHICAGO— Grain futures were mostly higher Wednesday in early trading on the Chicago Board of Trade. Wheat for May delivery was 5 cents higher at $4.6460 a bushel; May corn was 1.50 cents lower at $3.7640 bushel; July oats was 3 cents lower at $1.96 a bushel; while May soybeans gained. 50 cent to $10.21 a bushel. June live cattle was. 38 cent higher at $1.1675 a pound; May...

  • DETROIT— Nissan is recalling more than 108,000 Rogue small SUVs in the U.S. because the rear hatch door could fall on people without warning. The recall covers Rogues from the 2014 to 2016 model years. Nissan says there have been no incidents in the U.S., but the Rogues have support struts that are similar to those in another country that have malfunctioned.

  • RIYADH, May 4- Saudi Deputy Crown Prince Mohammed bin Salman got a standing ovation when he visited a gathering of Saudi youth last month. Whether the 31- year-old son of King Salman will achieve his goal of modernising the kingdom's economy is the subject of animated debate on social media, in office buildings and at coffee shops here. "Saudi Arabia is far away" from...

  • LONDON, May 4- Supporters of Tom Hayes, a former star trader serving an 11- year jail sentence for conspiring to rig Libor interest rates, have launched a crowdfunding campaign to raise 150,000 pounds to pay for a fresh attempt to appeal against his conviction. However, his simultaneous appeal against the conviction failed and in March the Court of Appeal also...

  • May 4- Time Warner Inc reported higher-than-expected earnings on Wednesday on strong revenue from its HBO cable channel and Turner Broadcasting unit. The New York- based company said first-quarter net income rose to $1.21 billion, or $1.51 per share, from $970 million, or $1.15 per share, a year earlier. Despite the profit beat, however, the company said it still...

  • *Trade deficit falls 13.9 percent to $40.4 billion in March. WASHINGTON, May 4- The vast U.S. services sector expanded in April as new orders and employment accelerated, bolstering views that economic growth would rebound after almost stalling in the first quarter. The Institute for Supply Management said its nonmanufacturing index rose 1.2 percentage points...

  • LONDON, May 4- Sterling fell broadly on Wednesday after data from Britain's construction sector added to a subdued outlook for the economy just months before the vote on Britain's future in the European Union. Most economists reckon leaving the EU would deal a blow to the British economy, with a hefty current account deficit- 7 percent of GDP in the last quarter of...

  • NEW YORK, May 4- A brutal start to the year for biotech stocks could pave the way for more deal-making in the sector, with premiums of potentially 50 percent to 100 percent above depressed share prices, according to a top healthcare investor. Andy Acker, a portfolio manager at Janus Capital Group who helps oversee $7 billion in healthcare assets, says the sell-off...

  • CRUDE OIL FUTURES PARES GAINS FOLLOWING EIA INVENTORY DATA.

  • OMAHA, Neb.— The first online broadcast of Berkshire Hathaway's annual shareholder meeting was viewed 1.8 million times last Saturday. Yahoo Finance broadcast the meeting where Berkshire Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger answered questions for more than five hours. In addition to the online audience, Buffett says roughly...

  • WASHINGTON— A private survey says growth accelerated in April at U.S. services companies, a potential positive for the economy after a sluggish start to 2016.. The Institute for Supply Management said Wednesday that its services index climbed to 55.7 in April, the highest level this year. "The increase in the ISM non-manufacturing index in April suggests that...

  • May 4- CDK Global Inc shareholder Elliott Management Corp wrote to the board that the company's operations remained "vastly under-optimized" and urged it to streamline its operations and optimize its capital structure. Shares of CDK Global, which provides marketing software to auto retailers, rose as much as 7.5 percent to $50.57 in morning trading on...