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  • The company's shares were down 3.8 percent at $57.53 in morning trade on the New York Stock Exchange, amid a broader decline in energy stocks. The company's refining throughput margin fell to $7.96 per barrel in the first quarter, from $12.39 per barrel last year. After adjustments, Valero reported earnings of 60 cents per share, while analysts, on average, were...

  • NEW YORK, May 3- Former drug executive Martin Shkreli, who last year became a lightning rod for outrage over soaring prescription drug prices, may face additional U.S. charges of securities fraud, a federal prosecutor said on Tuesday. Attorney Winston Paes said at a hearing in federal court in Brooklyn, New York. Shkreli, 33, sparked outrage among patients, medical...

  • RIYADH, Saudi Arabia— Saudi Arabia's labor minister said Tuesday that some employees of the Saudi Binladin Group will receive their salaries this month and others soon thereafter. Local Saudi newspapers have reported that the Saudi Binladin Group terminated employment for at least 50,000 foreign workers and was considering firing 12,000 Saudis.

  • Duke said its plans to sell its international business- which spans Brazil, Argentina and Chile- is in the preliminary phases, while it expects to close its acquisition of Piedmont Natural Gas Co by the end of the year. The North Carolina- based company said it is on track to achieve its 2016 adjusted earnings target of $4.50- $4.70 per share. Net income attributable...

  • May 3- Wall Street was sharply lower, with the three major indexes falling more than 1 percent in late morning trading on Tuesday, after weak economic data out of China and Europe rekindled fears of a slowing global economy. Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed.

  • The company, Bunge Ltd, Cargill Inc and Louis Dreyfus Corp make up the so-called ABCD firms that have traditionally dominated the flow of agricultural commodities. Net income attributable to ADM fell to $230 million, or 39 cents per share, in the quarter, from $493 million, or 77 cents per share, a year earlier. On an adjusted basis, the company earned 42 cents per share,...

  • Media report the Beacon Center of Tennessee filed a lawsuit Monday challenging the state's shampoo licensing requirement on behalf of Tammy Nutall-Pritchard, who wants to shampoo hair at a salon in Memphis. It's filed in Davidson County's Chancery Court in Nashville. Tennessee Department of Commerce& Insurance spokesman Kevin Walters declined to comment.

  • *Iraq, Saudis, Iran all signal higher output. Iraq said its oil shipments from southern fields averaged 3.4 million barrels per day in April, up from 3.3 million bpd in March. Iran is also raising output after its emergence from Western sanctions in January and has nearly doubled exports to almost 2 million bpd since the start of the year.

  • May 3- Biogen Inc plans to spin off its hemophilia drug business as a publicly traded company, leaving the drugmaker to focus on developing drugs for neurodegenerative diseases, the company said on Tuesday. The new company will include treatments Eloctate and Alprolix for hemophilia A and B, which had total sales of $554.2 million in 2015, about 5 percent of...

  • LONDON, May 3- Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed on Tuesday. "The latest PMI data indicate global manufacturing output is growing at an anaemic pace, similar to the past year," said David Hensley, a director at JPMorgan. The global PMI combines survey data from countries including the...

  • NEW YORK, May 3- The yen jumped to an 18- month high against the dollar on Tuesday, extending gains on persistent doubts the Bank of Japan will intervene to stem a dramatic rise that has undermined attempts to reflate the world's third-biggest economy. At this stage, the market is sceptical whether they will follow through, "said Steven Englander, global head of G10...

  • STUDIO CITY, Calif. _ Crown Media Holdings Inc. on Tuesday reported first-quarter earnings of $31.2 million. Crown Media shares have dropped roughly 10 percent since the beginning of the year. Keywords: Crown Media Holdings, Earnings Report.

  • BOSTON, May 3- Och-Ziff Capital Management Group LLC reported a first-quarter loss on Tuesday after setting aside $200 million to settle charges that it paid bribes to African officials in return for investments in its alternative asset funds. The largest publicly traded U.S. hedge fund company's shares fell 6 percent to $3.76 after news of the unexpected...

  • PROSECUTORS ARE CONSIDERING ADDITIONAL CHARGES AGAINST EX-DRUG CEO MARTIN SHKRELI- COURT HEARING.

  • *Higher aluminium prices could trigger China restarts. *China suspends release of some commodities output data. LONDON, May 3- Copper fell on Tuesday as funds took profits and manufacturing data from China undermined confidence, but expectations of stronger demand in the top consumer helped support prices.

  • BERLIN, May 3- Porsche's top engineer has left the sports-car maker, having been suspended since parent company Volkswagen's emissions test-cheating scandal broke last year, Porsche said on Tuesday, adding investigations had found no evidence against him. VW, Europe's largest automaker, said last month an investigation by U.S. law firm Jones Day examining...

  • TORONTO, May 3- Canada's main stock index fell to a two-week low on Tuesday as financials and energy stocks led broad-based losses for the resource-linked market, while oil and global stocks also fell. The most influential movers on the index were Bank of Nova Scotia, which fell 3.3 percent to C $63.03, and Royal Bank of Canada, which declined 2.1 percent to C $76.1.

  • But unless someone blinks, it's not likely to resolve a drawn-out standoff between fellow Democrats Prieto and state Senate President Steve Sweeney that has, thus far, kept crucial aid from the nearly broke gambling resort. Prieto has refused to back the Senate bill, largely because it would allow the state to unilaterally break union contracts.

  • HAVANA, May 3- First came U.S. President Barack Obama and the Rolling Stones. Chanel will be the first major fashion house to send models down the catwalk in Cuba, highlighting warming relations with the West.

  • DETROIT, May 3- U.S. auto sales in April were on course to set a new high for the month on Tuesday, with the industry also on pace to top the annual record set last year. Many Wall Street analysts say the U.S. auto market is close to a cyclical peak and will begin to weaken. Heading into Tuesday's sales reports by major automakers, Wall Street was already predicting higher...