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  • May 22- U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.

  • *IEA to review oil demand due to India, China EV policy. ZUG, Switzerland, May 22- OPEC nations that deliver some of the lowest cost production will be relatively insulated from an early peak in oil demand caused by any faster-than-expected roll-out of electric vehicles, Glencore's chairman said on Monday. Members of the Organization of the Petroleum Exporting...

  • *U.S. may challenge top beef exporter Brazil in China. CHICAGO, May 19- Talks on restarting U.S. beef exports to China are moving fast and final details should be in place by early June, the U.S. Department of Agriculture said on Friday, allowing American farmers to vie for business that has been lost by rival Brazil. As part of a trade deal, U.S. ranchers are set to face...

  • *Defense stocks lift Wall Street on U.S.-Saudi arms deal. The euro hit a more than six-month high after German Chancellor Angela Merkel said it was "too weak" because of the European Central Bank's ultra-low interest rates and money printing program. The dollar last week notched its largest weekly drop since April 2016 on concerns that turmoil in Washington...

  • DAKAR, May 22- Gambian authorities have seized assets including 86 bank accounts and 131 properties linked to former president Yahya Jammeh, an official said on Monday, as an investigation into the veteran ruler's wealth gathers pace. Gambia's solicitor general said a commission of inquiry would be set up next month to decide the fate of the assets, Solicitor...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • In the meanwhile, insurers that are trying to set premium rates for insurance plans to be sold in 2018 are running up against deadlines and have repeatedly asked Congress to fund the subsidies during the transition. A lower court had ruled in favor of the lawmakers, saying that Congress must appropriate the money for these subsidies and that the government...

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford, once the most financially secure of the' Big Three' Detroit automakers, and the only one...

  • NEW YORK, May 22- U.S. The U.S. Treasury Department planned to sell a combined sum of $88 billion in two-year, five-year and seven-year debt ahead of the Memorial Day holiday weekend. Corporations were also tapping investors for cash with bankers expecting $35 billion in investment-grade deals this week, according to IFR, a Thomson Reuters unit.

  • *OPEC- led supply cut seen extended by six to nine months. *Saudi energy minister visits Iraq seeking output cut extension. *Soaring U.S. production undermines OPEC efforts.

  • WASHINGTON, May 22- The U.S. Transportation Department said on Monday it will release grant funds for a project to electrify a northern California commuter rail system. In February, the Transportation Department withheld a $647 million grant for the San Carlos Peninsula Corridor Electrification, or Caltrain, project, from San Francisco to San Jose to allow a...

  • *Defense stocks gain on U.S.- Saudi Arabia arms deal. May 22- U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal. President Donald Trump visited Saudi Arabia over the weekend and sealed $110 billion in deals through which Riyadh will buy U.S....

  • NEW YORK, May 22- Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars. "Hundreds of billions of miles of human driving data may be needed to develop safe and reliable autonomous vehicles," said...

  • CHICAGO, May 22- Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. CBOT July corn futures ended up 2-1/ 2 cents at $3.75 a bushel. Soybean futures for July delivery were 3-1/ 2 cents higher at $9.56-1/ 2 a bushel.

  • *OPEC- led supply cut seen extended by six to nine months. *Saudi energy minister visits Iraq seeking output cut extension. *Soaring U.S. production undermines OPEC efforts.

  • NEW YORK, May 22- The dollar fell to a more than six-month low against a basket of currencies on Monday, extending its losses from last week, as an uncertain U.S. political climate and a buoyant euro weighed on the greenback. It fell to a low of 96.797, its lowest since Nov. 9, earlier in the session. "I think it is a continuation of the move we have seen since mid-April," said...

  • NEW YORK, May 22- The S&P 500 Telecommunications Services Sector index as-we-know it may have to hang up on investors, as its creators are considering a restructuring of the once-hot index which has shrunk to just four companies from 14.. After years of consolidation and diversification, today's telecommunications sector would be unrecognizable to...

  • May 22- Fox News was hit with new sexual harassment and discrimination lawsuits on Monday, adding to the catalog of complaints that has rattled the U.S. cable news network and its corporate parent 21st Century Fox Inc.. In a third case in the same court, Vidya Mann, a Fox News accounts receivable specialist, said she was taken on as a temporary employee but passed over...

  • May 22- The S&P 500 Telecommunications Services. *WorldCom buys MCI Communications to form MCI WorldCom. *Nextel Communications, Sprint PCS tracking stock join.

  • *Defense stocks gain on U.S.- Saudi Arabia arms deal. May 22- U.S. stocks rose on Monday, boosted by technology shares and by defense companies, which rose after the United States and Saudi Arabia signed a multi-billion dollar arms deal. President Donald Trump visited Saudi Arabia over the weekend and sealed $110 billion in deals through which Riyadh will buy U.S....