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  • *India offers tax concessions on mobile component imports. NEW DELHI, May 23- India has offered to allow Apple Inc to import mobile handset components intended for use in local manufacturing tax free, a top government official said on Tuesday. Among a set of tax concessions, Apple had initially sought a 15- years tax holiday for all components that it would import...

  • *Merged entity fits Beijing push for SOE consolidation. HONG KONG/ BEIJING, May 23- Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said. A deal could be announced by the end of the year, the people said,...

  • The stock was down 5.6 percent at $65.16 in premarket trading on Tuesday. As a result, Take-Two forecast adjusted revenue would be between $1.42 billion and $1.52 billion in the year ending March 31, 2018. Take-Two said it expects net sales to top $2.5 billion in its fiscal year starting April 2018, driven by "Red Dead Redemption 2" and a new title from its studio 2 K,...

  • HARIDWAR, India, May 23- Narendra Modi leaned to whisper in the ear of the man sitting cross-legged and barefoot next to him, the one clad in saffron robes with a long beard and squinty gaze. About two months after the rally, when voting had rolled across the vast country, Modi's Bharatiya Janata Party swept the long-ruling Congress Party from power.

  • HAVANA, May 23- U.S. online travel services company Expedia said on Tuesday it had started offering online booking for hotels in Communist-run Cuba, hoping to capitalize on a boom in tourism to the Caribbean island. We are talking about the largest country in the Caribbean with significant hotel expansion plans, " Veronica Vega, Expedia area manager for Caribbean,...

  • WASHINGTON, May 22- President Donald Trump's promise to balance the federal budget in a decade rests on a sustained rise to 3 percent annual economic growth that he promised in his election campaign and a vague "feedback" effect that lowers the annual government deficit by hundreds of billions of dollars. The projections are a leap of faith that many economists...

  • In recent years, the fund has been used to overhaul the SEC's information technology, including upgrades to the filing system for public companies and initiatives to help police fraud and track equities trading patterns. Congress does decide the SEC's $1.6 billion budget, but it is deficit neutral because the fees it collects from Wall Street firms are...

  • WASHINGTON, May 23- The White House on Tuesday will ask Republicans who control the U.S. Congress- and federal purse strings- to slash spending on healthcare and food assistance programs for the poor as they push ahead on plans to cut taxes and trim the deficit. More than $800 billion would be cut from the Medicaid program for the poor and more than $192 billion from...

  • May 23- Private equity firm Bain Capital LP said on Tuesday it had raised $720 million for its first investment fund focused exclusively on the life sciences sector. Guided by a team of eight investment professionals, the new business will make investments of between $30 million and $70 million in public and private life sciences companies in areas ranging...

  • EXPEDIA SAYS IT IS NOW OFFERING ONLINE BOOKING FOR HOTELS IN CUBA.

  • LONDON, May 23- Gold was little changed on Tuesday, struggling to push higher after two weeks of solid gains despite a weaker U.S. dollar and a deadly suicide attack in the British city of Manchester. "Gold is taking a breather once again, its struggling to make it out of this $1,245- $1,265 range," said Ole Hanson, head of commodity strategy at Saxo Bank.

  • PARIS, May 23- Telecoms and cable holding company Altice will group all its operations under its current name by mid-2018, including its French unit SFR Group, which has lost customers and suffered from poor brand perception lately. The holding company, founded by Franco-Israeli tycoon Patrick Drahi, has swiftly become a major cable and telecoms operator in the...

  • MANCHESTER, England, May 23- A major shopping center in the northern English city of Manchester is now reopening after it was temporarily evacuated, a Reuters witness said on Tuesday. Police had begun removing the cordon and workers were slowly being allowed back into site, he said. At least 22 people, including some children, were killed and 59 were wounded when a...

  • MANCHESTER, England, May 23- A major shopping centre in the northern English city of Manchester is now reopening after it was temporarily evacuated, a Reuters witness said on Tuesday. Police had begun removing the cordon and workers were slowly being allowed back into site, he said. At least 22 people, including some children, were killed and 59 were wounded when a...

  • BRENTWOOD, Tenn. _ Kirkland's Inc. on Tuesday reported a fiscal first-quarter loss of $1.4 million, after reporting a profit in the same period a year earlier. Kirkland's expects full-year earnings to be 50 cents to 65 cents per share. Kirkland's shares have dropped 36 percent since the beginning of the year.

  • MANCHESTER, England, May 23- Police in the northern English city of Manchester are investigating an incident at the Arndale shopping centre in the centre of the city, an officer at the scene said on Tuesday.

  • MANCHESTER, England, May 23- Police in the northern English city of Manchester are investigating an incident at the Arndale shopping center in the center of the city, an officer at the scene said on Tuesday.

  • The typical CEO in the industry made $12.9 million, just a touch below their counterparts in industrial goods. A look at the top and bottom-paid CEOs last year, by industry, as calculated by The Associated Press and Equilar, an executive data firm. Health care, $12.9 million, up 6 percent.

  • For its annual study of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined the regulatory filings detailing the pay packages of 346 executives. Equilar looked at companies in the Standard& Poor's 500 index that filed proxy statements with federal regulators between Jan. 1 and May 1, 2017.

  • Here are the 10 highest-paid CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm.