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  • BERLIN, May 22- Germany's government will help German firms with business in Iran where it can, but cannot entirely shield them from the U.S. decision to quit the Iran nuclear deal and reimpose sanctions against Tehran, the economy minister told a newspaper. European companies conducting business in Iran face U.S. sanctions after President Donald Trump...

  • May 22- Kohl's Corp warned of slower same-store sales growth in the second half of the year on Tuesday, overshadowing first-quarter profit and revenue that beat analysts' estimates, sending its shares down more than 7 percent. Kohl's now expects adjusted earnings of between $5.05 and $5.50 per share for the 2019 fiscal year, compared with an earlier forecast of...

  • WASHINGTON— Congress is hurtling toward dismantling a chunk of the rules framework for banks installed to prevent a recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes. The House planned Tuesday to approve legislation to roll back the Dodd-Frank law, easing rules for banks and notching a legislative win for...

  • *Zuckerberg to meet France's Macron on Wednesday. BRUSSELS, May 22- Facebook boss Mark Zuckerberg arrived to meet European Union lawmakers on Tuesday ready to apologise for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network. Zuckerberg's appearance in Brussels comes three days...

  • *Zuckerberg to meet France's Macron on Wednesday. BRUSSELS, May 22- Facebook boss Mark Zuckerberg arrived to meet European Union lawmakers on Tuesday ready to apologize for a massive data leak, in his latest attempt to draw a line under a scandal that has rocked the world's biggest social media network. Zuckerberg's appearance in Brussels comes three days...

  • *FTSE 100 up 0.2 pct, hits new record. Sentiment towards risk assets also improved since the United States and China agreed to continue talks to boost U.S. exports to China, easing worries over a possible global trade war. "The FTSE benefits from a smooth... trade outlook between the United States and China," Ken Odeluga, market analyst at City Index, said.

  • WASHINGTON— After striking a delicate deal with the United Arab Emirates on rules for airline competition, the Trump administration went to war with itself about what the agreement actually said. President Donald Trump's trade adviser Peter Navarro repeatedly contradicted the State Department's carefully crafted script. He insisted the deal includes a "...

  • LONDON, May 22- Global mergers and acquisitions have already reached $2 trillion in 2018, a record for the value of deals in the period, Thomson Reuters data showed on Tuesday. A flurry of deals at the start of the week, particularly in the United States with the $11.1 billion merger of GE's transportation business and rail equipment maker Wabtec, helped reach the...

  • *Ford, GM rise after China cuts car import tariffs. May 22- U.S. stocks edged higher on Tuesday, led by financial and energy stocks, as the United States and China made progress on ironing out their trade differences and reach an agreement. "I don't think today there is any news that's particularly concerning other than disappointing guidance from Kohl's and...

  • *Upstream chief says Iran project not at standstill. *OMV first entered Iran in 2001. European firms doing business in Iran face U.S. sanctions after President Donald Trump withdrew from a deal between the U.S., France, Germany, Britain, Russia, China and Iran, which lifted sanctions in exchange for Tehran limiting its nuclear programme.

  • FRANKFURT/ DUESSELDORF/ LONDON, May 22- Activist investor Elliott, which is currently stepping up its campaigns in Europe, is close to taking a stake in Thyssenkrupp, a source familiar with the matter said, increasing pressure on management to restructure the group. The Germany company's CEO Heinrich Hiesinger, in the job since 2011, has already faced criticism...

  • WASHINGTON, May 22- The share of Americans who report they are doing "at least okay" financially rose in President Donald Trump's first year in office, according to Federal Reserve data published on Tuesday. The data was in line with other readings detailing America's long recovery from the 2007-09 recession, including years of mostly steady job growth and a more...

  • BRUSSELS, May 22- Facebook boss Mark Zuckerberg has arrived to meet leaders of the European Parliament to answer questions about how the data of millions of Facebook users ended up in the hands of a political consultancy. Tuesday's meeting comes three days before tough new European Union rules on data protection take effect. Zuckerberg will stress Facebook's...

  • The Environmental Protection Agency on Tuesday blocked The Associated Press and at least two other news organizations from attending a national summit on harmful water contaminants. The meeting, convened in Washington by EPA chief Scott Pruitt, was open to invited media only, EPA spokesman Jahan Wilcox said. When the reporter asked to speak to an EPA...

  • WASHINGTON, May 22- U.S. lawmakers said on Tuesday they would try to stop President Donald Trump from easing penalties on Chinese telecommunications company ZTE Corp, saying the United States should not bow to pressure from Beijing to help the troubled firm as part of a possible trade deal. The reaction from Capitol Hill could complicate the Trump...

  • WOLCOTT, Conn.— Police say a former gas station worker in Connecticut stole more than $25,000 in scratch-off lottery ticket revenue from the business. The Republican-American reports that 55- year-old Juliana Perillo was charged with larceny Monday in connection to lottery revenue that went missing from Petro Pat's in Wolcott. Police say Perillo stole more...

  • MOSCOW, May 22- Moscow has a negative view of U.S. sanctions against Venezuela's state debt and will not comply with them, Alexander Shchetinin, the head of Latin American department at Russia's Foreign Ministry, was quoted as saying by Interfax news agency on Tuesday.

  • New York, May 22- Global stocks were mixed on Tuesday as Wall Street investors locked in recent gains while European shares approached four-month peaks as pressure eased on Italy's debt markets and as China moved to further open up its economy. Washington neared an agreement to lift its ban on U.S. firms supplying to Chinese telecoms gear maker ZTE Corp, sources...

  • May 22- Kohl's Corp topped Wall Street forecasts for first-quarter profit and revenue on Tuesday but warned that same-store sales growth would slow in the second half of the year, sending the U.S. department store chain's shares down 6 percent. Kohl's now expects adjusted earnings of between $5.05 and $5.50 per share for the 2019 fiscal year, compared with an...

  • May 22- Shares of Micron Technology Inc gained 7 percent on Tuesday and were the most traded stock on Wall Street, a day after the chipmaker said it would buy back up to $10 billion of its shares. "Micron executed one of its best investor days we can remember by cementing the case of the structural change in the memory/storage industry," Rosenblatt Securities analyst...