  | | | | | WASHINGTON (Reuters) - A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of the year, although consumer spending looked relatively resilient to Washington's austerity drive. | | |  | | | | | NEW YORK (Reuters) - Stocks rose on Thursday, rebounding from the previous session's losses, as tepid economic data eased concerns the Federal Reserve would begin to gradually scale back its policy of stimulating growth. | | | |  | | | | | NEW YORK (Reuters) - As the S&P 500 stormed to a gain of more than 16 percent for the first five months of the year, the run was fueled by investors searching for yield. | | | |  | | | | | SHANGHAI/BEIJING (Reuters) - In three decades, Wan Long has turned Shuanghui International Holdings from a small, loss-making meat processor into China's largest, and is making his country's biggest takeover of a U.S. company - the $4.7 billion acquisition of Smithfield Foods Inc , the world's leading pork producer. | | | |  | | | | | NEW YORK (Reuters) - Crest Financial, one of the biggest minority shareholders in Clearwire Corp, on Thursday urged the wireless company to recommend against Sprint Nextel Corp's buyout offer after Dish Network Corp made a counter bid. | | | | | | | (Reuters) - Apparel retailer Guess Inc reported a better-than-expected quarterly profit, helped by a 10 percent rise in sales in Asia. | | | |  | | | | | (Reuters) - American International Group Inc has agreed to drop litigation against the Federal Reserve Bank of New York over who has the right to sue over losses suffered by the insurer on residential mortgage-related securities. | | | |  | | | | | PARIS (Reuters) - The colorful boss of Total is unlikely to be felled by demands he stand trial over alleged bribes to Iran as Christophe de Margerie enters a crucial phase of his high-stakes turnaround plan for the oil firm, with no clear successors. | | |  | | | | | WASHINGTON (Reuters) - The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two U.S. officials said. | | | | | | BRUSSELS (Reuters) - European countries planning a tax on financial transactions are set to drastically scale back the levy, cutting the charge by as much as 90 percent and delaying its full roll-out for years, in what would be a major victory for banks. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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