TOP STORIES 
 
U.S. PAYROLL GAINS SLOW IN APRIL, ADDING 160,000 JOBS 

The U.S. labor market decelerated in April, a sign employers may be turning cautious after the economy slowed early in the year.

U.S. STOCKS TRIM LOSSES AFTER APRIL JOBS REPORT 

U.S. stocks pared losses on Friday after the Labor Department reported the slowest pace of job creation since September, the latest disappointing reading on the American economy.

OIL PRICES DIP ON GLOBAL GLUT 

Oil futures edged lower as traders looked beyond recent supply disruptions in Canada and Libya and focused on the global crude glut.

CIGNA EARNINGS BEAT, RAISES OUTLOOK 

Cigna boosted its outlook for the year as earnings easily beat Wall Street expectations in the first quarter of the year, helped by more favorable medical costs in the health-care provider's government and commercial employer businesses.

FACEBOOK LOSES VIRTUAL-REALITY INNOVATOR 

The head of display technology for Facebook's Oculus VR division plans to leave in August to work on medical technology.

EVACUATIONS CONTINUE FRIDAY IN WILDFIRE-STRUCK ALBERTA 

With forest fires continuing to spread in Canada's oil-patch hub in the province of Alberta, evacuation efforts on Friday will focus on areas north of the hard-hit town of Fort McMurray.

ARCELORMITTAL SAYS STEEL MARKETS ARE STABILIZING 

The world's biggest steelmaker said U.S. and European markets are stabilizing after record Chinese exports last year caused prices to plummet around the globe.

TOSHIBA NAMES NEW CEO 

The Japanese electronics giant said Satoshi Tsunakawa, an executive vice president and Toshiba veteran, will succeed Masashi Muromachi as chief executive next month.

RIO TINTO IN $5.3 BILLION MONGOLIA PROJECT EXPANSION 

Rio Tinto announced a next stage of development at the Oyu Tolgoi copper and gold mine in Mongolia, paving the way for production to start in 2020.

CANADA SHED 2,100 JOBS IN APRIL 

Canada shed jobs in April and the unemployment rate remained unchanged, as employment in the factory sector fell sharply for a second straight month.

SCRUTINY GREETS FOREIGN-LISTED CHINESE FIRMS COMING HOME TO RELIST 

China's securities regulator is investigating concerns over speculative buying linked to buyouts of overseas-listed Chinese companies aimed at relisting them on domestic exchanges.

GOGO EARNINGS, REVENUE BEAT EXPECTATIONS 

Gogo Inc. said revenue climbed in the first quarter, though the in-flight wireless Internet provider's loss deepened amid increased spending. Still, the results beat Wall Street expectations.

MADISON SQUARE GARDEN REVENUE RISES ON HIGHER BROADCAST FEES 

Madison Square Garden Co. reported an increase in revenue but lost more money as the company benefited from higher broadcast fees.

MAERSK LINE EXPECTS DEMAND TO STABILIZE, SAYS CEO 

Maersk Line, the world's biggest container shipping operator, expects demand to stabilize this year after last year's meltdown, CEO Soren Skou said, saying consolidation will remove some overcapacity.

CHINA'S BAIDU DRAWS OUTCRY AFTER STUDENT'S DEATH 

Baidu's sponsored search results can be hard to distinguish, users say in an unusually vigorous public outcry following the death of a student in China who used a treatment suggested in one such ad.

VALEANT FORMS COMMITTEE TO DETERMINE DRUG PRICES 

Valeant Pharmaceuticals International Inc., which has come under heavy fire from politicians because of dramatic price increases for its drugs, said it had formed a committee that will be responsible for those prices going forward.

AIR PRODUCTS SELLS A CHEMICALS UNIT TO EVONIK FOR $3.8 BILLION 

Evonik Industries has agreed to buy the performance-materials division of Air Products & Chemicals for $3.8 billion, as the German company beefs up its U.S. operations with the largest acquisition in its history.

INTESA SANPAOLO NET PROFIT DECLINES 

Intesa Sanpaolo said its first-quarter net profit declined compared with the same period last year, reflecting mainly lower trading income.

U.K. OPPOSITION LABOUR PARTY DEALT BLOW IN LOCAL ELECTIONS 

The U.K.'s main opposition Labour Party lost seats in local and regional elections, adding to pressure on the party's divisive leader Jeremy Corbyn in his first major electoral test.

WARNER MUSIC REVENUE GROWS ON STREAMING 

Warner Music Group reported its profit fell 39% in the second quarter, though revenue surged as streaming became the top contributor to the top line.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Election 2016 
HOUSE SPEAKER RYAN 'NOT READY' TO BACK TRUMP 
 

Rep. Paul Ryan said Donald Trump had "work to do" to unify the Republican Party and demonstrate his commitment to conservative principles.

 
U.S. News 
AFFORDABLE STARTER HOMES PROVE INCREASINGLY ELUSIVE 
 

Five years into the housing recovery, one crucial segment of single-family construction has yet to materialize: starter homes.

(END) Dow Jones Newswires

May 06, 2016 10:10 ET (14:10 GMT)

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