TOP STORIES 
 
U.S. JOB GROWTH SLOWS, BUT WAGES PICK UP 

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 SLIP AFTER APRIL JOBS REPORT 

Stocks were lower after the Labor Department reported the slowest pace of job creation since September.

OIL GAINS AS PRODUCTION OUTAGES GROW 

Oil prices turned higher as Canadian wildfires spread and an attack on a Nigerian production facility hampered output there.

BRAZIL SENATE'S IMPEACHMENT COMMITTEE VOTES TO TRY ROUSSEFF 

An impeachment committee in Brazil's Senate approved a report recommending the chamber put President Dilma Rousseff on trial, setting the stage for her potential suspension next week.

CIGNA BEATS ESTIMATES, LIFTS OUTLOOK 

Cigna boosted its outlook for the year as earnings easily beat Wall Street expectations in the first quarter, 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.

HONEYWELL, GOOGLE SETTLE LAWSUIT OVER NEST LABS THERMOSTAT 

Honeywell International Inc. has settled its patent dispute regarding Google subsidiary Nest Labs, whose thermostats Honeywell claimed infringed on several of its patents.

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.

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.

EXELON TO CLOSE TWO NUCLEAR PLANTS IF NEEDS AREN'T MET 

Exelon said it would close two nuclear-power plants in Illinois if officials don't pass legislation that provides funding and support for nuclear and solar power.

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.

CHINA SCRUTINIZES BUYOUTS AIMED AT 'BACKDOOR' LISTINGS 

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.

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.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Heard on the Street 
WHAT THE JOBS REPORT MEANS FOR THE FED IN JUNE 
 

It's too soon to say a slower economy is cutting into hiring, but April jobs figures also give little urgency for the Federal Reserve to tighten.

 
U.S. News 
HARVARD TO PENALIZE MEMBERS OF SINGLE-GENDER CLUBS 
 

Beginning with the freshman class that enters in fall 2017, Harvard University students will no longer be allowed to hold leadership positions in campus groups while also maintaining membership in the exclusive, single-gender final clubs that dominate the school's social scene.

(END) Dow Jones Newswires

May 06, 2016 13:00 ET (17:00 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.