TOP STORIES
U.S. FIRST-QUARTER GDP GROWTH REVISED HIGHER TO 0.8%
The U.S. economy's first-quarter slowdown was less pronounced
than initially thought, and recent data have pointed to a pickup
for growth this spring.
GLOBAL STOCKS FLAT AHEAD OF YELLEN REMARKS
Global stocks were little changed Friday as investors remained
cautious ahead of comments from Federal Reserve Chairwoman Janet
Yellen that could offer clues on the timing of a U.S. interest-rate
increase.
THERMO FISHER SCIENTIFIC TO BUY FEI FOR $4.2 BILLION
The maker of high-end electron microscopes will join Thermo
Fisher's analytical instruments segment after the all-cash
deal.
JAPAN'S ABE HINTS AT TAX DELAY WITH GLOBAL-CRISIS WARNING
Prime Minister Shinzo Abe warned that the world faced a possible
economic crisis, opening the door to another delay in a planned
sales-tax increase in Japan.
QUALCOMM WILL MAKE CHINA-CUSTOMIZED CHIPS THROUGH CHINESE VENTURE
The move is an example of how U.S. tech companies are localizing
products as Beijing tightens control of technology within its
borders.
ANGLO AMERICAN APPOINTS NEW DE BEERS CEO
Diamond giant De Beers named a new chief executive as the
storied business steers through a rough patch of low prices caused
by weaker demand for the precious gems.
OIL PRICES TRADE LOWER
Oil prices traded back below the key $50 threshold, as investors
took profits from the recent rally and the dollar strengthened.
BIG LOTS PROFIT RISES 20%, BOOSTS GUIDANCE
Big Lots boosted its outlook for the year and reported a 20%
rise in profit in the first quarter as comparable-store sales
continued to rise at the discount retailer.
CHINA'S ZOOMLION ABANDONS PURSUIT OF U.S. CRANE MAKER TEREX
Zoomlion Heavy Industry Science & Technology has decided to
end talks over a proposed acquisition of U.S. construction-crane
maker Terex.
SNAPCHAT VALUATION NEARS $18 BILLION
Snapchat raised more than $1.8 billion in an investment round
that stretched over more than a year and included Sequoia Capital
and Spark Capital as new investors.
VALEANT REJECTED JOINT TAKEOVER APPROACH FROM TAKEDA, TPG
Valeant Pharmaceuticals International Inc. received a joint
takeover approach this spring from Japan's Takeda Pharmaceutical
Co. and private-equity firm TPG that the beleaguered drug maker
rejected, according to people familiar with the matter.
OBAMA: MEMORY OF HIROSHIMA BOMBING 'MUST NEVER FADE'
In the first visit to Hiroshima, Japan, by a sitting U.S.
president, Barack Obama mourned the victims of the atomic bombing
on Aug. 6, 1945.
NO CALL FROM G-7 FOR COORDINATED SPENDING
The Group of Seven leading industrialized nations warned of
rising risks to the global economy but stopped short of announcing
coordinated fiscal spending.
JAPAN ORDERS RECALL OF UP TO 7 MILLION MORE CARS WITH TAKATA AIR BAGS
Japan ordered auto makers to recall up to seven million more
vehicles equipped with rupture-prone Takata air bags, raising the
number of domestic recalls to 19.6 million.
ADIDAS TO SELL U.S. BRAND MITCHELL & NESS
Adidas said it would sell U.S. sportswear brand Mitchell &
Ness as part of its strategy of focusing on its core brands.
SGL CARBON SHARES LIFTED BY REPORTED CHEMCHINA INTEREST
Shares in Germany's SGL Carbon jumped 12% following a magazine
report that ChemChina is interested in acquiring the graphite
electrode and carbon fiber maker.
PHILIPS LIGHTING SHARES JUMP ON MARKET DEBUT
Shares of Philips Lighting jumped on their first day of trading
in Amsterdam after parent company Royal Philips sold a 25% stake in
the 125-year-old business.
AXA SELLS U.K. OPERATIONS TO PHOENIX
AXA has agreed to sell its investment, pensions and direct
protection businesses in the U.K. to Phoenix Group as part of the
French insurer's strategy to exit some parts of Europe and invest
in faster growing markets.
U.K. TO SEND WARSHIP TO TACKLE LIBYA ARMS
The U.K. plans to deploy a navy warship to the Mediterranean to
counter arms smuggling in Libya and a team to assist in training
the country's coast guard, Prime Minister David Cameron said
Friday, in the latest sign of a step toward military involvement in
the country.
SOUTH KOREA SHIPBUILDER STX OFFSHORE FILES FOR RECEIVERSHIP
STX Offshore & Shipbuilding has filed for receivership,
becoming the first South Korean shipbuilder to face liquidation in
recent years.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
MARKETS' MIXED SIGNALS: NO ALL-CLEAR FOR INVESTORS YET
Risk appetite has recovered since the panic at the start of the
year. Or has it?
Election 2016
DONALD TRUMP CELEBRATES CLINCHING GOP DELEGATE RACE
Republican Donald Trump took a victory lap Thursday as he
crossed the delegate threshold needed for his party's presidential
nomination, and continued to tease Hillary Clinton about the
persistence of her rival Bernie Sanders-even toying with the idea
of debating the underdog Democrat.
(END) Dow Jones Newswires
May 27, 2016 10:00 ET (14:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.