European shares fall amid Greek impasse, weak euro zone data *Syngenta boosted by speculation about higher bid. LONDON, May 29- European shares fell on Friday, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece's debt talks and data showing private loan growth in the euro zone stalled last month. "It's just Greece, Greece and Greece," David Madden, a market analyst at IG, said.
| By: Francesco Canepa
UPDATE 1-Equinix to buy Telecity Group for $3.6 bln, Interxion deal collapses LONDON, May 29- U.S. data center company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds which ends Telecity's pursuit of smaller Dutch firm Interxion Holding NV. Telecity, which runs some of the huge computer centers which process traffic on the Internet, said in a statement its board had recommended...
UPDATE 1-Skanska consortium preferred bidder for $3.6 bln LaGuardia project STOCKHOLM, May 29- Swedish builder Skanska said on Friday its LaGuardia Gateway Partners consortium had been selected as preferred bidder in a $3.6 billion project to build a new terminal at New York's LaGuardia Airport. Skanska said its share of the equity investment would be up to 40 percent, while its share of the construction contract is 70 percent.
For failed Atlantic City loan program, big promises fizzled ATLANTIC CITY, N.J.- When Jim Thigpen first met with an investor in early 2012 to discuss selling control of the Tennessee financial firm he had run for more than 20 years, he said W. Wesley Drummon boasted of a business plan that involved $2 billion from the Bank of China. But as Drummon negotiated with Thigpen to purchase the Tennessee Business and Industrial...
Source: The Associated Press
| By: By JOSH CORNFIELD, Associated Press
WRAPUP 1-U.S. economy likely shrank in 1st qtr, but fundamentals strong *First-quarter GDP seen revised down to show contraction. GDP forecast shrinking at a 0.8 percent annual rate. WASHINGTON, May 29- The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.
Russell index adjustments could produce $40 bln trade flurry *Small-cap benchmark Russell 2000 to add, delete components. *$5 trillion benchmarked to Russell indexes. NEW YORK, May 29- Investors trying to capitalize on the annual tweaks to the makeup of Russell stock indexes may produce a rush of transactions worth over $40 billion in the final moments of trading on Friday, June 26, when those changes are formalized.
| By: Chuck Mikolajczak and Noel Randewich
Ex-Wells Fargo analyst settles U.S. SEC insider trading case for $75,000 Bolan, because it ends the SEC case against him while permitting him to go back to work immediately, "he said. The settlement was reached on the eve of a trial before an SEC administrative law judge over charges the SEC first leveled against Bolan and Ruggieri in September. The SEC had alleged that Ruggieri, who worked at Wells Fargo in New York, in 2010 and 2011 traded...
| By: Nate Raymond
JPMorgan to lay off 5,000 employees across firm: WSJ NEW YORK- JPMorgan Chase& Co. will cut about 5,000 jobs over the next year, as the bank closes branches and slims down its operations, The Wall Street Journal reported Thursday, citing anonymous sources. JPMorgan CEO Jamie Dimon, at an investor conference this week, said that the average Chase branch would lose one employee- mostly through attrition.
Source: The Associated Press
| By: By KEN SWEET, AP Business Writer