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Asian stocks set to advance on offshore gains; China PMI eyed

Asian stocks are set to track last week's gains in global markets on Monday, as investors await the final China HSBC purchasing managers' index (PMI) for April.
Source: CNBC.com | By: See Kit Tang
EXCLUSIVE-GM set to storm India as Korea costs climb

BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...
Source: Reuters | By: Norihiko Shirouzu and Aditi Shah
Charter pursues 'friendly' approach to TWC: Report

Charter Communications is inching toward a potential 'friendly' merger deal with Time Warner Cable, the Wall Street Journal reported on Sunday.
Source: CNBC.com | By: Javier E. David
AmEx to roll out loyalty program Plenti on Monday

NEW YORK- American Express will roll out its new loyalty program, Plenti, on Monday, allowing U.S. shoppers for the first time to earn rewards points through a variety of purchases, from paying a phone bill to filling up at the pump. Users can join for free and don't have to be American Express members. "It will really be the first time where U.S. consumers, on a single...
Source: The Associated Press | By: By KEN SWEET, AP Business Writer
As Macau casino stocks sink, long-term investors look past the abyss

HONG KONG, May 4- Macau casino stocks have lost as much as half their value over the past year as China's anti-corruption crackdown scares away wealthy VIP punters, but some investors say their faith in long-term gambling demand from the mainland remains unshaken. Industry moguls like Wynn Resorts' Steve Wynn and Las Vegas Sands' Sheldon Adelson have noted the...
Source: Reuters | By: Farah Master
BHP's South32 risks tough market debut, M&A talk swirls

Reflecting this uncertainty, analyst valuations vary widely, with Morgan Stanley predicting it may start with a market worth of A $8.5 billion and Investec around $12 billion. But if commodity prices are weak, it's going to be a bit more problematic, "said Paul Xiradis, chief executive of Ausbil Investment Management, a BHP Billiton Ltd shareholder.
Source: Reuters | By: Sonali Paul and Silvia Antonioli
Dems from Venus, GOP from Mars on issues: Poll

Republicans and Democrats can't even agree on what they believe is the biggest issue facing the nation.
Source: NBC News | By: Mark Murray
Intuit drafting another small business for Super Bowl TV ad

NEW YORK- Intuit is looking to draft another small business for some air time in football's biggest game. The winner will get the kind of exposure that big brands like Budweiser, Chevrolet and Microsoft pay millions to get. The winner of the first contest, toy maker GoldieBlox, saw its sales soar after it won Intuit's competition and had a commercial in the 2014...
Source: The Associated Press | By: By JOYCE M. ROSENBERG, AP Business Writer
Suspect in Chicago-area FAA fire formally charged

CHICAGO- A suburban Chicago contractor accused of setting fire to an air traffic control facility has been formally charged. Attorney's office announced the charges Friday against 37- year-old Brian Howard of Naperville. Howard was a contract employee working at the facility in Aurora.
Source: The Associated Press
Gloomy first quarter may set the stage for big Q2

After a disappointing first-quarter growth report, the American economy may be in the throes of a massive bounce-back.
Source: CNBC.com | By: Alex Rosenberg