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UPDATE 7-Oil ends steady near $50; best monthly gain in Brent in 7 years

*OPEC output at near record high in April- Reuters survey. *Technicals show resistance if prices rise above $50. U.S. crude futures closed 11 cents lower at $45.92 a barrel, after hitting a year-to-date high at $46.78.
Source: Reuters | By: Barani Krishnan
Polish firm cuts contracts with 2 stud farms amid turmoil

WARSAW, Poland— A private Polish company says it has cut its contracts with two state-owned stud farms whose managers have been replaced by the new government, highlighting the turmoil surrounding the farms. Since then, two mares belonging to Shirley Watts, the wife of the Rolling Stones' drummer Charlie Watts, have died at Janow Podlaski. The head of the state...
Source: The Associated Press
Dow more than halves losses as close nears

U.S. stocks traded lower Friday, the last trading day of the month, with health care and technology stocks leading declines.
Source: CNBC.com | By: Evelyn Cheng
EXCLUSIVE-Yahoo's bidder shortlist points to cash deal -sources

April 29- Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with the matter. The shortlist comprises mainly large companies and big private equity firms including TPG...
Source: Reuters | By: Greg Roumeliotis and Liana B. Baker
EXCLUSIVE-YAHOO INC'S BIDDER SHORTLIST FOR INTERNET ASSETS INCLUDES CLOSE TO TEN OFFERS, MOST IN CASH -SOURCES

EXCLUSIVE-YAHOO INC'S BIDDER SHORTLIST FOR INTERNET ASSETS INCLUDES CLOSE TO TEN OFFERS, MOST IN CASH- SOURCES.
Source: Reuters
Exxon sees smallest profit in 16 years, Chevron posts loss

Exxon Mobil posted its smallest quarterly profit in more than 16 years Friday, while Chevron lost $725 million, its worst showing since 2002, and raised the number of jobs it expects to cut this year from 7,000 to 8,000. Other oil companies are expected to report weak earnings in the next few days. Oil prices have tumbled from their 2014 highs of over $100 a barrel,...
Source: The Associated Press | By: By DAVID KOENIG, AP Business Writer
US rig count drops 11 this week to 420, another all-time low

Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.
Source: The Associated Press
Prince's 'Purple Rain' coat is up for auction

A rare piece of movie memorabilia from Prince's 1984 classic film "Purple Rain" is hitting the auction block.
Source: The Associated Press
FOREX-Dollar set to post worst week vs yen since 2008

NEW YORK, April 29- The U.S. dollar was on track for its biggest weekly percentage decline against the yen since the 2008 financial crisis in the aftermath of the Bank of Japan's decision not to ease policy further, while strong euro zone growth data boosted the euro. The dollar was last down 1.27 percent against the yen at 106.71 yen on Friday, near an 18- month low of...
Source: Reuters | By: Sam Forgione
Wall St Week Ahead-With weak earnings in tow, focus turns to jobs data

NEW YORK, April 29- Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000...
Source: Reuters | By: Laila Kearney