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The top 10 highest-paid female CEOs

Marissa Mayer, the head of Yahoo, was the highest-paid female chief executive in the Equilar/AP pay study. No. 1: Marissa Mayer, Yahoo, $42.1 million, up 69 percent. Yahoo's stock price has climbed 177 percent since the technology company hired Mayer from Google in July 2012.
Source: The Associated Press | By: By STEVE ROTHWELL, AP Business Writer
High spirits battle: Asia tycoons vie for cognac maker Louis Royer

HONG KONG/ BANGKOK, May 30- Thai billionaire Charoen Sirivadhanabhakdi is considering buying cognac maker Louis Royer, people familiar with the matter said, potentially locking horns with a Philippine tycoon for the French firm amid a forecast rebound in Asian demand for luxury spirits. Liquor firm Emperador Inc, controlled by the Philippines'...
Source: Reuters | By: Denny Thomas and Khettiya Jittapong
UPDATE 2-Swiss economy shrinks, weighed down by franc surge

ZURICH, May 29- Switzerland's economy shrank in the first quarter, data showed, as exporters felt the impact of a strong Swiss franc, which surged after the central bank removed the currency's cap against the euro in January. Meanwhile, Switzerland's leading indicator for May rose more than expected, so while an economic recovery could not be expected...
Source: Reuters
Alibaba courts more China bad debt managers for online auctions

HANGZHOU, China/ BEIJING, May 29- Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said. China Cinda Asset Management Co, the second largest, earlier this year launched...
Source: Reuters | By: Shu Zhang and Matthew Miller
GLOBAL MARKETS-Dollar, Chinese shares steady as Europe wobbles

*European markets inch lower, wary eyes on Greece. LONDON, May 29- The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world's second largest economy. European stock markets were a touch lower, with dealers pointing to doubts...
Source: Reuters | By: Patrick Graham
Shanghai Comp nurse slight losses; Tokyo rewrite 15-year high

Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses to finish at a one-week low, while Japan was the "quiet achiever" for the day.
Source: CNBC.com | By: See Kit Tang
China stocks volatile, end mixed after previous day's tumble

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent, to 4,840.83, while the Shanghai Composite Index lost 0.2 percent, to 4,611.74 points. The sell-off on Thursday, which saw turnover in Shanghai set a record at 1.2 trillion yuan, was set off by multiple factors, including margin finance tightening moves by brokerages, a...
Source: Reuters
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
GLOBAL MARKETS-China stocks halt plunge, Asia wary but advances

TOKYO, May 29- Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction. Spreadbetters expected Britain's FTSE, Germany's DAX and France's CAC to open higher, albeit modestly in light of...
Source: Reuters
Intel nears $15 bln deal to buy Altera - NY Post

May 29- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Altera in April rejected an unsolicited $54 per share offer from...
Source: Reuters