US STOCKS-Wall St set to open lower as dollar rises Time Warner Cable up on Charter deal. May 26- Wall Street was set to open lower on Tuesday after the dollar jumped to a one-month high on data showing that U.S. business investment spending plans increased solidly for a second straight month in April. "It isn't normal to see such large moves in currencies," said Adam Sarhan, chief executive of Sarhan Capital in New York.
Priceline boosts stake in Chinese travel site Ctrip.com NEW YORK- Priceline has bumped up its stake in the Chinese travel service provider Ctrip.com to 10.5 percent. Priceline also has the option to increase it stake to 15 percent. Priceline, based in Norwalk, Connecticut, owns Booking.com, Priceline.com, Kayak.com and RentalCars.com.
Source: The Associated Press
WRAPUP 1-Solid U.S. business spending plans offer ray of hope for factories WASHINGTON, May 26- U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a long spell of weakness. "It provides some indication that business capital investment activity might be on the mend," said Millan Mulraine, deputy chief economist at TD Securities in New York.
U.S. business spending plans rise solidly in April WASHINGTON, May 26- U.S. business investment spending plans increased solidly for a second straight month in April, a hopeful sign for manufacturing activity after a recent long spell of weakness. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 1.0 percent...
Futures hold lower after durable goods U.S. stock index futures pointed to a flat to lower open on Tuesday ahead of a hectic day of data releases, following the Memorial Day holiday weekend.
| By: Jenny Cosgrave
Blocked in China, Twitter still courts Chinese firms for ads SHANGHAI, May 26- Despite being blocked in China, Twitter is courting Chinese companies to buy advertising space on its service used by more than 300 million people elsewhere in the world. The San Francisco- based company already works with Chinese smartphone maker Xiaomi, online shopping giant Alibaba Group, white goods producer Qingdao Haier and flag carrier...
| By: Sue-Lin Wong