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Moonves: CBS expects deal with Apple on TV

CBS is in talks with Apple about offering content on Apple's revamped TV offering, CBS CEO Les Moonves said Wednesday.
Source: CNBC.com | By: Matt Hunter
How Russia was warned against oil output cut as prices dived

*Russia to meet OPEC next week, likely to stick to strategy. MOSCOW/ LONDON, May 27- As Russia prepares to meet OPEC next week, a briefing paper from a Moscow think tank has shed light on how the government was warned against cutting oil output late last year even though global prices were plummeting. "If Russia cuts output, OPEC will take our market share in Europe," a team...
Source: Reuters | By: Katya Golubkova and Dmitry Zhdannikov
UPDATE 1-Altice owner says wasn't ready for Time Warner Cable deal

PARIS, May 27- Patrick Drahi, the billionaire owner of European telecoms group Altice, said he didn't bid for Time Warner Cable because his company lacked management resources to digest such a big deal in a market it had only recently entered. "I didn't follow up on the exchanges we had on Time Warner Cable that were mentioned in the media because we were not ready,"...
Source: Reuters | By: Leila Abboud
Germany lobbies India to buy Eurofighters, submarines

NEW DELHI, May 27- Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project. Germany has taken the lead in the sales pitch to India for the Eurofighter, made by Alenia Aermacchi, a subsidiary...
Source: Reuters | By: Douglas Busvine
Chico's meets 1Q profit forecasts

FT. MYERS, Fla. _ Chico's FAS Inc. on Wednesday reported fiscal first-quarter profit of $32.5 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was also for earnings of 28 cents per share. Eight analysts surveyed by Zacks expected $718 million.
Source: The Associated Press
Michael Kors shares take dive on sales weakness, outlook

LONDON- Michael Kors' stock plunged more than 10 percent in premarket trading after the seller of handbags, clothing and accessories issued a weak outlook and said sales are being pressured by foreign currency fluctuations. For the three months ended March 28, Michael Kors Holdings Ltd. earned $182.6 million, or 90 cents per share. The average estimate of 16...
Source: The Associated Press
Will Qatar lose the World Cup?

Qatar hosting soccer's World Cup in 2022 has always been controversial, but after the arrest of six of the association's officials, that win is looking uncertain.
Source: CNBC.com | By: Leslie Shaffer
Toll Brothers meets 2Q profit forecasts

HORSHAM, Pa. _ Toll Brothers Inc. on Wednesday reported fiscal second-quarter profit of $67.9 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 37 cents per share. Toll Brothers shares have climbed nearly 8 percent since the beginning of the year.
Source: The Associated Press
Poland says Airbus utility helicopter passed army tests

POWIDZ Air Base, Poland, May 27- The Airbus utility helicopter, preliminarily selected by Poland in a $3 billion tender, has passed army tests, a prerequisite for opening formal negotiations for the purchase, the Polish army said on Wednesday. "The presented helicopter has met the requirements set by the armed forces as well as those described by the producer,"...
Source: Reuters
RPT-UPDATE 1-BOJ's Iwata says timing for hitting price goal "somewhat delayed"

SAPPORO, Japan, May 27- Bank of Japan Deputy Governor Kikuo Iwata said on Wednesday the timing for achieving the bank's 2 percent inflation target has been "somewhat delayed" from its initial projection. "At this moment, the BOJ has no intention of changing its commitment of achieving its price target at the earliest possible time," he told business leaders in...
Source: Reuters | By: Leika Kihara