Nippon Steel looks to break up Usiminas after CEO appointment – source

SAO PAULO (Reuters) - A change of chief executive at Brazilian steelmaker Usiminas has accelerated plans for controlling shareholders Nippon Steel & Sumitomo Metal Corp and Ternium SA to break up the company, a source close to the Japanese firm said on Tuesday.

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N.Y. Mets owners reach revised deal with Madoff trustee

NEW YORK (Reuters) - The owners of the New York Mets baseball team have reached a revised agreement with the trustee seeking to recoup money for the victims of Bernard Madoff's fraud that gives them more time to pay up to $61 million, the parties annou...

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China factory activity expands again in May but at tepid pace – official PMI

BEIJING (Reuters) - Activity in China's manufacturing sector unexpectedly expanded for the third straight month in May but growth remained weak as orders softened, suggesting the world's second-largest economy is still struggling to regain traction.

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N.Y. Mets owners reach revised deal with Madoff trustee

NEW YORK, May 31 (Reuters) - The owners of the New York Mets baseball team have reached a revised agreement with the trustee seeking to recoup money for the victims of Bernard Madoff's fraud that...

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Oil prices fall on rising Middle East output, China demand concerns

SINGAPORE (Reuters) - Oil prices fell early on Wednesday as production from the major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy weighed on its fuel demand outlook.

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Salesforce Picks AWS as Preferred Public Cloud Provider

Salesforce last week announced its selection of Amazon Web Services as its preferred public cloud infrastructure provider. The deal is worth $400 million. "For the first time, we'll be able to deliver our core services -- including Sales Cloud, Service Cloud, App Cloud, Community Cloud, Analytics Cloud and more -- for our international infrastructure expansion," said Salesforce cofounder Parker Harris.

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Asia stocks sag as oil slip dampens sentiment, dollar stalls

TOKYO (Reuters) - Asian stocks sagged on Wednesday as a slip in crude oil prices dampened investors' appetite for riskier assets, while the recently bullish dollar stalled against the euro and yen following a mixed bag of U.S. economic data.

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