Today's Top Stories - May 5, 2015  

 

BEWARE THE BELL! U.S. stock index futures indicated a flat open on Tuesday ahead of a raft of major economic data releases, which investors will look to for signals on the timing of a rate hike More

EUROPE: The pan-European Euro Stoxx 600 index was higher, with a rally in the FTSE 100 as the index played catch up after being closed for a bank holiday on Monday More

ASIA: Chinese shares plummeted on Tuesday, while their counterparts in Sydney witnessed volatile trade following the Reserve Bank of Australia's (RBA) decision to cut interest rates for the second time this year More

OIL: Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports More

Only Allah knows about oil prices: Saudi oil chief With speculation rife over how long Saudi Arabia is content to see oil prices slump, the country's oil minister told CNBC that only Allah knows where prices are heading More

GOLD: Gold retained overnight gains on Tuesday but was stuck below $1,200 an ounce as investors waited on U.S. nonfarm payrolls later in the week for clues on when the Federal Reserve will hike interest rates More

Venture Capitalists Pump Money Into Mobile Search Start-ups Venture capitalists are betting that the explosion of smartphones means the time is ripe to compete with Google, which has dominated the search market for a decade More

Dominion acquires 20-megawatt solar facility in California Alamo Solar in San Bernardino County is expected to enter service during second quarter of this year More

First Tennessee Bank moves into new Virginia headquarters in Henrico Co. & hired Lisa Streat as a senior vice president More

Growth of Social Security Benefits in 2 Charts As economist Laurence Kotlikoff recently said, "The US is bankrupt -- not in 30 years, 20 years, or 10 days. It's bankrupt today" More

Why Cisco’s CEO switch could spell a sweet trade Cisco's announcement that CEO John Chambers is handing over the position to relatively unknown Cisco sales executive Chuck Robbins could have serious long-term ramifications for the tech giant. But in the short term, it may make for a great trading opportunity More

The richest person on the planet believes there are times when profits should not be the sole motivating factor for entrepreneurs "Science that helps poor people is where capitalism really doesn't have the right incentive," Microsoft co-founder and philanthropist Bill Gates said in an interview Tuesday More

T-Mobile Goes After Verizon Customers With New Switcher Campaign After spending most of the last two years attacking AT&T, T-Mobile CEO John Legere is turning his attention toward Verizon, launching a new promo targeted specifically at luring its customers to his network More

These ingredients are unacceptable, Panera says Panera Bread released a list of additives on Monday that it is banning from its menu by the end of next year …"There is a line in the sand," Panera CEO and founder Ron Shaich told CNBC. "If you can't pronounce it, what are you doing with it?" More

As drug prices continue to fall under ever-increasing scrutiny, spending on cancer medicines has hit a new milestone: $100 billion in 2014 That's up more than 10 percent from 2013, and up from $75 billion five years earlier, according to a report published Tuesday from the IMS Institute for Healthcare Informatics. Targeted therapies, which take aim at specific drivers of cancer, now account for almost half of total spending, IMS said More


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