Graff Diamonds Pulls IPO

London-based Graff Diamonds will postpone its $1 billion initial public offering in Hong Kong owing to adverse market conditions.

Blankfein Expected at Gupta Trial

Goldman Sachs CEO Lloyd Blankfein is among the remaining witnesses the government expects to call in the insider-trading trial of ex-Goldman director Rajat Gupta, prosecutors said.

Hedge Fund Pushes BMC Sale

Hedge fund Elliott Management renewed its demand for BMC Software to sell itself, with a presentation making the case for a sale and listing potential acquirers.

Generali Holders Said to Seek Ouster of CEO

Generali has called an extraordinary board meeting for June 2, the insurer said. The board meeting has been called by top shareholders and is aimed at putting pressure on Generali's chief executive to step down, according to people familiar with the matter.

Bountiful Harvest Shredding Wheat

The prospect of strong yields in Kansas and Oklahoma, the country's main wheat-growing states, has sent wheat futures down more than 8% in seven trading sessions.

Liberty, Sirius Discuss Stake Options

Sirius XM Radio said it is in discussions with Liberty Media about that company's stake in the satellite-radio company. To resolve a battle, one option is said to be a spinoff in the stake to Liberty shareholders.

Joy Global Upbeat on Mining Outlook Despite Order Drop

The head of Joy Global said global demand for mining equipment remained solid despite an order slowdown in the latest quarter because of the weak U.S. coal market and sluggish sales in China.

RG Steel Files for Chapter 11

RG Steel filed for bankruptcy-court protection, with plans to shut downfacilities in Ohio, West Virginia and Maryland.

Dow's Month Is Worst in Two Years

The blue-chip benchmark fell 6.2% in May, its biggest monthly retreat since a 7.9% drop in May 2010.

Prudential Eyes U.S. Growth

Prudential will buy SRLC America Holding Corp. from Swiss Re in a £398 million cash deal, continuing its strategy of making bolt-on acquisitions.

Martin Marietta Dealt Setback in Vulcan Takeover Effort

Martin Marietta Materials Inc.'s flagging hostile takeover bid for rival Vulcan Materials Co. was dealt a fresh blow Thursday, when Delaware's Supreme Court declined to reverse a lower court ruling temporarily blocking the effort.

Russian Ruble Falls to Crisis Levels

The Russian ruble plummeted to its lowest level in more than three years against the dollar, bruised by falling oil prices and a fresh round of European debt worries.

Swiss Growth Stirs Franc Doubts

Switzerland's economy surged in the first quarter, fueling doubts on the sustainability of the Swiss central bank's currency floor against the euro.

Morgan Stanley to Raise Stake in Brokerage Venture

Morgan Stanley told Citigroup it plans to acquire an additional 14% stake in their Morgan Stanley Smith Barney brokerage joint venture, a long-awaited step that will bring the securities firm closer to full ownership of the business.

Tepid Japan Output Causes Worry

Japanese industrial production posted weaker-than-expected growth in April, highlighting fresh concerns about broad economic growth in the world's third-largest economy.

Dimon Senate Hearing Postponed

U.S. Senate lawmakers will face off with J.P. Morgan Chase CEO James Dimon about a week later than originally planned.

Iran Seeks India Trade Boost

Iran sought to expand trade with India and urged New Delhi to increase crude-oil purchases, even though it is under pressure to scale them down due to Western sanctions against Tehran.

Sycamore Scoops Up Talbots for Less

Women's retailer Talbots agreed to be acquired by Sycamore Partners for about $193 million, well below the value of a proposed deal that fell apart last week. But the stock is up 93%, after having swooned last week.

India to Seek $7 Billion in Taxes for Past Deals

India is likely to demand about $7 billion in taxes related to 18 or 19 mergers in which foreign companies transferred Indian assets. Enactment of legislation that would allow authorities retroactively to tax such deals is expected with a few days.

U.S. Gas Exports Put on Back Burner

The Obama administration is telling Japan and other allied countries they will have to wait before moving forward on plans to buy American natural gas, people involved in the talks said.