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Greece sees reforms deal with lenders in next 10 days
Greece expects to reach a cash-for-reforms deal with its creditors in the next 10 days and aims to meet all its payments in June, the government's spokesman said on Friday, after the prime minister met with EU leaders. German Chancellor Angela Merkel and French President Francois Hollande held talks on the sidelines of an EU summit in Riga late on Thursday with Prime Minister Alexis Tsipras, hoping to speed the resolution of Athens' debt crisis. "We think conditions have matured for (talks) to progress further and in the next 10 days, in May, for the deal to be sealed," government spokesman Gabriel Sakellaridis told Skai TV.

Stock futures rise ahead of Yellens speech,
(Reuters) - U.S. stock index futures were higher on Friday, a day after the S&P 500 ended at an all-time high and ahead of Federal Reserve Chair Janet Yellen's take on the economy that investors will peruse for clues on the timing of a rate hike.

U.S. consumer prices soft, underlying inflation pushes up
U.S. consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures, which should keep the Federal Reserve on course to raise interest rates later this year.

Mazda, Mitsubishi add 624,000 more cars to Takata air bag recall
Mazda Motor Corp and Mitsubishi Motors Corp said on Friday they would recall about 624,000 more vehicles to replace air bag inflators made by Japan's Takata Corp , following similar moves last week by domestic automakers. Mazda said it was recalling about 112,000 vehicles including the Atenza sedan, Bongo van and two models it builds for Nissan Motor Co and Mitsubishi Motors.

HP sells $2.3 billion China unit stake to forge partnership with Tsinghua...
Hewlett-Packard Co will sell a controlling 51 percent stake in its China-based data-networking business to China's Tsinghua Unigroup for at least $2.3 billion, forming a partnership designed to create a Chinese technology powerhouse. State-backed Tsinghua Holdings' subsidiary Unisplendour Corp Ltd will acquire 51 percent of HP's H3C Technologies for at least $2.3 billion, Unisplendour said in a statement to the Shenzhen stock exchange late on Thursday. The U.S. company also said in a statement on Thursday it will form a partnership with Tsinghua Holdings, affiliated with China's elite Tsinghua University, to create a group in China to house H3C's networking operation alongside its China-based server, data-storage and technology-services businesses.

Nokia CEO says in no hurry to sell mapping unit HERE: magazine
HELSINKI (Reuters) - Nokia is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company's chief executive said in a trade magazine interview. Telecoms network equipment maker Nokia began a strategic review of its maps business last month, setting in motion an auction process that has pitted Internet players like Uber and Baidu against German carmakers in a deal that could be worth up to $4 billion. ...

Lufthansa CEO advocates random psych tests for pilots: FAZ
Random checks of pilots' psychological fitness could help reduce risks in the aviation sector, Lufthansa Chief Executive Carsten Spohr said in his first newspaper interview since the crash of a Germanwings plane in March. Frankfurter Allgemeine Zeitung on Friday cited Spohr as saying surprise checks were a possible way to reduce uncertainty over whether pilots suffer from any mental health issues. Voice and data recordings from the Germanwings flight on March 24 show co-pilot Andreas Lubitz locked the captain out of the cockpit and set the plane on course to crash into the French Alps, killing all 150 on board.

China, India likely to be biggest shareholders in AIIB
China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations. AIIB said in a statement that it expected to be operational by the end of the year. China's share in the $100 billion lender would be less than 30 percent, an Asian delegate told Reuters.

Audi chairman says will take bit of time to replace Piech on board
NECKARSULM, Germany (Reuters) - Audi Chairman Martin Winterkorn said on Friday it would still take "a bit of time" to replace Ferdinand Piech and his wife on the luxury carmaker's supervisory board.

ECBs Draghi urges Europe to reform to brighten dim prospects
The president of the European Central Bank called on euro zone countries to reform their economies, warning that future growth, in the face of entrenched unemployment and low investment, will be modest. Although not the first time Mario Draghi has made such an appeal, his comprehensive argument in favour of reform underscores concerns that governments may be wasting the time that ECB money-printing has bought them. "It should ... be clear that the argument that accommodative monetary policy constitutes an excuse for governments and parliaments to postpone their reform efforts is incorrect," Draghi told a gathering of the globe's central banking elite.

Bank of England keeps interest rates steady
LONDON (AP) — The Bank of England has kept interest rates steady as it remains cautious about Britains economic recovery.

UK government torn over plans to censor extremist TV shows

Philips turns LEDs into an indoor GPS for supermarkets

Virtual reality may rule video games. Heres who will rule VR
Soon you'll don a high-tech headset as easily as you reach for your controller. Watch for blockbuster launches in the year ahead that pave the way to the brave new virtual world. Facebook and Valve lead the charge.

Xbox for Windows app gets a flurry of features ahead of E3