Euro, European shares recover but Spain risks weigh

LONDON - Demand for safe-haven assets kept German bond futures near record highs on Thursday, while European shares and the euro regained some stability although worries over Spain and its troubled banks are weighing on market sentiment.

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Small businesses hire fewer workers in May

WASHINGTON - Small businesses hired fewer workers in May and cut hours for those on their payrolls, an independent survey showed on Wednesday, raising prospects of another disappointing employment report.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Excel Trust IPO prices at bottom of cut range: underwriter

NEW YORK | Thu Apr 22, 2010 6:28pm EDT

NEW YORK (Reuters) - Real estate investment trust Excel Trust Inc (EXL.N) priced shares in its initial public offering at the bottom of a lowered range on Thursday, according to an underwriter.

San Diego, California-based Excel sold 15 million shares for $14 each, raising about $210 million. It planned to sell 15 million shares for $14 to $15 each.

The company delayed the pricing of its IPO to Thursday from Wednesday and cut the expected price range from $16 to $18 a share earlier on Thursday.

(Reporting by Clare Baldwin; editing by Carol Bishopric)
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