TODAY'S ECONOMIC CALENDAR 10:00 Factory Orders -- consensus up 0.5% 11:00 Global Manufacturing PMI 1:50 PM Fed's George: Monetary Policy COMPANY NEWS Pilgrim's Pride (PPC) confirmed revised proposal to acquire Hillshire (HSH) at $55 per share Hillshire Brands (HSH) board authorized discussions with Pilgrim's Pride (PPC), Tyson Foods (TSN), says does not have right to terminate Pinnacle Foods (PF) merger on the basis of either of these proposals IBM (IBM) disclosed conclusion of SEC investigation regarding cloud revenue, says SEC does not intend to recommend any enforcement action against company Lockheed Martin (LMT) was awarded a $914.7M Space Fence contract by U.S. Air Force NPS Pharmaceuticals (NPSP) disclosed in a filing that it has not had any communication with Shire (SHPG) concerning a purported acquisition offer Advanced Energy (AEIS) CEO to Step Down AstraZeneca’s (AZN) Cancer Therapy Shows No Adverse Effects in Trials AstraZeneca (AZN) Says FDA Granted AZD0914 Fast-Track Status Auxilium (AUXL) Reports Departure of CFO James Fickenscher AcelRx Pharmaceuticals (ACRX) Commercial Chief David Chung Leaves Cubist (CBST) Says Fresenius Kabi Submits Anda to FDA for Generic Cubicin Comscore (SCOR), Plaintiffs Reach Tentative Settlement Celanese (CE) Boosts Vinyl Acetate-Based Emulsions Price in Americas Doral (DRL) May Take Impairment Charge Endocyte (ECYT) to Terminate Chief Commercial Officer Position Fortune Brands (FBHS) Reports $250m Share Buyback Authorization InterDigital (IDCC), Samsung in Patent Pact; Litigation Resolved IBM (IBM) Says SEC Div of Enforcement Recommends No Enforcement Action LinkedIn (LNKD) Says China Imposed Requirements on Censorship Medtronic (MDT) Sued by Humana (HUM) for Fraud Over Bone-Graft Product Microsoft (MSFT) Says Tencent Shut Some of Its Robot Chatting Accounts Novartis’s (NVS) Zykadia Has Longer PFS in Updated Lung Data Nautilus (NLS) Says It Wins Supreme Court Ruling Newmont Indonesia Unit Halts Copper Concentrate Production Parexel (PRXL) to Buy Back Shares Up to $150m Raytheon (RTN) Awarded $298m U.S. Air Force Contract Roche Says Avastin with Tarceva Study Meets Primary Endpoint Stericycle (SRCL) Names Daniel Ginnetti CFO Statoil (STO) Says Resumed Normal Oil Production at Snorre B on May 30 SunEdison (SUNE), Huantai Expand China Partnership; See 1.7 GW Projects Time Inc. (TIME) to Replace Bob Evans (BOBE) in S&P MidCap 400; BOBE moves to S&P SmallCap 600, replacing Blyth (BTH) Vaccibody, Phibro Animal Health (PAHC) in Development, License Pact World Fuel Services (INT) Renews Buyback for Up to $65m OTHER BUSINESS HEADLINES Analysis says 74 deaths like those GM (GM) linked to switches: Reuters Goldman (GS) planning to increase the size of its commercial bank and wealth management division: FT Barclays (BCS) said to begin reducing 100 jobs in Asia-Pacific: Bloomberg Humana (HUM) claims Medtronic (MDT) conspired with physicians: WSJ France to stand by BNP (BNPQY) against possible U.S. fine: Reuters Marathon Oil (MRO) could jump 20% after unloading Norway assets: Barron's Bharti Airtel May Get $3b From Africa Tower Sale; Shortlisted buyers are Helios Towers, IHS Holding, American Tower (AMT) and Eaton Towers: Economic Times BHP (BHP) Plans Job Cuts at Iron Ore Division: WA Business News China to Allow Private Investment in Telecom Tower Co.: China Enterprise News Celanese (CE) Said to Hire Former Blackstone (BX) Adviser as Chief of M&A: Bloomberg Exxon (XOM) May Invest in New Cracker in Rotterdam Harbor: Het Financieele Dagblad GW Pharma (GWPH), New York State Plan Trials for Cannabidiol: WSJ GM (GM) Faulty Switches May be Connected to 74 Deaths: Reuters KKR (KKR) Said to Purchase Internet Brands for $1.1B: NYT London Mining Evacuates Sierra Leone Staff on Ebola: BBC Platinum Cos. Said to Consider Bigger Rise For Low-Paid Workers: Bloomberg Pegatron to Start iPhone 6 Mass Production in July: Commercial Times Sanofi’s (SNY) Viehbacher Has Relocated to Boston: Le Monde Travelport Said Planning to File for IPO as Soon as This Week: Bloomberg Ticketmaster (LYV) to Settle Lawsuit for $400m in Credit: WSJ Ukraine May Confiscate Russian Assets After Crimea: Kommersant FDA Says Wockhardt Used Unapproved Methods at U.S. Plant: CNBC