Proxy advisory firms back Knauf’s $5.9 bln bid for USG

By Harry Brumpton April 30 (Reuters) – Proxy advisory firms Institutional Shareholder Services Inc (ISS) and Glass Lewis & Co have sided with German producer of building materials Gebr Knauf KG in its $5.9 billion bid for U.S. 

US close: Markets finish last day of April in the red

Wall Street finished on a downbeat note on Monday, despite opening in the green after a profit beat at fast food giant McDonald's helped boost early sentiment, with investors spending the afternoon digesting a mixed bag of data. 

ANALYSIS-Sainsbury’s Asda buy could make UK tougher grocery market for Amazon

* Sainsbury’s pledge to cut prices could mean less profit * New company big in general merchandise, like Amazon * Amazon tiny in UK grocery but ambitions unclear By Martinne Geller LONDON, April 30 (Reuters) – Sainsbury’s $10 billion purchase of Walmart’s Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com. 

UPDATE 2-Disney to create live sports, entertainment shows for Twitter

(Adds Comcast, Viacom networks also creating content; details on ESPN shows; updates shares) By Lisa Richwine April 30 (Reuters) – Walt Disney Co will create live sports, news and entertainment programming specifically for Twitter Inc’s social network, a move to attract online viewers and advertising revenue through digital video. 

UPDATE 3-WhatsApp co-founder to quit in loss of privacy advocate at Facebook

(Adds comment from Zuckerberg, background) By David Ingram SAN FRANCISCO, April 30 (Reuters) – The co-founder of WhatsApp, a messaging service owned by Facebook Inc with more than 1 billion daily users, said on Monday he was leaving the company, in a loss of one of the strongest advocates for privacy inside Facebook. 

UPDATE 2-Akamai results powered by cloud security growth

(Adds background, Q2 outlook; updates share movement) By Sonam Rai April 30 (Reuters) – Akamai Technologies Inc topped analysts’ estimates for first-quarter revenue and profit on Monday as it reaped the benefits of an aggressive push to cloud security and its business of speeding up media content delivery stabilized. 

UPDATE 2-IMF approves next disbursement under Ghana’s aid deal

(Adds IMF statement) ACCRA, April 30 (Reuters) – The International Monetary Fund’s board on Monday approved the next disbursement of about $191 million under Ghana’s aid program, while urging the West African country to take further steps to address its high debt. 

UPDATE 10-Marathon to become top U.S. refiner with $23 bln Andeavor buy

* Andeavor assets include pipelines, logistics in Texas’s Permian * Marathon CEO Heminger to head combined firm * Andeavor shares surge 13 pct, Marathon down 8 pct * Company eyes boosting exports in Mexico (Adds data on global rankings, potential to spur other mergers) By John Benny April 30 (Reuters) – Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S.