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UPDATE 1-U.S. first-quarter earnings on track for slight gain

NEW YORK, April 28 (Reuters) - U.S. first-quarter earnings are on track to post a slight gain following mostly stronger-than-expected results, defying forecasts for the first quarterly profit decline since 2009.

Miner Cliffs says considering sale of North American coal business

April 28 (Reuters) - Coal and iron-ore producer Cliffs Natural Resources said on Tuesday that it was considering a sale of its North American coal business.

Seized ship being escorted to Iran's Bandar Abbas - charterer

LONDON, April 28 (Reuters) - A cargo ship seized by Iran's Revolutionary Guards forces is being escorted to the Iranian port of Bandar Abbas after it was approached in international waters, the shipping line which is hiring the vessel said on Tuesday.

UPDATE 1-Argentina buys $630 mln on currency market to bolster reserves

BUENOS AIRES, April 28 (Reuters) - Argentina's central bank bought $630 million of dollars on the local currency market on Tuesday in one of its largest-ever purchases, a source told Reuters, a move that will bolster the country's precariously low hard currency reserves.

UK's oil services firms to cut jobs to ride out price slump

April 28 (Reuters) - Amec Foster Wheeler Plc and Petrofac Ltd on Tuesday joined a growing list of London-listed oil and gas support services companies planning to cut jobs in response to the tumble in oil prices.

UPDATE 1-Groups seek U.S. SEC probe of Shell Arctic drilling risk disclosures

WASHINGTON, April 28 (Reuters) - An environmental group and a law clinic have petitioned the U.S.

National Oilwell seeks bargains in depressed oilfield market

April 28 (Reuters) - National Oilwell Varco Inc is slowing down its share buyback program to preserve cash for acquisitions, driven by the need for consolidation in an industry beset by low crude prices.

UN renews Western Sahara force without changes Africans wanted

UNITED NATIONS, April 28 (Reuters) - The United Nations Security Council renewed for another year the U.N.

Iran says Revolutionary Guards seized ship for legal reasons

DUBAI, April 28 (Reuters) - Naval units from Iran's elite Islamic Revolutionary Guards Corps (IRGC) seized a cargo ship in the Gulf on Tuesday for legal reasons, an IRGC source was quoted as saying by state news agency IRNA.

U.S. 1st qtr earnings on track for slight gain

NEW YORK, April 28 (Reuters) - U.S.

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