Also
* The cost of funds index for savings institutions in the Federal Home Loan Bank’s 11th District edged lower in April to 1.802% from 1.815% in March. The index is a popular benchmark for adjustable-rate mortgages on the West Coast and tends to lag behind changes in market interest rates by several months.
* Euro Disney, Europe’s largest theme park company, said creditors granted it another month to negotiate new loans and avoid defaulting on $2.95 billion in debt.
* Gateway Inc. delayed its June analyst meeting until September. The maker of consumer electronics and personal-computers said it needed to finish developing a new strategy.
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