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  • *Fed Chair Janet Yellen sounds upbeat note on economy. *Oil gains, boosts energy shares. June 6- The S&P 500 closed at a 7- month high on Monday as Federal Reserve Chair Janet Yellen painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming.

  • *Fed Chair Janet Yellen sounds upbeat note on economy. June 6- The S&P 500 hit a 7- month intraday high on Monday as investors digested comments from Federal Reserve Chair Janet Yellen, who painted a mostly upbeat picture of the economy but gave little sense of when a rate hike may be coming. She didn't say' in the next few months,' which is dovish, "said Bucky Hellwig,...

  • *Wall Street up as energy, financials gain. NEW YORK, June 6- World stocks gained on Monday while the U.S. dollar edged lower against a basket of currencies after Federal Reserve Chair Janet Yellen said U.S. interest rate hikes are likely on the way, but dropped a reference to the timing of the hike. It's dovish but not extremely dovish, "said Bucky Hellwig, senior vice...

  • June 2- Eight financial services firms have paid the FDIC $190 million to settle claims they misled five U.S. banks into buying risky mortgage securities from the former Countrywide Financial Corp, contributing to the banks' failures. The FDIC on Thursday said the accord resolves claims against Barclays Plc, BNP Paribas SA, Credit Suisse Group AG, Deutsche Bank...

  • June 2- U.S. vehicle owners will find some answers to their questions about the ongoing- and still growing- recalls of millions of cars with defective Takata air bag inflators:. Q: If the U.S. National Highway Traffic Safety Administration has determined that the air bags in my vehicle are at risk of rupturing, why hasn't my vehicle been recalled?

  • In a statement, the FDIC said the accord resolves claims against Barclays Plc, BNP Paribas SA, Credit Suisse Group AG, Deutsche Bank AG, Edward D. Jones& Co, Goldman Sachs Group Inc, Royal Bank of Scotland Group Plc and UBS AG. Funds from the settlement will be distributed among receiverships for Alabama's Colonial Bank, Texas' Franklin Bank and Guaranty Bank, Nevada's...

  • *S&P 500 still tallies gains for 3rd straight month. *April consumer spending up; May consumer confidence slips. May 31- The S&P 500 wrapped up its third straight month of gains on a flat note on Tuesday as weaker energy shares countered a rise in safe-haven utilities.

  • NEW YORK, May 25- Democratic presidential candidate Hillary Clinton's use of a private email server while U.S. secretary of state broke government rules and was not approved by State Department security officials, according to an internal government watchdog's report released on Wednesday. Clinton's use of the private email server in her home in Chappaqua,...

  • In a 2-1 decision on Thursday, the 2nd U.S. Circuit Court of Appeals said the FDIC did not wait too long to sue Credit Suisse Group AG, First Horizon National Corp, Royal Bank of Scotland Group Plc, Wells Fargo& Co and seven other banks for selling or underwriting toxic mortgage securities that Colonial bought. Banks have agreed to pay tens of billions of dollars to...

  • *Stocks, volatile after Fed meeting minutes, end flat. May 18- Wall Street closed flat on Wednesday after a volatile session, supported by bank shares, as the minutes from the Federal Reserve's April meeting signaled a potential interest rate increase in the near term. "It did catch the market by surprise," said Bucky Hellwig, senior vice president at BB&T Wealth...

  • Among the states affected are Florida and Oklahoma, which have been among the leaders in executions since the U.S. Supreme Court reinstated the death penalty in 1976.. Drug scarcity is also an obstacle for Alabama, Arizona, Arkansas, Delaware, Indiana, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee and Wyoming. Ohio, which has executed 53 inmates since...

  • May 17- Walgreens Boots Alliance Inc. is making the opioid antidote naloxone available without a prescription in all its pharmacies in New Mexico, part of a plan to make the drug readily available in 35 states by the end of this year. The drugstore chain has already made naloxone available without a prescription in Alabama, Indiana, Massachusetts, New Jersey, New...

  • LEBANON'S TV STATION AL-MAYADEEN: HEZBOLLAH'S BADREDDINE KILLED IN AN ISRAELI ATTACK NEAR DAMASCUS AIRPORT.

  • BOGOTA, May 12- Colombia's government needs to offer more protection to mining companies who are being threatened by leftist rebels and criminal gangs in control of illegal mines, the country's mining association said on Thursday. "Illegal mining has taken advantage of us," Santiago Angel, the president of the Colombian Mining Association, said in a press...

  • May 2- U.S. stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals. Amazon shares jumped 3.7 percent to $683.85, giving the S&P 500 and Nasdaq their biggest boosts, while both the consumer discretionary sector and staples gained more than 1...

  • NEW YORK, April 28- Civil rights groups and fast-food workers in Birmingham, Alabama, filed a federal lawsuit on Thursday claiming a state law that prohibits cities from instituting higher minimum wages is racially discriminatory. The lawsuit, which names Governor Robert Bentley and state Attorney General Luther Strange as defendants, says the legislation...

  • Hacking hacker cyber security

    Law enforcement agencies nationwide are being hit with ransomware viruses, NBCNews reports.

  • April 25- Costco Wholesale Corp plans to expand business with chicken supplier Pilgrim's Pride Corp even after building its own poultry processing plant in Nebraska, a senior executive at the retailer told Reuters. Shares of Pilgrim's Pride have fallen more than 5 percent since April 14 when a development council in Nebraska unveiled plans for the Costco...

  • Airbus' first U.S.-built plane, the largest A320-family jet known as the A321, rolled out before a large crowd at the new $600 million factory in Mobile, Alabama, a site that was an empty field three years ago. "We are so honored to be the first delivery here," JetBlue Chief Executive Officer Robin Hayes said at the handover ceremony. The plant employs about 600 people...

  • "The low oil price environment continues to pressure our energy clients, which contributed to the increase in non-performing loans, our reserves and provision expense," William Rogers, chief executive of Atlanta- based SunTrust said on a post-earnings call on Friday. Dallas- based Comerica said this week its energy loans accounted for about 6 percent of its...