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  • May 20- Wall Street opened higher on Friday, boosted by technology and financial stocks. New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July. "We got rattled earlier this week by shifting Fed perception," said Scott Brown, Chief Economist at Raymond James in St. Petersburg, Florida.

  • May 20- Wall Street was set to open higher on Friday as investors digested the possibility of a June rate hike, a day after the S&P 500 fell to its lowest in two months. New York Fed President William Dudley said on Thursday the U.S. economy was strong enough to warrant a rate hike in June or July. "We got rattled earlier this week by shifting Fed perception," said Scott...

  • PALM BEACH, Fla.— There are many questions about what Donald Trump would do if elected president, so let's add another: Would he ban planes leaving Palm Beach International Airport from flying over his prized Mar-a-Lago Club? As president, he could order the FAA to shift Palm Beach International's takeoff and landing patterns to avoid Mar-a-Lago.

  • ORLANDO, Fla., May 19- Alibaba said on Thursday it still wanted to work with companies fighting counterfeit brand-name products, a week after the Chinese online shopping platform was kicked out of an industry coalition due to long-standing accusations that it has turned a blind eye to counterfeits. At least three members of the Washington- based International...

  • NEW YORK— A joint effort of the Sarasota Herald-Tribune and the Tampa Bay Times exposing treacherous and violent conditions in Florida's state-funded mental hospitals won top honors in the 2016 Associated Press Media Editors Innovation in Journalism Awards. The Herald-Tribune also won the International Perspective Award and the Community Engagement...

  • NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent...

  • NEW YORK, May 19- Toronto-Dominion Bank's TD Bank NA said on Thursday it has decided to retire its Penny Arcade coin-counting machines in the wake of reports that they were short-changing customers. In one case, filed in New York state court in Manhattan last month, New Yorker Jeffrey Feinman said the machines once gave him a receipt for $25.44 when he deposited...

  • 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...

  • HUDSON FALLS, N.Y.— Demolition is set to begin on a nearly 65- year-old building at a former General Electric Co. manufacturing site along the upper Hudson River. A spokeswoman for Fairfield, Connecticut- based GE tells The Post-Star of Glens Falls that demolition of the three-story building will begin by the end of the month. The building, which opened in 1952, is...

  • JACKSONVILLE, Fla. _ Stein Mart Inc. on Thursday reported fiscal first-quarter profit of $13.7 million. Stein Mart shares have declined 15 percent since the beginning of the year. Keywords: Stein Mart, Earnings Report.

  • MIAMI _ Perry Ellis International Inc. on Thursday reported fiscal first-quarter profit of $14.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Three analysts surveyed by Zacks expected $258.4 million.

  • May 19- Real estate investment trust Sovran Self Storage Inc said it had agreed to buy privately owned self storage operator LifeStorage LP for about $1.3 billion in cash to enter markets including northern California, Las Vegas and Nevada. Wells Fargo Securities LLC and SunTrust Robinson Humphrey are Sovran's financial advisers for the deal, while Phillips...

  • In his 104- page public financial disclosure report, the presumptive Republican nominee reported holding investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies— all businesses that he's assailed for outsourcing or, in Apple's case, not agreeing to crack into iPhones for police or federal law enforcement in...

  • WASHINGTON, May 18- The U.S. House of Representatives passed a bill on Wednesday to provide $622.1 million to control the spread of the Zika virus, far below President Barack Obama's request and lower than Senate legislation. The bill passed the Republican-controlled House 241 to 184, largely along party lines, and sets up a confrontation with both the...

  • WASHINGTON, May 18- The U.S. House of Representatives passed a bill on Wednesday to provide $622.1 million to control the spread of the Zika virus, far below President Barack Obama's request and lower than Senate legislation. The bill passed the Republican-controlled House 241 to 184, largely along party lines, and sets up a confrontation with both the...

  • MIAMI _ Globe Specialty Metals Inc. on Wednesday reported a fiscal third-quarter loss of $25.7 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • SACRAMENTO, Calif.— Frontier Communications blamed its takeover of another company for widespread phone, internet and television service outages in California, Texas and Florida at a legislative hearing Wednesday, saying Frontier inherited corrupt data in its $10.5 billion acquisition of certain Verizon businesses last month. Frontier West Region...

  • NEW YORK, May 18- General Electric Co expects to hit its 2016 earnings targets despite tough conditions in its oil and gas business, lower industrial margins and slower revenue growth, Chief Executive Jeff Immelt said on Wednesday. Immelt affirmed the diversified industrial company's target of $1.45 to $1.55 per share this year in a presentation at the...

  • WASHINGTON— Industry regulators have fined Raymond James $17 million, accusing the financial services firm of widespread failures in its controls against money laundering. FINRA said that Raymond James failed over several years to detect suspicious activity in client investment accounts and to report it to government authorities.

  • By a vote of 68-29, senators limited debate on the measure, paving the way for likely Senate approval this week. Unlike the Senate legislation, the House bill also requires that the $622.1 million be fully offset with spending cuts elsewhere. Republican Senator Roy Blunt from Missouri told reporters that the Senate measure "trimmed this package back to what...