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  • Hibbett misses Street 1Q forecasts Friday, 22 May 2015 | 6:39 AM ET

    BIRMINGHAM, Ala. _ Hibbett Sports Inc. on Friday reported fiscal first-quarter earnings of $27.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Eight analysts surveyed by Zacks expected $274.1 million.

  • Ahead of the Bell: US consumer prices Friday, 22 May 2015 | 6:21 AM ET

    WASHINGTON— The Labor Department reports on April consumer prices Friday at 8:30 a.m. Eastern. PRICE INCEASE: The expectation is that overall prices edged up a slight 0.1 percent, according to a survey of economists by data firm FactSet. Excluding volatile food and energy, it's believed that prices rose 0.2 percent.

  • China says work on charter for Asian bank completed Friday, 22 May 2015 | 4:41 AM ET

    Beijing's proposal for the Asian Infrastructure Investment Bank attracted unexpected widespread support from Western governments including Britain, New Zealand and France despite U.S. opposition. Other nations that have expressed interest in joining include India, Germany and Thailand. Beijing has pledged to put up most of its initial $50 billion in...

  • *Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...

  • GOLETA, Calif.— The operator of a broken oil pipeline that fouled a California shoreline says it could be weeks or even months before investigators are able to determine what caused the break and subsequent spill. Crews have yet to excavate the broken piece of pipeline, which under the law must be done in the presence of federal regulators and a third party,...

  • HONG KONG/ SINGAPORE, May 22- The blistering sell-off in Chinese solar firm Hanergy Thin Film Power Group this week burnt several index-tracking stock funds, exposing the flaws in some of these investment structures especially in volatile markets like China. China- focused equity ETF and index assets under management have grown more than three-fourths to...

  • BEIJING— All-expenses-paid trips to reward top salespeople aren't unusual, but direct marketing companies that are the Chinese versions of Amway, Avon and Herbalife are taking it to an extreme by sending thousands abroad on package tours. One company is sending 12,700 salespeople to Thailand on a tour that continues until next week. vice-chairman Xu Guowei...

  • FRESNO, Calif.— Farmers along the river delta at the heart of California agriculture expected to get an answer Friday on their surprise offer to give up a quarter of their water this year in exchange for being spared deeper mandatory cutbacks as California responds to the worsening drought. For the first time since a 1977 drought, California regulators are...

  • Tuk-tuk taxi maker aims to make inroads in US Friday, 22 May 2015 | 2:24 AM ET

    DENVER— They're ubiquitous in Asia, swarming the bustling streets of Bangkok, New Delhi and Beijing. The Tuk Tuk Factory, based in Amsterdam, has signed a licensing agreement with Denver- based eTuk USA to allow the company to manufacture and sell an electric version of the vehicle. The three partners' other company, eTuk Denver, launched a call-and-demand shuttle...

  • SEOUL, South Korea— A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration. Cho Hyun- ah, who is the daughter of the airline's chairman, did not violate aviation security law when she ordered the chief flight attendant off a Dec. 5 flight,...

  • May 21- Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, asking them how much they would commit and at what terms, the Journal reported, citing the people. San Francisco- based Uber, which has grown...

  • *Coming up: Baker Hughes weekly U.S. rig data. SINGAPORE, May 22- Oil prices edged down on Friday after rising more than 2 percent in the previous session, buoyed by lower U.S. crude inventories and geopolitical tension in the Middle East. West Texas Intermediate for July delivery was at $60.61 a barrel by 0452 GMT, down 11 cents on the day but poised to post gains for the...

  • CHICAGO and NEW YORK, May 22- As a virulent avian influenza outbreak continues to spread across the Midwestern United States, some egg-dependent companies are contemplating drastic steps: importing eggs from overseas or looking to egg alternatives. "Canada is short on eggs and has been buying heavily from the U.S. for the last several years," said Rick Brown, a...

  • WASHINGTON, May 22- There were no fancy economic models or forecasts when former Florida Governor Jeb Bush first tossed out the idea that 4 percent annual growth should be the overarching goal for the U.S. economy. But what started as a casual suggestion during a 2010 conference call with advisers to the George W. Bush Institute, a public policy center in Dallas, has...

  • WASHINGTON— The fate of the bulk collection of American phone records by the National Security Agency is now before the Senate, in what is increasingly looking like a game of legislative chicken. The Senate is expected to decide Friday what to do with the oft-debated measure. The president and his top law enforcement officials are urging the Senate to pass the...

  • ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...

  • NEW YORK/ LONDON, May 22- U.S. mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment firm Orion Resource Partners, the 50- year-old...

  • May 21- Charter Communications is in talks with Time Warner Cable about a bid that is likely to be well above the $170 per share expected by some analysts, the Wall Street Journal reported, citing people familiar with the matter. Charter had bid about $132.50 per share, or $37.3 billion, for Time Warner Cable last year before being beaten by Comcast Corp, whose...

  • SKorea court suspends nut rage executive's prison term Thursday, 21 May 2015 | 10:23 PM ET

    SEOUL, South Korea— A South Korean court Friday suspended the prison term of the former Korean Air executive whose onboard "nut rage" tantrum delayed a flight last year, immediately ending her incarceration. Cho Hyun- ah, who is the daughter of the airline's chairman, did not violate aviation security law when she ordered the chief flight attendant off a Dec. 5 flight,...

  • SANTA BARBARA, May 21- Cleanup crews labored through a third day to scoop up patches of crude oil from a pipeline spill that closed two California state beaches and fouled offshore waters, shattering an environmental balance that U.S. Coast Guard officials said on Thursday may take months to restore. Up to 2,500 barrels of petroleum, according to latest...