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  • Star managers hit by rocky ride in yields, dollar Thursday, 28 May 2015 | 12:25 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the biggest names in the investment world have been hit by sharp moves in bonds and currencies and they're bracing for even more volatility.

  • NASHVILLE, Tenn.— Discount retailer Dollar General has named a new chief executive officer. He was promoted to chief operations officer in 2013. Before joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corp.. Dollar General plans to open 730 stores this year as it expands its footprint into Maine, Oregon and Rhode Island.

  • *Broadcom, Avago shares slip after big rise on Wednesday. May 28- Avago Technologies Ltd agreed to buy Broadcom Corp for $37 billion in the biggest chip industry deal ever, creating a company that will be able to supply chips used in everything from iPhones to servers used in data centers. Avago, a maker of chips for the wireless and industrial markets, is offering...

  • Alpha ordered to pay ex-Massey CEO's legal fees Thursday, 28 May 2015 | 12:20 PM ET

    CHARLESTON, W.Va.— A federal judge has ordered Alpha Natural Resources to pay former Massey Energy CEO Don Blankenship's legal fees stemming from a criminal investigation and upcoming trial. In a ruling released Thursday in Delaware Chancery Court, the judge cited the terms of Massey's charter and the company's merger agreement with Alpha.

  • BOSTON MARATHON BOMBER DZHOKHAR TSARNAEV TO FACE FORMAL SENTENCING JUNE 24.

  • NEW YORK, May 28- The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep Greece afloat. "We are all in the process of working towards a solution for Greece, and I would not say that we already have reached substantial...

  • May 28- Abercrombie& Fitch Co said its business was showing signs of recovery as sales of its Hollister- branded clothes improved, suggesting that recent efforts to revitalize the teen apparel retailer may be starting to pay off. The company's shares rose nearly 12 percent on Thursday after it reported comparable sales fell less than expected in the first...

  • UPDATE 1-EU lawmakers back arbitration in U.S. trade deal Thursday, 28 May 2015 | 12:08 PM ET

    BRUSSELS, May 28- European lawmakers on Thursday backed including investor arbitration in a trade deal with the United States, one of the biggest obstacles to a transatlantic accord, but a decision that activists called a capitulation to business. A trade agreement between the United States and the European Union would be the world's largest, but Washington...

  • APNewsBreak: Senate to consider new Illinois casino plan Thursday, 28 May 2015 | 12:08 PM ET

    Terry Link plans to present a gambling expansion bill before the Senate executive committee, said Rikeesha Phelon, spokeswoman for Senate President John Cullerton. In addition to a new Chicago casino, the legislation would add casinos in Chicago's south suburbs, Rockford, Vermilion County and Lake County. Chicago Mayor Rahm Emanuel has pushed for a Chicago-...

  • WASHINGTON, May 28- Contracts to buy previously owned U.S. homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, increased 3.4 percent to 112.4, the highest level since May...

  • US stocks ease in midday trade, day after Nasdaq record Thursday, 28 May 2015 | 12:03 PM ET

    NEW YORK— Stocks are moderately lower in midday trading, a day after the Nasdaq composite closed at a record high. The Dow Jones industrial average was down 81 points, or 0.5 percent, to 18,081 as of 11:45 a.m. Eastern time Thursday. The price of crude oil fell 54 cents to $56.98 a barrel in New York.

  • NEW YORK— The head of the Federal Communications Commission is proposing that the government agency expand a phone subsidy program for the poor to include Internet access. The FCC chairman, Tom Wheeler, has called broadband a critical service for modern life. The FCC's proposal calls for extending Lifeline's $9.25 monthly credit to give low-income...

  • J.D. Power buying used auto guides business Thursday, 28 May 2015 | 11:49 AM ET

    NEW YORK— Marketing information company J.D. Power and Associates will buy the National Automobile Dealers Association's used car guide business for an undisclosed amount. J.D. Power is a unit of New York- based McGraw Hill Financial Inc.. "Benchmarks are a key to the McGraw Hill Financial business model and the National Automobile Dealers Association used car...

  • TORONTO, May 28- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Thursday, helped by strength in its domestic banking and capital markets divisions. RBC has been expanding its U.S. wealth management business and launched a $5.4 billion bid in January for Los Angeles- based City National Corp. City National said...

  • Nantucket Distributing recalls faulty night lights Thursday, 28 May 2015 | 11:34 AM ET

    NEW YORK— Nantucket Distributing Co. is recalling a line of night lights enclosed in a glass mason jar, saying the plastic around the base of the bulb can melt and create a risk of a burn. The night lights were sold at Christmas Tree Shops, Christmas Tree Shops andThat! retail locations from December 2014 through March 2015 for approximately $5.

  • NEW YORK, May 28- Some of the biggest names in the investment world have been whipsawed by the recent rise in global yields and the strength in the euro against the dollar, with investors bracing for more sharp moves later this year stemming from central bank actions. Pimco's flagship Total Return Fund, which lost its crown as the biggest bond fund in the world in...

  • FBI says it's investigating identity theft at IRS Thursday, 28 May 2015 | 11:28 AM ET

    WASHINGTON— The FBI says it's begun an investigation into the theft of personal tax information of more than 100,000 taxpayers from an Internal Revenue Service website. The FBI said Thursday that agents were "working to determine the nature and scope of this matter." Two officials told The Associated Press on Wednesday that IRS investigators belief the...

  • UPDATE 7-Oil steadies after U.S. crude data Thursday, 28 May 2015 | 11:25 AM ET

    LONDON, May 28- Oil prices steadied on Thursday on news that U.S. crude stocks fell for a fourth week, suggesting the U.S. market was rebalancing after a long period of oversupply. Data from the Energy Information Administration on Thursday showed crude oil inventories fell by 2.8 million barrels in the last week, compared with analysts' expectations for an...

  • FOREX-Dollar rises to 12-1/2-year peak vs yen Thursday, 28 May 2015 | 11:23 AM ET

    *Dollar hits highest vs yen since December 2002. NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last...

  • We're pals now, give us money, Balkan PMs tell the EU Thursday, 28 May 2015 | 11:20 AM ET

    *Balkan premiers eager for joint projects. *Serbia and Kosovo PMs shake hands. The prime ministers of Serbia, Montenegro, Macedonia, Bosnia, Kosovo and Albania, all hoping to join the bloc, said their cooperation should be rewarded with projects like new road and rail links.