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  • Suspect in Chicago-area FAA fire formally charged Sunday, 3 May 2015 | 4:05 PM ET

    CHICAGO— A suburban Chicago contractor accused of setting fire to an air traffic control facility has been formally charged. Attorney's office announced the charges Friday against 37- year-old Brian Howard of Naperville. Howard was a contract employee working at the facility in Aurora.

  • OMAHA, Neb.— An investor from India who attended Berkshire Hathaway's annual meeting Saturday has died in a two-vehicle crash, and three other people were hospitalized with injuries. The Omaha World-Herald reports the crash happened before 7 a.m. Sunday in midtown Omaha. Omaha Police said 60- year-old Parag Parikh of Mumbai, India, died at the Nebraska Medical...

  • Police in Portland, Oregon, say an initially peaceful May Day demonstration turned violent Friday evening as a splinter group hurled chairs and other objects at officers. The Burnside Bridge over the Willamette River was closed for about a half-hour during the height of the evening commute when protesters tried to force their way across.

  • NEW YORK, May 1- The U.S. stock market has struggled for direction of late, but next week's payroll report could confirm whether the recent weakness in data and stock prices is waning as the weather warms, or the start of a longer-term trend. "There are a lot of offsetting trends in the market, which is causing a lot of choppy volatility," said Michael Mullaney, chief...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched higher on a surge in the shares of Lloyds bank and mining companies.

  • Wheat prices were mixed, hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in...

  • NEW YORK, May 1- On a recent morning, Roger Tarazon and several friends gathered a few blocks from their Queens, New York high school. Some smoked traditional cigarettes, but Tarazon and a few others puffed on electronic vaping devices. "Sometimes I use it to relax," the 18- year-old senior said of the device.

  • CHICAGO, May 1- Chicago's $20 billion unfunded public pension liability is on track to grow significantly regardless of the outcomes of litigation over the constitutionality of benefit cuts or legislative action, Moody's Investors Service said on Friday. But the credit rating agency warned there will be a growing risk to Chicago's solvency if its four...

  • NEW YORK, May 1- A jury on Friday convicted a former Goldman Sachs Group Inc programmer of stealing the investment bank's high-frequency trading code. The jury said it had reached a split decision, finding Sergey Aleynikov guilty on only one count of stealing "secret scientific material" from Goldman. Prosecutors had charged Aleynikov, a dual citizen of Russia...

  • *Gilead leads as biotechs ends 5- day losing streak. May 1- Wall Street was higher at midday on Friday, with the Nasdaq recording gains for the first time this week, as healthcare and technology stocks rebounded, and as data pointed to a pick-up in economic activity. Gilead led the gains on the Nasdaq and the S&P 500 with a 4.4 percent increase to $104.90.

  • Wheat prices were hovering near a roughly five-year low notched on Tuesday. "The spreads don't indicate much bullishness," said Craig VanDyke, analyst at brokerage Top Third Ag Marketing in Chicago. A stabilizing greenback made commodities priced in the currency less attractive in international markets, with U.S. corn and wheat already more expensive in many...

  • *Oil dips after Iraq says crude exports hit record in April. All major European markets except London, its biggest, were closed on Friday for the May Day holiday, while many Asian markets were also shut. London's FTSE 100 index inched into positive territory after miners advanced on expectations of further stimulus in China, the world's top metals consumer. 1/ 8 ID:...

  • Grain mostly lower, livestock mixed Friday, 1 May 2015 | 11:08 AM ET

    CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for July delivery was unchanged at $4.74 a bushel; July corn was 3.75 cents lower at $3.6250 a bushel; July oats were unchanged at $2.4425 a bushel; while July soybeans lost 6 cents to 9.70 a bushel. June live cattle was. 37 cent higher at $1.5007 a pound; August feeder cattle...

  • Police say black-clad May Day marchers hurled wrenches and rocks at officers and hit police with sticks as a Friday evening march through a Seattle neighborhood turned violent, injuring three officers. That brought the day's Seattle demonstration arrest total to four. Hundreds of people earlier joined in May Day marches in Seattle and Yakima, Washington, in...

  • May 1- CVS Health Corp reported higher-than-expected quarterly results on Friday, helped by increased revenue from its specialty pharmacy services and increased claim processing. CVS, the No. 2 U.S. drugstore operator, also raised the low end of its 2015 profit forecast to $5.08 a share from $5.05 before special items, while keeping the high end at 5.19.

  • US, Canada unveil rules to boost oil train safety Friday, 1 May 2015 | 10:30 AM ET

    The regulations are a long-awaited response to a series of fiery train crashes in the U.S. and Canada, including four so far this year. The most serious accident occurred in July 2013, when a runaway oil train derailed in Lac-Megantic, Quebec, just across the border from Maine, killing 47 people and destroying most of the town's central business district.

  • TDS misses 1Q profit forecasts Friday, 1 May 2015 | 8:22 AM ET

    CHICAGO _ Telephone& Data Systems Inc. on Friday reported first-quarter earnings of $145.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • U.S. Cellular beats 1Q profit forecasts Friday, 1 May 2015 | 8:04 AM ET

    CHICAGO _ United States Cellular Corp. on Friday reported first-quarter profit of $160.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Four analysts surveyed by Zacks expected $1.01 billion.

  • May 1- CVS Health Corp, the No.2 U.S drugstore operator, reported a better-than-expected quarterly profit on Friday, helped by higher revenue from its specialty pharmacy services and an increase in pharmacy network claims. CVS also tightened its 2015 adjusted profit forecast to $5.08- $5.19 per share from $5.05- $5.19. The number of pharmacy network claims CVS...

  • CBOE beats Street 1Q forecasts Friday, 1 May 2015 | 7:51 AM ET

    CHICAGO _ CBOE Holdings Inc. on Friday reported first-quarter net income of $42.1 million. CBOE shares have dropped 11 percent since the beginning of the year. Access a Zacks stock report on CBOE at http://www.zacks.com/ap/CBOE.