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  • State Department employee is accused of sending threatening emails to college-aged women in the U.S. from his computer at the U.S. Embassy in London, authorities said. Authorities apprehended him last week at Atlanta's airport as he prepared to board a flight back to London after visiting relatives in Georgia. Investigators say he began working at the London...

  • PITTSBURGH— The cookies may be smiling, but the restaurants are not. A Pennsylvania chain says in a lawsuit that the smiley face cookies made by a Chicago- based baker are "confusingly similar" to its own trademarked treats. Homestead-based Eat'n Park seeks to block additional cookie sales by Chicago American Sweet& Snacks Inc..

  • May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for smartphones and large-screen TVs. Best Buy said its revenue growth in the United States was driven by sales of mobile phones bundled with billing plans by telecom carriers. Best Buy's revenue from the United...

  • May 21- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported better-than-expected quarterly profit and sales, helped by strong demand for large-screen TVs, smartphones and appliances. The net income attributable to Best Buy's shareholders fell to $129 million, or 36 cents per share, in the first quarter ended May 2 from $461 million, or $1.31 per...

  • NEW YORK— McDonald's CEO Steve Easterbrook said Thursday he was "incredibly proud" of a decision to bump pay for some workers, even after protesters called on the company to do more outside its annual shareholder meeting. But the push comes at a time when protests for pay of $15 an hour and a union have been spreading around the country. During the meeting, the company...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • CHICAGO, May 20- Thousands of McDonald's workers seeking a minimum wage of $15 per hour swarmed the fast-food giant's headquarters for the first of two days of protests to coincide with the fast-food chain's annual meeting on Thursday. Companies such as McDonald's Corp and Wal-Mart Stores Inc are raising starting pay and cities like Seattle and Chicago are...

  • BOSTON/ LOS ANGELES, May 20- Four U.S. public pension fund officials on Wednesday warned that McDonald's Corp and other companies may be jeopardizing their own futures by returning excessive amounts of cash to investors via share buybacks. The statement by the fund officials marks the first time in which some of the nation's biggest institutional investors...

  • Westell reports 4Q loss Wednesday, 20 May 2015 | 4:39 PM ET

    AURORA, Ill. _ Westell Technologies Inc. on Wednesday reported a fiscal fourth-quarter loss of $13 million, after reporting a profit in the same period a year earlier. The Aurora, Illinois- based company said it had a loss of 22 cents per share. For the year, the company reported a loss of $58 million, or 97 cents per share, swinging to a loss in the period.

  • Equifax, Experian and TransUnion, which have credit data for more than 200 million Americans, will also pay $6 million to the states for consumer education and other costs. The accord expands upon their March 9 agreement with New York Attorney General Eric Schneiderman to improve how they interact with consumers. Stuart Pratt, president of the Consumer Data...

  • Ohio Attorney General Mike DeWine announced the pact that Equifax, Experian and TransUnion struck with attorneys general in 31 states. "I am pleased that our agreement brings about reforms that will provide for more effective dealings and better communication between consumers and the credit reporting agencies," said Alabama Attorney General Luther...

  • CHICAGO, May 20- Hormel Foods' chief executive cast doubt on federal forecasts for as much as 4 percent increase in turkey meat production on Wednesday, due to a devastating outbreak of avian flu that has "significantly challenged" its Jennie-O Turkey Store business. To date, the outbreak has led to the deaths or scheduled euthanizations of more than 38 million...

  • May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported lower-than-expected quarterly earnings on Wednesday as a long, harsh winter hurt sales growth, sending its shares down more than 5 percent. Lowe's performance during the first quarter is in sharp contrast to bigger rival Home Depot Inc whose earnings handily beat analyst estimates on...

  • TREASURIES-U.S. 30-year bonds fall ahead of Fed minutes Wednesday, 20 May 2015 | 11:07 AM ET

    *Greece debt concerns spur earlier safety bids for bonds. "The April FOMC minutes might have a hawkish tone," said Todd Colvin, senior vice president at Ambrosino Brothers in Chicago. Companies raised $38 billion in the bond market on Monday and Tuesday, according to IFR, a Thomson Reuters unit.

  • Grain lower, livestock mostly lower Wednesday, 20 May 2015 | 10:50 AM ET

    CHICAGO— Grain futures were lower Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery was 4.25 cents lower at $5.06 a bushel; July corn was 1 cent lower at $3.61 a bushel; July oats were unchanged at $2.48 a bushel; while July soybeans lost 5.25 cents to 9.41 a bushel. August live cattle was. 90 cent lower at $1.4970 a pound; August feeder...

  • Got a baby? Need some gear? Tips from the NY Baby Show Wednesday, 20 May 2015 | 9:08 AM ET

    NEW YORK— How new or expectant parents navigate the megaworld of baby gear and its precursor, the megaworld of pregnancy gear, is an individual quest. Outfitting a nursery for the first time can be overwhelming, but separating need and want is simple, said Vanessa Antonelli, a nursery designer and baby gear expert. "You can fold it away, take it on the go with you when you...

  • Savings help for employees without access to 401(k) Wednesday, 20 May 2015 | 8:00 AM ET
    Washington Gov. Jay Inslee

    Momentum is building for state-run retirement savings plans for small business employees, but can they really solve the retirement savings crisis?

  • May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported lower-than-expected quarterly profit and sales as growth in its kitchen, flooring and lumber and building material businesses was not as strong as the company expected. In contrast, bigger rival Home Depot Inc's quarterly same-store sales handily beat analysts' estimates on Tuesday...

  • Home improvement chain Lowe's profit rises 8 pct Wednesday, 20 May 2015 | 6:08 AM ET

    May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported a 7.9 percent rise in quarterly profit as an improving job market encouraged Americans to spend on renovations. The company's net income rose to $673 million, or 70 cents per share, in the first quarter ended May 1 from $624 million, or 61 cents per share, a year earlier. Net sales rose 5.4...