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  • Correction: McDonald's Shareholders-Salaries story Thursday, 21 May 2015 | 2:43 PM ET

    OAK BROOK, Ill.— In a May 20 story about a protest outside of McDonald's corporate headquarters near Chicago, The Associated Press erroneously reported that about 100 protesters were arrested. Protesters call for $15 an hour outside McDonald's headquarters ahead of shareholder meeting. OAK BROOK, Ill.— Hundreds of protesters marched near McDonald's suburban...

  • *Shake Shack hits record on trademark filing. May 21- U.S. stocks rose in afternoon trading on Thursday, with the S&P 500 just shy of its record high and the Nasdaq crossing its record close, as disappointing economic data bolstered the view that an interest rate hike would come only later in the year. Federal Reserve officials all but ruled out a rate hike next month...

  • May 21- Financial Engines is close to a deal to add its online investment advice to Wells Fargo& Co's retirement platform, according to a Wells presentation obtained by Reuters, news that boosted Financial Engine's stock more than 6 percent. The move would make Financial Engines' service available to the 3.8 million 401 participants on Wells' 401 record-keeping...

  • *Islamic State attacks in Iraq add further support to prices. NEW YORK, May 21- Oil prices jumped almost 3 percent Thursday, giving Brent its biggest rally in more than a week, as draws reported in the Cushing delivery point for U.S. crude futures boosted optimism that a supply glut was easing. Fighting in Iraq that raised worries about the security of Middle East...

  • NEW YORK— Abbvie Inc. specified the stock and cash breakdown on Thursday of its previously announced $21 billion buyout of Pharmacyclics Inc.. The drugmaker said the mixed consideration will consist of $152.25 in cash and 1.6639 shares of AbbVie common stock and, subject to proration, the all-stock consideration will consist of 3.9879 shares of AbbVie...

  • *Shake Shack hits record on trademark filing. May 21- Wall Street was higher in late morning trading on Thursday, with the S&P 500 a whisker away from a record high, as a fresh batch of disappointing economic data bolstered expectations that the Federal Reserve would not raise interest rates any time soon. "I doubt we'll see a rate hike this year," said Paul Nolte,...

  • CHICAGO, May 21- Banks that entered into credit and other deals related to Chicago's general obligation variable-rate debt have agreed not to demand payments triggered when the city's rating was cut to junk by Moody's Investors Service, according to city documents. The forbearance agreements between Chicago and the banks will allow the city to convert the...

  • Grain higher, livestock mixed Thursday, 21 May 2015 | 10:54 AM ET

    CHICAGO— Grain futures were higher Thursday in early trading on the Chicago Board of Trade. Wheat for July delivery was 4.50 cents higher at $5.1750 a bushel; July corn was 4.25 cents higher at $3.6425 a bushel; July oats were unchanged at $2.41 a bushel; while July soybeans gained 3.75 cents to 9.45 a bushel. August live cattle was. 53 cent higher at $1.5025 a pound;...

  • 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...