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  • CHICAGO/ 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. A spokeswoman for Archer Daniels Midland Co said that as egg supplies tighten and prices rise, the food processing...

  • Amgen ends work on experimental psoriasis drug Friday, 22 May 2015 | 5:27 PM ET

    NEW YORK— Drugmakers Amgen and AstraZeneca said Friday that some patients who took an experimental psoriasis drug experienced suicidal thoughts or behavior, and Amgen said it is ending development of the drug. Amgen was in charge of studying brodalumab, a potential treatment for moderate to severe plaque psoriasis and two other inflammatory diseases,...

  • Deere, Expedia are big market movers Friday, 22 May 2015 | 4:58 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Deere& Co., up $3.89 to $93.35. Campbell Soup Co., up 98 cents to $47.91.

  • NEW YORK— Stocks are closing moderately lower in a relatively quiet day ahead of a holiday weekend. The price of oil fell $1 to close at $59.72 a barrel in New York. Campbell Soup rose 2 percent after its earnings came in ahead of what analysts were looking for.

  • NEW YORK, May 22- U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015,...

  • *Bank of Japan keeps policy unchanged, as expected. NEW YORK, May 22- The U.S. dollar turned higher on Friday, spurred off early losses after a U.S. inflation report that indicated underlying pressures are building bolstered the case for the U.S. "Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see," said Brian...

  • May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...

  • WASHINGTON, May 22- Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. "It will give the Fed greater confidence that inflation will indeed make it to its target in the next couple of years, it increases the odds of faster Fed action,"...

  • Shake Shack extends run on "chicken shack" talk Friday, 22 May 2015 | 2:04 PM ET

    NEW YORK— Shake Shack's shares surged to another record high Friday, fueled in part by speculation that the hamburger chain could be thinking about dishing out chicken. Last month, a unit apparently tied to Shake Shack's parent company applied to trademark the words "Chicken Shack" for chicken sandwiches. Earlier this month, Shake Shack Inc. reported...

  • NEW YORK— A $19 million deal between Target and MasterCard to settle lawsuits stemming from the retailer's massive pre-Christmas 2013 data breach has been scrapped, because it failed to get enough support from the affected banks and credit unions. MasterCard Inc. would only say Friday that not enough issuers approved the deal. Minneapolis- based Target...

  • NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. Drillers cut the number of U.S. oil rigs in operation by just one this week, the strongest sign yet that a nearly six-month slump in activity was ending, data from oil services firm Baker Hughes...

  • *Yellen comments leave rate expectations unchanged on Wall Street. *Microsoft down after report of Salesforce deal talk. May 22- U.S. stocks were flat on Friday after Federal Reserve Chair Janet Yellen said it would be appropriate to raise interest rates this year if the economy continues on its current path, in line with broad expectations on Wall Street.

  • Q&A: Why are antibiotics used in livestock? Friday, 22 May 2015 | 1:35 PM ET

    NEW YORK— Wal-Mart, the world's biggest retailer, is the latest company to ask its suppliers to curb the use of antibiotics in farm animals. Here's a rundown of what's driving the decision:. In 2013, the Centers for Disease Control and Prevention released estimates that more than 23,000 people a year are dying from infections that are resistant to drugs.

  • May 22- A proposed $19 million settlement between MasterCard Inc and Target Corp over the retailer's 2013 data breach fell through after not enough banks accepted the deal, the credit card company said on Thursday. The lead lawyers for the banks had argued that the settlement with MasterCard, which was not a party to the lawsuit, was an attempt to undercut their...

  • ALBANY, N.Y.— A federal appeals court has rejected a drug manufacturer's appeal and affirmed a judge's order that Actavis PLC keep distributing its widely used Alzheimer's medication until after its patent expires this summer. He alleged anti-trust and state law violations by Actavis in an effort to push patients to its new patented drug and avoid losses from...

  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • *Ctrip, Expedia hit record highs on stake sale deal. May 22- The S&P 500 and Dow fell in early afternoon trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen's economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation. "It will give the Fed greater confidence that inflation...

  • NEW YORK— A federal appeals court has awarded HSBC a new trial in a securities class action suit that ended with a $2.46 billion judgment against the company. In 2013 a division of HSBC was ordered to pay $2.46 billion in a class action lawsuit that said its Household International mortgage lending business violated federal securities laws by misleading...

  • May 22- Investors worldwide pulled $8.5 billion out of funds that specialize in U.S. stocks in the week ended May 20 on appetite for cheaper share prices in Europe, data from a Bank of America Merrill Lynch Global Research report showed on Friday. Stock funds overall returned to outflows, with $600 million pulled after $1.9 billion in inflows the prior week,...

  • Hess lost 2 percent and Newfield Exploration declined 1.3 percent. Oil fell 95 cents, or 1.6 percent, to $59.77 a barrel. Campbell Soup rose 2 percent after its earnings came in ahead of what analysts were looking for.