New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.» Read More
*Gold boosted this week by drop in stock markets, falling dollar. (Recasts, updates prices, adds comment, adds to byline, dateline NEW YORK, May 24- Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. weekend, but registered its biggest weekly percentage gain in a month, supported by a drop in stock markets and a softer dollar.
NEW YORK-- Shares of Intuitive Surgical Inc. rose Friday after a jury ruled the company did not owe damages to the family of a patient who suffered complications following a surgery performed with Intuitive's da Vinci robotic system. It was the surgeon's first solo procedure using the da Vinci system.
NEW YORK, May 24- U.S. stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy. The Dow edged into positive territory by late afternoon trading, buoyed by a 4 percent gain in Procter& Gamble.
NEW YORK-- Shares of Yingli Green Energy Holding Co. rose in heavy trading Friday after the Chinese company said it reached a deal to supply modules for a solar project in Southeast Asia.
NEW YORK-- A Baird Equity Research analyst upgraded his rating on Sherwin-Williams Co. to "Outperform" from "Market Perform" on Friday, indicating it's all coming up rose-colored for the paint maker. Sherwin-Williams, like most companies that make products for the home, has been under pressure due to the prolonged housing slump and uncertain economy.
*Industrial commodities weighed down by shaky China demand. *Gold rises 2 pct on week, helped by conviction of more stimulus.
New York's Attorney General says there is more evidence that Bank of America, Wells Fargo and other banks violated the terms of a settlement designed to end mortgage abuses.
Everyone is hitting the roads ahead of Memorial Day weekend. CNBC's Phil LeBeau reports on Delta's new terminal at JFK, and the airline index is up more than 50 percent this year.
NEW YORK, May 24- U.S. stock indexes pared most of their earlier declines on Friday and the Dow pushed into positive territory, helped by a strong gain in shares of Procter& Gamble. The Dow Jones industrial average edged up 4.42 points, or 0.03 percent, at 15,298.92. The Nasdaq Composite Index slipped 3.00 points, or 0.09 percent, to 3,456.42.
The New York- based company said it was cooperating with the request in the May 6 subpoena. A spokeswoman for the U.S. Attorney's Office in New York also declined to comment. Attorney for the Southern District of New York, was noted briefly in the company's annual 10- k filing with the Securities and Exchange Commission.
NEW YORK, May 24- Oil prices rose in late afternoon trading in New York on Friday after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long holiday weekend in the United States.
NEW YORK-- Shares of Nordson Corp. fell Friday after the adhesives and industrial coatings maker posted fiscal second-quarter results that met Wall Street predictions, but issued a disappointing outlook for the current quarter. THE SPARK: For the quarter ended April 30, Nordson's profit rose 5 percent to $54.6 million, or 84 cents per share.
NEW YORK-- Iconix Brand Group Inc. said Friday that it bought the remaining 49 percent stake in the Ecko portfolio of brands for about $45 million in cash. The clothing brand licensing company previously held a 51 percent stake in IP Holdings Unltd LLC, which it bought in 2009. Marc Ecko Enterprises will remain the core apparel licensee for the brands.
CNBC's Phil LeBeau reports from Delta's new terminal at JFK Airport in New York. Delta invested $1.4 billion into the terminal expansion.
NEW YORK-- Office suppliers Office Depot Inc. and OfficeMax Inc. have enlisted The Boston Consulting Group to provide support for their pending merger. Office Depot shares rose 9 cents to $4.36 in afternoon trading. OfficeMax shares rose 17 cents to $12.75.
*Treasury sells $99 bln in 2-, 5-, 7- year notes next week. NEW YORK, May 24- U.S. Now the market has heard Bernanke and seen the minutes and we're seeing some better data, the market is going to start to decide where they think the Fed is going, sooner than later, "said Jason Rogan, managing director of Treasuries trading at Guggenheim Partners in New York."
NEW YORK, May 24- Canada's Valeant Pharmaceuticals International is nearing a deal to acquire eye care company Bausch& Lomb Holdings Inc from Warburg Pincus LLC for about $9 billion, a person familiar with the matter said on Friday.
At a conference in Dublin on Friday the head of Ireland's largest bank gave small business leaders the "15- second elevator pitch" he gives to U.S. executives when he is in New York or Boston.
THE SPARK: Gap Inc., the owner of The Gap, Old Navy and Banana Republic clothing chains, still expects earnings for the full year to range between $2.52 per share to $2.60 per share. The global businesses at both Gap and Old Navy each posted an increase of 3 percent, while Banana Republic's global division was unchanged from a year ago.
Kroger fell$. 04 or. 1 percent, to $34.15. Safeway fell$. 17 or. 7 percent, to $23.22. Supervalu fell$. 05 or. 8 percent, to $6.43.