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  • US, Chinese authors protest major book fair, censorship Wednesday, 27 May 2015 | 8:23 PM ET

    NEW YORK— Chinese and American authors gathered Wednesday to protest a major U.S. book fair's focus on China that they say ignores the country's glaring problems of censorship and intimidation. Jonathan Franzen, Xiaolu Guo, Andrew Solomon, Ha Jin and others stood outside the main New York Public Library to demand that China free Nobel peace laureate Liu Xiaobo...

  • Jawbone files lawsuit against rival Fitbit Wednesday, 27 May 2015 | 8:04 PM ET

    NEW YORK— In a clash of rival makers of fitness trackers, Jawbone is suing Fitbit and a group of employees who quit Jawbone to work for Fitbit, saying they stole trade secrets, business plans, market research, and other information. Jawbone's lawsuit names Fitbit Inc. and five former Jawbone employees, and says it believes 10 other employees were also involved.

  • NEW YORK, May 27- Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry. Internet and cable company after Comcast Corp. Charter's top shareholder John Malone, a cable industry pioneer, is on...

  • May 27- As General Electric Co seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday. We have to get those done quickly, " Keith Sherin, chief executive of GE Capital, told an investor...

  • HOUSTON, May 27- Shareholders of the top two U.S. oil companies on Wednesday rejected proposals to add directors with climate change expertise to their boards, but a measure passed at one, Chevron Corp, could give new power to minority investors with environmental concerns. Proposals to add an independent director with expertise in climate change received the...

  • Ocwen to cut 140 jobs at Houston Wednesday, 27 May 2015 | 4:59 PM ET

    May 27- Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston. Ocwen has sold more than $90 billion of servicing rights since February, which includes $45 billion of mortgage servicing rights to JPMorgan Chase& Co's consumer and commercial banking unit.

  • May 27- Avago Technologies Ltd is close to an agreement to acquire fellow chipmaker Broadcom Corp, people familiar with the matter said on Wednesday, in a deal that could boost Avago's clientele of top-tier smartphone companies. A deal between Avago and Broadcom could come as early as this week, the people said, cautioning that the negotiations had not yet been...

  • Tiffany and Michael Kors are big market movers Wednesday, 27 May 2015 | 4:34 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Tiffany& Co., up $9.01 to $94.54. Michael Kors Holdings Ltd., down $14.66 to $45.93.

  • NEW YORK, May 27- JPMorgan Chase& Co officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday, after one-third of shareholders disapproved last week of his pay and the practice of one person holding his two jobs. At the company's annual meeting last week in Detroit, JPMorgan's compensation for top executives...

  • NEW YORK— Federal investigators are looking into the financial records and other documents of the powerful union representing New York City's 9,000 jail guards, the union's president and its law firm confirmed Wednesday to The Associated Press. Among the allegations in the lawsuit is that Correction Officers' Benevolent Association President Norman...

  • District Judge Lewis Kaplan in New York upheld the Department of Education's rules, which require the colleges to demonstrate their graduates earn enough money to repay their loans in order to maintain access to federal financial aid. The Association of Proprietary Colleges, which represents 20 schools in New York, brought the New York lawsuit.

  • NEW YORK, May 27- A U.S. judge in California allowed a class action lawsuit to proceed on Wednesday against satellite-radio company Sirius XM Holdings Inc over the payment of royalties for songs produced before 1972, in a case that is being closely watched for its implications for digital media. Gutierrez ruled last September that, under California state law,...

  • US stocks regain ground a day after a slump Wednesday, 27 May 2015 | 4:12 PM ET

    NEW YORK— The U.S. stock market is regaining some of the ground it lost the day before, when the market had its biggest slump in three weeks. Microsoft, Apple and Intel had the biggest gains in the Dow Jones industrial average. U.S. crude gave up 52 cents to close at $57.10 a barrel.

  • NYC approves skyscraper in exchange for transit hub work Wednesday, 27 May 2015 | 4:11 PM ET

    NEW YORK— City officials cleared the way on Wednesday for construction of a new, 65- story Manhattan skyscraper after the developer made an unusual tradeoff: a promise to make sweeping upgrades to nearby Grand Central Terminal that would allow more rush-hour trains on the subway's busiest lines. In exchange for getting more square footage, developer SL Green...

  • *Greece worries support Treasuries prices. Treasury yields edged lower on Wednesday on month-end buying and lingering concerns over Greece, while shorter-dated yields were mostly stable after the fears over Greece offset new supply. Concerns over Greece also spurred some demand for safe-haven Treasuries.

  • Office Depot to pay $3.4 million over faulty chairs Wednesday, 27 May 2015 | 3:58 PM ET

    NEW YORK— Office Depot will pay regulators $3.4 million to settle charges that it did not report defects of two of its office chair models fast enough, even after receiving more than 200 complaints. The agency said Office Depot did not notify the regulator until it contacted the company. Office Depot sold more than 1.4 million of the defective Gibson chairs...

  • Tracy Morgan settles suit with Wal-Mart over fatal crash Wednesday, 27 May 2015 | 3:56 PM ET

    NEWARK, N.J.— Actor-comedian Tracy Morgan has settled his lawsuit against Wal-Mart over a highway crash that killed one man and left Morgan and two friends seriously injured. Morgan's lawyer, Benedict Morelli, said he and Walmart worked diligently to reach the settlement for the plaintiffs and their families. "Walmart took full responsibility for the accident,...

  • NEW YORK, May 27- Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market ahead of U.S. inventory data. Other factors held little sway, including France's warning to Iran that it was ready to block a final deal on Tehran's nuclear program unless Iran provided full access to inspectors.

  • District Judge Lewis Kaplan in New York upheld the Department of Education's rules, which require the colleges to demonstrate their graduates earn enough money to repay their loans in order to maintain access to federal financial aid. The Association of Proprietary Colleges, which represents 20 schools in New York, brought the New York lawsuit.

  • NEW YORK, May 27- European stocks lead major markets higher on Wednesday and the euro edged up on signs, later dismissed, that Greece and its creditors were drafting an agreement that would provide Athens much-needed debt relief. Greece's government said it is starting to draft an agreement with creditors including the European Union and the International...