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  • *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.

  • *Coming up: Baker Hughes rig count at 1700 GMT. 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. U.S. crude was down 95 cents at $59.77 a barrel by 11:45 a.m. EDT.

  • 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. The Labor Department said on Friday its Consumer Price Index, excluding food and energy, increased 0.3 percent last month. "It will give the Fed greater...

  • NEW YORK, May 22- Actavis Plc cannot pull its top-selling Alzheimer's drug from the market in favor of a pricier extended-release version, a federal appeals court in New York ruled on Friday. The decision at the 2nd U.S. Circuit Court of Appeals is a win for New York State Attorney General Eric Schneiderman, who sued to block the switch, arguing that Actavis was...

  • *Q3 adjusted profit $0.62/ share vs estimate of $0.52. May 22- Packaged foods maker Campbell Soup Co on Friday reported an unexpectedly better quarterly profit, helped by lower spending on promotions, higher prices for its products and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose about 1.5 percent.

  • NEW YORK, May 22- Actavis Plc cannot pull its top-selling Alzheimer's drug from the market in favor of a pricier extended-release version, a federal appeals court ruled on Friday. A three-judge panel at the 2nd U.S. Circuit Court of Appeals in New York upheld an order by U.S. District Robert Sweet in December requiring Actavis to keep the older drug, Namenda IR, on the...

  • Expedia sells stake in Chinese travel service Friday, 22 May 2015 | 10:44 AM ET

    NEW YORK— Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. Before the market opened, Bellevue, Washington- based Expedia said that it had sold its 62.4 percent share in eLong to a group that includes Ctrip.com International Ltd., Keystone Lodgings Holdings Ltd., Plateno Group Ltd. and...

  • NEW YORK— The stock market capped a quiet week of trading on a down note. Just 2.5 billion shares changed hands on the New York Stock Exchange, three-quarters of the normal level. Among stocks making big gains, Deere& Co. rose $3.89, or 4.3 percent, to $93.35 after the equipment maker beat analysts' estimates for its latest quarterly earnings.

  • NEW YORK, May 22- The U.S. dollar turned higher on Friday, spurred off its early losses by a U.S. inflation report that indicated underlying pressures are building and thereby bolstering the case for the U.S. "Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see," said Brian Daingerfield, currency strategist at the...

  • US stocks open mostly lower; oil price slides Friday, 22 May 2015 | 9:41 AM ET

    Campbell Soup rose 2 percent after reporting earnings that came in ahead of what analysts were looking for. Occidental Petroleum and Noble Corporation each fell 2 percent. The price of oil fell $1.22, or 2 percent, to $59.48 a barrel.

  • NEW YORK— Authorities are investigating a suspicious package found on the lower level of New York City's Grand Central Terminal and have closed the area to the public. Metropolitan Transportation Authority spokesman Adam Lisberg says the package was discovered Friday morning shortly before 9 a.m. at the historic transit hub on the east side of Manhattan.

  • May 22- Packaged foods maker Campbell Soup Co reported a better-than-expected quarterly profit, helped by lower promotions, higher selling prices and cost cuts. Shares of the company, known for its soups, Pepperidge Farm cookies and Goldfish crackers, rose 1.5 percent in premarket trading on Friday. The company said margins grew in its global baking and...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher items, the...

  • May 22- Packaged foods maker Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by a strong dollar and "movements in retailer inventory levels" in its U.S. soups business. Retailer Target Corp informed packaged food makers, including Campbell, that it would spend less on promoting some of their products and instead promote fresher...

  • NEW YORK— Wal-Mart's push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say. Though the steps are voluntary, Wal-Mart, which sells more food than any other store, has a history of using its retail muscle to change the way products are made and sold across the retail...

  • Ann Inc. tops 1Q profit forecasts Friday, 22 May 2015 | 8:01 AM ET

    NEW YORK _ Ann Inc. on Friday reported fiscal first-quarter profit of $13.6 million. For the current quarter ending in July, Ann Inc. said it expects revenue in the range of $660 million. Ann Inc. shares have increased 29 percent since the beginning of the year.

  • Campbell Soup's quarterly sales fall 3.6 pct Friday, 22 May 2015 | 7:26 AM ET

    May 22- Campbell Soup Co, the maker of Pepperidge Farm cookies and Goldfish crackers, reported a 3.6 percent fall in quarterly sales, hurt by a strong dollar and "retailer inventory movements" in its U.S. soup business. The net income attributable to the company fell slightly to $182 million in the third quarter ended May 3 from $184 million, a year earlier.