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  • Rexnord meets 4Q profit forecasts Wednesday, 20 May 2015 | 4:27 PM ET

    MILWAUKEE _ Rexnord Corp. on Wednesday reported fiscal fourth-quarter net income of $32.3 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 54 cents per share. For the current quarter ending in June, Rexnord expects its per-share earnings to range from 26 cents to 28 cents.

  • 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...

  • CHICAGO, May 20- Hormel Foods' chief executive cast doubt on federal forecasts for as much as 4 percent increase in turkey meat production on Wednesday, due to a devastating outbreak of avian flu that has "significantly challenged" its Jennie-O Turkey Store business. To date, the outbreak has led to the deaths or scheduled euthanizations of more than 38 million...

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, said it expected sales at its Jennie-O Turkey Store business to fall about 15 percent in the second half of the year, due to a supply shortfall caused by an avian flu outbreak in the United States. However, shares of the company, which reported a better-than-expected second-quarter profit and reaffirmed its...

  • May 20- Hormel Foods Corp, the maker of Spam lunch meat, reported lower-than-expected quarterly sales and said its Jennie-O Turkey Store business would be "significantly challenged" due to an outbreak of avian flu in the United States. The Jennie-O business, which accounts for about 18 percent of Hormel's revenue, got about 78 percent of its turkeys from its farms...

  • MINNEAPOLIS— Hormel reported a record second-quarter profit of $180.2 million Wednesday despite a bird flu scourge that has cost producers nearly 8 million turkeys and chickens in its home base of Minnesota alone. The company's quarterly per-share profit of 67 cents was a nickel better than Wall Street had expected, according to poll by Zacks Investment...

  • Balancing act for House Democratic Leader Pelosi on trade Wednesday, 20 May 2015 | 2:37 AM ET

    WASHINGTON— As House Speaker, Nancy Pelosi delivered the signature achievement of President Barack Obama's first term: his health care bill. Democratic lawmakers point out that there's little political upside for Democrats to grant Obama "fast track" authority to negotiate trade deals that Congress can approve or reject but not amend. Yet despite their...

  • NEW YORK— When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into online lenders and discovered a growing part of the sharing economy...

  • Yellen will be preceded by Chicago Fed President Charles Evans, who will talk about policy on Monday and Wednesday in Europe. "From Yellen, markets want to know whether or not she continues with that direction," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. On the earnings front, the week's top billing will be the world's...

  • NEW YORK, May 15- Food distributor Sysco Corp said on Friday that a record U.S. outbreak of avian flu would limit its chicken and egg supply for nine to 18 months, based on information provided to the company by its suppliers. Sysco is the biggest U.S. food distributor, whose clients include restaurants, hotels and hospitals. The company is discussing options with its...

  • House GOP plans 2-month extension of highway funds Friday, 15 May 2015 | 4:22 PM ET

    Republicans from both chambers said they expected Congress to approve the legislation next week. White House spokesman Eric Schultz charged that it would be a "dereliction of responsibility" for lawmakers to return to their districts without approving the legislation. As a result, Congress has approved a series of short-term extensions— most recently, one...

  • MILWAUKEE— A Wisconsin woman says a Southwest Airlines flight attendant barred her from calling her husband after he sent her a suicidal text, and she's wondering if more could have been done to save his life. "I started shaking the minute I got the text and I was panicked, I didn't know what to do," she told WTMJ-TV for a story this week. "I go to sleep at night thinking what...

  • NEW YORK— When I realized I was paying off six different credit cards and not getting anywhere, I decided to consolidate my debt, like millions of other Americans. I visited my local bank, asked for a $15,000 loan but was offered an interest rate higher than my cards were charging. So I looked into online lenders and discovered a growing part of the sharing economy...

  • The recall covers roughly 2,191 pounds of whole and cut chicken and 21 pounds of turkey pieces produced by Ridgeland- based AA Poultry Processing LLC between May 4 and May 11. The company's recall was announced Thursday by the U.S. Department of Agriculture's Food Safety and Inspection Service. Products in the recall have the establishment number "P-45525"...

  • Sean Stewart, 34, routinely tipped his father about mergers being worked on at Perella and JPMorgan Chase& Co, where he worked until 2011, according to a complaint filed in Manhattan federal court. The tips enabled Robert Stewart, 60, and a friend to make $1.16 million, the complaint said. Robert Stewart, an accountant and chief financial officer of mobile...

  • CHICAGO, May 14- Prices for prime crop land in the central Corn Belt held up better than other regions in the first quarter, but the outlook for low grain prices looked likely to pressure land values and farm incomes further in coming months, according to Federal Reserve quarterly surveys of farm bankers issued on Thursday. But it said a jump in farmland values in...

  • Sean Stewart, who previously worked at JPMorgan Chase& Co, tipped Robert Stewart, his father, about the mergers, enabling him and a friend to make $1.16 million, according to a criminal complaint filed in Manhattan federal court. Robert Stewart, a 60- year-old accountant and chief financial officer of a mobile applications company, was meanwhile arrested in...

  • CHICAGO, May 13- Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy. The previously unreported move would make Wal-Mart the first constituent of the Dow Jones...

  • CHICAGO, May 13- Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy. The previously unreported move would make Wal-Mart the first constituent of the Dow Jones...

  • CHICAGO, May 13- Wal-Mart Stores said it will start disclosing directly to investors what it spends on lobbying on a state-by-state basis, responding to shareholder pressure to improve transparency on how the retailing giant seeks to influence public policy. The previously unreported move would make Wal-Mart the first constituent of the Dow Jones...