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  • *April core price rise revives bets on Fed rate hike. *Fed's Yellen to speak on economy at 1 p.m.. NEW YORK, May 22- U.S.

  • US STOCKS SNAPSHOT-WALL ST OPENS LOWER AFTER APRIL CPI DATA@. May 22- U.S. stocks opened lower on Friday after data showed a stronger-than-expected rise in core inflation in April, suggesting the Federal Reserve would remain on course to hike interest rates later this year. The Dow Jones industrial average fell 14.69 points, or 0.08 percent, to 18,271.05, the S&P...

  • 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.

  • *No discount if oil prices average $60/ bbl in June qtr. NEW DELHI, May 22- India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company. Currently ONGC, Oil India and GAIL sell crude and fuels like...

  • HOUSTON— Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado,...

  • LONDON, May 22- "Don't Fight the Fed" has long been a central tenet of financial markets and one of the most profitable trading strategies around. A speech in London on Monday from European Central Bank Executive Board member Benoit Coeure about tweaks to the bank's bond-buying program, or quantitative easing caught the market on the hop and triggered one of the...

  • LONDON, May 22- Sterling fell sharply against the dollar on Friday, after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target later this year. Sterling fell 0.9 percent against the dollar to $1.5520, well off a five-month high of $1.5815 struck on May 14.

  • WASHINGTON, May 22- U.S. consumer prices moderated in April on weak gasoline prices, but rising shelter and medical care costs boosted underlying inflation pressures, which should keep the Federal Reserve on course to raise interest rates later this year. The Labor Department said on Friday its Consumer Price Index gained 0.1 percent last month after...

  • *Core inflation at highest since January 2013. The Labor Department said its Consumer Price Index rose 0.1 percent last month, while the so-called core CPI, which strips out food and energy costs, increased 0.3 percent, the largest gain since January 2013. "There is some conflicting information that is going on inside the marketplace that sort of belies what's...

  • Private equity fund buying Cincinnati-based Frisch's Friday, 22 May 2015 | 9:07 AM ET

    Frisch's Restaurants Inc. said NRD Partners I will buy all outstanding shares for $34 each, or some $175 million. The regional chain of the Big Boy mascot and namesake two-burger sandwich owns some 95 family restaurants in Ohio, Kentucky and Indiana. Frisch's says it owns the "Big Boy" trademark in Kentucky and Indiana, and in most of Ohio and Tennessee.

  • LONDON, May 22- Copper prices fell on Friday on worries about demand in top consumer China, while nickel hit a four-week low after stocks in LME registered warehouses climbed to a record high. Three-month copper traded down at $6,200 a tonne in official rings from $6,260 at Thursday's close. "The fundamental situation in the copper market clearly speaks to higher...

  • AMSTERDAM, May 22- Dutch bank ABN Amro, nationalized after the financial crisis, should start its return to market this year with the sale of a first tranche of up to 30 percent of its shares, the government decided on Friday, according to Dutch media. The sale of the first tranche was likely to raise between 3 billion and 4.5 billion euros, which would be spent on paying...

  • 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...

  • RIO DE JANEIRO, May 22- Brazil's government will disclose a major spending freeze on Friday aimed at convincing investors that President Dilma Rousseff is committed to saving the nation's investment-grade debt rating. A freeze of that size would be in line with market expectations and the biggest since Rousseff took office in 2011. Most analysts believe it...

  • WASHINGTON, May 22- The U.S. State Department has approved the sale of 10 MH-60R Seahawk helicopters to Saudi Arabia for $1.9 billion, the first step in a major multibillion-dollar modernization of the Saudi navy's eastern fleet. The Pentagon's Defense Security Cooperation Agency notified lawmakers on Thursday about the possible arms sale, which has been...

  • TIRANA, Albania— The World Bank has agreed to lend Albania up to $1.2 billion to support its public finances and invest in infrastructure. A statement from the bank Friday said the board of directors agreed on a 2015-2019 lending program to support Albania's growth as it tries to join the European Union. The money will be used for fiscal stability, infrastructure...

  • ABN Amro to be listed in stages - Dutch public TV Friday, 22 May 2015 | 8:38 AM ET

    AMSTERDAM, May 22- Dutch bank ABN Amro, which was nationalised in a state bail-out after the financial crisis, will be returned to the market in stages, the Dutch government decided at a cabinet meeting on Friday, NOS public television reported.

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • OTTAWA, May 22- Canada's annual inflation rate cooled to 0.8 percent in April, making for the smallest increase since October 2013, due to cheaper energy, data from Statistics Canada showed on Friday. That brought inflation below the lower end of the Bank of Canada's 1 to 3 percent target range and fell short of economists' forecasts for 1 percent.

  • US consumer prices up a slight 0.1 percent in April Friday, 22 May 2015 | 8:32 AM ET

    WASHINGTON— U.S. consumer prices were up slightly in April for the third straight month, suggesting that an improving economy could be setting the stage for the Federal Reserve to raise interest rates later this year. Consumer prices edged up 0.1 percent from the previous month, when prices rose a modest 0.2 percent, the Labor Department said Friday.