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  • How the Dow Jones industrial average fared on Wednesday Wednesday, 27 May 2015 | 4:33 PM ET

    Stocks ended higher, recovering the most of their losses from the day before, as Greece appeared closer to resolving its latest debt problems. However, the overall market remains directionless as most investors are focused on figuring out when the Federal Reserve's long-awaited interest rate increase may come. The Dow Jones industrial average rose 121.45...

  • 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...

  • Popeyes beats 1Q profit forecasts Wednesday, 27 May 2015 | 4:27 PM ET

    ATLANTA _ Popeyes Louisiana Kitchen Inc. on Wednesday reported first-quarter earnings of $13.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Popeyes expects full-year earnings in the range of $1.84 to $1.89 per share.

  • CHICAGO, May 27- Strong investor demand pushed yields lower for $674 million of Chicago bonds priced on Wednesday, but the city continued to pay a penalty for its shaky finances. Carole Brown, Chicago's CFO, said the four bond issues attracted $6 billion in orders. On May 12, Moody's Investors Service downgraded Chicago's credit rating to junk, due to an Illinois...

  • Aegean Marine beats 1Q profit forecasts Wednesday, 27 May 2015 | 4:21 PM ET

    ATHENS, Greece _ Aegean Marine Petroleum Network Inc. on Wednesday reported first-quarter earnings of $12.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Palo Alto reports 3Q loss Wednesday, 27 May 2015 | 4:21 PM ET

    SANTA CLARA, Calif. _ Palo Alto Networks Inc. on Wednesday reported a loss of $45.9 million in its fiscal third quarter. Eleven analysts surveyed by Zacks expected $222.4 million. Analysts surveyed by Zacks had expected revenue of $246 million.

  • 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...

  • BNSF plans temporary layoffs with slipping freight demand Wednesday, 27 May 2015 | 4:19 PM ET

    BISMARCK, N.D.— BNSF Railway Co. says it's planning employee furloughs due to slipping freight shipping demand across its rail network. BNSF is based in Fort Worth, Texas, but is part of Warren Buffett's Berkshire Hathaway Inc., based in Omaha, Nebraska. The railroad is the biggest player in North Dakota's oil patch, hauling most of the the more than 1.1 million...

  • Spartan Stores beats 1Q profit forecasts Wednesday, 27 May 2015 | 4:16 PM ET

    GRAND RAPIDS, Mich. _ Spartan Stores Inc. on Wednesday reported first-quarter net income of $10.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Spartan Stores shares have climbed 21 percent since the beginning of the year.

  • SAN FRANCISCO— California is betting big— $1.4 billion over five years— that connecting high school studies to specific careers will get more students to graduate, go on to college and find well-paying jobs. "My top priority is to better prepare California students for college and careers in the 21st century," Torlakson said. One of the largest awards, $15 million,...

  • 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.

  • 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.

  • 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,...

  • 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.

  • SAO PAULO, May 27- Russia on Wednesday banned the import of meat from 10 Brazilian processing plants starting on June 9, but the world's top beef exporter said the ban will not impact trade. Russia, the second biggest importer of Brazilian beef in 2014 after Hong Kong and a major importer of the country's pork, regularly bans imports from Brazilian meat packers.

  • Tilly's tops 1Q profit forecasts Wednesday, 27 May 2015 | 4:10 PM ET

    IRVINE, Calif. _ Tilly's Inc. on Wednesday reported fiscal first-quarter net income of $1.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. Five analysts surveyed by Zacks expected $121.2 million.

  • 'Canceled': When it makes sense to close a credit card Wednesday, 27 May 2015 | 4:07 PM ET

    New credit card offers can be tempting, especially when they tout a lower interest rate or more attractive rewards than what's in your wallet. But before you sign up for yet another card, consider whether you'd be better off financially closing out any of the cards you already have. "Don't let concerns about a credit score cause you to make a bad financial decision,"...

  • May 27- Wearable fitness tracking device maker Fitbit Inc is being sued by rival Jawbone, which accused Fitbit of "plundering" confidential data, the New York Times reported. Jawbone accused Fitbit of "systematically plundering" confidential information by poaching employees who improperly downloaded sensitive materials shortly before leaving, the Times...

  • NEW YORK, May 27- U.S. stocks rose on Wednesday, with the Nasdaq Composite setting a record closing high, led by a rebound in technology and healthcare stocks and on optimism that Greece would avoid defaulting on its debt.