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  • CHICAGO, May 22- U.S. chicken freezer inventories swelled to a nine-year high in April, led by record-setting leg quarter stocks, on rising production and export challenges partly tied to the bird flu spread in the United States, industry experts said after Friday's monthly cold storage report. The U.S. Department of Agriculture cold storage report for end of...

  • *Bank of Japan keeps policy unchanged, as expected. NEW YORK, May 22- The U.S. dollar turned higher on Friday, spurred off early losses after a U.S. inflation report that indicated underlying pressures are building bolstered the case for the U.S. "Stronger inflation, along with stronger growth data, is something that the Fed certainly wants to see," said Brian...

  • The oil pipeline leak that fouled a stretch of California coastline this week reflects a troubling trend in the nation's infrastructure: As U.S. oil production has soared, so has the number of pipeline accidents. "Tick, tick, tick," said Robert Bea, a professor emeritus in civil engineering at the University of California, Berkeley. Since 1995, there have been more...

  • WASHINGTON— The White House says "offensive and disgusting" replies posted on President Barack Obama's new Twitter account are part of an open society. But spokesman Josh Earnest says the bile flooding Obama's@ POTUS account is worth the price of engaging the public on issues they care about. "POTUS" is an acronym for "President of the United States."

  • *Fed Chair Janet Yellen speech pressures gold slightly. NEW YORK/ LONDON, May 22- Gold eased on Friday, on course for its first weekly decline in four weeks, after U.S. Federal Reserve Chair Janet Yellen said she expected an interest rate hike this year.

  • Adult dating site investigating breach of user data Friday, 22 May 2015 | 3:01 PM ET

    PALO ALTO, Calif.— The operator of a popular adult dating website said Friday it's investigating a potential security breach, following reports that hackers stole names, email addresses and information about the sexual preferences of up to 4 million members. Britain's Channel 4 news outlet reported that hackers posted some of the information on an obscure...

  • *Microsoft was willing to offer about $55 bln- CNBC. May 22- Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. A potential bidder can go up to $70 billion on the high end and Microsoft, Oracle Corp and Amazon.com Inc are the companies most likely to be suitors,...

  • DENVER— Federal regulators are re-doing an environmental review for a Colorado coal mine after a judge threatened to shut it down unless they took a closer look at its indirect environmental impacts, including its contribution to climate change. The Office of Surface Mining, Reclamation and Enforcement, part of the Interior Department, posted a notice of the...

  • May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...

  • *PartnerRe says Exor's offer price is "unacceptable". MILAN/NEW YORK, May 22- Bermuda- based reinsurer PartnerRe will ask its shareholders to vote on a merger with Axis Capital Holdings agreed in January, after rival bidder Exor refused to further sweeten its $6.8 billion offer. Exor has become PartnerRe's largest shareholder after acquiring a stake of 9.9...

  • NEW YORK, May 22- U.S. If it continues, they will be ready to move later on this year, "said Todd Hedtke, vice president of investment management with Allianz Investment Management in Minneapolis. Fed Chair Janet Yellen, in a speech to a business group in Providence, Rhode Island, said a rate increase would be appropriate this year if the economy shows further...

  • Overall, U.S. drillers reduced the number of active rigs by just one this week, oil services company Baker Hughes Inc said. In the latest week, drillers added three oil rigs in the Niobrara basin in Wyoming and Colorado and two in the Eagle Ford in South Texas, according to the closely followed report. The Permian basin in western Texas and eastern New Mexico, the...

  • 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. "It will give the Fed greater confidence that inflation will indeed make it to its target in the next couple of years, it increases the odds of faster Fed action,"...

  • ATLANTIC CITY, N.J.— As four Atlantic City casinos shut down last year, those that remained voiced optimism that their own performance would improve. Figures released Friday by the state Division of Gaming Enforcement show the surviving eight casinos saw their gross operating profits rise by 26 percent in the first quarter of this year. "Gaming revenue is up,...

  • —FEBRUARY 2012: McDonald's Corp. requires its U.S. pork suppliers to outline plans to phase out the use of sow gestation stalls that limit movement. —APRIL 2015: Aramark, the largest U.S. food-service company, says it's eliminating all cages for laying hens by 2020, gestation crates for mother pigs by 2017 and crates for veal calves by 2017. Among other steps, the...

  • LOS ANGELES, May 22- Owners of the oil pipeline that ruptured in California this week must take numerous corrective measures, including an in-depth analysis of factors contributing to the spill, before they can restart the line, federal safety officials said on Friday. The corrective action order issued on Thursday by the U.S. Transportation Department's...

  • Shake Shack extends run on "chicken shack" talk Friday, 22 May 2015 | 2:04 PM ET

    NEW YORK— Shake Shack's shares surged to another record high Friday, fueled in part by speculation that the hamburger chain could be thinking about dishing out chicken. Last month, a unit apparently tied to Shake Shack's parent company applied to trademark the words "Chicken Shack" for chicken sandwiches. Earlier this month, Shake Shack Inc. reported...

  • TOKYO— Japan needs "bold action" on revamping its economy and improving its precarious national finances, the International Monetary Fund says in its latest assessment of the world's third-largest economy. It said doubts about Japan's "long-term fiscal sustainability"— whether it can pay off its huge debt— could rise if investors lose confidence.

  • TOKYO, May 22- The International Monetary Fund warned the Bank of Japan will take longer than it expects to hit its inflation target even with more monetary easing, and said "bolder" structural reforms are required to shake off an entrenched deflationary mindset. In a statement after "Article 4" consultations with Japanese policymakers released on Friday, the IMF...

  • IMF WARNS AGAINST USING' OVERLY OPTIMISTIC' ASSUMPTION ON FISCAL REFORM.