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  • NEW YORK, May 27- The U.S. dollar added to gains while U.S. "It's appropriate... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," Yellen told an audience of Harvard University professors and alumni. "People think June or July are very much alive now," said Stephen...

  • NEW YORK, May 27- The U.S. dollar index hit two-month highs on Friday after Federal Reserve Chair Janet Yellen left the door open to an interest rate increase in the coming months. "She didn't say no, the market took that as a positive sign for the dollar," said Boris Schlossberg, managing director at BK Asset Management in New York. The dollar also gained against the yen,...

  • CHICAGO, May 27- Chicago Board of Trade corn futures rose nearly 1 percent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. At the CBOT as of 1:09 p.m. CDT, July corn was up 4-1/ 4 cents at $4.12-1/ 2 per bushel. July soybeans were up 5-1/ 4 cents at $10.85 a bushel and July wheat was down 1/...

  • CAMBRIDGE, Mass.— Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving. While economic growth was relatively weak at the end of last year and beginning of this year, it appears to be picking up now based on recent data, Yellen said during a discussion at Harvard University.

  • NEW YORK, May 27- Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal to end a strike that has stretched for more than month, U.S. The action was called by the Communications Workers of America and the International Brotherhood of Electrical Workers. Verizon Communications and representatives...

  • It said around 75 percent of the issue was bought by foreign investors from the United Kingdom, France, Switzerland, Asia and the United States, with a quarter taken by Russian banks, asset management firms and brokerage companies. On Wednesday, Finance Minister Anton Siluanov had said foreign investors bought $1.2 billion of the $1.75 billion.

  • Verizon had trained other workers to step in but there were still delays in installations for Fios customers. Verizon said that it had high health care costs for its unionized workers, which have shrunk as it sold off large chunks of its wireline unit and focused on its mobile business, which was not unionized. The president of the Communications Workers of...

  • *Ulta Salon jumps after raising full-year forecast. May 27- Wall Street trimmed gains in early afternoon trading on Friday after Federal Reserve Chair Janet Yellen said it would likely be appropriate to raise rates "in the coming months." After Yellen's speech, traders raised their expectations of a June rate hike to 34 percent from 30 percent, according to CME...

  • May 27- Federal agents acted in good faith in executing a warrant to search a Connecticut accountant's records that had been seized 2-1/ 2 years earlier, a U.S. appeals court said, in a closely watched case testing how long the government can keep a criminal suspect's computer data. But the 2nd U.S. Circuit Court of Appeals in New York on Friday avoided the question of...

  • WASHINGTON, May 27- The U.S. Federal Reserve should raise interest rates "in the coming months" if economic growth picks up as expected and jobs continue to be generated, Fed Chair Janet Yellen said on Friday. "The economy is continuing to improve... growth looks to be picking up," Yellen said in remarks in Boston.

  • An abbreviated work period this month produced mixed results at best— Congress exited Washington without acting on funding the battle against the Zika virus, for starters— and a full plate awaits when lawmakers return next month from a weeklong Memorial Day recess for a six-week sprint to political convention season and the traditional August vacation.

  • May 27- U.S. meteorologists on Friday predicted the number of storms in the upcoming hurricane season will increase from years of below-average levels, as a weather system brewed off the East Coast potentially disrupting Americans' Memorial Day weekend. As Americans readied for the long weekend that marks the start of the U.S. summer, the U.S. National Oceanic...

  • JPMorgan Chase, Wells Fargo and other big banks are upgrading their online payment services to let customers make instant transfers of money to others who bank elsewhere, often at no cost. The only option bank customers often had to send money instantly to another person was a wire transfer, which can cost upward of $30 at a branch, or to use a service like Western...

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for May, 10 a.m. Commerce Department releases construction spending for April, 10 a.m.; Federal Reserve releases Beige Book, 2 p.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac releases weekly mortgage rates, 10 a.m.. WASHINGTON— Labor Department...

  • May 27- Federal agents acted in good faith in executing a warrant to search a Connecticut accountant's records that had been seized 2-1/ 2 years earlier, a U.S. appeals court said, in a closely watched case testing how long the government can keep a criminal suspect's computer data. But the 2nd U.S. Circuit Court of Appeals in New York on Friday avoided the question of...

  • TORONTO, May 27- Toronto's Trump tower is close to being sold and may not bear the name of presumptive U.S. Symon Zucker, who represents Talon International Development Inc, said the 65- storey hotel and condominium building in the city's financial district has found a potential buyer and the sale will conclude "hopefully shortly." Trump Hotel spokeswoman...

  • *First-quarter GDP growth raised to 0.8 percent rate. WASHINGTON, May 27- U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment. Gross domestic product rose at a 0.8 percent annual rate as...

  • The Public Utility Commission fined San Francisco- based Uber in April for operating in Pennsylvania for six months in 2014 without the required approval. Tom Wolf and Pittsburgh- area officials wrote a letter to the commission this month urging it to greatly reduce the fine. They said the stiff fine could discourage innovative companies from investing in...

  • The Craft Beverage Lawyers Guild launched this week to represent small, independent breweries as well as wineries and distilleries. The idea grew from a conversation between two attorneys: Eugene Pak in Oakland, California, and Joe Infante in Grand Rapids, Michigan. The idea grew from a conversation between two attorneys: Eugene Pak in Oakland, California, and...

  • "We risk being in a post-antibiotic world," said Thomas Frieden, director of the U.S. Centers for Disease Control and Prevention, referring to the urinary tract infection of a 49- year-old Pennsylvania woman who had not travelled within the prior five months. Frieden, speaking at a National Press Club luncheon in Washington, D.C., said the bacteria was resistant to...