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  • CAMBRIDGE, Mass., May 27- The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. "The economy is continuing to improve... growth looks to be picking up," Yellen told a group of...

  • NEW YORK, May 27- U.S. Treasury prices fell on Friday with short-dated yields spiking up after Federal Reserve Chair Janet Yellen said gradual U.S. interest rate increases would be appropriate if the economy improves further and the labor market tightens. Treasury trading at Mitsubishi UFJ Securities USA Inc..

  • WASHINGTON— The Education Department has appointed a new law firm to oversee the turnaround of schools once owned by Corinthian Colleges Inc.. The appointment of attorney Clark Kent Ervin of Squire Patton Boggs LLP comes after an Associated Press investigation found continued trouble with the career training programs. He is the former inspector general...

  • More than 3 million spill-proof cups for children are being recalled because of mold development risk, with more than 3,000 reported cases already. Other recalled consumer products include faulty water heaters and mattress pads. They were sold at BuyBuy Baby, CVS, Giant, Kohl's, Marco Baby, Marshalls, Meijer, Sam's Club, Ross Stores, Target, Bealls Outlet, Walgreens...

  • SAN FRANCISCO— Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets that make its technological tricks work. The allegations of betrayal and skullduggery surfaced in a lawsuit that Florida- based Magic Leap filed late Thursday in federal court after the two workers, Gary Bradski and Adrian...

  • POINT PLEASANT, N.J.— New Jersey Gov. Chris Christie says he is set to sign a package of bills to keep Atlantic City from running out of cash. Christie told 101.5 FM that signing the measure Friday means Atlantic City has until Oct. 24 "to get their act together."

  • 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/...

  • WASHINGTON, May 27- American drivers logged a record number of miles in the first three months of the year, as travel rose 4.2 percent to 746 billion miles, the U.S. Transportation Department said on Friday. The U.S. average retail price for gasoline was $2.30 per gallon on May 23, which was 47 cents lower than at the same time last year, and the lowest average price...

  • WASHINGTON, May 27- The strike by Verizon Communications Inc workers will probably trim U.S. non-farm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday. Labor Secretary Thomas Perez said on Friday that Verizon and unions representing the striking workers had reached a tentative deal. The Labor Department will publish its...

  • 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...

  • US DOLLAR EXTENDS GAINS, DOLLAR INDEX RISES TO 95.727, HIGHEST SINCE MARCH 29.

  • 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.

  • New York- based Verizon Communications Inc. has about 177,000 employees. Labor Secretary Thomas Perez said Friday that the agreement is being written and will be submitted for approval by union members of Communications Workers of America and International Brotherhood of Electrical Workers. Verizon and the unions have been negotiating at the Department...

  • *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...

  • WASHINGTON, May 27- The U.S. The central bank's announcement on Friday came a week after Fed Governor Daniel Tarullo previewed the proposals in a speech to insurance commissioners. Dirk Kempthorne, president of the American Council of Life Insurers trade group, said it has "questions about an approach that would put in place two distinctly different capital...

  • May 27- U.S. oil drillers cut rigs for a ninth week in the last 10, energy services company Baker Hughes Inc said on Friday, even as crude prices this week tested a seven-month high at $50 a barrel. They broke above the $50- mark on Thursday and were trading around $49 on Friday with analysts predicting range-bound markets for the next few months as supply outages...

  • 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...