Wires

More

  • NEW YORK, May 27- Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. On Friday, Fed Chair Janet Yellen said that if current economic conditions hold, a rate hike over the next few months would be "appropriate." However, stocks have not yet priced in a rate hike in June or even July, according to analysts at Bank of...

  • May 27- Williams Cos Inc has informed Energy Transfer Equity LP that it is open to considering a new offer that would amend terms of its $20 billion sale to its larger U.S pipeline peer in an effort to end a stalemate between the companies, according to people familiar with the matter. Energy Transfer's proposed acquisition of Williams has been in doubt for months,...

  • May 27- A tropical storm warning has been issued for the coast of South Carolina from the Savannah River to Little River Inlet, the U.S. National Hurricane Center said on Friday.

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • May 27- Tropical Depression Two of the 2016 Atlantic hurricane season has formed off of the southeastern United States, the U.S. National Hurricane Center said on Friday. Some strengthening is forecast during the next 48 hours, and the depression is expected to become a tropical storm later tonight or on Saturday, the Miami- based weather forecaster said.

  • NEW YORK— Stocks rose Friday to wrap up their strongest week in almost three months. Banks gained ground after Federal Reserve Chair Janet Yellen said the central bank intends to keep raising interest rates provided the economy continues to improve. The Dow Jones industrial average gained 44.93 points, or 0.3 percent, to 17,873.22.

  • NEW YORK, May 27- The U.S. dollar index hit a two-month high and U.S. bond prices fell on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months. "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...

  • DES MOINES, Iowa— The possibility of an American Indian burial site in northwest Iowa may require relocation of a crude oil pipeline route and delay the beginning of construction in Iowa, the only one of four states where work hasn't begun. Under Iowa law, Doershuk must now study the area to determine whether it is more than 150 years old. If so, it is considered...

  • NEW YORK, May 27- The U.S. Air Force said on Friday that Boeing Co will miss its deadline for delivering an initial batch of KC-46 Pegasus aerial tankers, potentially raising the cost to Boeing of a program already behind schedule and $1.3 billion over budget. Those will now be delivered by January 2018, and will lack some capabilities until October 2018, the Air...

  • Ulta Salon, Cosmetics& Fragrance Inc., up $19.46 to $233.15. Terex Corp., down $3.44 to $20.89. Chinese heavy equipment maker Zoomlion gave up on its effort to buy Terex after failing to reach a deal.

  • TORONTO, May 27- Canada's main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from U.S. central bank chief Janet Yellen. Toronto-Dominion Bank rose 0.4 percent to C $57.67, and Brookfield Asset Management Inc advanced 2.6 percent to C $46.54, while...

  • Redstone, who holds 80 percent of the voting shares in Viacom and CBS Corp, last week removed Dauman and Viacom board member George Abrams from the seven-person trust that will control the shares after Redstone exits. In the statement, Redstone said he will apply "the same deliberation and consideration" he used when he removed Dauman and George Abrams as...

  • ANAHEIM, Calif. _ Bridgford Foods Corp. on Friday reported fiscal second-quarter net income of $1.5 million. The Anaheim, California- based company said it had net income of 16 cents per share. Keywords: Bridgford Foods, Earnings Report.

  • Those four words, said on the sidelines of a New York conference, set off a series of events leading to the disclosure of Bayer's confidential, $62 billion bid for Monsanto, the largest all-cash corporate takeover offer on record. The U.S. Securities and Exchange Commission has strict disclosure rules to protect investors from being misled by companies.

  • RED BANK, N.J. _ North European Oil Royalty Trust on Friday reported fiscal second-quarter net income of $2.1 million. North European Oil Royalty shares have increased 20 percent since the beginning of the year. Keywords: North European Oil Royalty, Earnings Report.

  • May 27- New Jersey Governor Chris Christie on Friday signed into law a package of legislation that provides distressed gambling hub Atlantic City with immediate cash help but also a potential state takeover if the city cannot fix its finances. The legislation "embraces my demand that Atlantic City immediately account for every dollar it receives and spends,...

  • MEXICO CITY— Under rule changes by the U.S. Department of Agriculture all of Mexico can get in on filling the seemingly insatiable appetite for avocados north of the border. The U.S. embassy in Mexico said in a statement Friday that the USDA's Animal and Plant Health Inspection Service was amending regulations to allow the importation of Hass avocados from all...

  • May 27- Wall Street rose on Friday and capped off its strongest week since March after U.S. "As we look at our place in the global economy, things just seem to be improving to a point where it certainly looks likely that June or July will be the next launching point," said Paul Springmeyer, portfolio manager at the Private Client Reserve of U.S. Bank.

  • WASHINGTON, May 27- The Obama administration on Friday asked the World Trade Organization to establish a dispute settlement panel to rule on U.S. claims that China is unfairly continuing anti-dumping duties on U.S. broiler chicken products. China first imposed the duties on chicken imports from the United States in 2010 on grounds they were priced below fair...

  • Arthur S. Demoulas sold his stake in the Market Basket chain in 2014 after a protest by workers upset that a board controlled by him fired his cousin Arthur T. Demoulas. Last week, Arthur S. Demoulas and his sister-in-law filed a lawsuit alleging they've been excluded from involvement in an IRS audit of the chain of 76 stores in Massachusetts, New Hampshire and Maine.