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U.S. markets news

Yellen says Fed on course for 2015 rate rise
A first-quarter economic chill won't deter the Federal Reserve from its plan to raise interest rates this year, chair Janet Yellen said, assuring investors the pace of subsequent tightening would be gradual.
Chairwoman Expects Fed to Raise Key Interest Rate This Year  Valley News
Treasuries Head for Monthly Loss as Yellen Readies Rate Increase  Bloomberg
Inquiry into GM ignition defect said to find criminal wrongdoing
As investigation draws to a close, prosecutors are said to be negotiating a penalty that is likely to eclipse the $1.2 billion paid last year by Toyota.
Feds say GM acted criminally by hiding ignition defect  New York Post
GM inquiry said to find criminal wrongdoing  Miami Herald
China's Hanergy chairman sold some shares before stock plunge
HONG KONG May 23 The chairman of China's Hanergy Thin Film, which saw its shares tumble nearly 50 percent on Wednesday before trading was halted, had sold some shares before the plunge, Hong Kong stock exchange filings showed.
Hanergy Investors Get Burned  Barron's
Hanergy: Bulk of Stock Collapse Occurred in Less Than a Second  Wall Street Journal
Tally of oil-soaked wildlife, alive and dead, mounts in California
LOS ANGELES The carcasses of five petroleum-soaked pelicans have been recovered from California's Santa Barbara coastline, the first apparent sea bird fatalities stemming from the oil spill to be documented by officials overseeing the disaster response.
California oil spill a reminder of coastal tourism industry vulnerabilities  OCRegister
California beach cleaned up after oil spill  Sky News Australia
Here's why Microsoft didn't buy Salesforce
Microsoft Corp and Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter.
Microsoft's deal talks with Salesforce failed over $15bn price gap  International Business Times UK
Microsoft almost acquired Salesforce, negotiations have ended  Market Business News
Final resolution for West Coast port troubles
SAN FRANCISCO - With the ratification of a new agreement with the Longshoremen on Friday, the 11-month disagreement that slowed West Coast ports has finally ended.
West Coast dockworkers union ratifies 5-year contract  Kansas City Star
West Coast Port Workers Ratify Five-Year Labor Contract  Wall Street Journal
Deere adjusts to low ag sales worldwide
Sales fell 25 percent for the quarter and 26 percent for six months. Operating profit was $639 million for the quarter and $907 million year-to-date, which compared with $1.229 billion and $2.026 billion, respectively, last year.
Deere Profit Falls as Equipment Sales Drop -- 3rd Update  Nasdaq
Deere Ups Profit View As Construction Offsets Weak Ag DE CAT  Investor's Business Daily
Briefcase: Target, MasterCard settlement scrapped
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Credit card deal with Target off  Fort Wayne Journal Gazette
MasterCard, Target fail to reach settlement on 2013 data breach  Grand Forks Herald
50 million gallons of water lost after California dam vandalized: newspaper
SAN FRANCISCO Some 50 million gallons of water were lost after an act of vandalism damaged an inflatable dam near San Francisco, the local Oakland Tribune newspaper reported on Friday.
Nearly 50M Gallons of Water Lost After Dam is Vandalized  KOLO
About 50 million gallons of water lost in East Bay vandalism attack  KTVU San Francisco
California takes step to ban the use of microbeads
Microbeads are tiny plastic balls used in face washes, moisturizers and toothpaste, which activists say wind up in the nation's lakes and rivers.
Fighting Pollution From Microbeads Used in Soaps and Creams  New York Times
California Assembly advances ban on microbeads in cosmetics  U-T San Diego