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U.S. markets news

Yellen says Fed rate hike likely appropriate in coming months
CAMBRIDGE, Mass. 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.
Yellen: Rate hike "appropriate" in coming months  USA TODAY
Yellen: Rate hike in coming months would be "appropriate"  CBS News
New York Times  
Verizon, unions reach four-year labor contract
Verizon and striking unions have reached a four-year contract and employees will likely return to work next week, labor and union officials say.
One of the biggest strikes in Verizon's history may be coming to an end  Washington Post
UPDATE 2-Verizon and unions reach tentative deal to end strike  Reuters
US economic growth revised higher in first quarter
WASHINGTON 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.
The Economy vs. Earnings: Companies Aren't Winning  Wall Street Journal
US economy picking up steam—beyond the official data  CNBC
Sumner Redstone to put shareholders first in deciding fate of board, CEO
A spokesman for Sumner Redstone wrote in an emailed statement on Friday that the media mogul would act in "the best interests of shareholders," when asked about whether the media mogul will take action to remove Viacom (VIAB.
Viacom's Battle With Sumner Redstone Could Hurt Credit, S&P Says  Deadline
Organic Food Supplier SunOpta Jumps as Activist Urges Change  Bloomberg
Ad tycoon Jean-Claude Decaux, pioneer of self-cleaning public toilets, dies at 78
NEW YORK (CNNMoney) —A French tycoon whose company is credited with starting the first bike-sharing program and making the first self-cleaning public toilet has died at the age of 78.
Jean-Claude Decaux  Financial Times
First Boeing Air Force tankers will be delivered extra late — and incomplete
The KC-46A Pegasus performs its first-ever aerial refueling, passing 1,600 pounds of fuel to an F-16 fighter in January 2015. (Paul Weatherman/Boeing / Paul Weatherman).
Boeing's KC-46 Tanker Will Miss Major Deadline  DefenseNews.com
KC-46s set to arrive at first basing locations by late 2017  Air Force Link
Jobless rates down in 83 Kentucky counties in April
FRANKFORT - Unemployment rates fell in 83 Kentucky counties between April 2015 and April 2016, rose in 33 counties, and remained the same in four (Breathitt, Mason, Metcalfe and Owen), according to the Kentucky Office of Employment and Training.
Latest Jobs Report: Ballard Highest and Calloway Lowest in Region  WKMS
Chattanooga jobless rate falls to 9-year low  Chattanooga Times Free Press
Thermo Fisher Acquisition of FEI Brings "Terrific Complementarity" While FEI ...
Thermo Fisher will pay a 14% premium for the microscope manufacturer, which according to TheStreet's Jim Cramer is an excessive purchase price.
Thermo Fisher to Buy Microscope-Maker FEI for $4.2 Billion  Bloomberg
Fitch Affirms Ratings on Thermo Fisher (TMO) Amid Move to Acquire FEI Co. (FEIC)  StreetInsider.com
Cramer on Ulta Salon's Beautiful Q1 Results
Jim Cramer says that "the better the cellphone screen, the higher the resolution, the stronger Ulta's results will be." Armie Lee.
Wall Street is blown away by this red-hot retailer  Yahoo Finance
ULTA Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) Insider Activities ...  iStreetWire
IRS scam suspects conned victims in at least 21 states
Suspects charged this week in an IRS impersonation scam traveled the country, using dozens of fake names and identifications and collecting millions of dollars in payments wired by unwitting victims from at least 21 states.
IRS Warns of New Scam Involving Bogus Student Tax  Accounting Today
New twist to IRS scam costing Ohioans thousands  Norwalk Reflector