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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.
Yellen predicts '15 lift of interest rates  NWAOnline
Rate hike appropriate this yr if economy improves: Yellen  Moneycontrol.com
Valley News  
GM Ignition Switch Case – Justice Department finds criminal wrongdoing by GM
According to reports appearing in New York Times on Friday night, some 104 lives have so far been lost because of criminal wrong doing by General Motors when they failed to disclose an ignition switch defect.
Inquiry into GM ignition defect said to find criminal wrongdoing  The Seattle Times
Feds say GM acted criminally by hiding ignition defect  New York Post
Here's why Microsoft didn't buy Salesforce
Microsoft Corp and Salesforce.com 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
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 jumps after lifting profit forecast  Financial Times
Master card to launch three cards with Bank of India
Master-card-to-launch-three-cards-with-Bank- Master card to launch three cards with Bank of India. State-run lender Bank of India tied up with MasterCard Friday to launch three new cards and also two new banking solutions for its card holders.
Briefcase: Target, MasterCard settlement scrapped  The Spokesman Review
Bank of India ties up with MasterCard to launch three cards  Moneycontrol.com
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 Port Workers Ratify Five-Year Labor Contract  Wall Street Journal
Union Ratifies West Coast Deal as Container Freight Returns to Normal  The Handy Shipping Guide
UPDATE 1-Large French supermarkets face ban on throwing away food
(Adds background). PARIS/LONDON May 22 (Reuters) - France is cracking down on food waste with legislation banning big supermarkets from destroying unsold but edible food on pain of fines and even jail sentences.
France cracks down on food waste  Salt Lake Tribune
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  Washington Times
Nearly 30K New Jobs Drops California Unemployment Rate To 6.3 Percent
LOS ANGELES (CBS/AP) - California's unemployment rate dipped slightly in April to 6.3 percent as the economic recovery created nearly 30,000 new jobs.
California jobless rate falls to 6.3% in April; employers add 29500 jobs  Los Angeles Times
California oil spill harder to clean up in choppy waters
A 10-square-mile oil slick off the California coast is thinner than a coat of paint and it's becoming harder to skim from choppy waters, officials said as more dead animals were discovered.
Tally of oil-soaked wildlife, alive and dead, mounts in California  Reuters
California oil spill a reminder of coastal tourism industry vulnerabilities  OCRegister