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U.S. markets news

Yellen says risks from low interest rates are 'moderate'
WASHINGTON - Federal Reserve Chair Janet Yellen said Wednesday that stock values are "quite high" but don't pose excessive risk to the economy and financial system.
Yellen Says Stock Valuations Are 'Quite High,' Bond Yields Low  Bloomberg
Yellen says bank regulators making progress in reforms  seattlepi.com
MarketWatch  
EU announces raft of plans to strengthen, unify digital market to better compete ...
European Commissioner for Digital Single Market Andrus Ansip speaks during a media conference at EU headquarters in Brussels on Wednesday, May 6, 2015.
EU helping tech firms compete with U.S. giants  Salt Lake Tribune
EU Commission opens e-commerce anti-trust probe  Taipei Times
ADP Jobs Report Came In Below Estimates - Economic Highlights
adds to other recent economic readings that show that the Q1 slowdown has continued into the current period as well. We will know more after Friday's government jobs report, but consensus expectations of a Spring rebound in the U.S.
US private sector adds far fewer jobs than expected in April: ADP  Uncover Michigan
ADP Report: 169000 Jobs Added in April  KMBZ
U.S. Productivity Slumps 1.9% In First Quarter
WASHINGTON - U.S. productivity in the first quarter fell by a 1.9% annual pace, resulting in the first back-to-back drop since 2006.
US productivity drops by 1.9 percent during first quarter  Uncover California
US Labor Cost Rises and Productivity Falls in Opening Quarter; Private ...  Benchmark Reporter
Salesforce Shares Pop on Rumors Microsoft May Be a Bidder
Salesforce (CRM) shares popped on rumors that Microsoft (MSFT) is mulling a bid for the cloud computing company. Bloomberg reported that Microsoft swooped in to potentially make a bid for Salesforce after reports last week that the company had hired ...
Microsoft for Salesforce? Merrill Sees Upside to $92; Hard to See, Says ...  Barron's (blog)
Microsoft Corporation Reaching New Heights Under Satya Nadella  Bidness ETC
FAA Joins With CNN, BNSF to Study Drone Flights
The Federal Aviation Administration is joining with companies including CNN and BNSF Railway Co. to study how to allow drone flights in urban areas and beyond the sight of the devices' operators, the agency said on Wednesday, in a sign of greater ...
UPDATE 1-FAA partners with BNSF Railway, PrecisionHawk on drones  Reuters
Three Quick Takes On FAA Partnership With CNN, PrecisionHawk And BNSF ...  Forbes
US stocks falling after weak jobs data; oil prices rise
NEW YORK (AP) - U.S. stocks fell broadly in noon trading Wednesday after the release of weak U.S. economic reports. Yields on U.S government bond yields rose to their highest level in two months and oil prices continued to climb.
US stocks slipping after weak economic data; oil prices rise  Hickory Daily Record
UPDATE 3-Alexion bolsters rare disease drugs business with $8.4 bln deal
... * Alexion offers $225.92 per Synageva share in cash and stock. * Offer represents premium of 135.7 pct to Synageva's close.
Alexion to Buy Synageva for $8.4 Billion  Wall Street Journal
Alexion to Buy Synageva BioPharma in $8.4 Billion Deal  New York Times
T. Rowe Price Names William Stromberg as CEO Replacing Kennedy
T. Rowe Price Group Inc. named William Stromberg, a 28-year veteran of the company, as chief executive officer to replace James A.C.
T. Rowe Price CEO to retire, replacement named  Baltimore Sun
UPDATE 3-Wendy's revamped restaurants drive comparable sales beat
... * To sell bakery business this month. * Raises number of U.S. outlets it plans to sell this year. * First-qtr same-restaurant sales up 3.2 pct vs est.
Wendy's (WEN) Stock Gains Today on Mixed Earnings, Asset Sale  TheStreet.com
Wendy's (WEN) Beats Q1 Earnings, Revenues Miss - Tale of the Tape  Nasdaq