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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.
The Daily Agenda: The Week Ahead, May 26 – 29, 2015  Institutional Investor
Yellen predicts '15 lift of interest rates  Arkansas Online
Wall Street Journal  
Report: Justice Finds Criminal Wrongdoing In GM Ignition Switch Case
The Justice Department has found criminal wrongdoing in General Motors' General Motors' actions related to its ignition defects, and is negotiating what is expected to be a record penalty, The New York Times reported Friday.
Probe into General Motors recall uncovers 'criminal wrongdoing': Report  Economic Times
GM Ignition Switch Case – Justice Department finds criminal wrongdoing by GM  Times Gazette
China's Hanergy undone in a few minutes of frantic trading
HONG KONG Not long after Hanergy Thin Film Power Group began its annual shareholder meeting at a plush Hong Kong hotel this week, the Chinese solar company's shares went into free fall.
Hanergy Investors Get Burned  Barron's
China's richest man bet his company's shares would fall  CNNMoney
California May Put a Big Ban on Tiny Microbeads
California may become one of the states that ban microbeads. The State Assembly has just approved a bill to ban the use of these tiny environment threats in cosmetic products.
California takes step to ban the use of microbeads  Bend Bulletin
Fighting Pollution From Microbeads Used in Soaps and Creams  New York Times
Bank of England confirms EU exit research after email misfire
LONDON The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project.
Owen Paterson: leaving European Union could increase prosperity and boost jobs
Email blunder reveals secret Bank Brexit study  Channel 4 News
California oil slick now thinner than a coat of paint, harder to skim from choppy ...
LOS ANGELES -- A 16-square-kilometre 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.
Refugio oil spill: What you need to know  Knoxville News Sentinel
California oil spill harder to clean up in choppy waters  Phys.Org
Microsoft, Salesforce Talks Reportedly Fell Through on Pricing
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 tried to buy Salesforce for $55B, report says  CNET
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
Credit card deal with Target off  Fort Wayne Journal Gazette
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.
Dispute at the West Coast has been resolved. New deal and contract is in play  The Standard Daily
Union Ratifies West Coast Deal as Container Freight Returns to Normal  The Handy Shipping Guide
Alpha Natural idles more central Appalachian mines (ANR)
Alpha Natural Resources (ANR -2.5%) says it is idling mining and processing operations at its Rockspring Development's Camp Creek underground coal mine and plant in West Virginia, resulting in the loss of nearly 450 jobs.
Murray Energy expects more than 1800 coal mine layoffs