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U.S. markets news

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
New York Times  
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 Says Fed Hike Probably Appropriate in 'Coming Months'  Bloomberg
Why a Fed interest rate hike next month is looking increasingly likely  Los Angeles Times
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 Directors Prepare For Sumner Redstone Move To Replace Them: Report  Deadline
Organic Food Supplier SunOpta Jumps as Activist Urges Change  Bloomberg
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
UPDATE 1-US Air Force, Boeing announce KC-46 tanker delay  Reuters
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: Thermo Fisher's Acquisition of FEI Company Within Expectations ...  Business Wire (press release)
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.
Ulta Salon, Cosmetics & Fragrance Inc. Posts Record Sales Growth  Motley Fool
Wall Street is blown away by this red-hot retailer  Yahoo Finance
Big Lots: A Growth Play I Want You To Know About
Q1 earnings are out and the name looks to be back on its growth path. 11% of the float has been reduced, comps are strong and the name may finally be more than a trader's stock.
Big Lots Inc. Posts Highest Quarterly Growth Pace Since 2011  Motley Fool
Big Lots Profit Rises 20%, Boosts Guidance  Wall Street Journal
US Consumer Sentiment Index at Highest Level in 11 Months
Americans are more confident than at any time in almost a year, as cheap gasoline, low interest rates and a rebound in stocks boost the economy's prospects.
Politics|US Consumer Sentiment Up in May to Highest in Nearly a Year  New York Times
Consumer sentiment increased less than forecast in May  Chicago Tribune