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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  Northwest Arkansas News
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 May 23 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
Li Hejun, a solar billionaire feels the heat  Financial Times
Federal authorities issue corrective action order against Plains Pipeline
On Friday, federal authorities have issued a corrective action order against Plains Pipeline. It is the company, which was responsible for a pipeline rupture in Santa Barbara County, Calif.
California oil slick now thinner than a coat of paint, harder to skim from ...  CTV News
Refugio oil spill: What you need to know  Knoxville News Sentinel
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 Corporation Reportedly Ready to Buy Salesforce With $55 Billion  Guardian Liberty Voice
Target and MasterCard scrap Deal to Settle Claims of Data Breach
A deal between retail company Target and financial services company MasterCard has been scrapped to resolve lawsuits stemming from the Target's data breach in 2013.
Target and MasterCard's $19M Deal to Compensate Data Breach Losses Falls ...  Trinity News Daily
Banks void $19M Target settlement  NWAOnline
Union dockworkers ratify labor contract for US West Coast ports
LOS ANGELES May 22 Union dockworkers at all 29 U.S. West Coast ports have voted overwhelmingly to ratify a contract agreement reached in February with shipping companies and terminal operators to end months of labor strife that snarled trans-Pacific ...
Dockworkers union ratifies 5-year contract  The Register-Guard
Final resolution for West Coast port troubles  USA TODAY
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.
Fighting Pollution From Microbeads Used in Soaps and Creams  New York Times
California Assembly advances ban on microbeads in cosmetics  SFGate
Coal-mine companies expect 2267 layoffs
The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m.
Murray Energy Confirms Layoffs  Nasdaq
State's April jobless rate dips slightly to 6.3 percent
SACRAMENTO - California's unemployment rate dipped slightly in April to 6.3 percent as the economic recovery created nearly 30,000 new jobs.
Pennsylvania shows biggest 1-month jobs gain since 1990s  Centre Daily Times