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U.S. markets news

Kudlow: Yellen's taking rates back to the 1950s
Janet Yellen told us last week that the Fed-funds target rate will be raised slightly later this year. But after that, future rate hikes will be small and gradual over the next several years.
Yellen says rate hike likely by year-end  Taipei Times
Fed on track to hike rates as economic headwinds wane - Yellen  Reuters
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GM Is Set to Face Criminal Charges Over Ignition Switches
Federal prosecutors are closing in on criminal charges against General Motors Co. GM 0.34 % over a faulty ignition switch linked to more than 100 deaths, but they are still weighing whether to charge individual employees, according to people familiar with the ...
Feds find criminal wrongdoing in GM ignition switch defect  MSNBC
Justice department says General Motors acted criminally as Justice finds ...  Benchmark Reporter
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 votes to ban plastic microbeads  Al Jazeera America
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
Microsoft, Salesforce talks shockingly collapse
Microsoft had been willing to shell out a whopping $55 billion for the sales software company, but talks fell apart when that wasn't good enough for Salesforce.
Microsoft's biggest takeover bid of $55 billion rejected by Salesforce ...  The Standard Daily
Microsoft talks on Salesforce falls on price negotiations  Benchmark Reporter
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 ...
Final resolution for West Coast port troubles  USA TODAY
Dispute at the West Coast has been resolved. New deal and contract is in play  The Standard Daily
California oil spill difficult to clean in choppy waters, officials say
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 on Friday as more dead animals were discovered.
Sea urchin haven disturbed by Santa Barbara oil spill  Reuters
Sea lion covered in crude oil from CA pipeline leak being treated by SeaWorld  Examiner.com
Peru Declares Emergency in Islay After Fourth Death in Protests
Peru declared the coastal province of Islay in emergency after two months of protests against the construction of Southern Copper Corp.
Peru Declares 2-Month Martial Law in Area of Disputed Copper Mine  Wall Street Journal
State of emergency declared in Peru province after fresh anti-mining clashes  Fox News Latino
Fallen Through – Banks Reject MasterCard, Target Settlement over Data Breach
Fallen Through - Banks Reject MasterCard, Target Settlement over Data Breach MasterCard announced Thursday that a planned settlement that would have involved the card issuer and retailer Target paying financial institutions $19 million over a 2013 data ...
Target and MasterCard scrap Deal to Settle Claims of Data Breach  NY City News
Target and MasterCard's $19M Deal to Compensate Data Breach Losses Falls ...  Trinity News Daily
Local labor numbers up from March, but down from year ago
The unemployment rate for Hutchinson improved from March to April, though total employment levels were off more than 4 percent from this time last year, Kansas Labor Department figures show.
Nearly 30K New Jobs Drops California Unemployment Rate To 6.3 Percent  CBS Local
Pa. has biggest 1-month jobs gain since 1990s  Titusville Herald