The U.S. economy's first-quarter slowdown was less pronounced than initially thought while corporate profits rebounded, amid signs of stronger growth in the spring months.
Atlanta traffic. Gasoline prices are about 50 cents lower this weekend compared with last year. Credit John Bazemore/Associated Press.
(Updates prices, adds comments; changes byline, dateline, pvs LONDON). * Dollar stronger on rate hike speculation. * Fed Chair Yellen to speak on Friday.
Metro Atlanta unemployment rate for April was 4.8 percent, which is down four-tenths of a percentage point from 5.2 percent in March, according to Georgia Department of Labor.
... *** Thermo Fisher Scientific Inc. (NYSE: TMO) and FEI (Nasdaq: FEIC) announced that their boards of directors have unanimously approved Thermo Fisher's acquisition of FEI for $107.50 per share in cash.