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Yellen predicts '15 lift of interest rates

Subscriber onlyFederal Reserve Chairman Janet Yellen said Friday she expects to begin raising interest rates later this year -- if the job market improves and the Fed is confident inflation will climb closer toward its target rate. Continue reading...

Banks void $19M Target settlement

Subscriber onlyThe proposed $19 million settlement between MasterCard and Target Corp. over the Minneapolis-based retailer's 2013 data breach has been voided after the pact failed to attract enough support from banks. Continue reading...

Stocks drift lower in light trading

Subscriber onlyThe stock market capped a quiet week of trading on a down note. Continue reading...

Business news in brief

Subscriber onlyEquity fund to buy Frisch's Big Boy chain CINCINNATI -- Frisch's Big Boy restaurants are being sold to a private equity fund, the company announced Friday, ending family ownership of the Cincinnati-based chain that dates to a 1939 drive-thru. Continue reading...

4 weeks' jobless-aid claims drop

Average falls to 15-year low; last week’s applications increase

Subscriber onlyThe average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen. Continue reading...

Sales of existing homes fall 3.3%

Tight supply puts pinch on buyers

Subscriber onlySales of existing U.S. homes slipped in April due mainly to relatively few listings and rising prices, providing evidence of the housing sector's uneven recovery. Continue reading...

McDonald's CEO 'proud' of $1 step

Protesters outside meeting insist hour’s wage go to $15

Subscriber onlyMcDonald's CEO Steve Easterbrook said Thursday he was "incredibly proud" of a recent decision to bump pay for some workers, his comment coming after hundreds of protesters outside called on the company to do more ahead of its annual shareholder meeting. Continue reading...

Dollar Tree to sell 330 Family Dollars

Subscriber onlyDollar Tree expects to reach a deal in the coming days to sell about 330 Family Dollar stores to receive approval of its $8.5 billion acquisition of Family Dollar. Continue reading...

Market gains on strength of oil

Subscriber onlyThe stock market eked out another record close Thursday as rising oil prices boosted energy stocks. Continue reading...

Business news in brief

Subscriber onlyLumber Liquidators' CEO quits abruptly Lumber Liquidators, under scrutiny for months as it faces accusations that it sold products with dangerous levels of formaldehyde, said Thursday that its chief executive had left the company. Continue reading...

House subpoenas Fed on '12 breach

Subscriber onlyU.S. House Financial Services Committee Chairman Jeb Hensarling subpoenaed the Federal Reserve seeking documents related to a 2012 information leak involving the central bank. Continue reading...

Six banks to pay $5.8B in U.S. currency probe

Subscriber onlySix of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Continue reading...

California farms offer water deal

Group proposes voluntary 25% cut to avert bigger losses

Subscriber onlyA group of California farmers, in a surprising turnaround, is volunteering to give up a fourth of its available water this year, sharing a resource all but guaranteed to them for more than a century. Continue reading...

Godzilla breathes fire into lawsuit

Creator says U.S. studio’s promotions violate copyright

Subscriber onlyJapanese movie studio Toho Co. said Wednesday it is suing Voltage Pictures and a director in a lawsuit complaining that promotions of a forthcoming film infringe on its copyright to Godzilla. Continue reading...

Analysts say June rate rise unlikely

Fed’s minutes gleaned for clues

Subscriber onlyFederal Reserve policymakers largely agreed when they met last month that it would be too early to start raising interest rates in June, as they debated whether the economy's winter weakness would fade or persist. Continue reading...