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Yellen tone suggests choppiness for markets ahead

NEW YORK - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.

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South Korea seeks deeper cooperation with Japan on China-led AIIB

TOKYO - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.

China, Japan, South Korea 3:43am EDT

Justice Department finds criminal wrongdoing in GM ignition switch defect: NYT

WASHINGTON - U.S. Justice Department investigators have identified criminal wrongdoing in General Motors Co's failure to disclose a defective ignition switch, and they are negotiating what is expected to be a record penalty, the New York Times reported on Friday.

Exclusive: Altice seeks financing for Time Warner Cable bid: sources

SAN FRANCISCO/LONDON - French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter.

22 May 2015

Firmer underlying inflation keeps Fed on rate hike path

WASHINGTON - Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. | Video

22 May 2015

Germany, France usher Greece back to negotiating table

RIGA - European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles.

22 May 2015

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