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Whale-finding phone app grows in use, steering mariners away

New England whale watching companies are gearing up for summer, and more than a quarter of the entire North Atlantic right whale population visited Cape Cod Bay this season. That means conditions are perfect to get more mariners and the public on board with protecting whales, said Patrick Ramage, whale program director for the International Fund for Animal...

Source: The Associated Press

Are higher oil prices supported by fundamentals?

The oil market is slowly shifting away from a supply glut and more towards a balanced market, notes IHS Energy Insight's Victor Shum.

Source: CNBC.com

House reverses course on LGBT rights for federal contractors

More than 40 Republicans helped Democrats power the gay rights measure over the opposition of GOP conservatives who dominate the chamber. Conservatives did prevail in a separate vote designed to make sure federal funding isn't taken away from the state of North Carolina over its controversial bathroom law for transgender people. This time, GOP leaders let...

Source: The Associated Press

House reverses course on LGBT rights for federal contractors

More than 40 Republicans helped Democrats power the gay rights measure over the opposition of GOP conservatives who dominate the chamber. Conservatives did prevail in a separate vote designed to make sure federal funding isn't taken away from the state of North Carolina over its controversial bathroom law for transgender people. Then, GOP leaders twisted...

Source: The Associated Press

FOREX-Yen jumps, markets jittery over Japan tax decision, Yellen speech

TOKYO, May 26- The yen surged in early trade on Thursday, chipping away at the recently buoyant dollar as investors looked ahead to a speech by Federal Reserve chief Janet Yellen on whether a rate increase is imminent and on a pending decision on a planned sales tax hike in Japan. Japanese Finance Minister Taro Aso said on Wednesday that he told his G7 counterparts...

Source: Reuters

UPDATE 1-Engie mulls closing Australia's Hazelwood coal-fired power plant

PARIS, May 25- French utility Engie said on Wednesday it is considering the closure or sale of its giant Hazelwood coal-fired power plant in Australia as part of its move away from operating any coal-fired plants. Chief Executive Isabelle Kocher told a French Senate committee on Wednesday that the utility planned a gradual withdrawal from coal-fired power...

Source: Reuters

Whole Foods launches '365'

CNBC's Jane Wells reports from the first Whole Foods 365 store on the grocery chain's push towards affordability and taking market share away from lower-cost competitors.

Source: CNBC.com

Senate votes to scrap catfish inspection program

WASHINGTON— The Senate has voted to scrap a new catfish inspection program that critics have argued is wasteful and unnecessary. The Senate has approved by 55-43 a resolution that would void the regulations, if the House agrees and Obama signs on. Thad Cochran, R- Miss. The law took safety oversight of catfish and other ray-finned fish away from the Food and Drug...

Source: The Associated Press

China's Belle annual profit down 38 pct as consumer taste changes

HONG KONG, May 25- China's Belle International Holdings Ltd said annual net profit fell 38 percent as more and more consumers shift to athleisure products and away from traditional fashion footwear and dress shoes. Net profit declined to 2.93 billion yuan for the year ended in February from 4.76 billion yuan a year ago. "The current predicaments of the group are...

Source: Reuters

UPDATE 1-SEC raises concerns about Valeant's use of "Non-GAAP" measures

The SEC has questioned Valeant's practice of stripping away acquisition-related expenses from its "non-GAAP" or adjusted metrics, given that the drugmaker had been fueling growth through frenzied deal making. In multiple letters, the SEC said Valeant's management is in possession of all the facts and urged for adequate and accurate financial disclosures.

Source: Reuters