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US stocks ease in midday trade, day after Nasdaq record

NEW YORK- Stocks are moderately lower in midday trading, a day after the Nasdaq composite closed at a record high. The Dow Jones industrial average was down 81 points, or 0.5 percent, to 18,081 as of 11:45 a.m. Eastern time Thursday. The price of crude oil fell 54 cents to $56.98 a barrel in New York.
Source: The Associated Press
Wall Street's latest takeover: Charity boards

Financiers may be growing too dominant in the nonprofit world, bringing values and priorities that may not be in the best interests of charity, according to a new study.
Source: CNBC.com | By: Robert Frank
J.D. Power buying used auto guides business

NEW YORK- Marketing information company J.D. Power and Associates will buy the National Automobile Dealers Association's used car guide business for an undisclosed amount. J.D. Power is a unit of New York- based McGraw Hill Financial Inc.. "Benchmarks are a key to the McGraw Hill Financial business model and the National Automobile Dealers Association used car...
Source: The Associated Press
FOREX-Dollar rises to 12-1/2-year peak vs yen

*Dollar hits highest vs yen since December 2002. NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last...
Source: Reuters | By: Richard Leong
Long-dated yields edge higher on profit-taking

U.S. Treasury bonds traded flat to higher on Thursday, ahead of an auction of $29 billion in seven-year notes. Ten-year Treasurys yielded 2.1337 percent early during the day.
Source: Reuters
Citigroup CEO defends credit card deal with Costco

NEW YORK, May 28- Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a...
Source: Reuters
Periscope CEO: Our most important metric  

Periscope co-founder and CEO Kayvon Beykpour, discusses the instant success of the platform, the launch on android and the most important metric.
Source: CNBC.com
Atlantic City sues for $3M over failed loan program

As the city fights to overcome an economic downfall, the suit raises questions about why money was fronted to provide loans that banks readily make.
Source: The Associated Press
US gambling market saturated, yet casinos keep on coming

That's the consensus of participants at a major casino conference in Atlantic City. Asked if casino closings outside New Jersey are likely, she said nothing appears imminent, but "of course it's going to happen" if expansion continues at its current pace. "Pennsylvania doesn't care what happens to New Jersey, and New York doesn't care what happens to Pennsylvania,"...
Source: The Associated Press | By: By WAYNE PARRY, Associated Press
Chobani CEO pledges to donate most of wealth

NEW YORK- Chobani founder and CEO Hamdi Ulukaya says he will join some of the world's richest individuals in pledging to give away at least half his wealth, which has been estimated at $1.41 billion. The Turkish-born yogurt entrepreneur is making the commitment as part of The Giving Pledge, which was created by Berkshire Hathaway CEO Warren Buffett and...
Source: The Associated Press | By: By CANDICE CHOI, AP Food Industry Writer