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Amazon to offer free same-day delivery to Prime members

Amazon says starting Thursday more than 1 million items including books, electronics and vacation gear will be eligible for same-day delivery in 14 metro areas including New York, Los Angeles, the San Francisco Bay Area, Philadelphia, Phoenix and Atlanta. Orders under $35 can still have one day delivery, it just costs $5.99. Previously the service cost $5.99 for...
Source: The Associated Press | By: By MAE ANDERSON, AP Technology Writer
Tech Data beats Street 1Q forecasts

CLEARWATER, Fla. _ Tech Data Corp. on Thursday reported fiscal first-quarter net income of $51.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. Tech Data shares have dropped 3 percent since the beginning of the year.
Source: The Associated Press
Hoegh LNG misses 1Q profit forecasts

HAMILTON, Bermuda _ Hoegh LNG Partners LP on Thursday reported first-quarter earnings of $2.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Source: The Associated Press
Canadian Imperial Bank posts 2Q profit

TORONTO _ Canadian Imperial Bank of Commerce on Thursday reported fiscal second-quarter net income of $728.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share. Canadian Imperial Bank shares have fallen 11 percent since the beginning of the year.
Source: The Associated Press
Wall Street awaits jobless claims; Greece hopes hit

U.S. stock index futures traded lower on Thursday, as hopes faded that a rescue-for-reforms deal for crisis-struck Greece was nearing.
Source: CNBC.com | By: Katy Barnato
UPDATE 1-Fed's Williams says U.S. rate rise likely this year, economy to bounce back

SINGAPORE, May 28- San Francisco Fed President John Williams said on Thursday the Fed was likely to raise interest rates later this year, adding that he expects above-trend U.S. growth for the rest of 2015 after a weak first quarter. Asked by reporters in Singapore about the possible timing of a U.S. rate hike, Williams said the subject is "on the table" at every meeting...
Source: Reuters | By: Masayuki Kitano and Saeed Azhar
Wary of 'dangerous cocktail,' markets watch data

With an eye on the dollar and rates, traders are watching pending home sales and weekly jobless claims data Thursday.
Source: CNBC.com | By: Patti Domm
UPDATE 2-No 2 offshore oil driller Seadrill sees industry pain through 2016

OSLO, May 28- Seadrill, the world's second biggest offshore oil driller, predicted years of pain for the global rig market on Thursday as energy companies continue to pare spending despite a recent lift in oil prices. It reported first-quarter core earnings, or EBITDA, of $711 million, beating expectations for $638 million. "Drillers are in a something like...
Source: Reuters
This currency is tanking-and the worst may be ahead

The Kenyan shilling is sliding, attracting the attention of global investors. And the move may presage more global currency pain ahead.
Source: CNBC.com | By: Alex Rosenberg
Amazon sees Wal-Mart's bet, raises ante

Amazon Prime members living in more than a dozen metropolitan areas will no longer have to wait two days to score free shipping on their orders.
Source: CNBC.com | By: Krystina Gustafson