A storm system is projected to dump a record-breaking snow in Kansas City, Missouri, as areas in the central U.S. receive winter precipitation “rare” for the month of May, according to the National Weather Service.
Akamai Technologies Inc., which helps customers deliver online content faster, jumped 18 percent after reporting revenue and profit that topped analysts’ estimates as Internet traffic increased more than expected.
The Standard & Poor’s 500 Index posted its second weekly drop of the year as Cyprus struggled to stave off financial collapse and data on the euro-area economy overshadowed better-than-estimated U.S. reports.
Colorado and Washington are racing to meet deadlines for setting up a framework to regulate the sale of marijuana for recreational use, even as federal authorities weigh the future of the new industry.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to its first eight-day rally since 2004, as companies from Microsoft Corp. to Procter & Gamble Co. posted better-than-estimated earnings. The euro strengthened to an 11-month high while the yen traded at the lowest since 2010.
Alcatel-Lucent, Qualcomm Inc. and Ericsson AB must defend against claims by Liberty Media Corp.’s TruePosition unit that the companies tried to deny it access to the next generation of phone-locator technology, a court ruled.