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U.S. markets news

Tesla to unveil new product likely a battery next month
DETROIT: Tesla Motors says it will reveal a new product next month, but it's not a car. CEO Elon Musk tweeted Monday that "a major new Tesla product line'' will be revealed April 30.
Tesla's Elon Musk tweet about new product drives shares higher  Irish Independent
Elon Musk's $1bn tweet: news of secret product line sees Tesla shares soar  Telegraph.co.uk
Reuters  
It's Normal That UK GDP Is Still Below Pre-Crisis Levels
We've just had the revisions for the latest set of GDP figures for the UK and they show that the UK GDP is rising strongly, at 0.5% (note that UK figures are reported as a quarterly number, while US figures are an annual rate from that quarter) per capita.
U.K. Economy Grows More Than Estimated on Consumers, Exports  Bloomberg
UK growth revised higher at end of 2014, boosted by exports  Reuters
Greece worries compound euro's record quarterly fall
The euro remained on track for its biggest quarterly fall and European shares for their best first quarter of the euro era on Tuesday as worries about Greece's finances kept the single currency under pressure.
Analysis - How Grexit bill could dig deep into ECB pockets  Reuters UK
GRAPHIC-Shanghai shares top performer in hectic first quarter  Reuters
Turkey Investigates Cause of Worst Power Outages in 15 Years
Parts of the metrobus system are shut down following a major power outage in Istanbul. Photographer: Bulent Doruk/Anadolu Agency/Getty Images.
Massive power outage hits much of Turkey, affects air traffic control  CNN
Turkey power cut hits big cities  BBC News
China announces plans for deposit insurance in bank reform
China announced plans on Tuesday to roll out its first deposit insurance in May as part of steps to make the state-owned banking industry more flexible and competitive.
China to Insure Deposits in Move Toward Scrapping Rate Controls  Bloomberg
China to introduce bank deposit insurance from May: Sources  Economic Times
UPDATE 4-Philips sells 80 pct of lighting components unit for $2.8 bln
(Adds advisors, paragraph 5). By Toby Sterling. AMSTERDAM, March 31 (Reuters) - Philips has agreed to sell an 80.1 percent stake in its lighting components division for $2.8 billion to Go Scale Capital, a technology fund that will seek to expand the ...
Philips to sell 80.1% stake in LED components biz for $2.8bn  Business Standard
Philips to Sell Controlling Stake in LED Business for Up to $2.9 Billion  New York Times
Amazon's Services Include The Kitchen Sink
Who ya gonna email when you need a gutter cleaned, iPad fixed or interior designed? Who else? Amazon hopes. ´┐ŻNow you can buy a sink on Amazon and hire someone to come and install it.
Money Issues: Amazon launches "Home Services"  KYTX
Amazon customers soon able to purchase services online  MyFoxOrlando.com
EU Dairy Farmers Rally to Protest Removal of Milk Quotas
BRUSSELS - Dairy farmers have hit the streets of Brussels to protest the lifting of European Union milk quotas amid concerns the move will flood the market with cheap surplus milk.
'Opportunities' from end of milk quotas  WalesOnline
End of an era as milk quota regime is set to end  Farming Life
CBRE to purchase Johnson Controls' Global WorkPlace Solutions business for ...
MILWAUKEE, March 31, 2015 /PRNewswire/ -- Johnson Controls, Inc. JCI, +1.53% announced today it has reached a definitive agreement for the sale of its Global WorkPlace Solutions (GWS) business to CBRE Group, Inc., for $1.475 billion.
CBRE to Buy Johnson Control Unit for $1.48 Billion  Wall Street Journal
Last-minute tax moves
The heat is on. With the April 15 deadline less than three weeks away, taxpayers have filed just over half of the 150 million returns expected this year.
Tax tips for last minute filers  Atlanta Journal Constitution (blog)
THIS letter from the IRS is legit  Waterbury Republican American