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U.S. markets news

US Consumer Spending Climbed at Fastest Pace in Nearly Seven Years
WASHINGTON—Consumer spending advanced at the fastest pace in nearly seven years in April, the latest sign of stronger economic growth following a sluggish start to the year.
US consumer spending surges; inflation creeping up  Reuters
US consumer spending scores biggest jump in 6 years  Washington Post
Christian Science Monitor  
India's economic growth surges in March quarter
NEW DELHI India gathered momentum in the March quarter to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week.
Canada's First-Quarter Growth Falls Short of Expectations  Wall Street Journal
Canada Economy Fades Through 1st Quarter as Investment Falls  Bloomberg
Great Plains to Acquire Westar for $8.6B
The deal, which had been rumored, is expected to create long-term value for shareholders and cut costs for customers. Gregory Morcroft.
Great Plains Energy to buy Westar for about $8.6 billion  Washington Post
WESTAR ENERGY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces ...  Business Wire (press release)
Verizon's striking wireline employees will return to work Wednesday
Verizon's (NYSE: VZ) wireline workers represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) will return to work on Wednesday, June 1 after reaching a tentative agreement with the ...
Striking Verizon workers to return Wednesday; deal inked  Times Herald-Record
Verizon Drops Wireline Clues as Strike Ends  Light Reading
US Home Price Growth Remained Robust in March, Case-Shiller Says
Home prices rose strongly in March, the latest sign the housing market has momentum heading into the critical spring selling season.
Home Prices Climbed 5.2% In March, Says S&P/Case-Shiller  Forbes
Your home price is out-pacing the nation's (if you're average)  Atlanta Journal Constitution
Oil up as US summer draws beckon; set for fourth month of gains
NEW YORK Oil prices rose on Tuesday, heading for the four straight monthly gain, with investors betting on higher U.S. fuel demand as peak driving season arrived in the No.
Oil Set for Longest Run of Gains in 5 Years Before OPEC Meets  Bloomberg
Midday Report: Wall St. Is Mixed as Investors Weigh Economic Data  New York Times
Starbucks aims to rule cold coffee market with launch of nitro cold brew
Starbucks plans to start tapping kegs this summer - for coffee. The Seattle-based coffee company said Tuesday it will introduce nitro cold brew in stores as it aims to capitalize on the explosive growth in iced coffee drinks.
Starbucks Is Taking This Hot Trend in Coffee to the Next Level  Fortune
Starbucks Introduces Nitro Coffee  CNBC
Carl Icahn acquires 'large position' in Allergan, backs CEO
Billionaire investor Carl Icahn said on Tuesday he had acquired a "large position" in Botox-maker Allergan Plc (AGN.N) and that he was very supportive of Chief Executive Officer Brent Saunders.
Icahn Strikes Again  Seeking Alpha
Icahn Bets on Allergan's Brett Saunders in Post-Pfizer Era  TheStreet.com
US consumer confidence slips in May
In this photo taken Thursday, Nov. 5, 2015, salesperson Andrew Montalvo, left, talks to customer who checks out the interior of a Grand Cherokee Limited in Doral, Fla.
US Consumer Confidence Declined in May, Clouding Outlook  Wall Street Journal
US Consumer Confidence Declined, Clouding Outlook--3rd Update  Nasdaq
Cliffs Natural in Deal to Supply ArcelorMittal
Cliffs Natural Resources Inc. CLF 33.55 % said it reached a 10-year agreement to supply steel giant ArcelorMittal MT 4.03 % with iron-ore pellets.
Cliffs Natural Resources Inc. and ArcelorMittal USA LLC Enter Into New Long ...  Junior Mining Network
ArcelorMittal (MT) Stock Advancing on Cliffs Natural Deal  TheStreet.com