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U.S. markets news

GLOBAL MARKETS-Stock indexes up slightly as Portugal fears ebb; oil down ...
(Updates to close of U.S. markets, adds investor comment). By Sam Forgione. NEW YORK, July 11 (Reuters) - Major global equities markets edged higher and the yen stabilized against the U.S.
GLOBAL MARKETS-Stock indexes flat as Portugal fears ease; oil down sharply  Bignews Portugal
Asia muted, hopes European stocks stabilise  Economic Times
Bloomberg   Related articles »  
CalPERS Ex-CEO Buenrostro Guilty Plea Explains Why Bankers Make So Much ...
The ex-CEO of CalPERS, Fred Buenrostro, has just pleaded guilty to accepting doucers, cash bribes and fees for placing investment business with a specific firm.
Former CalPERS CEO Fred Buenrostro Pleads Guilty To Corruption Conspiracy  Sierra Sun Times
Former CEO of CalPERS pleads guilty to fraud, corruption charge  Los Angeles Times
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Amazon asks FAA for permission to test its delivery drones
Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
Amazon wants to test delivery drones outdoors  South Bend Tribune
Amazon asks FAA for permission to fly drones  Houston Chronicle
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Donald Trump says he has 'nothing to do with' closing of Atlantic City's Trump ...
When it comes to Atlantic City's casino mess, don't put The Blame on The Donald. Billionaire Donald Trump said Saturday that the imminent closing of the Trump Plaza casino in A.C.
ATLANTIC CITY IS DOOMED � But It's Still A Fun Place To Visit!  Macon Chronicle-Herald
More Atlantic City Woes: Trump Plaza Hotel Casino Could Close in September  SavingAdvice.com
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Scone-makers delighted as decade-long fad for cupcakes has lost novelty factor
Lauren Coleman-Lochner. Published 13/07/2014|00:00. 0 Comments; Share. HARD TO SWALLOW: Demand for cupcakes is on a downward spiral.
Crumbs lives to bake another day  Boston Business Journal
Crumbs to be reopened by local investor  CLTV
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No revenue, no assets, yet worth US$billions: stock regulators pull plug on social ...
Financial regulators in the US suspended trading in a social-networking company with no assets, no revenues and one employee, whose value on the stock market soared to US$6 billion in a matter of weeks.
SEC Suspends Cynk Technology Stock; But Which Way Was The Manipulation ...  Forbes
CYNK Technology Corp (OTCMKTS:CYNK) Was The Surprised Pick For The Week  Market News Call
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Despite Earlier Loss, UAW Creates Union at VW Plant
A majority of the workers at the Volkswagen plant in Chattanooga, Tenn., voted in February against joining the United Automobile Workers.
UAW Starts Recruitment of VW Workers Who Rejected Union  Bloomberg
Collusion Between VW And UAW Is A Threat To Employee Freedom - And ...  The Chattanoogan
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German-US car parts tie-up could spark more deals: analysts
FRANKFURT/BERLIN (Reuters) - German car parts maker ZF Friedrichshafen's takeover offer for rival TRW looks unlikely to draw rival bids for the U.S.
German Auto-Parts Maker Launches Takeover Bid of TRW Automotive  Wall Street Journal
Huge auto supplier TRW gets surprise buyout bid  USA TODAY
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Cost Cutting at Wells Fargo Stalls
On Friday, Wells Fargo & Co posted an increase in net income of 3.8%, but its shares were down 0.7% as a key lending profitability measure declined and the cost-cutting programs at the bank stalled.
Wells Fargo profit increases 3.8% as home lending regains traction  Los Angeles Times
Wells Fargo Profit Rises Despite Drop in Revenue  New York Times
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UPDATE 8-Brent hits three-month lows on easing geopolitical risk
... * Brent hits 3-month low, U.S. reaches 2-month lows. * Both benchmarks on track to third week of losses. * Markets well supplied but risk "extraordinarily high" -IEA (Updates prices to settlement; adds Brent-WTI spread).
Oil clobbered by fading Mideast fears; racks up 3rd week of losses  CNBC.com
Oil prices plunge as Libyan supplies ramp up  Channel News Asia
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