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U.S. markets news

Washington Headed For Gridlock On Federal Business Tax Incentives
Politics makes economics so complicated. The Obama administration said Thursday that it �strongly opposes� a measure pending in Congress that would permanently extend a corporate tax break on bonus depreciation.
House Passes Permanent Depreciation Tax Break  Wall Street Journal
Faster Tax Write-Offs for Equipment Purchases Pass House  Bloomberg   Related articles »  
UPDATE 4-US cigarette maker Reynolds in talks to buy rival Lorillard
... * BAT expects to buy Reynolds shares to keep current stake. * Imperial lining up about $7 bln to buy some brands-source. * Reynolds, Lorillard marriage seen making $500 mln savings.
A look at tobacco cos Reynolds American, Lorillard  Washington Post
US tobacco firms Reynolds American Inc, Lorillard in merger talks  Economic Times
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Espirito Santo Shows European Bank Regulators' Scrutiny Working
Customers use automated teller machines (ATM) outside a Banco Espirito Santo SA bank branch in Lisbon. Photographer: Mario Proenca/Bloomberg.
The tests posed by Espirito Santo  Financial Times
European shares steady as Portuguese rout pauses  Reuters
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Amazon Hits the Skies: Tech Winners & Losers
NEW YORK (TheStreet) �� (AMZN) shares spiked 5.0% to $344.21 after the company announced that it was beginning to test its drone delivery program.
Six Things You Should Know About Amazon's Drones  Forbes
Amazon Asks FAA for Permission to Fly Drones  ABC News
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Economists downgrade forecasts for US growth
WASHINGTON (AP) - U.S. business economists have sharply cut their growth forecasts for the April-to-June quarter and the full year.
Economists lower forecasts for US growth  Watertown Public Opinion
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US Stocks Inch Lower
U.S. stock benchmarks were mostly lower on Friday afternoon, putting them on track for their biggest weekly loss since April. The Dow Jones Industrial Average shed 30 points, or 0.2%, to 16885.
Dow Analyst Moves: DD  Forbes
US stocks edge down  The Australian
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NY attorney general: Lyft is a livery service, not peer transport, and would violate ...
ALBANY, N.Y. - New York's attorney general has sued to block Lyft, the on-demand ride-sharing app, from operating in New York.
Uber Competitor Lyft Sued by New York to Halt Operations  Bloomberg
​NY attorney general sues to bar Lyft from the city  Engadget
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$350 for a Kindle App?!
The FTC says Amazon let children run up hundreds of dollars in unauthorized charges for in-app purchases. Here's how to make sure your kid's screen time doesn't cost you a small fortune.
FTC Sues Amazon over In-App Purchases by Children  Top Tech News
FTC files lawsuit against Amazon for easy in-app purchases  Android Community
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Wells Fargo mortgage revenue drops, shares fall
(Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank, reported a 39 percent drop in mortgage revenue for the second quarter as lending volume dropped, underscoring the urgency for the bank to find other sources of income growth.
Wells Fargo Sees Revenue Slip But It Still Beats Expectations
Wells Fargo Profit Edges up 3 Percent in Quarter  ABC News
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Fed says QE to end in October
OFFICIALS at the US Federal Reserve agreed at June's policy meeting to end their bond-buying program in October, putting an explicit end date on the experiment for the first time and closing a controversial chapter in central banking annals with results still ...
Interest Rates Going Up  Wall Street Sector Selector
KC Fed's George: Rate increase should come this year  Kansas City Business Journal (blog)
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