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U.S. markets news

Cynk's Frenetic Trading: An Important Lesson
Former penny stock Cynk Technology wild ride to a $6 billion valuation has caused quite a stir, but there is an important takeaway for investors.
Cynk Tech shares halted by Finra  Chicago Tribune
Cynk Suspended by SEC After No-Member Network's Surge  MSN Money
Telegraph.co.uk   Related articles »  
Cigarette giant Reynolds American in talks to acquire rival Lorillard
Cigarette giant Reynolds American, maker of Camel, is in talks to acquire tobacco firm Lorillard. Cigarette giant Reynolds American, maker of Camel, is in talks to acquire tobacco firm Lorillard.
UK Stocks Gain as Imperial Tobacco Rises on Deal Talks  Businessweek
Wall Street Market Report  BBC News
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Economists lower forecasts for US growth
FILE - In this Friday, Nov. 23, 2012 file photo, a cashier rings up a sale at a Sears store, in Las Vegas. U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will ...
Economists downgrade forecasts for US growth  Deccan Chronicle
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Portugal's PM tries to soothe investors; BES says can cover any losses
LISBON (Reuters) - Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.
Global stocks struggle after tough week  Financial Times
Banco Espirito Santo makes rocky return to markets  Telegraph.co.uk
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Amazon wants to test delivery drones outdoors
Online retailing giant Amazon wants permission from the Federal Aviation Administration to test speedy delivery drones outside in the Seattle area.
Amazon Surges As It Pleads With FAA To Test Drones  Forbes
Amazon asks FAA for permission to fly drones  Washington Post
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Wells Fargo Profit Edges up 3 Percent in Quarter
A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent. The country's largest mortgage lender said Friday that net income rose to $5.42 billion for the three months ending in June, up from $5.27 billion a year earlier.
Wells Fargo Earnings Show Why You Should Consider This Bank's Stock  TheStreet.com
US stocks mixed ahead of earnings 'avalanche'  CNBC.com
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US Stocks Inch Lower
U.S. stock benchmarks were mostly lower on Friday, putting them on track for their biggest weekly loss since April. The Dow Jones Industrial Average shed 34 points, or 0.2%, to 16881.
US STOCKS-Wall St flat, but Internet names support Nasdaq  Reuters
Dow Analyst Moves: DD  Forbes
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No sale by owner: Americans with lower mortgage rates hold tightly onto homes
In this July 2, 2014 photo, Ryan Carson, right, cooks dinner with his wife, Jenny Roraback-Carson, left, and their daughter Clara, 3, at their home in Seattle.
Downside of low US mortgage rates? Less selling  Washington Post
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Not a 'catastrophe' if US inflation rises over 2 percent: Fed's Evans
(Reuters) - The Federal Reserve could well let inflation rise to 2.4 percent or so, above its 2-percent target, if the economy requires it, a top U.S.
Plosser: Data Keeps Telling Us To Raise Rates  ValueWalk
Plosser Says Fed Must Consider Higher Rates as Policy Goals Edge Closer  Wall Street Journal (blog)
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Uber Competitor Lyft Sued by New York to Halt Operations
Uber Technologies Inc. car-sharing service competitor Lyft Inc., which said it planned to begin operations today in New York City, was sued by New York officials who claim it's flouting licensing laws.
New York attorney general seeks court order banning Lyft service  Buffalo News
Uber confronts Moscow market  Independent Online
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