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U.S. markets news

Stocks advance as internet rally offsets Portugal concern
NEW YORK -- U.S. stocks rose Friday, paring the biggest weekly loss since April, as a rally in Amazon.com Inc. and EBay Inc. led an afternoon rebound from declines spurred by concern over financial stress in Europe.
GLOBAL MARKETS-Stock indexes up slightly as Portugal fears ebb; oil down ...  Reuters Africa
GLOBAL MARKETS-Stock indexes flat as Portugal fears ease; oil down sharply  Bignews Portugal
Economic Times   Related articles »  
Former CalPERS CEO Fred Buenrostro Pleads Guilty To Corruption Conspiracy
July 11, 2014 - SAN FRANCISCO - Fred Buenrostro pleaded guilty today to conspiracy to commit corruption and fraud charges stemming from a conspiracy to trade official acts for cash and benefits, announced U.S.
Former CEO of CalPERS pleads guilty to fraud, corruption charge  Los Angeles Times
Ex-Chief of Huge Pension Fund Guilty of Bribery  ABC News
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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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Striking LA, Long Beach port truck drivers agree to cooling off period
United Farm Workers join Teamsters as they picket Green Fleet Systems in Carson on Monday. Truckers picketed several trucking companies and shipping terminals at the ports of Long Beach and Los Angeles, claiming they are treated unfairly and are ...
Truckers End Los Angeles, Long Beach Port Strike  International Business Times
Truckers at 2 Calif. ports OK cooling off period  CapitalGazette.com
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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.
A.C. casino closings have employees reeling  Philly.com
Atlantic City May Lose Another Casino  New York Times
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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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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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UAW continues unionization efforts at Volkswagen plant in Tennessee
The UAW broke its pledge to cease organizing activity at the Chattanooga auto plant that rejected unionization, announcing on Thursday afternoon that it would form a voluntary union for factory workers.
Despite Earlier Loss, UAW Creates Union at VW Plant  New York Times
UAW Starts Recruitment of VW Workers Who Rejected Union  Bloomberg
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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.
Huge auto supplier TRW gets surprise buyout bid  USA TODAY
TRW Approached by Germany's ZF to Create No. 2 Auto Supplier  Bloomberg
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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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