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U.S. markets news

LA billionaire's investment could sink Gannett bid for LA Times owner
In the battle for control of Los Angeles Times parent Tribune Publishing, two health tech investors look to be the likely winners, while a massive newspaper company may walk away empty-handed.
Doctor's Stake in Tribune Is to Preserve 'Public Trust'  New York Times
Tribune Publishing brings in new investor  The Ledger
Reuters  
Asian stocks near 11-week lows, dollar bounces on Fed rate view
HONG KONG Asian shares stumbled to near 2-1/2-month lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S.
Fed's Harker Sees Two to Three Hikes in 2016 as Prices Gain  Bloomberg
Gold prices down in Asia as parade of Fed speakers see hikes  Nasdaq
Ares Capital to buy American Capital in deal valued at $3.4 billion
Specialty finance company Ares Capital Corp (ARCC.O) agreed to buy smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion, aiming to capture a bigger share of lending to mid-sized firms as big banks turn cautious.
American Capital agrees to a pair of deals to sell itself for a total of $4 ...  Washington Post
Deal! American Capital Sells to Ares Capital  Motley Fool
Sports Authority shutting down with giant going-out-of-business sale
Sports Authority, in planning to close all of its stores,is set to launch its going-out-of-business sales this week, according to court documents.
Sports Authority closing; Glenwood Meadows owner hopes for new major sports ...  Glenwood Springs Post Independent
Englewood grappling with likely loss of Sports Authority corporate HQ  The Denver Post
Swiss bank probed in connection with Malaysia fund scandal
GENEVA - The Swiss attorney general's office has opened criminal proceedings against a Swiss bank in connection with a probe into suspected embezzlement of a Malaysian state investment fund.
Swiss stocks - Factors to watch on May 24  Reuters
Singapore shuts 1MDB-linked BSI Bank over 'worst misconduct' ever seen  CNBC
Expo Line, meet the real world: A car on tracks, a broken-down train
Los Angeles County commuters who woke up early Monday morning to ride the new Expo Line extension quickly encountered one of the ugly realities of the Los Angeles public transit system: its proximity to traffic.
LA's rail extension adds car-free options for visitors  USA TODAY
Metro Opens Rail Line, Driver Crashes Into It  LA Magazine
Penalty Against Bank of America Overturned in Mortgage Case
Steve Bailey of Bank of America's Countrywide unit at a 2008 Senate hearing. A $1.27 billion penalty was overturned Monday. Credit Alex Wong/Getty Images.
BofA $1.3 Billion 'Hustle' Judgment Tossed by Appeals Court  Bloomberg
UPDATE 4-Bank of America $1.27 bln US mortgage penalty is voided  Reuters
Bayer defies critics with $62 billion Monsanto offer
FRANKFURT German drugs and crop chemicals group Bayer AG has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry.
Bayer-Monsanto deal could sow the seeds of a European takeover boom  CNBC
Monsanto Trading Below Bayer Offer Shows Regulatory Anxiety  Bloomberg
Why Fiat Chrysler (FCAU) Close Down 5% on the Day
Fiat Chrysler Automobiles NV (FCAU) closed on the day to a three-month low as its fight with Germany over vehicle emissions escalated after the country's most-read newspaper, Bild am Sonntag , reported that German authorities found the company to have ...
UPDATE 1-Fiat Chrysler shares fall on report of German sales ban threat  Reuters
Why Fiat Chrysler Automobiles Is in Diesel-Powered Trouble in Germany  Motley Fool
Here's What You'll Pay for Gas This Memorial Day Weekend
AAA expects more than 38 million Americans will travel this Memorial Day weekend. Gas prices during the busy Memorial Day weekend will likely be the lowest since 2005, according to the latest projections from the American Automobile Association.
Hit the road, Jack: Record travel in Carolinas expected  The Times and Democrat
AAA Carolinas expects record Memorial Day travel by North Carolinians  Winston-Salem Journal