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U.S. markets news

Dow, S&P 500 finish at all-time closing highs
Despite plunging oil and gas prices, stocks soared on Monday with the S&P 500 and the Dow Jones Industrial Average hitting new record closing highs.
S&P climbs to record to recover from selloff as tech stocks surge  Buffalo News
Stocks push to record highs, continuing rally  Tribune-Review
BBC News   Related articles »  
Billionaire Harold Hamm Slashes 2015 Drilling On Low Oil Prices
Harold Hamm, the billionaire CEO of Continental Resources CLR -1.6% has proven that he is comfortable taking big risks. He is so bullish on oil prices that in late October and early November he monetized all his crude price hedges.
Billionaire Shale Pioneer Cuts Spending 41% on Oil Crash  Bloomberg
UPDATE 1-Continental slashes spending for oil output growth, rigs  Reuters
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Asia heartened by Wall Street high, dollar in demand
SYDNEY (Reuters) - Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply.
Why The Japanese Yen Is Declining (FXY)  Seeking Alpha
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Israel's Bank Leumi Settles U.S. Tax Charges For $400M, Gives Depositor Names
To resolve U.S. tax charges, Israel's Bank Leumi has admitted that it helped over 1,500 U.S. account holders evade taxes. One of the largest banks in Israel, Leumi has offices in New York, Florida, Illinois and California.
Israel's Bank Leumi to pay $400 million for US tax settlement  Fortune
Israeli bank is the latest to admit hiding offshore U.S. accounts  Charlotte Observer
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P&G sells two classic brands to Unilever
Procter & Gamble said it would sell soap brands Camay and Zest to Unilever for an undisclosed amount to focus on its faster-growing brands.
UPDATE 1-P&G to sell soap brands Camay and Zest to Unilever  Reuters
Dow, S&P 500 post record highs; Procter & Gamble selling soap brands ...  cleveland.com
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Steep rate hikes stabilize ruble, but at cost of next year's growth
Exchange rates on Dec. 16 showed the ruble vs. the dollar. The ruble has plunged despite big increases in interest rates. Photo: Alexander Zemlianichenko � Associated Press file,.
Ex-minister Kudrin warns of "full-fledged crisis" in Russia  Zee News
Shrinking trade hurts both Russia and EU: Putin  Business Standard
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Sales of existing homes hit six-month low, puzzling analysts
Sales of previously built homes slipped in November to their lowest level in six months as the supply of properties remained tight, an unexpected setback in what has shaped up to be a disappointing year for the housing market.
Tampa Bay among Florida leaders in November home sales  Tampabay.com
Existing-Home Sales Plunge  Investor's Business Daily
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Twitter shares jump after analyst predicts Costolo exit
AFP 528975454 A CLJ USA CA Shares of Twitter jumped on Monday after a prominent Wall Street analyst predicted CEO Dick Costolo's days at micro-blogging company are numbered.
Twitter Shows Mobile Moxie, As CEO Rumors Swirl TWTR  Investor's Business Daily
Twitter spikes thanks to Costolo resignation rumor (TWTR)  Seeking Alpha
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Nicaragua announces start of China-backed canal to rival Panama
MANAGUA (Reuters) - Nicaragua on Monday announced the start of work on a $50 billion shipping canal, an infrastructure project backed by China that aims to rival Panama's waterway and revitalize the economy of the second-poorest country in the ...
Nicaragua Starts Canal as Critics Lambaste It  Wall Street Journal
Protests as Nicaragua launches ambitious canal  Herald Sun
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UPDATE 2-US West Coast port employers seek mediation in dockworker talks
(Union says it will respond on Tuesday; adds background; byline). By Steve Gorman. LOS ANGELES Dec 22 (Reuters) - Shipping lines and terminal operators at 29 U.S.
US West Coast port employers seek mediation in dockworker talks  CNBC
West Coast Port Operators Call for Mediation in Longshore Talks  Businessweek
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