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U.S. markets news

Puerto Rico expected to default further on debts
The confrontation between debt-swamped Puerto Rico and its creditors is intensifying as the U.S. territory is expected to default on payments due Monday, deepening the island's financial crisis and placing additional pressure on Congress to intervene.
Governor: Puerto Rico Won't Make $420 Million Debt Payment  New York Times
Puerto Rico faces default as governor plans to address island  Reuters
Business Insider  
Buffett Hits Hedge Funds While They're Down, Faulting High Fees
Warren Buffett's biggest investment tip: Be wary of fees. At the annual meeting of his Berkshire Hathaway Inc., the billionaire warned about the enduring risk of derivatives, defended stocks in his portfolio and signaled that some of the company's ...
The Next Stock Warren Buffett May Sell  Motley Fool
Berkshire Hathaway 2016 Annual Meeting Recap  ValueWalk
CCSX train derails in Northeast Washington, leaking hazardous chemicals and ...
A CSX freight train derailed in Northeast Washington early Sunday, spilling hazardous chemicals along a busy rail corridor. The wreck stranded some residents away from their homes, forced the closure of a Metro station and snarled traffic as emergency ...
Derailed train in Washington leaks hazardous chemical, disrupts rail service  Reuters
The Latest: Commuters to be impacted by train derailment  Times Daily
City announces plans for Navy Pier hotel
CHICAGO (AP) - The city of Chicago says construction of the first hotel at a popular tourist attraction Navy Pier will begin next year.
Hotel planned for Navy Pier, mayor says  WLS-TV
Navy Pier to get 200-room, $90 million hotel project  Crain's Chicago Business
Sports Authority going out of business
Sports Authority said it has one point $1 billion in debt and won't be able to reorganize. Originally it planned to close just a third of its stores but then decided to close them all.
Sports Authority closing all its stores  Syracuse.com
Southern California to lose two sporting goods retailers  The Daily Breeze
No Water, No Teachers: Behind Detroit's Surge, Old Problems Stubbornly Persist
A year and a half after the city emerged from the largest municipal bankruptcy in U.S. history, Detroit 2.0 is still beset by crippling bugs in the system.
Detroit to begin shutting off water Monday to those who owe  Washington Times
Hundreds line up in Detroit for water bill payment plans  Petoskey News-Review
Will Chobani's big fat Greek giveaway to workers help its bottom line?
Chobani CEO Hamdi Ukulaya, Hamdi Ukulaya made headlines last week when he announced that Chobani would be granting its 2,000 full-time workers ownership shares worth up to 10 percent of the company's worth.
Caron: What immigrants can teach us  Kennebec Journal & Morning Sentinel
Why Chobani Gave Employees A Financial Stake In Company's Future  KQED
Air France-KLM Names Jean-Marc Janaillac as New Chairman, CEO
PARIS— Air France-KLM AFLYY -1.42 % 's board officially picked Jean-Marc Janaillac, head of bus and train operator Transdev, to replace Chief Executive Alexandre de Juniac, who is due to leave by August after struggling to restructure the ailing ...
UPDATE 1-Air France-KLM appoints Jean-Marc Janaillac as CEO  Reuters
Air France KLM Board Picks Janaillac as New CEO, Chairman  Bloomberg
Target's Stock To Get Flushed From The Bathroom Policy
I think Target's (NYSE:TGT) bathroom policy is a serious mistake from a business standpoint. The policy is scaring away customers, which is likely to lead to sales declines and a falling stock price.
Petition to boycott Target reaches over 1 million supporters  Rolling Out
Target's Perception Takes A Hit After Transgender Bathroom Statement  Forbes
In L.A., new rail to the beach promises relief from car stress
Francis Aquino, whose company makes an app for meditation, has a most un-Zen commute: an 8-mile drive to Santa Monica that can take an hour and 15 minutes each way in bumper-to-bumper Los Angeles traffic.
A Warmer, Fuzzier Los Angeles  New York Times
In car-crazy L.A., new rail to the beach promises stress relief  Chicago Tribune