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U.S. markets news

Yahoo Board Agrees to Buy Tumblr for $1 Billion: Report
Yahoo's board has agreed to buy Tumblr, the popular blogging service, for about $1.1 billion in cash, a person with knowledge of the agreement said on Sunday.
Yahoo to Buy Tumblr for $1.1 Billion  Wall Street Journal
Analysis: Reported Tumblr deal a bold move for Yahoo - USA Today  USA TODAY
Forbes   Related articles »  
The Facebook IPO, One Year Later
On the anniversary of its IPO, mobile is taking off on Facebook. So why did revenue decline last quarter? WSJ's Jason Bellini has "The Short Answer.
Leaning Down: Facebook's Stock At Its IPO Anniversary  Forbes
Facebook Struggles to Satisfy Investors About Mobile Earnings  Businessweek
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Consumer Sentiment Index in U.S. Rose to 83.7 in May from 76.4
Americans' confidence in the economy climbed in May to the highest level in almost six years as rising real estate values and record stock prices boosted household wealth.
Consumer sentiment perks to post-recession peak  MarketWatch
Consumer Sentiment Hits Nearly 6-Year High  Wall Street Journal
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Will American's New Boarding Process Work? It Failed at Virgin America.
Give American Airlines credit for trying a new method to board passengers more quickly. Airlines constantly tinker with the boarding process, and this time American says it has found a way to cut an average of two minutes from the 40 minutes to 45 minutes ...
American Airlines Doesn't Want Your Bags in the Cabin  Businessweek
US airline group sees pickup in summer air passengers  Reuters
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How JC Penney Can Stem The Tide Of Slumping Sales
Yesterday, J.C. Penney announced a serious first quarter loss of $348 million, or $1.58 per share and a revenue slump of 16.4% to $2.635 billion as same store sales dropped 16.6%.
Where Did All Those JC Penney Customers Go?  Wall Street Journal
J.C. Penney First-Quarter Net Loss Widens After Johnson Leaves  Bloomberg
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The Tories must water these green shoots
Sir Mervyn King, like a Scotsman with a grievance, is rarely mistaken for a ray of sunshine - still less for the first cuckoo of spring.
Bank of England's King sends message to successor Carney  Reuters
Bank governor warns against long-term stimulus for mortgage market  Financial Times
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US Approves Expanded Gas Exports
The Obama administration on Friday cleared the way for broader natural-gas exports by approving a $10 billion facility in Texas, a milestone in the U.S.
3 Foreign Companies Invest in US Project to Export Liquid Gas  New York Times
Gas Export Approval Not Seen Signaling US Permit Flood  Bloomberg
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3 big banks nearly halt foreclosure sales after US tweaks orders
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
Some Banks Halt Foreclosures, Citing Regulator's Bulletin  Wall Street Journal
Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny  American Banker (subscription)
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County jobless rate falls to 7%
Tallapoosa County's unemployment rate is down 1.9 percent from January 2013 to April 2013, according to the latest figures from the Alabama Department of Labor.
Jobless numbers fall in Tuscaloosa County  Tuscaloosa Magazine
Sonoma County jobless rate falls to 6.5 percent  Santa Rosa Press Democrat
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Senate Democrats Urge Delay in Student Loan Rate Increase
U.S. Senate Democrats today called for a two-year postponement of a scheduled increase in the interest rate charged on education loans to millions of college students.
Republicans advance bill to tie US student loan rates to markets  Reuters
Student debt weighs on overall economy  The Sheboygan Press
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