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U.S. markets news

US probes e-commerce giant Alibaba's accounting practices
Chinese e-commerce firm Alibaba says it is under investigation by U.S. regulators in connection with its accounting practices. Alibaba said in a regulatory filing Tuesday that the U.S.
Alibaba Faces US Accounting Inquiry  New York Times
SEC Completely Whiffs On Outright Frauds But Goes After Alibaba  Forbes
MarketWatch  
Hewlett Packard's enterprise spinoff cheers investors, but analysts are ...
Shares of Hewlett Packard Enterprise Co. HPE, +8.86% soared 10% on Wednesday after the company announced earnings and said that it would spin off its enterprise services unit in a merger with CSC, but analysts haven't been as quick to celebrate.
Stocks climb for the second day as energy companies jump  Los Angeles Times
Hewlett Packard Enterprise: The Cost of Its Cycle of Life Is Clear  Motley Fool
Shell to cut 2200 more jobs in face of weak oil prices
LONDON Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices.
Shell (RDS.A) Stock Gains on Higher Oil Prices, Job Cuts  TheStreet.com
Shell to cut another 2200 jobs worldwide  FuelFix (blog)
Verizon CEO: Labor secretary 'very helpful' amid ongoing strike
I.B.E.W. Local 2222 President Ed Hastings addresses Verizon union workers at a rally at the Westin Copley Place Tuesday morning. Staff photo by Mark Garfinkel.
With Verizon sticking to demands, workers look to break CWA isolation of strike  World Socialist Web Site
Verizon Strikers Prompt Federal Labor Board Action  Courthouse News Service
Chinese conglomerate vows to outdo Disney's theme park in China
If Walt Disney Co. executives thought they were going to open a theme park in mainland China without major opposition, they were wrong.
China's Wanda Prepares for Battle With 'Old Brand'  ABC News
Shanghai city officials release etiquette guide for visitors to new Disney ...  Inside the Magic
Ride-hailing vs. taxi showdown starts with a pep rally
A news conference by drivers for ride-hailing services and their political allies kicked off Wednesday's PR battle, which included a hearing on an ordinance to regulate Lyft, Uber and similar services.
Uber, Lyft Face Aldermen As Committee Considers Tougher Rules  CBS Local
Toyota Financial to provide leasing options for Uber drivers  Automotive News
Strong German business, consumer morale boost hopes for growth
BERLIN German business morale improved more than expected in May, reaching its highest level so far this year and suggesting Europe's biggest economy will extend its surprisingly strong start to 2016 into the next quarters.
German Business Ignores Brexit Fears as Confidence Improves  Bloomberg
German Survey Shows Economy Still Robust  Wall Street Journal
EU seeks to make it easier to buy online from other countries
BRUSSELS Online retailers would be banned from stopping a customer in one EU country buying from a website based in another, under a proposal issued on Wednesday to make it easier for consumers to shop across the bloc.
Europe's Geoblocking Decision: What You Need to Know  Bloomberg
Europe Seeks Greater Control Over Digital Services  New York Times
Citigroup Fined in Rate-Rigging Inquiry but Avoids Criminal Charges
Citigroup on Wednesday became the latest big bank accused of trying to manipulate global interest rates, a reminder of Wall Street's wide-ranging abuse of power in these markets.
Citigroup to Pay $425 Million to End CFTC Benchmark Probes  Bloomberg
Citigroup to pay $425 million over attempted benchmark manipulation  Reuters
AT&T bids for Yahoo's internet business: Bloomberg
AT&T Inc (T.N), the No. 2 U.S. wireless carrier, has made a bid for Yahoo Inc's (YHOO.O) internet business, Bloomberg reported on Wednesday, citing people familiar with the matter.
Yahoo's newest suitor for its Internet business: AT&T  CNET
AT&T Said to Be the Latest Company Bidding for Yahoo's Internet Business  Fortune