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U.S. markets news

Intel Becomes An ARM Chip Maker
Intel has indicated that it will allow fabrication of Altera's ARM chips to continue, even into the next more advanced fabrication process.
Intel to Purchase Altera for $16.7 Billion  insideHPC
Intel's Purchase of Altera Defends its Datacenter Dominance  NDTV
Bidness ETC  
Stocks turn positive despite rising yields; Greece eyed
U.S. stocks traded lower on Tuesday, following a decline in European equities, as rising bond yields and a weaker dollar weighed on investor sentiment.
Wall Street Wobbles Amid Greek Uncertainty  Fox Business
The euro is having its best day against the dollar in 2 weeks
The euro climbed 2% against the U.S. currency Tuesday, its best performance in nearly two weeks, after data that showed eurozone inflation rising for the first time in six months, and reports that Greece's creditors have reached an agreement on a proposal ...
Euro surges on inflation as investors seek clarity on Greece  Christian Science Monitor
Greek Uncertainty Continues to Weigh on Markets  New York Times
Dollar General Shares Rise After Profit Tops Analysts' Estimates
Dollar General Corp. shares rose the most in almost six months after first-quarter profit topped analysts' estimates, helped by sales of tobacco, candy and health products.
Don't Be Fooled by the Moronic Sellers of the S&P 500
High On Vice: Tobacco, Candy And Snacks Drive Dollar General Sales  Forbes
Detroit Big Three May Sales Top Estimates, Aided by Holiday Push
The biggest automakers all beat estimates for May U.S. light-vehicle sales, with General Motors Co.'s the best for the month since 2007 and Fiat Chrysler's the highest in a decade as Memorial Day promotions helped boost demand.
UPDATE 3-US May auto sales race to strongest pace in nearly decade  Reuters
Auto Makers Posted Stronger-Than-Expected US Sales in May  Wall Street Journal
Inflation returns to eurozone after 6 months
Eurozone consumer prices rose for the first time in six months during May, a significant victory for the European Central Bank in its campaign to avert a slide into deflation that could have derailed the currency area's fragile economic recovery.
Deflation fears ease as eurozone inflation returns  Sacramento Bee
UPDATE 1-Euro zone back to inflation as May prices beat forecast  Reuters
Wal-Mart to raise wages for some store managers
Wal-Mart Stores Inc. plans to raise wages for some store department managers this summer, adding to wage increases for entry level staff earlier this year.
Wal-Mart to raise wages for 100000 U.S. workers  Duluth News Tribune
Next up for Wal-Mart pay raises: department managers  Memphis Commercial Appeal
Toys 'R' Us Hires Former Domino's Pizza Chief to Be Its Next CEO
Toys “R” Us Inc. named David Brandon as its next chief executive officer, turning to the former leader of Domino's Pizza Inc. to continue a turnaround attempt at the toy-store chain.
CompaniesToys R Us hires IPO veteran as new chief executive  Financial Times
Toys 'R' Us Names IPO Veteran David Brandon As Its Next CEO  Wall Street Journal
Obamacare sticker shock: Big rate hikes proposed for 2016
Hold onto your wallets ... many insurers want to substantially hike rates on Obamacare policies for 2016. Many are proposing double-digit premium increases for individual policies, with some companies looking to boost rates more than 60%, according to a ...
More big insurers seek double-digit rate increases in 2016  Healthcare Dive
Blue Cross' $71 Billion Shift From Fee-For-Service Medicine Escalates  Forbes
Every United Airlines flight was grounded this morning in the US
A company-wide computer glitch forced United Airlines to ground all its flights this morning. United spokesman Charles Hobart says the airline started to delay flights around 9am Eastern time “to ensure aircraft departed with proper dispatching information.
United Flights Grounded Briefly for Computer Issues, FAA Says  Bloomberg
United Airlines Grounds All US Flights For Unknown Reason  Tech Times