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U.S. markets news

Facebook, a year after IPO
After a market debut marred by technical glitches and a deep dive in the company's stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social network.
Facebook still has a selling job ahead, despite bold moves  Globe and Mail
The Most Important Thing Facebook Did This Year  CNBC.com
Wall Street Journal   Related articles »  
Dow, S&P end at records, stocks mark fourth week of gains
By Leah Schnurr. NEW YORK | Fri May 17, 2013 6:01pm EDT. NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up ...
US Stocks In Broad Rally, Fueled By Strong Economic Data  Wall Street Journal
Dow, S&P 500 end week with record highs - USA Today  USA TODAY
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Gas Export Approval Not Seen Signaling US Permit Flood
The conditional approval of a natural gas export terminal in Texas doesn't necessarily open the floodgates for overseas sales as the U.S.
US Approves Expanded Gas Exports  Wall Street Journal
UPDATE 3-US ends freeze on new natural gas exports, approves Texas terminal  Reuters
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Tesoro is cleared to buy BP's Carson refinery, Arco stations
Tesoro Corp. won federal and state clearance for its purchase of BP's Carson refinery, Arco stations and other assets for $2.4 billion, an acquisition that would further concentrate the state's fuel-making capacity into only two players - Tesoro and Chevron ...
FTC Clears Tesoro Purchase of BP Refinery  Wall Street Journal
Tesoro wins antitrust OK to buy California BP refinery  Reuters
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California jobless rate falls to 9%
No one ever said the economic recovery would be pretty. California eked out more growth in April as employers added 10,400 jobs, bringing the net total added over the year to 273,000.
NM, 39 states post jobless rate drop  Albuquerque Journal (subscription)
Unemployment rates for each US state in April, compared with March and a ...  Washington Post
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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.
May consumer sentiment highest in nearly six years  Reuters
Consumers Are the Happiest Since 2007  Businessweek
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US wins breathing space on debt ceiling
The US will not have to raise the federal debt ceiling until September, said Treasury secretary Jack Lew on Friday, in another sign of how the resurgence of tax revenues is changing the politics of US deficits.
No Debt-Limit Showdown Before Labor Day  Wall Street Journal
Treasury Prepares to Take Measures to Avoid Default - CNBC.com  CNBC.com
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US jobless claims jump 32000 to 360000
WASHINGTON (MarketWatch) - The number of people who applied for new unemployment benefits surged by 32,000 to 360,000 in the week ended May 11, putting jobless claims at the highest level in a month and a half, according to the U.S.
Jobless claims jump to 6-week high as the sequester is beginning to hurt economy  Examiner.com
Initial jobless claims jump to 360000, most since March  Los Angeles Times
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Fed has not lowered interest rates enough: Kocherlakota
By Ann Saphir. CHICAGO | Fri May 17, 2013 3:25pm EDT. CHICAGO (Reuters) - The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and ...
Fed's Kocherlakota Sees No Benefit to Financial Stability From Tighter ...  Wall Street Journal
Bulls Will Drive Market but Bernanke Is Steering  CNBC.com (blog)
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American Airlines Doesn't Want Your Bags in the Cabin
The airline that introduced checked-baggage fees has learned the downside of funneling more suitcases into the cabin: It takes longer for people to board.
On American Airlines, pack light and you'll get to board early  Los Angeles Times
US airline group sees pickup in summer air passengers  Reuters
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