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U.S. markets news

Consumers win big as Comcast walks away from merger with Time Warner Cable
First it was net neutrality rules, now it's shooting down one of the biggest mergers ever, and consumer advocates believe they've spared mankind a major bullet by fighting Comcast and Time Warner Cable.
Charter plots renewed bid for TWC in wake of Comcast kibosh  TeleGeography
Merger Arbitrage Mondays - April 27, 2015  Seeking Alpha
New York Daily News  
Chipotle says transition to non-genetically modified ingredients complete
NEW YORK - Chipotle says it has completed phasing out genetically modified ingredients from its food. The Denver-based chain had already been using mostly non-GMO ingredients, but said in late 2013 it was working on transitioning to a tortilla that did ...
Chipotle Says It Has Finished Removing GMO Ingredients  CBS Local
Chipotle Takes GMO off the Menu  TWC News
Applied Materials scraps Tokyo Electron takeover due to antitrust concerns
A logo sign outside the headquarters of Applied Materials, Inc., in Santa Clara, Calif. Photograph by Kris Tripplaar - Sipa USA/AP.
Applied Materials, Tokyo Electron Cancel Merger Plan  Nasdaq
Applied Materials calls off $9.4B Tokyo Electron buyout  U-T San Diego
Fitch Downgrades Japan, Warns on Fiscal Policy
Fitch Ratings downgraded Japan's credit rating by one notch after the government failed to take steps in this fiscal year's budget to offset a delay in a sales tax increase, the agency said on Monday.
UPDATE 2-Fitch downgrades Japan, joins Moody's in warning on fiscal policy  Reuters
Fitch Downgrades Japan's Credit Rating to 'A'  Nasdaq
China Telecom Helps Fortify Alibaba's $590 Million Bet On Smartphone Vendor ...
In spite of the disastrous Amazon Fire Phone, Alibaba still invested $590 million on China's 13th biggest smartphone vendor last February.
Alibaba Moves To Bring Smart Phones To Rural China  PYMNTS.com
Alibaba Joins China Telecom in Selling Mobile Phones in Rural Areas, Urban ...  Yibada (English Edition)
This state's drivers pay twice as much for insurance
Insurance companies take a lot into account when they decide how much to charge you for car insurance. But no matter how great your driving record, expect to pay a lot more in Michigan.
How one fee schedule is complicating no-fault reform for Michigan  MLive.com
Michigan car insurance is priciest in the US  Battle Creek Enquirer
Deutsche Bank shares fall on shake-up plan
Shares in Germany's Deutsche Bank have fallen after it unveiled a plan to cut costs by �3.5bn and sell off its Postbank business.
Europe shares bounce as optimism on Greece wins out  Reuters
European stocks fall, with Deutsche Bank, Greece in focus  MarketWatch
Capgemini Agrees to Buy iGate, Merging Rivals Focused on Tech and Outsourcing
LONDON - Capgemini, the French technology and outsourcing company, agreed on Monday to buy its United States rival iGate in an all-cash deal worth $4 billion.
Cap Gemini to Buy Igate for $4 Billion to Challenge Accenture  Bloomberg
Capgemini to buy IGATE in $4 billion US expansion push  The Guardian Nigeria
Brent crude slips to $65 as dollar strengthens
LONDON (Reuters) - Brent crude slipped to around $65 on Monday as the dollar strengthened, but a further sign that U.S. shale output may have started to decline put a floor under prices.
Oil price hovers at four-month high  BBC News
Oil Drifts Lower; Brent Falls Below $65 a Barrel  Wall Street Journal
Piech Demise Boosts Volkswagen Stock Price, Promising Focus On Profits
Volkswagen's share price jumped as investors apparently welcomed the demise of former board chairman Ferdinand Piech, reckoning that this might mean the death of vanity projects like the Phaeton and Bugatti, the end of the acquisition of yet more brands, ...
VW board members demanded Piech go after learning of secret plot  Reuters
VW Will Regret Losing Its Napoleon  Bloomberg View