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U.S. markets news

Bankrupt Crumbs might be saved
Crumbs Bake Shop has a deal, which if approved by a bankruptcy judge, could reopen the cupcake maker, according to a court filing on Friday.
CNBC star Marcus Lemonis will buy Crumbs cupcake chain  New York Daily News
Crumbs cupcake shops may be resurrected by local investor  Chicago Tribune
Reuters   Related articles »  
General Motors Employs A Former Nissan Infiniti Head, Johan de Nysschen, To ...
A Cadillac logo is pictured at the Jacob K. Javits Convention Center during the New York International Auto Show in New York on April 16.
Can Infiniti Chief Johan de Nysschen Change Fortunes at Cadillac  Uncover California
General Motors hires Infiniti chief to runs its Cadillac brand  Business Recorder
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Rising bond yields point to rate rises
Investors' radar screens have long been clear of the one blip guaranteed to sound the alarm in financial markets: interest rate rises by central banks.
Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%  Wall Street Journal (blog)
Fed Considers Ending Stimulus Program  DSNews.com
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Amazon asks FAA for permission to test its delivery drones
Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
Amazon Seeks FAA Permission for Deliveries via Drones  Uncover California
Amazon seeks US nod to test-fly delivery drones  Business Standard
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Global stock indexes up slightly as Portugal fears ebb; oil down sharply
NEW YORK (Reuters) - Major global equities markets edged higher and the yen stabilized against the U.S. dollar on Friday as worries about Portugal's biggest bank ebbed, while oil prices dropped on easing concern about supply losses in the Middle East.
GLOBAL MARKETS-Stock indexes up slightly as Portugal fears ebb; oil down ...  Reuters Africa
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San Diego utility wins FAA OK to test drones
SAN DIEGO (AP) - San Diego Gas & Electric says it will begin testing drone aircraft to help patrol for outages and wildfires in remote areas.
SDG&E gets OK to use drones to check power lines  San Diego 6
FAA Approves Experimental Airspace For SDG&E To Test Unmanned Aircraft ...  Wall Street Journal
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Stocks little changed
Continue reading below. Stocks rose, paring the S&P 500's biggest weekly loss since April, as investors geared up to assess corporate earnings, though Wells Fargo slipped after its earnings failed to rise for the first time in 18 quarters.
Wells Fargo profit increases 3.8% as home lending regains traction  Los Angeles Times
Wells Fargo Profit Rises Despite Drop in Revenue  New York Times
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Stocks on track for weekly loss
NEW YORK - Stocks were little changed Friday as investors assessed corporate news. The stock market is headed for its biggest weekly loss since April after ending the previous week at a record high.
US stocks end week lower as market eyes earnings  Zee News
Stocks close down for week  Albany Times Union
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SEC halts trade in Cynk over possible stock manipulation
US regulators on Friday suspended trading in Cynk Technology Corp, citing possible market manipulation in the one-time penny stock whose market value rocketed within weeks from less than $20 million to more than $6 billion.
Mystery Company Has No Money But Is Valued At $4.5B  WIBW
Cynk Technology's Valuation Defied Gravity Without Revenue, Rousing SEC  Wall Street Journal
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Madison's race to regulate Uber and Lyft
San Francisco-based ride-sharing company Lyft operates in about 70 cities, including Madison. Both Lyft and Uber, another ride-sharing company, have come under scrutiny here, as city officials say they are acting as taxis without following local regulations.
Lyft, the Uber Competitor: New York Officials Are Seeking a Temporary ...  Athlete Newswire
Car-Hailing Service, Lyft, Postpones Its Debut in New York  New York Times
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