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U.S. markets news

California Gov. Jerry Brown issues mandatory water restrictions
(CNN) California Gov. Jerry Brown on Wednesday imposed mandatory water restrictions for the first time on residents, businesses and farms, ordering cities and towns in the drought-ravaged state to reduce usage by 25%.
California order to cut water use does not apply to farmers  Reuters
California Obliterates Record for Lowest Snowpack Ever  Live Science
Los Angeles Times  
McDonald's to raise wages for 90000 US workers
McDonald's will raise the wages of roughly 90,000 employees in the US, as the struggling burger chain follows the likes of Walmart in lifting pay amid a national debate over income inequality.
McDonald's To Raise Wages: Will It Be Enough To Please Employees ...  Forbes
McDonald's pay raise helps only a fraction of workforce, may not ...  Fortune
SEC finds that KBR confidentiality agreements 'stifled' whistleblowers
In what is being called a landmark ruling for whistleblowers, the Securities and Exchange Commission announced Wednesday that one of the nation's largest government contractors used confidentiality agreements that had the potential to intimidate and ...
KBR to pay SEC penalty in whistleblower protection case  Reuters
KBR and SEC Resolve Questions Regarding Confidentiality Agreement  MarketWatch
GoDaddy registers 31% first-day price surge
Shares in GoDaddy, the internet registrar known for its risqu� advertisements, soared 31 per cent on their debut on Wednesday, standing out from a quiet market for US listings this year.
UPDATE 3-GoDaddy shares soar in debut as investors buy into revamp  Reuters
GoDaddy's Shares Jump Up To 34% In Market Debut--3rd Update  Nasdaq
Allegiant pilots threaten to strike Thursday
Allegiant Air is bracing for its pilots to strike Thursday and potentially force the cancellation of more than 250 flights for 333,000 travelers because of disputed labor negotiations.
Airline strike likely to cause canceled flights Thursday  Charleston Gazette
Pilot strike could ground more than 250 Allegiant flights
When oil will hit bottom
Analysts say the stars are aligned for crude to hit a rock-bottom price sometime this quarter. Iran remains the wild card for the price of oil, and it is now past the March 31 deadline to reach a framework agreement on its nuclear program.
Wall Street, dollar fall on economic worry; oil up  Reuters
Oil Climbs the Most in Two Months on U.S. Crude Output Decline  Bloomberg
UPDATE 1-US says HSBC must do more to improve compliance
(Adds details from filing, HSBC comment, case citation, bylines). By Jonathan Stempel and Karen Freifeld. NEW YORK, April 1 (Reuters) - HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of ...
US Says HSBC Needs to Step Up on Compliance  New York Times
U.S. says HSBC 'too slow' on compliance but makes progress  Business Insider
Fire rages on Mexican oil rig; 4 workers killed
Read this story in Spanish at (CNN) Four workers died in an oil rig fire that was still raging off the coast of Mexico hours after it started Wednesday.
4 dead, 16 hurt in oil platform fire in Gulf of Mexico  USA TODAY
Oil rig fire in Gulf of Mexico kills at least four workers  Los Angeles Times
Kraft, Mondelez Accused of Manipulating Wheat Markets
Kraft Foods Group Inc. and Mondelēz International Inc. were charged Wednesday with manipulating and trying to manipulate the prices of cash wheat and wheat futures by the regulator of those markets.
Kraft accused of wheat price fixing  BBC News
UPDATE 2-US CFTC sues Kraft, Mondelez over alleged wheat price manipulation  Reuters
Macerich and Sears Are Big Market Movers
NEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE.
Simon gives up after Macerich rejects second bid for malls, including ...  Quad-Cities Online
Macerich shares dip as Simon Property pulls $23bn bid  Financial Times